Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0474%/8h= −51.9% APRpaid last 24h −0.215%

Price spread now: BloFin against Kraken Futures−0.036%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$550.555% of the position

Long on Kraken Futures Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.123%+$12 on $10k

Price spread, last 4 days (all we have)−0.097%−$10 · spread now −0.036%, 7d avg −0.045%

Together, before fees+0.026%+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.045%, so right now this pair is about funding alone: −$14 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.123%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.123% in total (about 6.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_PUMPUSD	0.004549	0.0814	pay 0.0102% / 1h	41m 22s	$1.1M	$3.6M	50x
Short	BloFin PUMP-USDT	0.004547	0.0340	get 0.0170% / 4h	3h 41m	$3.8M	$4.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee BloFinbpOrdersPrice spread, now −0.036%Rate

Funding earned: −$99.6
Price spread: −0.036% → −0.045%: $0.85
Slippage, 4 orders: −$33.46
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$154.21
Costs to cover: 0.555%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 2 min ago; BloFin: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Kraken Futures live order book, 2 min ago	3.29 bp	12.4 bp −$12	31.2 bp −$312	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	1.10 bp	7.9 bp −$8	10.7 bp −$107	35.8 bp −$3,578	110.5 bp −$55.2K

PUMP on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX PUMP-USD	0.0000%	1h	0.004546	−0.053%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004547	−0.036%	$18K	$267K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004545	−0.082%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0072%	4h	0.004545	−0.080%	$4.9M	$9.9M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004550	+0.030%	$2.9M	$4.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−1.069%	$29K	$666K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004545	−0.080%	$858K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004548	−0.014%	$523K	$884K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004546	−0.058%	$83.1M	$176.2M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004545	−0.080%	$25.0M	$103.6M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004544	−0.102%	$27K	$163K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004552	+0.074%	$50K	$140K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004551	+0.052%	$24.7M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004546	−0.058%	$17.8M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004547	−0.036%	—	$14.4M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004546	−0.058%	$815K	$214K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004551	+0.062%	$67K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004550	+0.026%	$1.3M	$10.9M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004553	+0.096%	$162K	$747K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004550	+0.030%	$107K	$2.3M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004547	−0.036%	$42K	$2K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004552	+0.082%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004547	−0.036%	$2K	$787K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004547	−0.036%	$259	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004545	−0.080%	$23K	$124K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004546	−0.058%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004552	+0.066%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004546	−0.051%	$3.8M	$3.9M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004544	−0.102%	$67K	$10K	3x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0190%	1h	0.004549	+0.008%	$70K	$116K	25x	as long as short
Hyperliquid PUMP	+0.0233%	1h	0.004554	+0.118%	$170.2M	$51.3M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0274%	1h	0.004546	−0.058%	$65K	—	100x	as long as short
Phoenix PUMP	+0.0332%	1h	0.004553	+0.091%	$44K	$146K	10x	as long as short
BloFin PUMP-USDTshort	+0.0340%	4h	0.004547	−0.036%	$3.8M	$4.7M	75x
Reya PUMPRUSDPERP	+0.0344%	1h	0.004550	+0.025%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0344%	1h	0.004582	+0.733%	$38K	$204K	12x	as long as short
01 Exchange PUMPUSD	+0.0368%	1h	0.004551	+0.052%	$6K	$600	10x	as long as short
Nado PUMP-PERP	+0.0421%	1h	0.004550	+0.041%	$1.7M	$2.2M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0544%	1h	0.004554	+0.118%	$739K	$6.2M	50x	as long as short
RISEx PUMP/USDC	+0.0741%	1h	0.004553	+0.085%	$530K	$1.1M	10x	as long as short
Kraken Futures PF_PUMPUSDlong	+0.0814%	1h	0.004549	long leg	$1.1M	$3.6M	50x
Aftermath Perps PUMPUSD	+0.1003%	1h	0.004551	+0.042%	$503	$110K	10x	as long as short