PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0570%/8h= −62.4% APRnext payment −$0.71 per $10,000 · paid last 24h −0.125%

Price spread now: GMX against Kraken Futures−0.111%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and GMX is 0.111% cheaper against Kraken Futures than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_PUMPUSD	0.004365	0.0802	pay 0.0100% / 1h	5m 40s	$1.3M	$3.5M	50x
Short	GMX PUMP/USD [WBTC.b-USDC]	0.004360	L +0.0314% / S −0.0232%	get 0.0029% / 1h	5m 40s	$67K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.111%Rate

Funding earned: −$119.73
Price spread: −0.111% → 0.000%: −$11.09
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$152.82
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 3 min ago; GMX: no order-book sample. Net counts fees only.

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, 3 min ago	3.44 bp	19.8 bp −$20	32.0 bp −$320	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.3595%	1h	0.004361	−0.079%	$20K	$9K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0045%	4h	0.004360	−0.111%	$22.8M	$95.9M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0003%	4h	0.004359	−0.134%	$41K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004361	−0.088%	$20K	$201K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004362	−0.065%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004360	−0.109%	$55K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004360	−0.111%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.486%	$29K	$764K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004361	−0.087%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004358	−0.145%	$1.6M	$2.0M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid PUMP	+0.0100%	1h	0.004362	−0.065%	$160.2M	$52.4M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004357	−0.173%	$788K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004361	−0.088%	$452K	$603K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004360	−0.111%	$77.7M	$163.4M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004357	−0.170%	$26K	$174K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004362	−0.065%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004358	−0.157%	$4.7M	$11.8M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004360	−0.111%	$23.1M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004359	−0.134%	$17.3M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004359	−0.134%	—	$12.7M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004359	−0.129%	$777K	$181K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004353	−0.265%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004354	−0.255%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004348	−0.386%	$137K	$767K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004363	−0.042%	$90K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004360	−0.109%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004362	−0.065%	$2K	$714K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004359	−0.134%	$719	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004356	−0.203%	$22K	$138K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004359	−0.134%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004361	−0.096%	$3.6M	$3.8M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004359	−0.134%	$72K	$18K	3x	as long as short
01 Exchange PUMPUSD	+0.0112%	1h	0.004365	+0.004%	$6K	$497	10x	as long as short
RISEx PUMP/USDC	+0.0147%	1h	0.004363	−0.043%	$487K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0185%	1h	0.004349	−0.363%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0280%	1h	0.004362	−0.065%	$676K	$5.5M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]short	L +0.0314% / S −0.0232%	1h	0.004360	−0.111%	$67K	—	100x
BloFin PUMP-USDT	+0.0340%	4h	0.004357	−0.180%	$3.4M	$3.8M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004360	−0.113%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0417%	1h	0.004349	−0.358%	$181	$106K	10x	as long as short
Injective PUMP/USDC PERP	+0.0652%	1h	0.004352	−0.294%	$39K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSDlong	+0.0802%	1h	0.004365	long leg	$1.3M	$3.5M	50x