Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0691%/8h= −75.6% APRpaid last 24h −0.303%

Price spread now: Paradex against Kraken Futures−0.262%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 Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Paradex is 0.262% cheaper against Kraken Futures than usual: you would sell low and buy high (−$26 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	0.004590	0.0798	pay 0.0100% / 1h	6m 21s	$1.1M	$3.4M	50x
Short	Paradex PUMP-USD-PERP	0.004578	0.0107	get 0.0107% / 8h	2h 06m	$43K	$276	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.262%Rate

Funding earned: −$145.06
Price spread: −0.262% → 0.000%: −$26.17
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$185.23
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 2 min ago; Paradex: 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, 2 min ago	5.52 bp	15.6 bp −$16	39.4 bp −$394	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	−0.0007%	1h	0.004570	−0.435%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004574	−0.351%	$18K	$254K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004577	−0.288%	$56K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004574	−0.351%	$3.0M	$4.7M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−1.964%	$30K	$640K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004578	−0.255%	$836K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004571	−0.417%	$545K	$884K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004581	−0.203%	$84.2M	$168.7M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004587	−0.068%	$24.9M	$99.4M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004539	−1.116%	$27K	$170K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus PUMP-USD	+0.0100%	1h	0.004579	−0.243%	$66K	$95K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004576	−0.308%	$5.1M	$10.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004582	−0.177%	$25.0M	$13.7M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004587	−0.068%	$18.4M	$18.8M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004578	−0.264%	—	$14.0M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004566	−0.530%	$821K	$197K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004520	−1.533%	$67K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004517	−1.592%	$1.3M	$10.3M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004523	−1.463%	$153K	$749K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004582	−0.177%	$114K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004587	−0.068%	$43K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004586	−0.099%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004584	−0.134%	$2K	$753K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004587	−0.068%	$288	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004547	−0.940%	$22K	$94K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004563	−0.591%	$2.0M	$3.9M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004586	−0.085%	$3.9M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004584	−0.134%	$68K	$10K	3x	as long as short
Paradex PUMP-USD-PERPshort	+0.0107%	8h	0.004578	−0.262%	$43K	$276	5x
Nado PUMP-PERP	+0.0125%	1h	0.004580	−0.210%	$1.7M	$2.1M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0273% / S −0.0200%	1h	0.004575	−0.330%	$55K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004566	−0.526%	$3.8M	$4.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004576	−0.313%	$2	—	3x	as long as short
01 Exchange PUMPUSD	+0.0344%	1h	0.004577	−0.286%	$6K	$600	10x	as long as short
Phoenix PUMP	+0.0356%	1h	0.004523	−1.458%	$48K	$119K	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0404%	1h	0.004588	−0.046%	$71K	$115K	25x	as long as short
Hyperliquid PUMP	+0.0453%	1h	0.004583	−0.155%	$171.0M	$50.4M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0480%	1h	0.004564	−0.569%	$746K	$5.7M	50x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004547	−0.940%	$38K	$204K	12x	as long as short
RISEx PUMP/USDC	+0.0682%	1h	0.004577	−0.275%	$544K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSDlong	+0.0798%	1h	0.004590	long leg	$1.1M	$3.4M	50x
Aftermath Perps PUMPUSD	+0.1092%	1h	0.004529	−1.322%	$724	$112K	10x	as long as short