Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0428%/8h= +46.9% APRpaid last 24h +0.042%

Price spread now: Coinbase International against KuCoin−0.418%51s7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$710.709% of the position

Long on KuCoin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 4 days (all we have)+0.332%+$33 · spread now −0.418%, 7d avg −0.028%

Together, before fees+0.323%+$32 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.390% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.418% now, against its 7-day average of −0.028%). If the spread goes back, that is −$39 on $10k: about 3.0 days of funding at the current rate (+$13 a day). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.008% in total (about -0.4% 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	KuCoin PUMPUSDTM	0.004543	0.0100	pay 0.0050% / 4h	1h 48m	$24.6M	$13.9M	50x
Short	Coinbase International PUMP-PERP-INTX	0.004524	0.0528	get 0.0066% / 1h	48m 34s	$730K	$5.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against KuCoin. 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 KuCoinbpFee Coinbase InternationalbpOrdersPrice spread, now −0.418%Rate

Funding earned: $89.88
Price spread: −0.418% → −0.028%: −$39.01
Slippage, 4 orders: −$48.9
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$20.03
Costs to cover: 0.709%
Break-even: 8.6 days

Slippage from KuCoin: live order book, 10 min ago; Coinbase International: live order book, 5 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 KuCoin live order book, 10 min ago	1.10 bp	23.7 bp −$24	60.1 bp −$601	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	6.65 bp	15.7 bp −$16	23.8 bp −$238	doesn't fit	doesn't fit

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	0.004540	−0.062%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004539	−0.088%	$18K	$258K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004518	−0.540%	$56K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004533	−0.220%	$2.9M	$4.7M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−0.947%	$30K	$630K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004539	−0.080%	$848K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004539	−0.088%	$539K	$847K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004540	−0.066%	$83.4M	$170.9M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004539	−0.088%	$24.9M	$99.3M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004517	−0.568%	$27K	$161K	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	0.004542	−0.022%	$66K	$100K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004536	−0.154%	$5.0M	$10.4M	75x	as long as short
KuCoin PUMPUSDTMlong	+0.0100%	4h	0.004543	long leg	$24.6M	$13.9M	50x
Bitget PUMPUSDT	+0.0100%	4h	0.004540	−0.066%	$18.1M	$19.0M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004537	−0.132%	—	$14.2M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004521	−0.493%	$808K	$199K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004503	−0.873%	$68K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004523	−0.437%	$1.3M	$10.3M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004504	−0.858%	$152K	$743K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004542	−0.022%	$108K	$2.2M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004518	−0.550%	$43K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004517	−0.566%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004516	−0.594%	$2K	$761K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004518	−0.550%	$284	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004510	−0.726%	$21K	$85K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004521	−0.484%	$2.0M	$3.9M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004539	−0.082%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004518	−0.550%	$67K	$10K	3x	as long as short
Paradex PUMP-USD-PERP	+0.0106%	8h	0.004535	−0.183%	$43K	$276	5x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0193%	1h	0.004519	−0.528%	$70K	$115K	25x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0273% / S −0.0200%	1h	0.004517	−0.572%	$54K	—	100x	as long as short
Nado PUMP-PERP	+0.0288%	1h	0.004509	−0.737%	$1.6M	$2.1M	10x	as long as short
01 Exchange PUMPUSD	+0.0328%	1h	0.004543	0.000%	$6K	$600	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004520	−0.506%	$3.8M	$4.6M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004540	−0.071%	$2	—	3x	as long as short
Phoenix PUMP	+0.0405%	1h	0.004524	−0.420%	$48K	$139K	10x	as long as short
Coinbase International PUMP-PERP-INTXshort	+0.0528%	1h	0.004524	−0.418%	$730K	$5.7M	50x
Kraken Futures PF_PUMPUSD	+0.0546%	1h	0.004519	−0.535%	$1.1M	$3.5M	50x	as long as short
Injective PUMP/USDC PERP	+0.0564%	1h	0.004529	−0.308%	$38K	$204K	12x	as long as short
Hyperliquid PUMP	+0.0610%	1h	0.004546	+0.066%	$169.9M	$51.1M	10x	as long as short
RISEx PUMP/USDC	+0.0764%	1h	0.004543	0.000%	$553K	$1.0M	10x	as long as short
Aftermath Perps PUMPUSD	+0.1122%	1h	0.004525	−0.389%	$500	$112K	10x	as long as short