Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0098%/8h= +10.7% APRpaid last 24h +0.074%

Price spread now: GMX against KuCoin−0.135%7-day average — · you buy dearer than you sell

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

Long on KuCoin 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

Funding pays, the price is against you. GMX is 0.135% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.135% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 4.6 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PUMPUSDTM	0.004458	0.0100	pay 0.0050% / 4h	3h 46m	$23.8M	$13.8M	50x
Short	GMX PUMP/USD [WBTC.b-USDC]	0.004452	L +0.0270% / S −0.0198%	get 0.0025% / 1h	46m 17s	$53K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.135%Rate

Funding earned: $20.59
Price spread: −0.135% → 0.000%: −$13.46
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$16.87
Costs to cover: 0.240%
Break-even: 12.7 days

Slippage unknown: KuCoin: 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 KuCoin live order book, 3 min ago	1.12 bp	19.0 bp −$19	60.8 bp −$608	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	−0.8574%	1h	0.004453	−0.112%	$20K	$11K	5x	as long as short
Gate PUMP_USDT	−0.0172%	4h	0.004450	−0.179%	$4.9M	$10.4M	75x	as long as short
Perpl PUMP	−0.0112%	43m	0.004451	−0.157%	$18K	$239K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004453	−0.116%	$56K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004456	−0.045%	$2.9M	$4.7M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.301%	$29K	$693K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004454	−0.079%	$1.6M	$2.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004453	−0.104%	$706K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004451	−0.157%	$496K	$822K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004453	−0.118%	$81.2M	$171.2M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004451	−0.157%	$24.3M	$97.7M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004451	−0.164%	$31K	$187K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004452	−0.135%	$62K	$99K	10x	as long as short
KuCoin PUMPUSDTMlong	+0.0100%	4h	0.004458	long leg	$23.8M	$13.8M	50x
Bitget PUMPUSDT	+0.0100%	4h	0.004453	−0.112%	$17.5M	$20.0M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004453	−0.112%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004452	−0.132%	$794K	$209K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004443	−0.342%	$65K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004444	−0.318%	$1.2M	$10.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004447	−0.247%	$147K	$753K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004455	−0.067%	$105K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004453	−0.112%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004453	−0.107%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004448	−0.224%	$2K	$763K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004455	−0.067%	$280	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004450	−0.179%	$21K	$105K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004450	−0.179%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0103%	8h	0.004451	−0.163%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004454	−0.090%	$66K	$13K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]short	L +0.0270% / S −0.0198%	1h	0.004452	−0.135%	$53K	—	100x
Extended PUMP-USD	+0.0304%	1h	0.004454	−0.084%	$3.9M	$4.3M	50x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004455	−0.067%	$3.6M	$4.5M	75x	as long as short
Phoenix PUMP	+0.0342%	1h	0.004443	−0.345%	$42K	$119K	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004454	−0.095%	$2	—	3x	as long as short
01 Exchange PUMPUSD	+0.0360%	1h	0.004453	−0.112%	$6K	$600	10x	as long as short
Injective PUMP/USDC PERP	+0.0419%	1h	0.004459	+0.022%	$38K	$204K	12x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0424%	1h	0.004456	−0.045%	$71K	$122K	25x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0472%	1h	0.004457	−0.022%	$708K	$5.9M	50x	as long as short
Hyperliquid PUMP	+0.0595%	1h	0.004461	+0.067%	$167.2M	$54.4M	10x	as long as short
RISEx PUMP/USDC	+0.0638%	1h	0.004452	−0.123%	$529K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0658%	1h	0.004455	−0.075%	$1.0M	$3.3M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1026%	1h	0.004450	−0.177%	$449	$111K	10x	as long as short