Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:12 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.046%

Price spread now: Perpl against KuCoin−0.067%7-day average −0.032% · you buy dearer than you sell

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

Long on KuCoin Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 7 days−0.215%−$21 on $10k

Price spread, last 3 days (all we have)+0.422%+$42 · spread now −0.067%, 7d avg −0.032%

Together, before fees+0.207%+ Points / potential airdropPerpl: Active · farm board+$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Perpl is 0.035% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.032%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PUMPUSDTM	0.004447	0.0100	pay 0.0050% / 4h	3h 28m	$23.5M	$13.9M	50x
Short	Perpl PUMP	0.004444	0	get 0.0000% / 43m	7m 04s	$18K	$209K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl 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 PerplbpOrdersPrice spread, now −0.067%Rate

Funding earned: −$21
Price spread: −0.067% → −0.032%: −$3.52
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$50.32
Costs to cover: 0.258%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 6 min ago; Perpl: 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, 6 min ago	2.25 bp	20.7 bp −$21	55.9 bp −$559	doesn't fit	doesn't fit
Sell Perpl no order-book sample	—	—	—	—	—

Perpl: 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	−0.0010%	1h	0.004450	+0.070%	$20K	$9K	5x	as long as short
Perpl PUMPshort	0.0000%	43m	0.004444	−0.067%	$18K	$209K	20x
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004444	−0.067%	$71K	$125K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004444	−0.075%	$55K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0049%	4h	0.004443	−0.090%	$42K	$10K	10x	as long as short
OKX PUMP-USDT-SWAP	+0.0065%	4h	0.004445	−0.045%	$23.4M	$99.1M	50x	as long as short
Lighter PUMP	+0.0096%	1h	0.004445	−0.045%	$2.9M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.057%	$30K	$786K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004446	−0.011%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004446	−0.019%	$722K	$2.3M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PUMP	+0.0100%	1h	0.004450	+0.067%	$470K	$626K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004445	−0.045%	$79.8M	$165.1M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004428	−0.427%	$26K	$167K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004448	+0.022%	$43K	$52K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004445	−0.045%	$4.8M	$10.6M	75x	as long as short
KuCoin PUMPUSDTMlong	+0.0100%	4h	0.004447	long leg	$23.5M	$13.9M	50x
Bitget PUMPUSDT	+0.0100%	4h	0.004445	−0.045%	$17.8M	$19.3M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004447	0.000%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004444	−0.074%	$791K	$174K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004433	−0.317%	$65K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004432	−0.330%	$1.2M	$10.4M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004433	−0.315%	$140K	$760K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004448	+0.022%	$105K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004443	−0.084%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004445	−0.045%	$1K	$728K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004444	−0.067%	$279	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004444	−0.067%	$21K	$135K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004445	−0.045%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004450	+0.079%	$43K	$37	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004445	−0.055%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004439	−0.180%	$71K	$12K	3x	as long as short
01 Exchange PUMPUSD	+0.0224%	1h	0.004444	−0.067%	$6K	$830	10x	as long as short
Phoenix PUMP	+0.0237%	1h	0.004431	−0.353%	$40K	$99K	10x	as long as short
RISEx PUMP/USDC	+0.0297%	1h	0.004449	+0.034%	$485K	$1.0M	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004434	−0.292%	$3.5M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004444	−0.071%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0349% / S −0.0287%	1h	0.004442	−0.112%	$74K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0352%	1h	0.004456	+0.202%	$695K	$5.7M	50x	as long as short
Hyperliquid PUMP	+0.0422%	1h	0.004450	+0.067%	$163.7M	$54.0M	10x	as long as short
Injective PUMP/USDC PERP	+0.0480%	1h	0.004435	−0.270%	$39K	$203K	12x	as long as short
Aftermath Perps PUMPUSD	+0.0625%	1h	0.004433	−0.311%	$387	$108K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0925%	1h	0.004449	+0.046%	$1.3M	$3.5M	50x	as long as short