PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0205%/8h= −22.4% APRnext payment −$0.26 per $10,000 · paid last 24h +0.144%

Price spread now: Kraken Futures against Aftermath Perps+0.042%7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$840.843% of the position

Long on Aftermath Perps Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.049%+$5 on $10k

Price spread, last 4 days (all we have)−0.382%−$38 · spread now +0.042%, 7d avg −0.012%

Together, before fees−0.333%−$33 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.054% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.042% now, against its 7-day average of −0.012%): +$5 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 21 hours.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.049% in total (about 5.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.26 per $10,000. 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	Aftermath Perps PUMPUSD	0.004555	0.1018	pay 0.0127% / 1h	44m 56s	$504	$111K	10x
Short	Kraken Futures PF_PUMPUSD	0.004557	0.0813	get 0.0102% / 1h	44m 56s	$1.1M	$3.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aftermath Perps. 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 Aftermath PerpsbpFee Kraken FuturesbpOrdersPrice spread, now +0.042%Rate

Funding earned: −$43.01
Price spread: +0.042% → −0.012%: $5.45
Slippage, 4 orders: −$65.3
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$121.86
Costs to cover: 0.843%
Break-even: never at this rate

Slippage from Aftermath Perps: live order book, 54 min ago; Kraken Futures: live order book, 4 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 Aftermath Perps live order book, 54 min ago	5.01 bp	24.5 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	4.39 bp	21.6 bp −$22	35.0 bp −$350	239.5 bp −$23.9K	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	0.004548	−0.155%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004550	−0.116%	$18K	$268K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004551	−0.093%	$55K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004556	+0.015%	$3.0M	$4.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−1.214%	$33K	$660K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004552	−0.063%	$860K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004552	−0.072%	$523K	$884K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004553	−0.043%	$83.3M	$176.3M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004550	−0.116%	$25.0M	$103.8M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004555	+0.004%	$27K	$164K	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	0.004556	+0.015%	$50K	$140K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004554	−0.029%	$4.9M	$9.9M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004556	+0.015%	$24.8M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004554	−0.029%	$17.8M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004552	−0.072%	—	$14.4M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004558	+0.055%	$817K	$214K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004552	−0.062%	$67K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004557	+0.028%	$1.3M	$10.9M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004563	+0.169%	$162K	$747K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004554	−0.029%	$107K	$2.3M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004553	−0.050%	$43K	$2K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004555	−0.003%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004552	−0.072%	$1K	$787K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004554	−0.029%	$257	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004548	−0.160%	$23K	$124K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004552	−0.072%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0103%	8h	0.004555	−0.008%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004552	−0.066%	$3.8M	$3.9M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004551	−0.094%	$67K	$10K	3x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0189%	1h	0.004555	−0.007%	$70K	$116K	25x	as long as short
Hyperliquid PUMP	+0.0280%	1h	0.004560	+0.103%	$170.4M	$51.2M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0274%	1h	0.004551	−0.094%	$65K	—	100x	as long as short
Phoenix PUMP	+0.0332%	1h	0.004550	−0.116%	$44K	$146K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004552	−0.072%	$3.8M	$4.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004551	−0.099%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0344%	1h	0.004582	+0.586%	$38K	$204K	12x	as long as short
01 Exchange PUMPUSD	+0.0392%	1h	0.004557	+0.037%	$6K	$600	10x	as long as short
Nado PUMP-PERP	+0.0427%	1h	0.004554	−0.035%	$1.7M	$2.2M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0544%	1h	0.004558	+0.059%	$740K	$6.2M	50x	as long as short
RISEx PUMP/USDC	+0.0741%	1h	0.004557	+0.048%	$532K	$1.1M	10x	as long as short
Kraken Futures PF_PUMPUSDshort	+0.0813%	1h	0.004557	+0.042%	$1.1M	$3.6M	50x
Aftermath Perps PUMPUSDlong	+0.1018%	1h	0.004555	long leg	$504	$111K	10x