Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0344%/8h= +37.7% APRpaid last 24h +0.293%

Price spread now: Kraken Futures against Binance+0.053%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$530.535% of the position

Long on Binance Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.344%+$34 on $10k

Price spread, last 4 days (all we have)−0.017%−$2 · spread now +0.053%, 7d avg +0.058%

Together, before fees+0.327%+$33 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.058%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PUMPUSDT	0.004528	0.0100	pay 0.0050% / 4h	22m 01s	$82.8M	$172.4M	75x
Short	Kraken Futures PF_PUMPUSD	0.004530	0.0444	get 0.0056% / 1h	22m 01s	$1.1M	$3.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Binance. 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 BinancebpFee Kraken FuturesbpOrdersPrice spread, now +0.053%Rate

Funding earned: $72.28
Price spread: +0.053% → +0.058%: −$0.45
Slippage, 4 orders: −$33.47
Fee Binance: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $18.36
Costs to cover: 0.535%
Break-even: 5.2 days

Slippage from Binance: live order book, 6 min ago; Kraken Futures: live order book, 2 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 Binance live order book, 6 min ago	1.10 bp	9.2 bp −$9	18.2 bp −$182	66.3 bp −$6,630	295.4 bp −$147.7K
Sell Kraken Futures live order book, 2 min ago	6.61 bp	20.5 bp −$21	43.0 bp −$430	248.3 bp −$24.8K	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	0.004538	+0.223%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004532	+0.088%	$18K	$266K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004529	+0.029%	$56K	—	150x	as long as short
Gate PUMP_USDT	+0.0006%	4h	0.004527	−0.022%	$5.0M	$10.2M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004530	+0.044%	$2.9M	$4.6M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−0.618%	$29K	$646K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004530	+0.040%	$845K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004539	+0.243%	$529K	$857K	10x	as long as short
Binance PUMPUSDTlong	+0.0100%	4h	0.004528	long leg	$82.8M	$172.4M	75x
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004526	−0.044%	$25.0M	$99.4M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004524	−0.086%	$27K	$151K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004531	+0.066%	$46K	$125K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004533	+0.110%	$24.6M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004526	−0.044%	$17.8M	$19.0M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004531	+0.066%	—	$14.3M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004527	−0.024%	$812K	$204K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004528	−0.003%	$66K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004527	−0.022%	$1.3M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004527	−0.022%	$153K	$743K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004534	+0.133%	$107K	$2.2M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004528	0.000%	$42K	$2K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004528	−0.006%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004529	+0.022%	$2K	$771K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004529	+0.022%	$252	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004529	+0.022%	$22K	$74K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004530	+0.044%	$1.9M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004536	+0.172%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004526	−0.038%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004526	−0.044%	$67K	$10K	3x	as long as short
Hyperliquid PUMP	+0.0162%	1h	0.004533	+0.110%	$169.1M	$49.6M	10x	as long as short
Nado PUMP-PERP	+0.0168%	1h	0.004532	+0.099%	$1.7M	$2.1M	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0192%	1h	0.004529	+0.022%	$69K	$116K	25x	as long as short
01 Exchange PUMPUSD	+0.0256%	1h	0.004534	+0.133%	$6K	$600	10x	as long as short
Injective PUMP/USDC PERP	+0.0279%	1h	0.004533	+0.110%	$38K	$204K	12x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0274%	1h	0.004528	0.000%	$65K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004534	+0.133%	$3.8M	$4.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004530	+0.039%	$2	—	3x	as long as short
Phoenix PUMP	+0.0410%	1h	0.004532	+0.093%	$47K	$139K	10x	as long as short
Kraken Futures PF_PUMPUSDshort	+0.0444%	1h	0.004530	+0.053%	$1.1M	$3.5M	50x
Coinbase International PUMP-PERP-INTX	+0.0536%	1h	0.004543	+0.331%	$733K	$6.0M	50x	as long as short
RISEx PUMP/USDC	+0.0784%	1h	0.004535	+0.144%	$538K	$1.1M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0901%	1h	0.004528	0.000%	$501	$111K	10x	as long as short