PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0867%/8h= +95.0% APRnext payment +$1.08 per $10,000 · paid last 24h +0.307%

Price spread now: Kraken Futures against Deribit+0.083%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$630.631% of the position

Long on Deribit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.487%+$49 on $10k

Price spread, last 3 days (all we have)−0.051%−$5 · spread now +0.083%, 7d avg +0.036%

Together, before fees+0.435%+$44 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and Kraken Futures is 0.047% dearer against Deribit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.036%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.487% in total (about 25.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.08 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	Deribit PUMP_USDC-PERPETUAL	0.004351	0	get 0.0000% / 1h	23m 40s	$69K	$126K	25x
Short	Kraken Futures PF_PUMPUSD	0.004355	0.0867	get 0.0108% / 1h	23m 40s	$1.3M	$3.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Deribit. 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 DeribitbpFee Kraken FuturesbpOrdersPrice spread, now +0.083%Rate

Funding earned: $182.17
Price spread: +0.083% → +0.036%: $4.68
Slippage, 4 orders: −$46.14
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $123.71
Costs to cover: 0.631%
Break-even: 2.2 days

Slippage from Deribit: live order book, 55 min ago; Kraken Futures: 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 Deribit live order book, 55 min ago	8.06 bp	11.6 bp −$12	22.4 bp −$224	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	4.58 bp	16.5 bp −$17	27.6 bp −$276	482.8 bp −$48.3K	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	−0.0054%	1h	0.004351	+0.008%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004347	−0.092%	$18K	$204K	20x	as long as short
Deribit PUMP_USDC-PERPETUALlong	0.0000%	1h	0.004351	long leg	$69K	$126K	25x
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004349	−0.041%	$54K	—	150x	as long as short
OKX PUMP-USDT-SWAP	+0.0006%	4h	0.004345	−0.138%	$22.8M	$96.4M	50x	as long as short
Orderly PERP_PUMP_USDC	+0.0015%	4h	0.004349	−0.046%	$41K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004345	−0.138%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.172%	$26K	$769K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004346	−0.104%	$42K	—	5x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004344	−0.155%	$724K	$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	0.004347	−0.092%	$454K	$601K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004346	−0.104%	$77.6M	$164.1M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004347	−0.085%	$26K	$163K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004347	−0.092%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004343	−0.184%	$4.7M	$11.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004347	−0.092%	$23.1M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004346	−0.115%	$17.3M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004345	−0.138%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004346	−0.126%	$774K	$182K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004352	+0.026%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004362	+0.249%	$1.2M	$9.8M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004363	+0.276%	$138K	$763K	50x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004348	−0.057%	$1.6M	$2.0M	10x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004352	+0.023%	$94K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004350	−0.030%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004352	+0.023%	$2K	$718K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004349	−0.046%	$279	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004346	−0.115%	$22K	$135K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004348	−0.069%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004346	−0.123%	$3.6M	$3.8M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004348	−0.069%	$72K	$18K	3x	as long as short
Phoenix PUMP	+0.0164%	1h	0.004359	+0.175%	$39K	$100K	10x	as long as short
Injective PUMP/USDC PERP	+0.0182%	1h	0.004367	+0.368%	$38K	$207K	12x	as long as short
Hyperliquid PUMP	+0.0188%	1h	0.004348	−0.069%	$159.9M	$53.1M	10x	as long as short
RISEx PUMP/USDC	+0.0194%	1h	0.004348	−0.069%	$483K	$1.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0224%	1h	0.004350	−0.023%	$6K	$830	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0312%	1h	0.004354	+0.069%	$675K	$5.5M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0321% / S −0.0243%	1h	0.004349	−0.046%	$68K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004350	−0.023%	$3.5M	$4.0M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004348	−0.072%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0425%	1h	0.004360	+0.197%	$181	$106K	10x	as long as short
Kraken Futures PF_PUMPUSDshort	+0.0867%	1h	0.004355	+0.083%	$1.3M	$3.5M	50x