PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0311%/8h= −34.0% APRnext payment −$0.39 per $10,000 · paid last 24h +0.384%

Price spread now: Kraken Futures against Injective−0.035%63s7-day average +0.116% · you buy dearer than you sell

Net, funding: paid 7d − costs+$40as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1151.147% of the position

Long on Injective Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+1.543%+$154 on $10k

Price spread, last 4 days (all we have)−0.048%−$5 · spread now −0.035%, 7d avg +0.116%

Together, before fees+1.495%+$149 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Kraken Futures is 0.151% cheaper against Injective than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.116%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.543%, so the current rate has only just turned against you. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective PUMP/USDC PERP	0.004520	0.0983	pay 0.0123% / 1h	18m 18s	$37K	$205K	12x
Short	Kraken Futures PF_PUMPUSD	0.004518	0.0672	get 0.0084% / 1h	18m 18s	$1.1M	$3.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Injective. 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 InjectivebpFee Kraken FuturesbpOrdersPrice spread, now −0.035%Rate

Funding earned: −$65.22
Price spread: −0.035% → +0.116%: −$15.11
Slippage, 4 orders: −$104.68
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$195.03
Costs to cover: 1.147%
Break-even: never at this rate

Slippage from Injective: live order book, 33 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 Injective live order book, 33 min ago	12.14 bp	55.8 bp −$56	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	4.43 bp	14.9 bp −$15	25.0 bp −$250	229.0 bp −$22.9K	doesn't fit

PUMP on 41 exchanges

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	−0.1237%	1h	0.004507	−0.285%	$21K	$11K	5x	as long as short
Gate PUMP_USDT	−0.0140%	4h	0.004512	−0.177%	$4.8M	$9.7M	75x	as long as short
Perpl PUMP	0.0000%	43m	0.004515	−0.111%	$18K	$263K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004501	−0.412%	$54K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004517	−0.066%	$2.9M	$2.7M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−0.442%	$37K	$588K	20x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004522	+0.044%	$168.3M	$48.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004514	−0.133%	$836K	$2.1M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004509	−0.243%	$512K	$848K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004516	−0.088%	$82.0M	$173.8M	75x	as long as short

Show all 41 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004514	−0.133%	$24.7M	$101.5M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004513	−0.164%	$27K	$151K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004518	−0.044%	$50K	$152K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004517	−0.066%	$25.0M	$13.7M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004517	−0.066%	$17.7M	$19.0M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004512	−0.177%	—	$14.5M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004500	−0.436%	$812K	$213K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004508	−0.256%	$66K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004506	−0.310%	$1.3M	$10.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004510	−0.221%	$160K	$744K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004521	+0.022%	$107K	$1.8M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004516	−0.088%	$42K	$2K	10x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004515	−0.111%	$2K	$778K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004517	−0.066%	$548	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004502	−0.398%	$23K	$126K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004512	−0.177%	$1.9M	$3.8M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004509	−0.234%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004515	−0.107%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004518	−0.044%	$67K	$10K	3x	as long as short
Nado PUMP-PERP	+0.0216%	1h	0.004518	−0.033%	$1.6M	$2.1M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0301% / S −0.0272%	1h	0.004502	−0.398%	$64K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0320%	1h	0.004520	0.000%	$6K	$465	10x	as long as short
Phoenix PUMP	+0.0331%	1h	0.004516	−0.097%	$44K	$142K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004505	−0.332%	$3.8M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004518	−0.054%	$2	—	3x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0414%	1h	0.004519	−0.022%	$69K	$103K	25x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0552%	1h	0.004521	+0.022%	$699K	$6.1M	50x	as long as short
Kraken Futures PF_PUMPUSDshort	+0.0672%	1h	0.004518	−0.035%	$1.1M	$3.3M	50x
RISEx PUMP/USDC	+0.0683%	1h	0.004518	−0.044%	$567K	$960K	10x	as long as short
Aftermath Perps PUMPUSD	+0.0932%	1h	0.004512	−0.181%	$499	$98K	10x	as long as short
Injective PUMP/USDC PERPlong	+0.0983%	1h	0.004520	long leg	$37K	$205K	12x