PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0763%/8h= −83.5% APRnext payment −$0.95 per $10,000 · paid last 24h −0.280%

Price spread now: ApeX Omni against Kraken Futures−0.663%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$126as in the Price arb table

costs, in and out, $10k−$610.605% of the position

Long on Kraken Futures Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.214%−$21 on $10k

Price spread, last 3 days (all we have)+0.529%+$53 · spread now −0.663%, 7d avg −0.010%

Together, before fees+0.316%+$32 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and ApeX Omni is 0.653% cheaper against Kraken Futures than usual: you would sell low and buy high (−$65 if the spread goes back to its 7-day average of −0.010%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.214% in total (about -11.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.95 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	Kraken Futures PF_PUMPUSD	0.004378	0.0863	pay 0.0108% / 1h	18m 43s	$1.3M	$3.5M	50x
Short	ApeX Omni PUMPUSDT	0.004349	0.0100	get 0.0013% / 1h	18m 43s	$137K	$763K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Kraken Futures. 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 Kraken FuturesbpFee ApeX OmnibpOrdersPrice spread, now −0.663%Rate

Funding earned: −$160.2
Price spread: −0.663% → −0.010%: −$65.29
Slippage, 4 orders: −$40.55
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$286.04
Costs to cover: 0.605%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 5 min ago; ApeX Omni: live order book, 60 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 Kraken Futures live order book, 5 min ago	6.90 bp	21.3 bp −$21	34.1 bp −$341	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 60 min ago	5.75 bp	14.2 bp −$14	105.3 bp −$1,053	doesn't fit	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	−0.0062%	1h	0.004363	−0.343%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004370	−0.183%	$18K	$205K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004373	−0.120%	$54K	—	150x	as long as short
OKX PUMP-USDT-SWAP	+0.0010%	4h	0.004369	−0.206%	$22.9M	$97.0M	50x	as long as short
Orderly PERP_PUMP_USDC	+0.0017%	4h	0.004373	−0.114%	$41K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004368	−0.229%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.782%	$30K	$768K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004366	−0.270%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004370	−0.171%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004370	−0.177%	$729K	$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	0.004368	−0.229%	$456K	$601K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004367	−0.261%	$78.0M	$164.4M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004364	−0.324%	$26K	$165K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004372	−0.137%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004371	−0.160%	$4.7M	$11.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004375	−0.069%	$23.2M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004369	−0.206%	$17.4M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004371	−0.160%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004372	−0.128%	$779K	$182K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004347	−0.707%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004350	−0.640%	$1.2M	$9.8M	10x	as long as short
ApeX Omni PUMPUSDTshort	+0.0100%	1h	0.004349	−0.663%	$137K	$763K	50x
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004376	−0.046%	$95K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004372	−0.127%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004373	−0.114%	$2K	$719K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004372	−0.137%	$278	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004365	−0.297%	$22K	$137K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004372	−0.137%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004370	−0.190%	$3.6M	$3.8M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004371	−0.160%	$72K	$18K	3x	as long as short
Hyperliquid PUMP	+0.0155%	1h	0.004371	−0.160%	$160.8M	$53.2M	10x	as long as short
Phoenix PUMP	+0.0164%	1h	0.004363	−0.345%	$39K	$100K	10x	as long as short
Injective PUMP/USDC PERP	+0.0182%	1h	0.004361	−0.388%	$38K	$207K	12x	as long as short
RISEx PUMP/USDC	+0.0194%	1h	0.004374	−0.081%	$486K	$1.0M	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0207%	1h	0.004375	−0.069%	$69K	$126K	25x	as long as short
01 Exchange PUMPUSD	+0.0224%	1h	0.004375	−0.069%	$6K	$830	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0312%	1h	0.004377	−0.023%	$679K	$5.5M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0322% / S −0.0244%	1h	0.004372	−0.137%	$69K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004372	−0.137%	$3.5M	$4.0M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004370	−0.186%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0449%	1h	0.004360	−0.407%	$181	$106K	10x	as long as short
Kraken Futures PF_PUMPUSDlong	+0.0863%	1h	0.004378	long leg	$1.3M	$3.5M	50x