PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0448%/8h= −49.0% APRnext payment −$0.56 per $10,000 · paid last 24h −0.263%

Price spread now: Coinbase International against Kraken Futures−0.092%7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$530.532% of the position

Long on Kraken Futures Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.215%−$21 on $10k

Price spread, last 3 days (all we have)+0.096%+$10 · spread now −0.092%, 7d avg −0.032%

Together, before fees−0.119%−$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Coinbase International is 0.060% cheaper against Kraken Futures than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.032%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.215% in total (about -11.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.56 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	0.004317	0.0688	pay 0.0086% / 1h	5m 34s	$1.3M	$3.5M	50x
Short	Coinbase International PUMP-PERP-INTX	0.004313	0.0240	get 0.0030% / 1h	5m 34s	$655K	$5.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.092%Rate

Funding earned: −$94.05
Price spread: −0.092% → −0.032%: −$5.99
Slippage, 4 orders: −$33.24
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$153.28
Costs to cover: 0.532%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 3 min ago; Coinbase International: live order book, 3 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, 3 min ago	5.78 bp	12.6 bp −$13	26.4 bp −$264	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	4.62 bp	11.8 bp −$12	17.4 bp −$174	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	−0.5174%	1h	0.004314	−0.076%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0239%	1h	0.004309	−0.182%	$768K	$183K	5x	as long as short
Perpl PUMP	−0.0112%	43m	0.004310	−0.161%	$20K	$206K	20x	as long as short
OKX PUMP-USDT-SWAP	−0.0065%	4h	0.004307	−0.231%	$22.5M	$95.3M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0026%	4h	0.004311	−0.138%	$41K	$10K	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004313	−0.092%	$68K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004312	−0.115%	$54K	—	150x	as long as short
Gate PUMP_USDT	+0.0050%	4h	0.004309	−0.184%	$4.6M	$11.7M	75x	as long as short
01 Exchange PUMPUSD	+0.0080%	1h	0.004311	−0.138%	$6K	$497	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004310	−0.161%	$2.9M	$5.5M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.393%	$29K	$767K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004309	−0.183%	$41K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004308	−0.196%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004315	−0.045%	$158.0M	$52.5M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004311	−0.148%	$777K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004310	−0.161%	$447K	$607K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004308	−0.205%	$76.5M	$163.9M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004319	+0.052%	$25K	$178K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004309	−0.184%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004312	−0.115%	$22.7M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004310	−0.161%	$17.0M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004309	−0.184%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004322	+0.127%	$63K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004322	+0.118%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004316	−0.022%	$136K	$771K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004312	−0.115%	$90K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004312	−0.119%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004313	−0.092%	$2K	$710K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004310	−0.161%	$711	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004318	+0.024%	$21K	$147K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004309	−0.184%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004308	−0.208%	$3.5M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004310	−0.161%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004312	−0.123%	$489K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004325	+0.195%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTXshort	+0.0240%	1h	0.004313	−0.092%	$655K	$5.4M	50x
GMX PUMP/USD [WBTC.b-USDC]	L +0.0308% / S −0.0226%	1h	0.004311	−0.138%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004311	−0.138%	$3.4M	$3.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004308	−0.200%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0346%	1h	0.004323	+0.139%	$180	$106K	10x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	+0.163%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSDlong	+0.0688%	1h	0.004317	long leg	$1.3M	$3.5M	50x