Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0529%/8h= −57.9% APRpaid last 24h −0.283%

Price spread now: HTX against Kraken Futures−0.281%7-day average −0.100% · you buy dearer than you sell

Net, funding: paid 7d − costs−$189as in the Funding arb table

Net, price: spread back to 7d avg − costs−$175as in the Price arb table

costs, in and out, $10k−$1561.565% of the position

Long on Kraken Futures Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.324%−$32 on $10k

Price spread, last 4 days (all we have)+0.148%+$15 · spread now −0.281%, 7d avg −0.100%

Together, before fees−0.176%−$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and HTX is 0.181% cheaper against Kraken Futures than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.100%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.324% in total (about -16.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_PUMPUSD	0.004502	0.0629	pay 0.0079% / 1h	47m 36s	$1.1M	$2.9M	50x
Short	HTX PUMP-USDT	0.004489	0.0100	get 0.0050% / 4h	1h 47m	$23K	$127K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.281%Rate

Funding earned: −$111.07
Price spread: −0.281% → −0.100%: −$18.09
Slippage, 4 orders: −$134.47
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$285.64
Costs to cover: 1.565%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; HTX: live order book, 61 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, 4 min ago	5.52 bp	18.0 bp −$18	31.7 bp −$317	doesn't fit	doesn't fit
Sell HTX live order book, 61 min ago	11.10 bp	101.6 bp −$102	doesn't fit	doesn't fit	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
Gate PUMP_USDT	−0.0082%	4h	0.004494	−0.170%	$4.8M	$9.6M	75x	as long as short
dYdX PUMP-USD	−0.0071%	1h	0.004499	−0.067%	$21K	$12K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004499	−0.059%	$18K	$268K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004499	−0.059%	$69K	$102K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004493	−0.188%	$54K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004501	−0.015%	$2.9M	$2.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−2.258%	$32K	$588K	20x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004506	+0.096%	$167.7M	$47.5M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004490	−0.255%	$841K	$2.1M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004500	−0.037%	$512K	$832K	10x	as long as short

Show all 41 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PUMPUSDT	+0.0100%	4h	0.004493	−0.192%	$81.6M	$171.9M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004494	−0.170%	$24.5M	$100.9M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004513	+0.250%	$17K	$155K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004493	−0.192%	$52K	$155K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004506	+0.096%	$24.9M	$13.5M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004493	−0.192%	$17.7M	$18.6M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004496	−0.126%	—	$14.5M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004500	−0.043%	$813K	$216K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004524	+0.503%	$68K	$3.3M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004529	+0.607%	$1.3M	$10.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004523	+0.474%	$161K	$742K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004496	−0.126%	$107K	$1.8M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004496	−0.126%	$42K	$2K	10x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004497	−0.103%	$1K	$765K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004499	−0.059%	$545	$7K	10x	as long as short
HTX PUMP-USDTshort	+0.0100%	4h	0.004489	−0.281%	$23K	$127K	20x
Phemex PUMPUSDT	+0.0100%	4h	0.004501	−0.015%	$1.9M	$3.8M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004497	−0.092%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004493	−0.192%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004498	−0.081%	$67K	$10K	3x	as long as short
Injective PUMP/USDC PERP	+0.0251%	1h	0.004542	+0.896%	$36K	$205K	12x	as long as short
01 Exchange PUMPUSD	+0.0264%	1h	0.004494	−0.170%	$6K	$333	10x	as long as short
Nado PUMP-PERP	+0.0284%	1h	0.004492	−0.203%	$1.6M	$2.0M	10x	as long as short
Phoenix PUMP	+0.0298%	1h	0.004531	+0.643%	$44K	$144K	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0303% / S −0.0278%	1h	0.004499	−0.059%	$65K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004521	+0.430%	$3.8M	$4.3M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004522	+0.461%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0544%	1h	0.004498	−0.081%	$697K	$5.9M	50x	as long as short
RISEx PUMP/USDC	+0.0558%	1h	0.004496	−0.137%	$569K	$923K	10x	as long as short
Kraken Futures PF_PUMPUSDlong	+0.0629%	1h	0.004502	long leg	$1.1M	$2.9M	50x
Aftermath Perps PUMPUSD	+0.0990%	1h	0.004528	+0.577%	$283	$99K	10x	as long as short