PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0684%/8h= −74.9% APRnext payment −$0.86 per $10,000 · paid last 24h −0.647%

Price spread now: Injective against Kraken Futures+0.199%7-day average −0.142% · you sell dearer than you buy

Net, funding: paid 7d − costs−$267as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$1161.157% of the position

Long on Kraken Futures Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−1.508%−$151 on $10k

Price spread, last 3 days (all we have)−0.341%−$34 · spread now +0.199%, 7d avg −0.142%

Together, before fees−1.849%−$185 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 0.341% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.199% now, against its 7-day average of −0.142%): +$34 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 40 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_PUMPUSD	0.004358	0.0867	pay 0.0108% / 1h	25m 01s	$1.3M	$3.5M	50x
Short	Injective PUMP/USDC PERP	0.004367	0.0182	get 0.0023% / 1h	25m 01s	$38K	$207K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.199%Rate

Funding earned: −$143.7
Price spread: +0.199% → −0.142%: $34.06
Slippage, 4 orders: −$105.73
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$225.38
Costs to cover: 1.157%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; Injective: live order book, 54 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	4.58 bp	21.2 bp −$21	33.5 bp −$335	doesn't fit	doesn't fit
Sell Injective live order book, 54 min ago	12.67 bp	21.9 bp −$22	doesn't fit	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	−0.0037%	1h	0.004359	+0.022%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004351	−0.169%	$18K	$205K	20x	as long as short
OKX PUMP-USDT-SWAP	+0.0001%	4h	0.004349	−0.214%	$22.8M	$96.4M	50x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004353	−0.134%	$54K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0015%	4h	0.004354	−0.100%	$41K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004351	−0.169%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.339%	$26K	$769K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004352	−0.150%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004350	−0.180%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004353	−0.113%	$726K	$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	0.004352	−0.146%	$455K	$601K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004351	−0.171%	$77.6M	$164.0M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004360	+0.036%	$26K	$163K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004351	−0.169%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004351	−0.169%	$4.7M	$11.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004354	−0.100%	$23.1M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004351	−0.169%	$17.3M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004352	−0.146%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004351	−0.171%	$775K	$182K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004359	+0.023%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004362	+0.080%	$1.2M	$9.8M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004363	+0.107%	$138K	$763K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004353	−0.123%	$94K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004354	−0.091%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004352	−0.146%	$2K	$718K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004353	−0.123%	$278	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004348	−0.237%	$22K	$135K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004353	−0.123%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004353	−0.130%	$3.6M	$3.8M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004353	−0.123%	$72K	$18K	3x	as long as short
Phoenix PUMP	+0.0164%	1h	0.004359	+0.006%	$39K	$100K	10x	as long as short
Injective PUMP/USDC PERPshort	+0.0182%	1h	0.004367	+0.199%	$38K	$207K	12x
RISEx PUMP/USDC	+0.0194%	1h	0.004353	−0.128%	$483K	$1.0M	10x	as long as short
Hyperliquid PUMP	+0.0202%	1h	0.004355	−0.077%	$160.2M	$53.2M	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0209%	1h	0.004356	−0.054%	$69K	$126K	25x	as long as short
01 Exchange PUMPUSD	+0.0224%	1h	0.004353	−0.123%	$6K	$830	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0312%	1h	0.004354	−0.100%	$675K	$5.5M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0321% / S −0.0243%	1h	0.004352	−0.146%	$68K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004350	−0.191%	$3.5M	$4.0M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004352	−0.146%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0424%	1h	0.004362	+0.075%	$181	$106K	10x	as long as short
Kraken Futures PF_PUMPUSDlong	+0.0867%	1h	0.004358	long leg	$1.3M	$3.5M	50x