Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.1204%/8h= −131.9% APRpaid last 24h −0.311%

Price spread now: Orderly against Kraken Futures−0.138%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$36 a day on $10k at the current rate, and Orderly is 0.138% cheaper against Kraken Futures than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_PUMPUSD	0.004401	0.1264	pay 0.0158% / 1h	45m 45s	$1.3M	$3.1M	50x
Short	Orderly PERP_PUMP_USDC	0.004395	0.0060	get 0.0030% / 4h	2h 45m	$41K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.138%Rate

Funding earned: −$252.88
Price spread: −0.138% → 0.000%: −$13.84
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$282.72
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 3 min ago; Orderly: no order-book sample. Net counts fees only.

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	4.54 bp	25.6 bp −$26	47.6 bp −$476	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0072%	1h	0.004403	+0.050%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004401	−0.002%	$20K	$198K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004396	−0.116%	$70K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004394	−0.162%	$53K	—	150x	as long as short
Orderly PERP_PUMP_USDCshort	+0.0060%	4h	0.004395	−0.138%	$41K	$10K	10x
Lighter PUMP	+0.0096%	1h	0.004397	−0.093%	$2.8M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.025%	$27K	$769K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004398	−0.059%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004397	−0.093%	$698K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004402	+0.021%	$495K	$650K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PUMPUSDT	+0.0100%	4h	0.004396	−0.111%	$78.9M	$164.4M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004395	−0.138%	$23.5M	$96.1M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004405	+0.084%	$26K	$161K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004400	−0.025%	$39K	$60K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004395	−0.138%	$4.8M	$10.4M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004399	−0.047%	$23.3M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004395	−0.138%	$17.4M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004396	−0.116%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004396	−0.109%	$783K	$181K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004409	+0.172%	$64K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004410	+0.209%	$1.2M	$10.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004408	+0.157%	$139K	$759K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004403	+0.043%	$103K	$2.0M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004396	−0.118%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004396	−0.116%	$2K	$731K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004396	−0.116%	$276	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004395	−0.138%	$21K	$117K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004397	−0.093%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004404	+0.075%	$42K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004395	−0.130%	$3.7M	$4.1M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004392	−0.207%	$70K	$9K	3x	as long as short
01 Exchange PUMPUSD	+0.0232%	1h	0.004403	+0.043%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0235%	1h	0.004408	+0.150%	$40K	$103K	10x	as long as short
RISEx PUMP/USDC	+0.0322%	1h	0.004403	+0.032%	$481K	$995K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004407	+0.134%	$3.6M	$4.2M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004398	−0.074%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0359% / S −0.0300%	1h	0.004399	−0.047%	$73K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004401	−0.002%	$701K	$5.5M	50x	as long as short
Hyperliquid PUMP	+0.0443%	1h	0.004401	−0.002%	$162.1M	$54.0M	10x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004417	+0.361%	$39K	$203K	12x	as long as short
Aftermath Perps PUMPUSD	+0.0698%	1h	0.004409	+0.169%	$400	$110K	10x	as long as short
Kraken Futures PF_PUMPUSDlong	+0.1264%	1h	0.004401	long leg	$1.3M	$3.1M	50x