Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0518%/8h= −56.7% APRpaid last 24h −0.282%

Price spread now: Paradex against Kraken Futures−0.050%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 Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Paradex is 0.050% cheaper against Kraken Futures than usual: you would sell low and buy high (−$5 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	0.004573	0.0619	pay 0.0077% / 1h	5m 40s	$1.1M	$3.1M	50x
Short	Paradex PUMP-USD-PERP	0.004571	0.0101	get 0.0101% / 8h	5h 05m	$43K	$276	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.050%Rate

Funding earned: −$108.83
Price spread: −0.050% → 0.000%: −$4.98
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$127.81
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 1 min ago; Paradex: 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, 1 min ago	4.37 bp	19.8 bp −$20	34.3 bp −$343	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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 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
dYdX PUMP-USD	−0.0204%	1h	0.004564	−0.196%	$21K	$12K	5x	as long as short
Gate PUMP_USDT	−0.0068%	4h	0.004565	−0.174%	$4.9M	$9.9M	75x	as long as short
Perpl PUMP	0.0000%	43m	0.004567	−0.131%	$18K	$281K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004568	−0.119%	$55K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004571	−0.043%	$3.0M	$2.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−1.596%	$32K	$595K	20x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004573	+0.001%	$170.3M	$46.4M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004566	−0.152%	$855K	$1.8M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004570	−0.065%	$517K	$844K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004569	−0.080%	$83.1M	$175.3M	75x	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004569	−0.087%	$24.9M	$104.6M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004568	−0.115%	$27K	$153K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004570	−0.065%	$51K	$157K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004569	−0.087%	$25.1M	$13.5M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004568	−0.109%	$18.1M	$19.0M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004569	−0.087%	—	$14.4M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004570	−0.069%	$834K	$223K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004574	+0.030%	$67K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004577	+0.088%	$1.3M	$10.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004574	+0.023%	$97K	$778K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004572	−0.021%	$86K	$1.9M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004570	−0.065%	$46K	$5K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004571	−0.036%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004570	−0.065%	$2K	$777K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004569	−0.087%	$646	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004563	−0.218%	$21K	$128K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004568	−0.109%	$1.9M	$3.8M	20x	as long as short
Paradex PUMP-USD-PERPshort	+0.0101%	8h	0.004571	−0.050%	$43K	$276	5x
Extended PUMP-USD	+0.0104%	1h	0.004567	−0.130%	$3.9M	$3.8M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004572	−0.021%	$68K	$10K	3x	as long as short
Nado PUMP-PERP	+0.0150%	1h	0.004568	−0.098%	$1.6M	$2.1M	10x	as long as short
01 Exchange PUMPUSD	+0.0184%	1h	0.004570	−0.065%	$6K	$333	10x	as long as short
Injective PUMP/USDC PERP	+0.0251%	1h	0.004569	−0.087%	$36K	$205K	12x	as long as short
Phoenix PUMP	+0.0298%	1h	0.004581	+0.184%	$45K	$144K	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0305% / S −0.0278%	1h	0.004568	−0.109%	$66K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004567	−0.131%	$3.8M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004568	−0.102%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0544%	1h	0.004571	−0.043%	$695K	$6.1M	50x	as long as short
RISEx PUMP/USDC	+0.0558%	1h	0.004569	−0.077%	$573K	$824K	10x	as long as short
Kraken Futures PF_PUMPUSDlong	+0.0619%	1h	0.004573	long leg	$1.1M	$3.1M	50x
Deribit PUMP_USDC-PERPETUAL	+0.0626%	1h	0.004572	−0.021%	$70K	$100K	25x	as long as short
Aftermath Perps PUMPUSD	+0.0828%	1h	0.004572	−0.029%	$692	$118K	10x	as long as short