PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0907%/8h= −99.3% APRnext payment −$1.13 per $10,000 · paid last 24h −0.228%

Price spread now: RISEx against Kraken Futures−0.184%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$550.548% of the position

Long on Kraken Futures Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.219%−$22 on $10k

Price spread, last 3 days (all we have)+0.195%+$20 · spread now −0.184%, 7d avg −0.023%

Together, before fees−0.024%−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and RISEx is 0.161% cheaper against Kraken Futures than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.023%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.219% in total (about -22.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.13 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	0.004527	0.1229	pay 0.0154% / 1h	17m 50s	$1.3M	$3.1M	50x
Short	RISEx PUMP/USDC	0.004519	0.0322	get 0.0040% / 1h	17m 50s	$534K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.184%Rate

Funding earned: −$190.45
Price spread: −0.184% → −0.023%: −$16.05
Slippage, 4 orders: −$38.82
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$261.33
Costs to cover: 0.548%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 1 min ago; RISEx: live order book, 1 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, 1 min ago	8.85 bp	21.1 bp −$21	40.2 bp −$402	doesn't fit	doesn't fit
Sell RISEx live order book, 1 min ago	3.32 bp	6.3 bp −$6	14.4 bp −$144	doesn't fit	doesn't fit

PUMP on 41 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	−0.4886%	1h	0.004519	−0.182%	$21K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004516	−0.252%	$18K	$213K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004520	−0.155%	$54K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0077%	4h	0.004522	−0.120%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004525	−0.054%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−0.606%	$30K	$769K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004516	−0.263%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004508	−0.425%	$720K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004522	−0.120%	$525K	$717K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004504	−0.517%	$81.9M	$167.6M	75x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004505	−0.495%	$24.5M	$99.3M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004496	−0.687%	$21K	$171K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004518	−0.208%	$41K	$66K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004501	−0.584%	$4.9M	$11.1M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004507	−0.451%	$24.0M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004504	−0.517%	$17.8M	$19.7M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004502	−0.562%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004509	−0.407%	$802K	$188K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004514	−0.290%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004512	−0.351%	$1.3M	$10.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004515	−0.274%	$150K	$752K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004521	−0.142%	$92K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004522	−0.122%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004519	−0.186%	$2K	$743K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004524	−0.076%	$284	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004519	−0.186%	$22K	$117K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004518	−0.208%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004524	−0.086%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004518	−0.208%	$72K	$8K	3x	as long as short
Extended PUMP-USD	+0.0152%	1h	0.004502	−0.555%	$3.9M	$4.3M	50x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0192%	1h	0.004524	−0.076%	$72K	$124K	25x	as long as short
Phoenix PUMP	+0.0235%	1h	0.004513	−0.325%	$42K	$103K	10x	as long as short
01 Exchange PUMPUSD	+0.0296%	1h	0.004521	−0.142%	$6K	$727	10x	as long as short
RISEx PUMP/USDCshort	+0.0322%	1h	0.004519	−0.184%	$534K	$1.1M	10x
Reya PUMPRUSDPERP	+0.0344%	1h	0.004518	−0.216%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0363% / S −0.0293%	1h	0.004520	−0.164%	$73K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004526	−0.031%	$724K	$5.9M	50x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004513	−0.319%	$39K	$204K	12x	as long as short
Hyperliquid PUMP	+0.0729%	1h	0.004514	−0.296%	$169.2M	$55.4M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0813%	1h	0.004512	−0.341%	$797	$110K	10x	as long as short
Kraken Futures PF_PUMPUSDlong	+0.1229%	1h	0.004527	long leg	$1.3M	$3.1M	50x