Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0770%/8h= +84.4% APRpaid last 24h +0.129%

Price spread now: Aftermath Perps against KuCoin+0.009%45s7-day average +0.035% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1111.106% of the position

Long on KuCoin Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.356%+$36 on $10k

Price spread, last 4 days (all we have)+2.187%+$219 · spread now +0.009%, 7d avg +0.035%

Together, before fees+2.543%+$254 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aftermath Perps is 0.025% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.009% now, against its 7-day average of +0.035%). If the spread goes back, that is −$3 on $10k: about 3 hours of funding at the current rate (+$23 a day). At the pace of the last 3 days (+0.356% in total) that is about 6 hours. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PUMPUSDTM	0.004491	0.0100	pay 0.0050% / 4h	2h 00m	$23.9M	$14.0M	50x
Short	Aftermath Perps PUMPUSD	0.004491	0.0870	get 0.0109% / 1h	0m 32s	$593	$112K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against KuCoin. 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 KuCoinbpFee Aftermath PerpsbpOrdersPrice spread, now +0.009%Rate

Funding earned: $161.78
Price spread: +0.009% → +0.035%: −$2.55
Slippage, 4 orders: −$89.6
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $48.63
Costs to cover: 1.106%
Break-even: 4.9 days

Slippage from KuCoin: live order book, 3 min ago; Aftermath Perps: live order book, 3 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 KuCoin live order book, 3 min ago	2.22 bp	23.9 bp −$24	63.7 bp −$637	doesn't fit	doesn't fit
Sell Aftermath Perps live order book, 3 min ago	5.11 bp	32.9 bp −$33	doesn't fit	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	−0.3895%	1h	0.004486	−0.109%	$21K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004483	−0.178%	$18K	$214K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004485	−0.134%	$54K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0089%	4h	0.004486	−0.111%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004490	−0.022%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−2.026%	$28K	$778K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004489	−0.049%	$695K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004490	−0.022%	$523K	$717K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004487	−0.094%	$82.0M	$167.1M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004486	−0.111%	$24.4M	$98.5M	50x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004487	−0.091%	$21K	$172K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004488	−0.067%	$41K	$66K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004485	−0.134%	$4.9M	$11.2M	75x	as long as short
KuCoin PUMPUSDTMlong	+0.0100%	4h	0.004491	long leg	$23.9M	$14.0M	50x
Bitget PUMPUSDT	+0.0100%	4h	0.004487	−0.089%	$17.7M	$19.7M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004487	−0.089%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004485	−0.122%	$798K	$186K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004494	+0.056%	$67K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004490	−0.032%	$1.2M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004493	+0.045%	$150K	$751K	50x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004490	−0.011%	$1.7M	$2.0M	10x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004489	−0.045%	$100K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004485	−0.124%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004484	−0.156%	$2K	$742K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004486	−0.111%	$281	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004490	−0.022%	$21K	$116K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004485	−0.134%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004489	−0.053%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004483	−0.178%	$71K	$8K	3x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0196%	1h	0.004487	−0.089%	$71K	$124K	25x	as long as short
Phoenix PUMP	+0.0235%	1h	0.004498	+0.151%	$43K	$103K	10x	as long as short
Extended PUMP-USD	+0.0248%	1h	0.004486	−0.101%	$3.8M	$4.2M	50x	as long as short
01 Exchange PUMPUSD	+0.0320%	1h	0.004491	0.000%	$6K	$727	10x	as long as short
RISEx PUMP/USDC	+0.0322%	1h	0.004490	−0.012%	$530K	$1.0M	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004485	−0.139%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0349% / S −0.0278%	1h	0.004485	−0.134%	$72K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004493	+0.045%	$706K	$5.9M	50x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004511	+0.445%	$39K	$204K	12x	as long as short
Hyperliquid PUMP	+0.0712%	1h	0.004496	+0.111%	$168.5M	$55.4M	10x	as long as short
Aftermath Perps PUMPUSDshort	+0.0870%	1h	0.004491	+0.009%	$593	$112K	10x
Kraken Futures PF_PUMPUSD	+0.1239%	1h	0.004492	+0.028%	$1.4M	$3.1M	50x	as long as short