Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against KuCoin−0.022%7-day average −0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs−$109as in the Price arb table

costs, in and out, $10k−$1131.125% of the position

Long on KuCoin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 4 days (all we have)−0.015%−$1 · spread now −0.022%, 7d avg −0.054%

Together, before fees−0.022%−$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.032% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PUMPUSDTM	0.004513	0.0100	pay 0.0050% / 4h	1h 29m	$24.4M	$13.9M	50x
Short	Phemex PUMPUSDT	0.004512	0.0100	get 0.0050% / 4h	1h 29m	$2.0M	$3.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.022%Rate

Funding earned: $0
Price spread: −0.022% → −0.054%: $3.23
Slippage, 4 orders: −$88.52
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$109.29
Costs to cover: 1.125%
Break-even: never at this rate

Slippage from KuCoin: live order book, 9 min ago; Phemex: live order book, 4 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, 9 min ago	2.21 bp	21.3 bp −$21	67.1 bp −$671	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	8.84 bp	39.4 bp −$39	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	−0.0010%	1h	0.004508	−0.106%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004507	−0.133%	$19K	$262K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004510	−0.067%	$55K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004511	−0.044%	$2.9M	$4.7M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−0.288%	$33K	$635K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004511	−0.034%	$825K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004510	−0.066%	$535K	$850K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004511	−0.034%	$82.7M	$172.2M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004508	−0.111%	$24.7M	$98.8M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004513	−0.004%	$27K	$161K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus PUMP-USD	+0.0100%	1h	0.004515	+0.044%	$65K	$100K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004507	−0.133%	$5.0M	$10.5M	75x	as long as short
KuCoin PUMPUSDTMlong	+0.0100%	4h	0.004513	long leg	$24.4M	$13.9M	50x
Bitget PUMPUSDT	+0.0100%	4h	0.004508	−0.111%	$17.8M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004511	−0.044%	—	$14.2M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004511	−0.040%	$807K	$201K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004516	+0.078%	$67K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004512	−0.022%	$1.3M	$10.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004528	+0.332%	$153K	$744K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004513	0.000%	$107K	$2.2M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004512	−0.022%	$43K	$6K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004514	+0.012%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004509	−0.089%	$2K	$768K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004510	−0.066%	$283	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004507	−0.133%	$21K	$85K	20x	as long as short
Phemex PUMPUSDTshort	+0.0100%	4h	0.004512	−0.022%	$2.0M	$3.9M	20x
Extended PUMP-USD	+0.0104%	1h	0.004512	−0.013%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004510	−0.066%	$67K	$10K	3x	as long as short
Paradex PUMP-USD-PERP	+0.0105%	8h	0.004513	+0.005%	$43K	$276	5x	as long as short
Nado PUMP-PERP	+0.0190%	1h	0.004513	−0.011%	$1.6M	$2.1M	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0194%	1h	0.004511	−0.044%	$69K	$116K	25x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0272% / S −0.0200%	1h	0.004513	0.000%	$54K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0336%	1h	0.004514	+0.022%	$6K	$600	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004510	−0.066%	$3.8M	$4.6M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004511	−0.049%	$2	—	3x	as long as short
Phoenix PUMP	+0.0405%	1h	0.004524	+0.242%	$48K	$139K	10x	as long as short
Hyperliquid PUMP	+0.0522%	1h	0.004512	−0.022%	$168.5M	$51.5M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0528%	1h	0.004517	+0.089%	$724K	$5.8M	50x	as long as short
Kraken Futures PF_PUMPUSD	+0.0547%	1h	0.004514	+0.025%	$1.1M	$3.5M	50x	as long as short
Injective PUMP/USDC PERP	+0.0564%	1h	0.004525	+0.266%	$38K	$205K	12x	as long as short
RISEx PUMP/USDC	+0.0764%	1h	0.004512	−0.013%	$538K	$1.1M	10x	as long as short
Aftermath Perps PUMPUSD	+0.1082%	1h	0.004520	+0.159%	$500	$112K	10x	as long as short