Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0641%/8h= +70.2% APRpaid last 24h +0.071%

Price spread now: RISEx against KuCoin+0.261%88s7-day average −0.030% · 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−$490.485% of the position

Long on KuCoin Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.238%+$24 on $10k

Price spread, last 7 days−0.238%−$24 · spread now +0.261%, 7d avg −0.030%

Together, before fees−0.001%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and RISEx is 0.292% dearer against KuCoin than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of −0.030%. The two prices were read 88 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.238% in total (about 23.0% a year). A funding rate is set anew for every payment. 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	KuCoin PUMPUSDTM	0.004590	0.0100	pay 0.0050% / 4h	3h 21m	$25.1M	$13.9M	50x
Short	RISEx PUMP/USDC	0.004602	0.0741	get 0.0093% / 1h	21m 03s	$535K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.261%Rate

Funding earned: $134.67
Price spread: +0.261% → −0.030%: $29.18
Slippage, 4 orders: −$30.52
Fee KuCoin: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: $115.33
Costs to cover: 0.485%
Break-even: 1.0 days

Slippage from KuCoin: live order book, 8 min ago; RISEx: 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, 8 min ago	1.11 bp	19.9 bp −$20	57.8 bp −$578	doesn't fit	doesn't fit
Sell RISEx live order book, 3 min ago	3.26 bp	6.3 bp −$6	15.6 bp −$156	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	−0.0681%	1h	0.004583	−0.147%	$21K	$11K	5x	as long as short
Gate PUMP_USDT	−0.0046%	4h	0.004584	−0.131%	$4.9M	$10.1M	75x	as long as short
Perpl PUMP	0.0000%	43m	0.004589	−0.022%	$18K	$264K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0003%	1h	0.004598	+0.165%	$61K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004589	−0.022%	$3.0M	$4.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−1.961%	$33K	$666K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004585	−0.111%	$856K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004585	−0.109%	$527K	$892K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004586	−0.095%	$83.6M	$177.1M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004581	−0.196%	$25.2M	$105.0M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004592	+0.035%	$27K	$154K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004587	−0.065%	$55K	$145K	10x	as long as short
KuCoin PUMPUSDTMlong	+0.0100%	4h	0.004590	long leg	$25.1M	$13.9M	50x
Bitget PUMPUSDT	+0.0100%	4h	0.004581	−0.196%	$17.9M	$18.9M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004583	−0.153%	—	$14.6M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004586	−0.096%	$824K	$210K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004592	+0.034%	$67K	$3.3M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004597	+0.161%	$1.3M	$10.9M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004601	+0.240%	$164K	$747K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004589	−0.022%	$108K	$2.3M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004587	−0.065%	$43K	$2K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004520	−1.524%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004586	−0.087%	$2K	$790K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004588	−0.044%	$259	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004586	−0.087%	$22K	$126K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004587	−0.065%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004583	−0.160%	$44K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004587	−0.057%	$3.9M	$4.0M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004584	−0.131%	$68K	$10K	3x	as long as short
Hyperliquid PUMP	+0.0113%	1h	0.004591	+0.022%	$171.1M	$50.0M	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0186%	1h	0.004590	0.000%	$70K	$114K	25x	as long as short
Nado PUMP-PERP	+0.0285%	1h	0.004587	−0.054%	$1.7M	$2.2M	10x	as long as short
01 Exchange PUMPUSD	+0.0304%	1h	0.004588	−0.044%	$6K	$600	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0274%	1h	0.004584	−0.131%	$66K	—	100x	as long as short
Phoenix PUMP	+0.0332%	1h	0.004578	−0.264%	$44K	$146K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004585	−0.109%	$3.8M	$4.8M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004589	−0.025%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0344%	1h	0.004582	−0.174%	$38K	$204K	12x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0544%	1h	0.004597	+0.153%	$750K	$6.3M	50x	as long as short
RISEx PUMP/USDCshort	+0.0741%	1h	0.004602	+0.261%	$535K	$1.1M	10x
Kraken Futures PF_PUMPUSD	+0.0807%	1h	0.004591	+0.016%	$1.1M	$3.6M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0986%	1h	0.004567	−0.501%	$505	$108K	10x	as long as short