Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1255%/8h= +137.4% APRpaid last 24h +0.304%

Price spread now: Kraken Futures against Paradex+0.281%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Kraken Futures

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 for this trade now. Funding pays +$38 a day on $10k at the current rate, and Kraken Futures is 0.281% dearer against Paradex than usual: you sell high and buy low: +$28 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex PUMP-USD-PERP	0.004401	0.0101	pay 0.0101% / 8h	5h 03m	$42K	$276	5x
Short	Kraken Futures PF_PUMPUSD	0.004413	0.1356	get 0.0169% / 1h	3m 32s	$1.1M	$3.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Paradex. 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 ParadexbpFee Kraken FuturesbpOrdersPrice spread, now +0.281%Rate

Funding earned: $263.56
Price spread: +0.281% → 0.000%: $28.1
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $277.67
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; Kraken Futures: live order book, 5 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 5 min ago	3.39 bp	14.4 bp −$14	39.2 bp −$392	241.9 bp −$24.2K	doesn't fit

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 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
Perpl PUMP	−0.0112%	43m	0.004405	+0.099%	$18K	$232K	20x	as long as short
dYdX PUMP-USD	−0.0007%	1h	0.004403	+0.056%	$20K	$9K	5x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004408	+0.167%	$70K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004410	+0.201%	$52K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004401	+0.008%	$2.8M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.015%	$31K	$801K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004402	+0.037%	$692K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004402	+0.031%	$478K	$786K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004404	+0.068%	$79.9M	$171.7M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004399	−0.037%	$23.9M	$97.3M	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	0.004422	+0.492%	$36K	$190K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004404	+0.076%	$60K	$86K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004401	+0.008%	$4.8M	$11.4M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004402	+0.031%	$23.5M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004401	+0.008%	$17.5M	$20.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004403	+0.053%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004408	+0.158%	$782K	$193K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004401	+0.005%	$64K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004402	+0.033%	$1.2M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004405	+0.099%	$147K	$751K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004408	+0.167%	$102K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004408	+0.167%	$41K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004408	+0.158%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004411	+0.235%	$1K	$759K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004408	+0.167%	$277	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004402	+0.031%	$21K	$118K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004409	+0.190%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERPlong	+0.0101%	8h	0.004401	long leg	$42K	$276	5x
Aevo PUMP-PERP	+0.0104%	1h	0.004404	+0.076%	$70K	$11K	3x	as long as short
Nado PUMP-PERP	+0.0107%	1h	0.004405	+0.087%	$1.6M	$2.1M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0191% / S −0.0050%	1h	0.004405	+0.099%	$59K	—	100x	as long as short
Extended PUMP-USD	+0.0224%	1h	0.004400	−0.005%	$3.8M	$4.3M	50x	as long as short
01 Exchange PUMPUSD	+0.0288%	1h	0.004407	+0.144%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0321%	1h	0.004441	+0.908%	$43K	$103K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004397	−0.083%	$3.7M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004405	+0.093%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0448%	1h	0.004413	+0.281%	$691K	$5.9M	50x	as long as short
Hyperliquid PUMP	+0.0456%	1h	0.004406	+0.122%	$164.6M	$56.0M	10x	as long as short
RISEx PUMP/USDC	+0.0544%	1h	0.004406	+0.114%	$524K	$1.0M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0879%	1h	0.004428	+0.623%	$585	$116K	10x	as long as short
Injective PUMP/USDC PERP	+0.0880%	1h	0.004439	+0.871%	$39K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSDshort	+0.1356%	1h	0.004413	+0.281%	$1.1M	$3.4M	50x