Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Phemex+0.131%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1151.150% of the position

Long on Phemex Short on KuCoin

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)−0.086%−$9 · spread now +0.131%, 7d avg +0.058%

Together, before fees−0.078%−$8 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: KuCoin is 0.074% dearer against Phemex than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex PUMPUSDT	0.004569	0.0100	pay 0.0050% / 4h	1h 06m	$1.9M	$3.8M	20x
Short	KuCoin PUMPUSDTM	0.004575	0.0100	get 0.0050% / 4h	1h 06m	$25.1M	$13.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Phemex. 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 PhemexbpFee KuCoinbpOrdersPrice spread, now +0.131%Rate

Funding earned: $0
Price spread: +0.131% → +0.058%: $7.38
Slippage, 4 orders: −$91.02
Fee Phemex: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$107.64
Costs to cover: 1.150%
Break-even: never at this rate

Slippage from Phemex: live order book, 5 min ago; KuCoin: live order book, 5 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 Phemex live order book, 5 min ago	9.82 bp	47.6 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	2.18 bp	19.2 bp −$19	49.8 bp −$498	doesn't fit	doesn't fit

PUMP on 42 exchanges

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	−0.0207%	1h	0.004568	−0.027%	$21K	$12K	5x	as long as short
Gate PUMP_USDT	−0.0078%	4h	0.004568	−0.022%	$4.9M	$9.9M	75x	as long as short
Perpl PUMP	0.0000%	43m	0.004567	−0.044%	$18K	$281K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004577	+0.174%	$55K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004573	+0.088%	$3.0M	$2.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−1.510%	$32K	$595K	20x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004575	+0.131%	$170.3M	$46.4M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004568	−0.022%	$855K	$1.8M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004572	+0.066%	$518K	$844K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004572	+0.066%	$83.2M	$175.3M	75x	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004569	0.000%	$24.9M	$104.6M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004568	−0.028%	$22K	$153K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004572	+0.066%	$51K	$157K	10x	as long as short
KuCoin PUMPUSDTMshort	+0.0100%	4h	0.004575	+0.131%	$25.1M	$13.5M	50x
Bitget PUMPUSDT	+0.0100%	4h	0.004571	+0.044%	$18.1M	$18.9M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004571	+0.044%	—	$14.4M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004571	+0.039%	$834K	$223K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004574	+0.117%	$67K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004577	+0.175%	$1.3M	$10.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004574	+0.109%	$97K	$778K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004570	+0.022%	$86K	$1.9M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004568	−0.022%	$46K	$5K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004571	+0.051%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004570	+0.022%	$2K	$777K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004570	+0.022%	$646	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004565	−0.088%	$21K	$128K	20x	as long as short
Phemex PUMPUSDTlong	+0.0100%	4h	0.004569	long leg	$1.9M	$3.8M	20x
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004572	+0.058%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004571	+0.045%	$3.9M	$3.8M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004571	+0.044%	$68K	$10K	3x	as long as short
Nado PUMP-PERP	+0.0148%	1h	0.004569	+0.011%	$1.6M	$2.1M	10x	as long as short
01 Exchange PUMPUSD	+0.0176%	1h	0.004572	+0.066%	$6K	$333	10x	as long as short
Injective PUMP/USDC PERP	+0.0251%	1h	0.004569	0.000%	$36K	$205K	12x	as long as short
Phoenix PUMP	+0.0298%	1h	0.004581	+0.271%	$45K	$144K	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0306% / S −0.0278%	1h	0.004569	0.000%	$66K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004567	−0.044%	$3.8M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004573	+0.094%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0544%	1h	0.004570	+0.022%	$696K	$6.1M	50x	as long as short
RISEx PUMP/USDC	+0.0558%	1h	0.004571	+0.045%	$573K	$825K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0619%	1h	0.004573	+0.090%	$1.1M	$3.1M	50x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0626%	1h	0.004572	+0.066%	$70K	$100K	25x	as long as short
Aftermath Perps PUMPUSD	+0.0829%	1h	0.004571	+0.037%	$692	$118K	10x	as long as short