Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0827%/8h= +90.5% APRpaid last 24h +0.288%

Price spread now: Kraken Futures against SunX+0.064%7-day average +0.044% · you sell dearer than you buy

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

Long on SunX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.215%+$21 on $10k

Price spread, last 3 days (all we have)−0.024%−$2 · spread now +0.064%, 7d avg +0.044%

Together, before fees+0.190%+$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.044%, so right now this pair is about funding alone: +$25 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.215% in total (about 11.2% 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	SunX PUMP-USDT	0.004437	0.0100	pay 0.0050% / 4h	3h 35m	$1K	$727K	20x
Short	Kraken Futures PF_PUMPUSD	0.004440	0.0927	get 0.0116% / 1h	35m 05s	$1.3M	$3.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against SunX. 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 SunXbpFee Kraken FuturesbpOrdersPrice spread, now +0.064%Rate

Funding earned: $173.61
Price spread: +0.064% → +0.044%: $1.98
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $157.59
Costs to cover: 0.180%
Break-even: 0.6 days

Slippage unknown: SunX: live order book, 17 min ago; Kraken Futures: live order book, 4 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 SunX live order book, 17 min ago	500.97 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	5.66 bp	16.8 bp −$17	34.0 bp −$340	455.6 bp −$45.6K	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	−0.0013%	1h	0.004463	+0.589%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004433	−0.090%	$18K	$212K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004434	−0.068%	$70K	$125K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004436	−0.032%	$55K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0046%	4h	0.004436	−0.023%	$42K	$10K	10x	as long as short
OKX PUMP-USDT-SWAP	+0.0060%	4h	0.004432	−0.113%	$23.3M	$99.0M	50x	as long as short
Lighter PUMP	+0.0096%	1h	0.004437	0.000%	$2.9M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.834%	$30K	$787K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004458	+0.484%	$43K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004433	−0.079%	$1.6M	$2.0M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PUMPUSDT	+0.0100%	4h	0.004437	+0.004%	$726K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004460	+0.518%	$466K	$602K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004433	−0.101%	$79.5M	$165.5M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004454	+0.385%	$26K	$168K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004438	+0.023%	$43K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004436	−0.023%	$4.8M	$10.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004439	+0.045%	$23.6M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004433	−0.090%	$17.8M	$19.4M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004436	−0.023%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004433	−0.088%	$789K	$176K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004399	−0.849%	$65K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004401	−0.822%	$1.2M	$10.2M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004424	−0.293%	$139K	$759K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004438	+0.023%	$100K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004435	−0.037%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDTlong	+0.0100%	4h	0.004437	long leg	$1K	$727K	20x
SoDEX PUMP-USD	+0.0100%	1h	0.004435	−0.045%	$278	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004435	−0.045%	$22K	$134K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004436	−0.023%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004432	−0.122%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004432	−0.113%	$71K	$12K	3x	as long as short
01 Exchange PUMPUSD	+0.0216%	1h	0.004438	+0.023%	$6K	$830	10x	as long as short
Phoenix PUMP	+0.0237%	1h	0.004421	−0.352%	$40K	$99K	10x	as long as short
RISEx PUMP/USDC	+0.0297%	1h	0.004439	+0.056%	$483K	$1.0M	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004432	−0.113%	$3.5M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004433	−0.094%	$2	—	3x	as long as short
Hyperliquid PUMP	+0.0348%	1h	0.004442	+0.113%	$163.4M	$53.8M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0350% / S −0.0291%	1h	0.004433	−0.090%	$75K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0352%	1h	0.004438	+0.023%	$692K	$5.7M	50x	as long as short
Injective PUMP/USDC PERP	+0.0480%	1h	0.004471	+0.766%	$39K	$203K	12x	as long as short
Aftermath Perps PUMPUSD	+0.0621%	1h	0.004414	−0.525%	$386	$107K	10x	as long as short
Kraken Futures PF_PUMPUSDshort	+0.0927%	1h	0.004440	+0.064%	$1.3M	$3.5M	50x