PUMP arbitrage explained
Right now Pump.fun (PUMP) trades on 11 venues we scan: 8 perpetual markets, 7 spot markets and 1 DEX pool. The lowest ask is on Bitget perp at $0.0058 and the highest bid on KuCoin perp at $0.005804.
The widest PUMP perpetual spread is between Binance and KuCoin: long PUMP on Binance at $0.0058 and short on KuCoin at $0.005804 for +0.07% gross, or -0.09% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is +0.006% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best PUMP route is to buy spot on Binance and short the perpetual on KuCoin: +0.02% gross, -0.18% net, with +0.030% a day of funding on the short leg.
Spot–spot PUMP arbitrage (buy on Binance, withdraw, deposit and sell on Bybit) shows +0.02% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small PUMP gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: PUMP funding rates · PUMP spread charts · Pump.fun price · arbitrage scanner for all coins.