PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0428%/8h= −46.9% APRnext payment −$0.54 per $10,000 · paid last 24h −0.042%

Price spread now: Arcus against Coinbase International−0.420%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$420.421% of the position

Long on Coinbase International Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.032%−$3 on $10k

Price spread, last 4 days (all we have)+0.454%+$45 · spread now −0.420%, 7d avg −0.012%

Together, before fees+0.423%+$42 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Arcus is 0.408% cheaper against Coinbase International than usual: you would sell low and buy high (−$41 if the spread goes back to its 7-day average of −0.012%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.032% in total (about -3.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.54 per $10,000. 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	Coinbase International PUMP-PERP-INTX	0.004527	0.0528	pay 0.0066% / 1h	50m 49s	$725K	$5.7M	50x
Short	Arcus PUMP-USD	0.004508	0.0100	get 0.0013% / 1h	50m 49s	$65K	$95K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Coinbase International. 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 Coinbase InternationalbpFee ArcusbpOrdersPrice spread, now −0.420%Rate

Funding earned: −$89.88
Price spread: −0.420% → −0.012%: −$40.79
Slippage, 4 orders: −$27.55
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$172.72
Costs to cover: 0.421%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Arcus: live order book, 18 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 Coinbase International live order book, 3 min ago	6.65 bp	11.7 bp −$12	16.9 bp −$169	doesn't fit	doesn't fit
Sell Arcus live order book, 18 min ago	4.42 bp	8.0 bp −$8	18.5 bp −$185	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	0.0000%	1h	0.004499	−0.612%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004514	−0.287%	$18K	$257K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004515	−0.268%	$55K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004525	−0.044%	$2.9M	$4.6M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−0.596%	$30K	$627K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004521	−0.137%	$844K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004508	−0.420%	$537K	$886K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004524	−0.066%	$83.2M	$170.2M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004525	−0.044%	$24.8M	$98.8M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004511	−0.342%	$27K	$161K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus PUMP-USDshort	+0.0100%	1h	0.004508	−0.420%	$65K	$95K	10x
Gate PUMP_USDT	+0.0100%	4h	0.004522	−0.110%	$5.0M	$10.4M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004525	−0.044%	$24.5M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004525	−0.044%	$18.1M	$19.0M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004521	−0.133%	—	$14.2M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004524	−0.068%	$814K	$198K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004503	−0.523%	$68K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004506	−0.465%	$1.3M	$10.3M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004504	−0.508%	$152K	$743K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004516	−0.243%	$107K	$2.2M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004520	−0.155%	$43K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004519	−0.181%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004517	−0.221%	$2K	$760K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004521	−0.133%	$284	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004506	−0.464%	$21K	$85K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004523	−0.088%	$2.0M	$3.9M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004521	−0.126%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004520	−0.155%	$67K	$10K	3x	as long as short
Paradex PUMP-USD-PERP	+0.0106%	8h	0.004509	−0.400%	$43K	$276	5x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0272% / S −0.0200%	1h	0.004513	−0.309%	$54K	—	100x	as long as short
Nado PUMP-PERP	+0.0288%	1h	0.004509	−0.387%	$1.6M	$2.1M	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004526	−0.022%	$3.8M	$4.6M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004513	−0.314%	$2	—	3x	as long as short
01 Exchange PUMPUSD	+0.0352%	1h	0.004510	−0.376%	$6K	$600	10x	as long as short
Phoenix PUMP	+0.0405%	1h	0.004507	−0.433%	$47K	$139K	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0414%	1h	0.004521	−0.133%	$70K	$115K	25x	as long as short
Coinbase International PUMP-PERP-INTXlong	+0.0528%	1h	0.004527	long leg	$725K	$5.7M	50x
Kraken Futures PF_PUMPUSD	+0.0546%	1h	0.004523	−0.096%	$1.1M	$3.5M	50x	as long as short
Injective PUMP/USDC PERP	+0.0564%	1h	0.004529	+0.044%	$38K	$204K	12x	as long as short
Hyperliquid PUMP	+0.0597%	1h	0.004533	+0.133%	$169.4M	$51.1M	10x	as long as short
RISEx PUMP/USDC	+0.0764%	1h	0.004510	−0.376%	$549K	$1.0M	10x	as long as short
Aftermath Perps PUMPUSD	+0.1148%	1h	0.004517	−0.216%	$498	$111K	10x	as long as short