PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0208%/8h= −22.8% APRnext payment −$0.26 per $10,000 · paid last 24h −0.001%

Price spread now: Extended against Coinbase International−0.530%7-day average −0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$360.365% of the position

Long on Coinbase International Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.045%+$5 on $10k

Price spread, last 3 days (all we have)+0.500%+$50 · spread now −0.530%, 7d avg −0.060%

Together, before fees+0.546%+ Points / potential airdropExtended: Active · farm board+$55 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Extended is 0.471% cheaper against Coinbase International than usual: you would sell low and buy high (−$47 if the spread goes back to its 7-day average of −0.060%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.045% in total (about 2.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.26 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	0.004382	0.0312	pay 0.0039% / 1h	34m 20s	$690K	$5.5M	50x
Short	Extended PUMP-USD	0.004359	0.0104	get 0.0013% / 1h	34m 20s	$3.6M	$3.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.530%Rate

Funding earned: −$43.68
Price spread: −0.530% → −0.060%: −$47.08
Slippage, 4 orders: −$21.45
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$127.22
Costs to cover: 0.365%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; Extended: 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 Coinbase International live order book, 5 min ago	5.71 bp	16.3 bp −$16	23.5 bp −$235	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	1.14 bp	3.6 bp −$4	10.2 bp −$102	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	−0.0005%	1h	0.004361	−0.479%	$20K	$9K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0003%	4h	0.004360	−0.502%	$22.8M	$96.5M	50x	as long as short
Perpl PUMP	0.0000%	43m	0.004359	−0.525%	$18K	$203K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004363	−0.434%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004361	−0.471%	$54K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0012%	4h	0.004361	−0.479%	$41K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004359	−0.525%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.871%	$26K	$767K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004360	−0.496%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004358	−0.536%	$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	0.004358	−0.548%	$728K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004360	−0.502%	$456K	$601K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004360	−0.502%	$77.7M	$163.9M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004373	−0.208%	$26K	$169K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004360	−0.502%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004356	−0.593%	$4.7M	$11.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004361	−0.479%	$23.3M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004361	−0.479%	$17.3M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004357	−0.571%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004373	−0.196%	$779K	$181K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004375	−0.149%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004376	−0.132%	$1.2M	$9.8M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004378	−0.091%	$138K	$764K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004361	−0.479%	$97K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004362	−0.449%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004362	−0.456%	$2K	$717K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004373	−0.205%	$281	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004375	−0.160%	$22K	$135K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004372	−0.228%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USDshort	+0.0104%	1h	0.004359	−0.530%	$3.6M	$3.8M	50x
Aevo PUMP-PERP	+0.0104%	1h	0.004360	−0.502%	$72K	$18K	3x	as long as short
Phoenix PUMP	+0.0164%	1h	0.004380	−0.050%	$39K	$100K	10x	as long as short
Injective PUMP/USDC PERP	+0.0182%	1h	0.004381	−0.023%	$39K	$207K	12x	as long as short
RISEx PUMP/USDC	+0.0194%	1h	0.004361	−0.479%	$484K	$1.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0232%	1h	0.004362	−0.456%	$6K	$830	10x	as long as short
Coinbase International PUMP-PERP-INTXlong	+0.0312%	1h	0.004382	long leg	$690K	$5.5M	50x
GMX PUMP/USD [WBTC.b-USDC]	L +0.0320% / S −0.0242%	1h	0.004360	−0.502%	$68K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004372	−0.228%	$3.5M	$4.0M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004358	−0.547%	$2	—	3x	as long as short
Hyperliquid PUMP	+0.0356%	1h	0.004361	−0.479%	$160.6M	$53.0M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0469%	1h	0.004378	−0.093%	$200	$105K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0863%	1h	0.004379	−0.064%	$1.3M	$3.5M	50x	as long as short