Funding you earn now, next payment 01:00 UTC−0.0312%/8h= −34.2% APRnext payment −$0.39 per $10,000 · paid last 24h −0.021%
Price spread now: Popdex against Coinbase International+0.182%7-day average −1.381% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs+$100as in the Price arb table
costs, in and out, $10k−$570.566% of the position
Funding, last 3 days (all we have)−0.014%−$1 on $10k
+Price spread, last 3 days (all we have)−1.962%−$196 · spread now +0.182%, 7d avg −1.381%
=The price spread pays, funding is against you. Popdex is 1.563% dearer against Coinbase International than usual: you sell high and buy low (spread +0.182% now, against its 7-day average of −1.381%): +$156 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 17 days. At the pace of the last 3 days (−0.014% in total) that is about 13 months.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.014% in total (about -1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.39 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 | 0.004392 | 0.0408 | pay 0.0051% / 1h | 53m 34s | $685K | $5.5M | 50x |
| Short | Popdex PUMPUSDT | 0.004400 | 0.0096 | get 0.0012% / 1h | 53m 34s | $27K | $771K | 20x |
Coinbase International PUMP-PERP-INTX
Popdex PUMPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$65.52
- Price spread: +0.182% → −1.381%
- $156.3
- Slippage, 4 orders
- −$40.22
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- $34.15
- Costs to cover
- 0.566%
- Break-even
- from the start
Slippage from Coinbase International: live order book, 5 min ago; Popdex: live order book, 16 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 | 4.53 bp | 15.6 bp −$16 | 24.5 bp −$245 | doesn't fit | doesn't fit |
| Sell Popdex live order book, 16 min ago | 1.12 bp | 12.3 bp −$12 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni PUMPUSDT | −0.0223% | 1h | 0.004404 | +0.273% | $139K | $759K | 50x | as long as short |
| dYdX PUMP-USD | 0.0000% | 1h | 0.004398 | +0.139% | $20K | $9K | 5x | as long as short |
| Perpl PUMP | 0.0000% | 43m | 0.004385 | −0.159% | $20K | $200K | 20x | as long as short |
| Deribit PUMP_USDC-PERPETUAL | 0.0000% | 1h | 0.004385 | −0.159% | $70K | $124K | 25x | as long as short |
| gTrade (Gains Network) PUMP/USD | L +0.0002% / S −0.0002% | 1h | 0.004384 | −0.187% | $53K | — | 150x | as long as short |
| Orderly PERP_PUMP_USDC | +0.0059% | 4h | 0.004385 | −0.159% | $41K | $10K | 10x | as long as short |
| Lighter PUMP | +0.0096% | 1h | 0.004397 | +0.114% | $2.8M | $5.4M | 10x | as long as short |
| Popdex PUMPUSDTshort | +0.0096% | 1h | 0.004400 | +0.182% | $27K | $771K | 20x | |
| Aster PUMPUSDT | +0.0100% | 4h | 0.004396 | +0.097% | $704K | $2.3M | 50x | as long as short |
| Pacifica PUMP | +0.0100% | 1h | 0.004399 | +0.159% | $475K | $654K | 10x | as long as short |
ApeX Omni PUMPUSDT
dYdX PUMP-USD
Perpl PUMP
Deribit PUMP_USDC-PERPETUAL
gTrade (Gains Network) PUMP/USD
Orderly PERP_PUMP_USDC
Lighter PUMP
Aster PUMPUSDT
Pacifica PUMPShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance PUMPUSDT | +0.0100% | 4h | 0.004403 | +0.249% | $79.0M | $164.5M | 75x | as long as short |
| OKX PUMP-USDT-SWAP | +0.0100% | 4h | 0.004406 | +0.319% | $23.5M | $96.4M | 50x | as long as short |
| Ondo Perps PUMP-USD.P | +0.0100% | 1h | 0.004393 | +0.014% | $26K | $166K | 5x | as long as short |
| Arcus PUMP-USD | +0.0100% | 1h | 0.004402 | +0.228% | $39K | $60K | 10x | as long as short |
| Gate PUMP_USDT | +0.0100% | 4h | 0.004400 | +0.182% | $4.8M | $10.4M | 75x | as long as short |
| KuCoin PUMPUSDTM | +0.0100% | 4h | 0.004399 | +0.159% | $23.4M | $13.9M | 50x | as long as short |
| Bitget PUMPUSDT | +0.0100% | 4h | 0.004402 | +0.228% | $17.6M | $19.2M | 75x | as long as short |
| BingX PUMP-USDT | +0.0100% | 4h | 0.004400 | +0.182% | — | $12.8M | — | as long as short |
| Backpack PUMP_USDC_PERP | +0.0100% | 1h | 0.004391 | −0.018% | $782K | $179K | 5x | as long as short |
| edgeX PUMPUSDC | +0.0100% | 4h | 0.004405 | +0.301% | $65K | $3.1M | 20x | as long as short |
| GRVT PUMP_USDT_Perp | +0.0100% | 4h | 0.004394 | +0.034% | $1.2M | $10.4M | 10x | as long as short |
| Polymarket Perps PUMP-USD | +0.0100% | 1h | 0.004389 | −0.068% | $101K | $2.0M | 10x | as long as short |
| Derive PUMP-PERP | +0.0100% | 1h | 0.004386 | −0.128% | $5K | $13K | 6.7x | as long as short |
| SunX PUMP-USDT | +0.0100% | 4h | 0.004385 | −0.159% | $2K | $732K | 20x | as long as short |
| SoDEX PUMP-USD | +0.0100% | 1h | 0.004388 | −0.091% | $275 | $7K | 10x | as long as short |
| HTX PUMP-USDT | +0.0100% | 4h | 0.004385 | −0.159% | $21K | $117K | 20x | as long as short |
| Phemex PUMPUSDT | +0.0100% | 4h | 0.004387 | −0.114% | $2.0M | $3.9M | 20x | as long as short |
| Paradex PUMP-USD-PERP | +0.0101% | 8h | 0.004399 | +0.157% | $42K | $276 | 5x | as long as short |
| Extended PUMP-USD | +0.0104% | 1h | 0.004401 | +0.216% | $3.7M | $4.1M | 50x | as long as short |
| Aevo PUMP-PERP | +0.0104% | 1h | 0.004387 | −0.114% | $70K | $9K | 3x | as long as short |
| 01 Exchange PUMPUSD | +0.0200% | 1h | 0.004407 | +0.342% | $6K | $727 | 10x | as long as short |
| Nado PUMP-PERP | +0.0206% | 1h | 0.004385 | −0.148% | $1.6M | $2.0M | 10x | as long as short |
| Phoenix PUMP | +0.0237% | 1h | 0.004402 | +0.219% | $39K | $103K | 10x | as long as short |
| RISEx PUMP/USDC | +0.0322% | 1h | 0.004405 | +0.296% | $481K | $995K | 10x | as long as short |
| Hyperliquid PUMP | +0.0334% | 1h | 0.004400 | +0.182% | $161.9M | $53.8M | 10x | as long as short |
| BloFin PUMP-USDT | +0.0340% | 4h | 0.004392 | 0.000% | $3.6M | $4.3M | 75x | as long as short |
| Reya PUMPRUSDPERP | +0.0344% | 1h | 0.004381 | −0.243% | $2 | — | 3x | as long as short |
| GMX PUMP/USD [WBTC.b-USDC] | L +0.0357% / S −0.0297% | 1h | 0.004385 | −0.159% | $73K | — | 100x | as long as short |
| Coinbase International PUMP-PERP-INTXlong | +0.0408% | 1h | 0.004392 | long leg | $685K | $5.5M | 50x | |
| Injective PUMP/USDC PERP | +0.0571% | 1h | 0.004401 | +0.205% | $39K | $203K | 12x | as long as short |
| Aftermath Perps PUMPUSD | +0.0719% | 1h | 0.004416 | +0.550% | $386 | $110K | 10x | as long as short |
| Kraken Futures PF_PUMPUSD | +0.1267% | 1h | 0.004392 | +0.010% | $1.3M | $3.1M | 50x | as long as short |
Binance PUMPUSDT
OKX PUMP-USDT-SWAP
Ondo Perps PUMP-USD.P
Arcus PUMP-USD
Gate PUMP_USDT
KuCoin PUMPUSDTM
Bitget PUMPUSDT
BingX PUMP-USDT
Backpack PUMP_USDC_PERP
edgeX PUMPUSDC
GRVT PUMP_USDT_Perp
Polymarket Perps PUMP-USD
Derive PUMP-PERP
SunX PUMP-USDT
SoDEX PUMP-USD
HTX PUMP-USDT
Phemex PUMPUSDT
Paradex PUMP-USD-PERP
Extended PUMP-USD
Aevo PUMP-PERP
01 Exchange PUMPUSD
Nado PUMP-PERP
Phoenix PUMP
RISEx PUMP/USDC
Hyperliquid PUMP
BloFin PUMP-USDT
Reya PUMPRUSDPERP
GMX PUMP/USD [WBTC.b-USDC]
Injective PUMP/USDC PERP
Aftermath Perps PUMPUSD
Kraken Futures PF_PUMPUSD