PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0105%/8h= −11.5% APRnext payment −$0.13 per $10,000 · paid last 24h +0.018%

Price spread now: Popdex against Deribit−0.879%7-day average −1.376% · 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−$11as in the Price arb table

costs, in and out, $10k−$610.610% of the position

Long on Deribit Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.094%+$9 on $10k

Price spread, last 4 days (all we have)−1.269%−$127 · spread now −0.879%, 7d avg −1.376%

Together, before fees−1.175%−$117 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Popdex is 0.498% dearer against Deribit than usual: you sell high and buy low (spread −0.879% now, against its 7-day average of −1.376%): +$50 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 16 days. Mind the row above: over the last 4 days funding on this pair paid +0.094%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit PUMP_USDC-PERPETUAL	0.004439	0.0201	pay 0.0025% / 1h	32m 05s	$70K	$122K	25x
Short	Popdex PUMPUSDT	0.004400	0.0096	get 0.0012% / 1h	32m 05s	$29K	$680K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against Deribit. 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 DeribitbpFee PopdexbpOrdersPrice spread, now −0.879%Rate

Funding earned: −$22.05
Price spread: −0.879% → −1.376%: $49.76
Slippage, 4 orders: −$47.64
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$33.33
Costs to cover: 0.610%
Break-even: never at this rate

Slippage from Deribit: live order book, 17 min ago; Popdex: live order book, 22 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 Deribit live order book, 17 min ago	8.98 bp	12.5 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Popdex live order book, 22 min ago	2.25 bp	15.5 bp −$16	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
dYdX PUMP-USD	−0.4157%	1h	0.004442	+0.073%	$20K	$11K	5x	as long as short
Perpl PUMP	−0.0112%	43m	0.004439	0.000%	$18K	$240K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004437	−0.051%	$56K	—	150x	as long as short
Gate PUMP_USDT	+0.0016%	4h	0.004441	+0.045%	$4.9M	$10.5M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004441	+0.045%	$2.9M	$4.8M	10x	as long as short
Popdex PUMPUSDTshort	+0.0096%	1h	0.004400	−0.879%	$29K	$680K	20x
Nado PUMP-PERP	+0.0100%	1h	0.004437	−0.034%	$1.6M	$2.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004444	+0.118%	$711K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004439	0.000%	$493K	$824K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004444	+0.111%	$81.0M	$170.5M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004444	+0.113%	$24.3M	$97.3M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004443	+0.086%	$31K	$187K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004440	+0.023%	$62K	$99K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004441	+0.045%	$23.9M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004445	+0.135%	$17.5M	$19.9M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004445	+0.135%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004443	+0.081%	$792K	$208K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004433	−0.124%	$65K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004437	−0.037%	$1.2M	$10.4M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004435	−0.090%	$147K	$746K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004442	+0.068%	$106K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004437	−0.045%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004437	−0.034%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004437	−0.045%	$2K	$760K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004438	−0.023%	$278	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004433	−0.135%	$21K	$105K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004442	+0.068%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0103%	8h	0.004440	+0.020%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004438	−0.023%	$66K	$13K	3x	as long as short
Deribit PUMP_USDC-PERPETUALlong	+0.0201%	1h	0.004439	long leg	$70K	$122K	25x
GMX PUMP/USD [WBTC.b-USDC]	L +0.0270% / S −0.0198%	1h	0.004437	−0.045%	$53K	—	100x	as long as short
Extended PUMP-USD	+0.0320%	1h	0.004438	−0.018%	$3.9M	$4.3M	50x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004451	+0.270%	$3.7M	$4.5M	75x	as long as short
Phoenix PUMP	+0.0342%	1h	0.004422	−0.383%	$42K	$119K	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004439	−0.006%	$2	—	3x	as long as short
01 Exchange PUMPUSD	+0.0360%	1h	0.004441	+0.045%	$6K	$600	10x	as long as short
Injective PUMP/USDC PERP	+0.0419%	1h	0.004456	+0.383%	$38K	$204K	12x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0472%	1h	0.004448	+0.203%	$710K	$5.8M	50x	as long as short
Hyperliquid PUMP	+0.0541%	1h	0.004450	+0.248%	$166.6M	$53.8M	10x	as long as short
RISEx PUMP/USDC	+0.0638%	1h	0.004441	+0.045%	$528K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0660%	1h	0.004440	+0.026%	$1.0M	$3.3M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1007%	1h	0.004439	−0.003%	$424	$111K	10x	as long as short