PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.027%

Price spread now: Deribit against Ondo Perps−0.361%7-day average +0.047% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.266%−$27 on $10k

Price spread, last 3 days (all we have)+0.429%+$43 · spread now −0.361%, 7d avg +0.047%

Together, before fees+0.163%+ Points / potential airdropOndo Perps: Active · farm board+$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.408% cheaper against Ondo Perps than usual: you would sell low and buy high (−$41 if the spread goes back to its 7-day average of +0.047%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps PUMP-USD.P	0.004325	0.0100	pay 0.0013% / 1h	54m 22s	$20K	$178K	5x
Short	Deribit PUMP_USDC-PERPETUAL	0.004309	0	get 0.0000% / 1h	54m 22s	$68K	$126K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Ondo Perps. 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 Ondo PerpsbpFee DeribitbpOrdersPrice spread, now −0.361%Rate

Funding earned: −$21
Price spread: −0.361% → +0.047%: −$40.78
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$73.78
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Deribit: live order book, 34 min ago. Net counts fees only.

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Deribit live order book, 34 min ago	9.27 bp	15.0 bp −$15	24.7 bp −$247	doesn't fit	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.5272%	1h	0.004312	−0.291%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0133%	1h	0.004326	+0.021%	$772K	$184K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0058%	4h	0.004304	−0.476%	$22.5M	$94.6M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0014%	4h	0.004306	−0.430%	$40K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004303	−0.499%	$19K	$202K	20x	as long as short
Deribit PUMP_USDC-PERPETUALshort	0.0000%	1h	0.004309	−0.361%	$68K	$126K	25x
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004309	−0.358%	$55K	—	150x	as long as short
01 Exchange PUMPUSD	+0.0024%	1h	0.004317	−0.176%	$6K	$497	10x	as long as short
Lighter PUMP	+0.0080%	1h	0.004312	−0.291%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0080%	1h	0.004300	−0.569%	$29K	$775K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate PUMP_USDT	+0.0098%	4h	0.004307	−0.407%	$4.6M	$11.6M	75x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004303	−0.491%	$41K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004301	−0.534%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004309	−0.361%	$157.7M	$52.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004301	−0.546%	$781K	$2.1M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004311	−0.314%	$448K	$614K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004308	−0.393%	$76.4M	$165.0M	75x	as long as short
Ondo Perps PUMP-USD.Plong	+0.0100%	1h	0.004325	long leg	$20K	$178K	5x
Arcus PUMP-USD	+0.0100%	1h	0.004305	−0.453%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004307	−0.407%	$22.7M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004304	−0.476%	$17.1M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004308	−0.384%	—	$12.9M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004316	−0.199%	$63K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004317	−0.167%	$1.2M	$9.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004318	−0.153%	$136K	$767K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004307	−0.407%	$107K	$1.8M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004308	−0.394%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004309	−0.361%	$1K	$709K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004305	−0.453%	$710	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004303	−0.499%	$21K	$146K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004306	−0.430%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004304	−0.475%	$3.5M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004305	−0.453%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004307	−0.395%	$491K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0167%	1h	0.004322	−0.049%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004313	−0.268%	$654K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0221%	1h	0.004308	−0.384%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004321	−0.083%	$3.4M	$3.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004305	−0.463%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0344%	1h	0.004318	−0.164%	$473	$105K	10x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004327	+0.055%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0689%	1h	0.004309	−0.350%	$1.3M	$3.5M	50x	as long as short