PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0221%/8h= −24.2% APRnext payment −$0.28 per $10,000 · paid last 24h −0.031%

Price spread now: Nado against Phoenix−0.114%7-day average −0.082% · 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−$50as in the Price arb table

costs, in and out, $10k−$470.468% of the position

Long on Phoenix Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.078%−$8 on $10k

Price spread, last 4 days (all we have)+0.156%+$16 · spread now −0.114%, 7d avg −0.082%

Together, before fees+0.079%+ Points / potential airdropNado: Active · farm board+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Nado is 0.032% cheaper against Phoenix than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.082%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix PUMP	0.004480	0.0321	pay 0.0040% / 1h	17m 07s	$43K	$103K	10x
Short	Nado PUMP-PERP	0.004474	0.0100	get 0.0012% / 1h	17m 07s	$1.7M	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Phoenix. 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 PhoenixbpFee NadobpOrdersPrice spread, now −0.114%Rate

Funding earned: −$46.45
Price spread: −0.114% → −0.082%: −$3.23
Slippage, 4 orders: −$32.78
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$96.46
Costs to cover: 0.468%
Break-even: never at this rate

Slippage from Phoenix: live order book, 31 min ago; Nado: live order book, 2 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 Phoenix live order book, 31 min ago	2.00 bp	16.2 bp −$16	58.0 bp −$580	doesn't fit	doesn't fit
Sell Nado live order book, 2 min ago	1.11 bp	7.8 bp −$8	21.6 bp −$216	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
Perpl PUMP	−0.0112%	43m	0.004478	−0.036%	$18K	$230K	20x	as long as short
dYdX PUMP-USD	−0.0009%	1h	0.004487	+0.165%	$21K	$9K	5x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004476	−0.080%	$71K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004473	−0.149%	$54K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004475	−0.103%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.777%	$31K	$792K	20x	as long as short
Orderly PERP_PUMP_USDC	+0.0099%	4h	0.004475	−0.103%	$42K	$10K	10x	as long as short
Nado PUMP-PERPshort	+0.0100%	1h	0.004474	−0.114%	$1.7M	$2.0M	10x
Aster PUMPUSDT	+0.0100%	4h	0.004475	−0.109%	$704K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004485	+0.121%	$491K	$783K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PUMPUSDT	+0.0100%	4h	0.004473	−0.145%	$81.4M	$170.6M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004472	−0.170%	$24.3M	$98.4M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004475	−0.100%	$37K	$191K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004483	+0.076%	$61K	$86K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004473	−0.147%	$5.0M	$11.3M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004479	−0.013%	$23.9M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004474	−0.125%	$17.7M	$19.9M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004473	−0.147%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004474	−0.129%	$794K	$189K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004483	+0.074%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004486	+0.143%	$1.3M	$10.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004478	−0.036%	$149K	$751K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004480	+0.009%	$109K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004475	−0.103%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004484	+0.098%	$2K	$754K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004473	−0.147%	$281	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004480	+0.009%	$21K	$119K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004473	−0.147%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004485	+0.118%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004471	−0.192%	$71K	$11K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0191% / S −0.0050%	1h	0.004473	−0.147%	$60K	—	100x	as long as short
Extended PUMP-USD	+0.0272%	1h	0.004471	−0.184%	$3.8M	$4.2M	50x	as long as short
01 Exchange PUMPUSD	+0.0296%	1h	0.004481	+0.031%	$6K	$727	10x	as long as short
Phoenix PUMPlong	+0.0321%	1h	0.004480	long leg	$43K	$103K	10x
BloFin PUMP-USDT	+0.0340%	4h	0.004475	−0.103%	$3.7M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004474	−0.132%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0448%	1h	0.004477	−0.058%	$714K	$6.0M	50x	as long as short
Hyperliquid PUMP	+0.0504%	1h	0.004481	+0.031%	$167.6M	$55.9M	10x	as long as short
RISEx PUMP/USDC	+0.0544%	1h	0.004481	+0.027%	$533K	$994K	10x	as long as short
Aftermath Perps PUMPUSD	+0.0863%	1h	0.004478	−0.042%	$591	$117K	10x	as long as short
Injective PUMP/USDC PERP	+0.0880%	1h	0.004455	−0.549%	$39K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.1337%	1h	0.004475	−0.099%	$1.1M	$3.3M	50x	as long as short