PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0312%/8h= −34.2% APRnext payment −$0.39 per $10,000 · paid last 24h −0.026%

Price spread now: Deribit against Popdex+2.190%7-day average +1.375% · 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+$18as in the Price arb table

costs, in and out, $10k−$640.639% of the position

Long on Popdex Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.094%−$9 on $10k

Price spread, last 3 days (all we have)−0.109%−$11 · spread now +2.190%, 7d avg +1.375%

Together, before fees−0.203%−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.815% dearer against Popdex than usual: you sell high and buy low (spread +2.190% now, against its 7-day average of +1.375%): +$82 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 8.7 days. At the pace of the last 3 days (−0.094% in total) that is about 29 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.094% in total (about -10.4% 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	Popdex PUMPUSDT	0.004200	0.0096	pay 0.0012% / 1h	48m 06s	$28K	$775K	20x
Short	Deribit PUMP_USDC-PERPETUAL	0.004292	−0.0216	pay 0.0027% / 1h	48m 06s	$68K	$126K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Popdex. 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 PopdexbpFee DeribitbpOrdersPrice spread, now +2.190%Rate

Funding earned: −$65.52
Price spread: +2.190% → +1.375%: $81.54
Slippage, 4 orders: −$50.47
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$47.85
Costs to cover: 0.639%
Break-even: from the start

Slippage from Popdex: live order book, 41 min ago; Deribit: live order book, 40 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 Popdex live order book, 41 min ago	4.64 bp	16.7 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 40 min ago	9.27 bp	15.0 bp −$15	24.7 bp −$247	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	−0.3523%	1h	0.004309	+2.595%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0509%	1h	0.004291	+2.169%	$768K	$184K	5x	as long as short
Deribit PUMP_USDC-PERPETUALshort	−0.0216%	1h	0.004292	+2.190%	$68K	$126K	25x
OKX PUMP-USDT-SWAP	−0.0069%	4h	0.004294	+2.238%	$22.5M	$94.2M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0016%	4h	0.004290	+2.143%	$40K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004299	+2.357%	$19K	$204K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004296	+2.295%	$54K	—	150x	as long as short
Gate PUMP_USDT	+0.0090%	4h	0.004289	+2.119%	$4.6M	$11.6M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004290	+2.143%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDTlong	+0.0096%	1h	0.004200	long leg	$28K	$775K	20x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004300	+2.372%	$41K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004294	+2.250%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004296	+2.286%	$157.1M	$52.4M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004290	+2.142%	$779K	$2.1M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004308	+2.571%	$448K	$611K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004295	+2.265%	$76.2M	$165.0M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004306	+2.517%	$20K	$183K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004299	+2.357%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004292	+2.190%	$22.6M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004294	+2.238%	$16.9M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004292	+2.190%	—	$12.8M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004310	+2.623%	$63K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004300	+2.369%	$1.2M	$9.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004301	+2.405%	$136K	$767K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004300	+2.381%	$107K	$1.8M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004291	+2.172%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004301	+2.405%	$1K	$709K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004289	+2.119%	$707	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004287	+2.071%	$21K	$146K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004287	+2.071%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004295	+2.265%	$3.5M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004290	+2.143%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004300	+2.393%	$490K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004308	+2.574%	$39K	$99K	10x	as long as short
01 Exchange PUMPUSD	+0.0144%	1h	0.004300	+2.381%	$6K	$497	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004293	+2.214%	$651K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0221%	1h	0.004295	+2.262%	$66K	—	100x	as long as short
Aftermath Perps PUMPUSD	+0.0312%	1h	0.004309	+2.585%	$179	$107K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004301	+2.405%	$3.4M	$3.6M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004298	+2.324%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	+2.952%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0692%	1h	0.004294	+2.234%	$1.3M	$3.5M	50x	as long as short