PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0221%/8h= −24.2% APRnext payment −$0.28 per $10,000 · paid last 24h −0.048%

Price spread now: Nado against Coinbase International−0.120%45s7-day average −0.031% · 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—prices read too far apart to compare

costs, in and out, $10k−$420.420% of the position

Long on Coinbase International Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.050%−$5 on $10k

Price spread, last 4 days (all we have)+0.063%+$6 · spread now −0.120%, 7d avg −0.031%

Together, before fees+0.013%+ Points / potential airdropNado: Active · farm board+$1 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 0.089% cheaper against Coinbase International than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.031%). Swap the legs. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.050% in total (about -5.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.28 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	0.004580	0.0552	pay 0.0069% / 1h	58m 30s	$745K	$6.2M	50x
Short	Nado PUMP-PERP	0.004574	0.0331	get 0.0041% / 1h	58m 30s	$1.7M	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 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 Coinbase InternationalbpFee NadobpOrdersPrice spread, now −0.120%Rate

Funding earned: −$46.4
Price spread: −0.120% → −0.031%: −$8.91
Slippage, 4 orders: −$24.99
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$97.3
Costs to cover: 0.420%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; Nado: live order book, 5 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	5.44 bp	14.4 bp −$14	20.1 bp −$201	doesn't fit	doesn't fit
Sell Nado live order book, 5 min ago	2.18 bp	8.0 bp −$8	19.8 bp −$198	doesn't fit	doesn't fit

PUMP on 41 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	−0.8483%	1h	0.004571	−0.202%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004573	−0.153%	$18K	$258K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0003%	1h	0.004583	+0.059%	$61K	—	150x	as long as short
Gate PUMP_USDT	+0.0048%	4h	0.004569	−0.240%	$4.9M	$9.6M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004574	−0.131%	$3.0M	$2.7M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−1.747%	$30K	$670K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004571	−0.201%	$863K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004573	−0.153%	$520K	$860K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004572	−0.175%	$83.4M	$175.6M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004570	−0.218%	$25.2M	$103.0M	50x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004572	−0.179%	$27K	$154K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004577	−0.066%	$51K	$152K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004574	−0.131%	$25.1M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004572	−0.175%	$18.1M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004570	−0.218%	—	$14.5M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004577	−0.057%	$820K	$209K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004579	−0.014%	$67K	$3.3M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004577	−0.066%	$1.3M	$10.9M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004580	0.000%	$163K	$744K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004577	−0.066%	$107K	$2.2M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004571	−0.197%	$43K	$2K	10x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004575	−0.109%	$2K	$785K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004577	−0.066%	$297	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004573	−0.153%	$22K	$126K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004575	−0.109%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004574	−0.127%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004573	−0.148%	$3.9M	$4.0M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004576	−0.087%	$68K	$10K	3x	as long as short
Hyperliquid PUMP	+0.0130%	1h	0.004578	−0.044%	$170.4M	$49.8M	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0187%	1h	0.004578	−0.044%	$70K	$109K	25x	as long as short
01 Exchange PUMPUSD	+0.0216%	1h	0.004578	−0.044%	$6K	$600	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0274%	1h	0.004576	−0.087%	$66K	—	100x	as long as short
Nado PUMP-PERPshort	+0.0331%	1h	0.004574	−0.120%	$1.7M	$2.1M	10x
Phoenix PUMP	+0.0332%	1h	0.004587	+0.155%	$45K	$141K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004574	−0.131%	$3.8M	$4.8M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004576	−0.095%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTXlong	+0.0552%	1h	0.004580	long leg	$745K	$6.2M	50x
Kraken Futures PF_PUMPUSD	+0.0663%	1h	0.004581	+0.016%	$1.1M	$3.5M	50x	as long as short
RISEx PUMP/USDC	+0.0683%	1h	0.004577	−0.061%	$589K	$1.1M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0960%	1h	0.004582	+0.036%	$507	$103K	10x	as long as short
Injective PUMP/USDC PERP	+0.0983%	1h	0.004582	+0.044%	$38K	$204K	12x	as long as short