PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0348%/8h= −38.1% APRnext payment −$0.43 per $10,000 · paid last 24h −0.024%

Price spread now: Ondo Perps against Coinbase International−0.130%7-day average −0.053% · you buy dearer than you sell

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

Long on Coinbase International Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.053%−$5 · spread now −0.130%, 7d avg −0.053%

Together, before fees−0.048%+ Points / potential airdropOndo Perps: Active · farm board−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Ondo Perps is 0.077% cheaper against Coinbase International than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.053%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.004% in total (about 0.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.43 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	0.004469	0.0448	pay 0.0056% / 1h	12m 07s	$707K	$6.0M	50x
Short	Ondo Perps PUMP-USD.P	0.004463	0.0100	get 0.0013% / 1h	12m 07s	$37K	$191K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpOrdersPrice spread, now −0.130%Rate

Funding earned: −$73.08
Price spread: −0.130% → −0.053%: −$7.71
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$95.79
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 2 min ago; Ondo Perps: no order-book sample. 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 Coinbase International live order book, 2 min ago	5.60 bp	18.5 bp −$18	24.3 bp −$243	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

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
Perpl PUMP	−0.0112%	43m	0.004455	−0.313%	$18K	$230K	20x	as long as short
dYdX PUMP-USD	−0.0008%	1h	0.004461	−0.176%	$20K	$9K	5x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004453	−0.358%	$71K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004453	−0.354%	$54K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004454	−0.336%	$2.8M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.544%	$31K	$789K	20x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004452	−0.380%	$42K	$10K	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004455	−0.313%	$701K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004458	−0.246%	$488K	$783K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004453	−0.352%	$81.0M	$170.6M	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	0.004450	−0.425%	$24.3M	$97.9M	50x	as long as short
Ondo Perps PUMP-USD.Pshort	+0.0100%	1h	0.004463	−0.130%	$37K	$191K	5x
Arcus PUMP-USD	+0.0100%	1h	0.004459	−0.224%	$60K	$86K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004451	−0.403%	$4.9M	$11.3M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004456	−0.291%	$23.7M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004452	−0.380%	$17.7M	$20.0M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004453	−0.358%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004451	−0.398%	$790K	$189K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004478	+0.205%	$65K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004474	+0.107%	$1.2M	$10.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004479	+0.224%	$149K	$751K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004460	−0.201%	$107K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004453	−0.369%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004458	−0.246%	$2K	$755K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004452	−0.380%	$279	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004449	−0.448%	$21K	$118K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004457	−0.269%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004457	−0.276%	$42K	$276	5x	as long as short
Nado PUMP-PERP	+0.0104%	1h	0.004458	−0.235%	$1.7M	$2.0M	10x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004450	−0.425%	$71K	$11K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0191% / S −0.0050%	1h	0.004454	−0.336%	$60K	—	100x	as long as short
Extended PUMP-USD	+0.0264%	1h	0.004451	−0.395%	$3.9M	$4.3M	50x	as long as short
01 Exchange PUMPUSD	+0.0288%	1h	0.004460	−0.201%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0321%	1h	0.004468	−0.022%	$43K	$103K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004461	−0.179%	$3.7M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004455	−0.320%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTXlong	+0.0448%	1h	0.004469	long leg	$707K	$6.0M	50x
Hyperliquid PUMP	+0.0483%	1h	0.004458	−0.246%	$166.7M	$55.9M	10x	as long as short
RISEx PUMP/USDC	+0.0544%	1h	0.004459	−0.215%	$530K	$996K	10x	as long as short
Injective PUMP/USDC PERP	+0.0880%	1h	0.004455	−0.313%	$39K	$204K	12x	as long as short
Aftermath Perps PUMPUSD	+0.0880%	1h	0.004467	−0.040%	$590	$117K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1343%	1h	0.004455	−0.308%	$1.1M	$3.3M	50x	as long as short