PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0432%/8h= −47.3% APRnext payment −$0.54 per $10,000 · paid last 24h −0.038%

Price spread now: Popdex against Coinbase International−0.266%7-day average −1.395% · 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+$60as in the Price arb table

costs, in and out, $10k−$530.527% of the position

Long on Coinbase International Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.036%−$4 on $10k

Price spread, last 4 days (all we have)−1.691%−$169 · spread now −0.266%, 7d avg −1.395%

Together, before fees−1.727%−$173 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Popdex is 1.129% dearer against Coinbase International than usual: you sell high and buy low (spread −0.266% now, against its 7-day average of −1.395%): +$113 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 8.7 days. At the pace of the last 4 days (−0.036% in total) that is about 4 months.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.036% in total (about -3.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.54 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	0.004512	0.0528	pay 0.0066% / 1h	56m 20s	$723K	$5.7M	50x
Short	Popdex PUMPUSDT	0.004500	0.0096	get 0.0012% / 1h	56m 20s	$30K	$625K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −0.266%Rate

Funding earned: −$90.72
Price spread: −0.266% → −1.395%: $112.86
Slippage, 4 orders: −$36.26
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$30.52
Costs to cover: 0.527%
Break-even: from the start

Slippage from Coinbase International: live order book, 3 min ago; Popdex: live order book, 53 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, 3 min ago	5.49 bp	12.5 bp −$13	17.8 bp −$178	doesn't fit	doesn't fit
Sell Popdex live order book, 53 min ago	1.11 bp	12.6 bp −$13	doesn't fit	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	0.0000%	1h	0.004510	−0.041%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004515	+0.066%	$18K	$256K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004514	+0.037%	$55K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004518	+0.133%	$2.9M	$4.6M	10x	as long as short
Popdex PUMPUSDTshort	+0.0096%	1h	0.004500	−0.266%	$30K	$625K	20x
Aster PUMPUSDT	+0.0100%	4h	0.004514	+0.044%	$842K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004515	+0.066%	$538K	$886K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004516	+0.089%	$83.1M	$169.8M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004513	+0.022%	$24.8M	$98.4M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004541	+0.652%	$27K	$168K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus PUMP-USD	+0.0100%	1h	0.004520	+0.177%	$65K	$95K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004511	−0.022%	$5.0M	$10.4M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004518	+0.133%	$24.3M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004514	+0.044%	$18.1M	$18.9M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004515	+0.066%	—	$14.1M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004516	+0.098%	$812K	$197K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004536	+0.542%	$67K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004556	+0.975%	$1.3M	$10.3M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004559	+1.042%	$154K	$749K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004518	+0.133%	$108K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004513	+0.022%	$43K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004511	−0.020%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004512	0.000%	$2K	$759K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004512	0.000%	$283	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004512	0.000%	$21K	$85K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004508	−0.089%	$2.0M	$3.9M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004512	+0.007%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004514	+0.044%	$67K	$10K	3x	as long as short
Paradex PUMP-USD-PERP	+0.0106%	8h	0.004520	+0.168%	$43K	$276	5x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0193%	1h	0.004514	+0.044%	$70K	$115K	25x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0272% / S −0.0200%	1h	0.004513	+0.022%	$54K	—	100x	as long as short
Nado PUMP-PERP	+0.0297%	1h	0.004517	+0.122%	$1.6M	$2.1M	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004520	+0.177%	$3.8M	$4.6M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004517	+0.106%	$2	—	3x	as long as short
Phoenix PUMP	+0.0356%	1h	0.004554	+0.937%	$48K	$116K	10x	as long as short
01 Exchange PUMPUSD	+0.0392%	1h	0.004519	+0.155%	$6K	$600	10x	as long as short
Hyperliquid PUMP	+0.0464%	1h	0.004521	+0.199%	$168.9M	$51.1M	10x	as long as short
Coinbase International PUMP-PERP-INTXlong	+0.0528%	1h	0.004512	long leg	$723K	$5.7M	50x
Kraken Futures PF_PUMPUSD	+0.0547%	1h	0.004514	+0.050%	$1.1M	$3.5M	50x	as long as short
Injective PUMP/USDC PERP	+0.0564%	1h	0.004529	+0.377%	$38K	$204K	12x	as long as short
RISEx PUMP/USDC	+0.0764%	1h	0.004520	+0.181%	$540K	$1.0M	10x	as long as short
Aftermath Perps PUMPUSD	+0.1170%	1h	0.004537	+0.556%	$701	$111K	10x	as long as short