PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0240%/8h= +26.3% APRnext payment +$0.30 per $10,000 · paid last 24h +0.033%

Price spread now: Coinbase International against Deribit+0.253%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$580.576% of the position

Long on Deribit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.250%+$25 on $10k

Price spread, last 3 days (all we have)−0.253%−$25 · spread now +0.253%, 7d avg +0.003%

Together, before fees−0.003%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Coinbase International is 0.250% dearer against Deribit than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit PUMP_USDC-PERPETUAL	0.004346	0	get 0.0000% / 1h	21m 46s	$69K	$126K	25x
Short	Coinbase International PUMP-PERP-INTX	0.004357	0.0240	get 0.0030% / 1h	21m 46s	$662K	$5.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Deribit. 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 DeribitbpFee Coinbase InternationalbpOrdersPrice spread, now +0.253%Rate

Funding earned: $50.4
Price spread: +0.253% → +0.003%: $25.01
Slippage, 4 orders: −$40.56
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $17.85
Costs to cover: 0.576%
Break-even: 4.5 days

Slippage from Deribit: live order book, 2 min ago; Coinbase International: 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 Deribit live order book, 2 min ago	9.19 bp	12.7 bp −$13	22.3 bp −$223	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	4.61 bp	11.8 bp −$12	16.7 bp −$167	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	−0.4410%	1h	0.004346	0.000%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0249%	1h	0.004345	−0.025%	$774K	$183K	5x	as long as short
Perpl PUMP	−0.0112%	43m	0.004345	−0.023%	$20K	$206K	20x	as long as short
OKX PUMP-USDT-SWAP	−0.0066%	4h	0.004343	−0.069%	$22.7M	$96.3M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0020%	4h	0.004345	−0.023%	$41K	$10K	10x	as long as short
Deribit PUMP_USDC-PERPETUALlong	0.0000%	1h	0.004346	long leg	$69K	$126K	25x
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004347	+0.034%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0086%	4h	0.004342	−0.092%	$4.6M	$11.7M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004343	−0.069%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.058%	$29K	$766K	20x	as long as short

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	0.004344	−0.053%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004345	−0.012%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004350	+0.092%	$159.6M	$52.4M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004343	−0.059%	$787K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004345	−0.023%	$450K	$611K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004343	−0.069%	$77.1M	$164.3M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004345	−0.035%	$26K	$179K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004343	−0.069%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004347	+0.023%	$22.9M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004343	−0.069%	$17.1M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004342	−0.092%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004332	−0.332%	$63K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004335	−0.253%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004337	−0.207%	$137K	$769K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004348	+0.046%	$97K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004346	+0.009%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004347	+0.023%	$2K	$709K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004345	−0.023%	$717	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004347	+0.023%	$22K	$148K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004344	−0.046%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004343	−0.069%	$3.6M	$3.7M	50x	as long as short
01 Exchange PUMPUSD	+0.0104%	1h	0.004346	0.000%	$6K	$497	10x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004344	−0.046%	$72K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004345	−0.028%	$493K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004341	−0.106%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTXshort	+0.0240%	1h	0.004357	+0.253%	$662K	$5.5M	50x
GMX PUMP/USD [WBTC.b-USDC]	L +0.0307% / S −0.0224%	1h	0.004346	0.000%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004353	+0.161%	$3.5M	$3.7M	75x	as long as short
Aftermath Perps PUMPUSD	+0.0343%	1h	0.004338	−0.175%	$180	$106K	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004344	−0.039%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	−0.506%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0682%	1h	0.004351	+0.111%	$1.3M	$3.5M	50x	as long as short