PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0095%/8h= −10.4% APRnext payment −$0.12 per $10,000 · paid last 24h +0.003%

Price spread now: Phoenix against Coinbase International−0.018%7-day average +0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$600.600% of the position

Long on Coinbase International Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.099%+$10 on $10k

Price spread, last 4 days (all we have)+0.084%+$8 · spread now −0.018%, 7d avg +0.057%

Together, before fees+0.183%+$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phoenix is 0.075% 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 +0.057%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.099%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International PUMP-PERP-INTX	0.004431	0.0440	pay 0.0055% / 1h	4m 59s	$702K	$5.9M	50x
Short	Phoenix PUMP	0.004430	0.0345	get 0.0043% / 1h	4m 59s	$42K	$120K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.018%Rate

Funding earned: −$19.95
Price spread: −0.018% → +0.057%: −$7.55
Slippage, 4 orders: −$43
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$87.5
Costs to cover: 0.600%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; Phoenix: live order book, 38 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, 4 min ago	5.63 bp	10.6 bp −$11	16.0 bp −$160	doesn't fit	doesn't fit
Sell Phoenix live order book, 38 min ago	2.06 bp	16.2 bp −$16	50.5 bp −$505	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	−0.4602%	1h	0.004425	−0.133%	$20K	$9K	5x	as long as short
Perpl PUMP	−0.0112%	43m	0.004426	−0.113%	$19K	$237K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004422	−0.194%	$53K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004425	−0.135%	$2.8M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.700%	$29K	$781K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004428	−0.056%	$1.6M	$2.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004424	−0.167%	$701K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004426	−0.113%	$496K	$823K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004424	−0.159%	$80.5M	$173.0M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004423	−0.181%	$24.1M	$97.5M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004428	−0.061%	$31K	$192K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004429	−0.045%	$62K	$99K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004421	−0.226%	$4.9M	$11.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004425	−0.135%	$23.6M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004421	−0.226%	$17.4M	$20.0M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004423	−0.181%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004423	−0.181%	$791K	$206K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004432	+0.011%	$65K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004429	−0.046%	$1.2M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004433	+0.045%	$147K	$756K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004429	−0.045%	$103K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004422	−0.203%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004421	−0.215%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004425	−0.135%	$1K	$770K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004423	−0.181%	$278	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004420	−0.248%	$21K	$106K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004424	−0.158%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004428	−0.063%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004421	−0.226%	$66K	$13K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0270% / S −0.0198%	1h	0.004421	−0.226%	$53K	—	100x	as long as short
Extended PUMP-USD	+0.0280%	1h	0.004423	−0.175%	$3.9M	$4.3M	50x	as long as short
01 Exchange PUMPUSD	+0.0280%	1h	0.004430	−0.023%	$6K	$625	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004422	−0.203%	$3.6M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004426	−0.118%	$2	—	3x	as long as short
Phoenix PUMPshort	+0.0345%	1h	0.004430	−0.018%	$42K	$120K	10x
Deribit PUMP_USDC-PERPETUAL	+0.0428%	1h	0.004425	−0.135%	$70K	$122K	25x	as long as short
Coinbase International PUMP-PERP-INTXlong	+0.0440%	1h	0.004431	long leg	$702K	$5.9M	50x
Hyperliquid PUMP	+0.0472%	1h	0.004429	−0.045%	$166.0M	$54.9M	10x	as long as short
RISEx PUMP/USDC	+0.0570%	1h	0.004430	−0.033%	$526K	$1.0M	10x	as long as short
Injective PUMP/USDC PERP	+0.0706%	1h	0.004428	−0.068%	$38K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0801%	1h	0.004424	−0.153%	$1.0M	$3.4M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0997%	1h	0.004429	−0.052%	$585	$112K	10x	as long as short