PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0683%/8h= −74.8% APRnext payment −$0.85 per $10,000 · paid last 24h −0.256%

Price spread now: Phoenix against Kraken Futures−0.823%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.142%−$14 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Phoenix is 0.823% cheaper against Kraken Futures than usual: you would sell low and buy high (−$82 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.142% in total (about -7.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.85 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	Kraken Futures PF_PUMPUSD	0.004471	0.0920	pay 0.0115% / 1h	17m 22s	$1.3M	$3.5M	50x
Short	Phoenix PUMP	0.004435	0.0237	get 0.0030% / 1h	17m 22s	$40K	$99K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Kraken Futures. 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 Kraken FuturesbpFee PhoenixbpOrdersPrice spread, now −0.823%Rate

Funding earned: −$143.37
Price spread: −0.823% → 0.000%: −$82.28
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$242.65
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 1 min ago; Phoenix: 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 Kraken Futures live order book, 1 min ago	6.77 bp	23.9 bp −$24	48.2 bp −$482	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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
dYdX PUMP-USD	−0.0042%	1h	0.004469	−0.053%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004468	−0.078%	$18K	$204K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004466	−0.123%	$71K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004465	−0.143%	$56K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0053%	4h	0.004466	−0.123%	$42K	$10K	10x	as long as short
OKX PUMP-USDT-SWAP	+0.0083%	4h	0.004465	−0.145%	$23.5M	$98.7M	50x	as long as short
Lighter PUMP	+0.0096%	1h	0.004468	−0.078%	$3.0M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.599%	$28K	$777K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004468	−0.067%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004467	−0.092%	$726K	$2.3M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PUMP	+0.0100%	1h	0.004461	−0.235%	$475K	$627K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004469	−0.065%	$80.3M	$164.0M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004458	−0.306%	$26K	$169K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004471	−0.011%	$43K	$52K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004467	−0.100%	$4.8M	$10.6M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004471	−0.011%	$23.7M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004467	−0.100%	$17.9M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004465	−0.145%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004452	−0.425%	$793K	$172K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004439	−0.736%	$65K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004438	−0.740%	$1.2M	$10.4M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004440	−0.704%	$140K	$759K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004472	+0.011%	$107K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004466	−0.124%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004467	−0.100%	$2K	$725K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004466	−0.123%	$280	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004464	−0.168%	$21K	$135K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004469	−0.056%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004468	−0.087%	$42K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004466	−0.133%	$3.7M	$3.6M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004462	−0.212%	$71K	$12K	3x	as long as short
01 Exchange PUMPUSD	+0.0216%	1h	0.004467	−0.100%	$6K	$830	10x	as long as short
Phoenix PUMPshort	+0.0237%	1h	0.004435	−0.823%	$40K	$99K	10x
RISEx PUMP/USDC	+0.0297%	1h	0.004471	−0.007%	$488K	$1.0M	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004465	−0.145%	$3.6M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004465	−0.149%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0352%	1h	0.004470	−0.033%	$742K	$5.7M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0352% / S −0.0290%	1h	0.004465	−0.145%	$74K	—	100x	as long as short
Injective PUMP/USDC PERP	+0.0480%	1h	0.004476	+0.101%	$39K	$204K	12x	as long as short
Hyperliquid PUMP	+0.0508%	1h	0.004475	+0.078%	$165.3M	$54.2M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0687%	1h	0.004444	−0.619%	$388	$109K	10x	as long as short
Kraken Futures PF_PUMPUSDlong	+0.0920%	1h	0.004471	long leg	$1.3M	$3.5M	50x