Funding you earn now, next payment 04:00 UTC+0.0242%/8h= +26.5% APRnext payment +$0.30 per $10,000 · paid last 24h +0.033%
Price spread now: Phoenix against Ondo Perps+0.172%7-day average +0.142% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.101%+$10 on $10k
+Price spread, last 4 days (all we have)+0.565%+$56 · spread now +0.172%, 7d avg +0.142%
=Together, before fees+0.666%+ Points / potential airdropOndo Perps: Active · farm board+$67 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 Phoenix is 0.030% dearer against Ondo Perps than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.142%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.101% in total (about 5.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.30 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 | Ondo Perps PUMP-USD.P | 0.004480 | 0.0100 | pay 0.0013% / 1h | 13m 05s | $32K | $183K | 5x |
| Short | Phoenix PUMP | 0.004488 | 0.0342 | get 0.0043% / 1h | 13m 05s | $46K | $119K | 10x |
Ondo Perps PUMP-USD.P
Phoenix PUMPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Ondo Perps. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $50.81
- Price spread: +0.172% → +0.142%
- $2.99
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $41.8
- Costs to cover
- 0.120%
- Break-even
- 1.2 days
Slippage unknown: Ondo Perps: no order-book sample; Phoenix: live order book, 25 min ago. 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 25 min ago | 2.03 bp | 16.1 bp −$16 | 50.3 bp −$503 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PUMP-USD | −0.2479% | 1h | 0.004486 | +0.129% | $21K | $11K | 5x | as long as short |
| Perpl PUMP | 0.0000% | 43m | 0.004478 | −0.054% | $18K | $242K | 20x | as long as short |
| Deribit PUMP_USDC-PERPETUAL | 0.0000% | 1h | 0.004480 | −0.009% | $71K | $117K | 25x | as long as short |
| gTrade (Gains Network) PUMP/USD | L +0.0003% / S −0.0002% | 1h | 0.004481 | +0.020% | $56K | — | 150x | as long as short |
| Gate PUMP_USDT | +0.0004% | 4h | 0.004478 | −0.054% | $4.9M | $10.6M | 75x | as long as short |
| Lighter PUMP | +0.0096% | 1h | 0.004486 | +0.125% | $2.9M | $4.8M | 10x | as long as short |
| Popdex PUMPUSDT | +0.0096% | 1h | 0.004400 | −1.794% | $30K | $631K | 20x | as long as short |
| Nado PUMP-PERP | +0.0100% | 1h | 0.004480 | −0.009% | $1.6M | $2.0M | 10x | as long as short |
| Aster PUMPUSDT | +0.0100% | 4h | 0.004483 | +0.062% | $716K | $2.2M | 50x | as long as short |
| Pacifica PUMP | +0.0100% | 1h | 0.004486 | +0.125% | $498K | $823K | 10x | as long as short |
dYdX PUMP-USD
Perpl PUMP
Deribit PUMP_USDC-PERPETUAL
gTrade (Gains Network) PUMP/USD
Gate PUMP_USDT
Lighter PUMP
Popdex PUMPUSDT
Nado PUMP-PERP
Aster PUMPUSDT
Pacifica PUMPShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance PUMPUSDT | +0.0100% | 4h | 0.004483 | +0.058% | $81.7M | $167.3M | 75x | as long as short |
| OKX PUMP-USDT-SWAP | +0.0100% | 4h | 0.004482 | +0.036% | $24.5M | $96.2M | 50x | as long as short |
| Ondo Perps PUMP-USD.Plong | +0.0100% | 1h | 0.004480 | long leg | $32K | $183K | 5x | |
| Arcus PUMP-USD | +0.0100% | 1h | 0.004486 | +0.125% | $65K | $101K | 10x | as long as short |
| KuCoin PUMPUSDTM | +0.0100% | 4h | 0.004482 | +0.036% | $24.1M | $13.7M | 50x | as long as short |
| Bitget PUMPUSDT | +0.0100% | 4h | 0.004482 | +0.036% | $17.7M | $19.3M | 75x | as long as short |
| BingX PUMP-USDT | +0.0100% | 4h | 0.004482 | +0.036% | — | $12.7M | — | as long as short |
| Backpack PUMP_USDC_PERP | +0.0100% | 1h | 0.004481 | +0.022% | $799K | $205K | 5x | as long as short |
| edgeX PUMPUSDC | +0.0100% | 4h | 0.004486 | +0.121% | $66K | $3.2M | 20x | as long as short |
| GRVT PUMP_USDT_Perp | +0.0100% | 4h | 0.004483 | +0.059% | $1.3M | $10.2M | 10x | as long as short |
| ApeX Omni PUMPUSDT | +0.0100% | 1h | 0.004490 | +0.214% | $150K | $746K | 50x | as long as short |
| Polymarket Perps PUMP-USD | +0.0100% | 1h | 0.004484 | +0.080% | $108K | $2.1M | 10x | as long as short |
| Orderly PERP_PUMP_USDC | +0.0100% | 4h | 0.004479 | −0.031% | $42K | $11K | 10x | as long as short |
| Derive PUMP-PERP | +0.0100% | 1h | 0.004479 | −0.038% | $5K | $13K | 6.7x | as long as short |
| SunX PUMP-USDT | +0.0100% | 4h | 0.004480 | −0.009% | $2K | $748K | 20x | as long as short |
| SoDEX PUMP-USD | +0.0100% | 1h | 0.004483 | +0.058% | $281 | $7K | 10x | as long as short |
| HTX PUMP-USDT | +0.0100% | 4h | 0.004475 | −0.121% | $21K | $97K | 20x | as long as short |
| Phemex PUMPUSDT | +0.0100% | 4h | 0.004482 | +0.036% | $2.0M | $3.9M | 20x | as long as short |
| Paradex PUMP-USD-PERP | +0.0102% | 8h | 0.004486 | +0.129% | $43K | $276 | 5x | as long as short |
| Aevo PUMP-PERP | +0.0104% | 1h | 0.004478 | −0.054% | $66K | $10K | 3x | as long as short |
| GMX PUMP/USD [WBTC.b-USDC] | L +0.0271% / S −0.0198% | 1h | 0.004479 | −0.031% | $54K | — | 100x | as long as short |
| Extended PUMP-USD | +0.0288% | 1h | 0.004477 | −0.071% | $3.9M | $4.0M | 50x | as long as short |
| BloFin PUMP-USDT | +0.0340% | 4h | 0.004485 | +0.103% | $3.7M | $4.5M | 75x | as long as short |
| Phoenix PUMPshort | +0.0342% | 1h | 0.004488 | +0.172% | $46K | $119K | 10x | |
| Reya PUMPRUSDPERP | +0.0344% | 1h | 0.004480 | −0.014% | $2 | — | 3x | as long as short |
| 01 Exchange PUMPUSD | +0.0344% | 1h | 0.004487 | +0.147% | $6K | $600 | 10x | as long as short |
| Injective PUMP/USDC PERP | +0.0419% | 1h | 0.004496 | +0.348% | $39K | $204K | 12x | as long as short |
| Coinbase International PUMP-PERP-INTX | +0.0472% | 1h | 0.004487 | +0.147% | $725K | $5.8M | 50x | as long as short |
| Hyperliquid PUMP | +0.0528% | 1h | 0.004489 | +0.192% | $168.2M | $51.8M | 10x | as long as short |
| RISEx PUMP/USDC | +0.0638% | 1h | 0.004487 | +0.136% | $533K | $1.0M | 10x | as long as short |
| Kraken Futures PF_PUMPUSD | +0.0654% | 1h | 0.004484 | +0.070% | $1.0M | $3.3M | 50x | as long as short |
| Aftermath Perps PUMPUSD | +0.1030% | 1h | 0.004477 | −0.080% | $519 | $107K | 10x | as long as short |
Binance PUMPUSDT
OKX PUMP-USDT-SWAP
Arcus PUMP-USD
KuCoin PUMPUSDTM
Bitget PUMPUSDT
BingX PUMP-USDT
Backpack PUMP_USDC_PERP
edgeX PUMPUSDC
GRVT PUMP_USDT_Perp
ApeX Omni PUMPUSDT
Polymarket Perps PUMP-USD
Orderly PERP_PUMP_USDC
Derive PUMP-PERP
SunX PUMP-USDT
SoDEX PUMP-USD
HTX PUMP-USDT
Phemex PUMPUSDT
Paradex PUMP-USD-PERP
Aevo PUMP-PERP
GMX PUMP/USD [WBTC.b-USDC]
Extended PUMP-USD
BloFin PUMP-USDT
Reya PUMPRUSDPERP
01 Exchange PUMPUSD
Injective PUMP/USDC PERP
Coinbase International PUMP-PERP-INTX
Hyperliquid PUMP
RISEx PUMP/USDC
Kraken Futures PF_PUMPUSD
Aftermath Perps PUMPUSD