Funding you earn now, next payment 03:00 UTC−0.0245%/8h= −26.8% APRpaid last 24h −0.032%
Price spread now: Bitget against Phoenix+1.150%79s7-day average −0.115% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$590.592% of the position
Funding, last 7 days−0.083%−$8 on $10k
+Price spread, last 4 days (all we have)−2.002%−$200 · spread now +1.150%, 7d avg −0.115%
=The price spread pays, funding is against you. Bitget is 1.265% dearer against Phoenix than usual: you sell high and buy low (spread +1.150% now, against its 7-day average of −0.115%): +$126 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 17 days. At the pace of the last 7 days (−0.083% in total) that is about 4 months. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.083% in total (about -4.3% a year). A funding rate is set anew for every payment. 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 | Phoenix PUMP | 0.004374 | 0.0345 | pay 0.0043% / 1h | 32m 13s | $42K | $120K | 10x |
| Short | Bitget PUMPUSDT | 0.004424 | 0.0100 | get 0.0050% / 4h | 32m 13s | $17.7M | $20.1M | 75x |
Phoenix PUMP
Bitget PUMPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Phoenix. 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
- −$51.45
- Price spread: +1.150% → −0.115%
- $126.49
- Slippage, 4 orders
- −$40.24
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $15.8
- Costs to cover
- 0.592%
- Break-even
- from the start
Slippage from Phoenix: live order book, 11 min ago; Bitget: 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 Phoenix live order book, 11 min ago | 2.06 bp | 16.1 bp −$16 | 58.2 bp −$582 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 2.28 bp | 11.2 bp −$11 | 26.6 bp −$266 | 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 | −0.0001% | 1h | 0.004401 | +0.629% | $20K | $9K | 5x | as long as short |
| Perpl PUMP | 0.0000% | 43m | 0.004421 | +1.081% | $19K | $235K | 20x | as long as short |
| gTrade (Gains Network) PUMP/USD | L +0.0003% / S −0.0002% | 1h | 0.004423 | +1.136% | $56K | — | 150x | as long as short |
| Backpack PUMP_USDC_PERP | +0.0015% | 1h | 0.004426 | +1.191% | $784K | $200K | 5x | as long as short |
| Lighter PUMP | +0.0096% | 1h | 0.004422 | +1.104% | $2.8M | $5.4M | 10x | as long as short |
| Popdex PUMPUSDT | +0.0096% | 1h | 0.004400 | +0.601% | $28K | $823K | 20x | as long as short |
| Nado PUMP-PERP | +0.0100% | 1h | 0.004421 | +1.081% | $1.6M | $2.1M | 10x | as long as short |
| Aster PUMPUSDT | +0.0100% | 4h | 0.004426 | +1.193% | $703K | $2.4M | 50x | as long as short |
| Pacifica PUMP | +0.0100% | 1h | 0.004401 | +0.624% | $491K | $821K | 10x | as long as short |
| Binance PUMPUSDT | +0.0100% | 4h | 0.004421 | +1.081% | $80.5M | $173.8M | 75x | as long as short |
dYdX PUMP-USD
Perpl PUMP
gTrade (Gains Network) PUMP/USD
Backpack PUMP_USDC_PERP
Lighter PUMP
Popdex PUMPUSDT
Nado PUMP-PERP
Aster PUMPUSDT
Pacifica PUMP
Binance PUMPUSDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX PUMP-USDT-SWAP | +0.0100% | 4h | 0.004425 | +1.173% | $24.0M | $98.0M | 50x | as long as short |
| Ondo Perps PUMP-USD.P | +0.0100% | 1h | 0.004370 | −0.094% | $36K | $181K | 5x | as long as short |
| Arcus PUMP-USD | +0.0100% | 1h | 0.004409 | +0.807% | $62K | $102K | 10x | as long as short |
| Gate PUMP_USDT | +0.0100% | 4h | 0.004423 | +1.127% | $4.9M | $11.3M | 75x | as long as short |
| KuCoin PUMPUSDTM | +0.0100% | 4h | 0.004426 | +1.196% | $23.7M | $13.9M | 50x | as long as short |
| Bitget PUMPUSDTshort | +0.0100% | 4h | 0.004424 | +1.150% | $17.7M | $20.1M | 75x | |
| BingX PUMP-USDT | +0.0100% | 4h | 0.004423 | +1.127% | — | $13.0M | — | as long as short |
| edgeX PUMPUSDC | +0.0100% | 4h | 0.004372 | −0.045% | $64K | $3.2M | 20x | as long as short |
| GRVT PUMP_USDT_Perp | +0.0100% | 4h | 0.004372 | −0.037% | $1.2M | $10.6M | 10x | as long as short |
| ApeX Omni PUMPUSDT | +0.0100% | 1h | 0.004376 | +0.053% | $145K | $755K | 50x | as long as short |
| Polymarket Perps PUMP-USD | +0.0100% | 1h | 0.004421 | +1.081% | $102K | $2.1M | 10x | as long as short |
| Orderly PERP_PUMP_USDC | +0.0100% | 4h | 0.004421 | +1.081% | $41K | $11K | 10x | as long as short |
| Derive PUMP-PERP | +0.0100% | 1h | 0.004420 | +1.066% | $5K | $13K | 6.7x | as long as short |
| SunX PUMP-USDT | +0.0100% | 4h | 0.004414 | +0.921% | $2K | $769K | 20x | as long as short |
| SoDEX PUMP-USD | +0.0100% | 1h | 0.004420 | +1.059% | $277 | $7K | 10x | as long as short |
| HTX PUMP-USDT | +0.0100% | 4h | 0.004415 | +0.944% | $21K | $112K | 20x | as long as short |
| Phemex PUMPUSDT | +0.0100% | 4h | 0.004420 | +1.059% | $2.0M | $4.0M | 20x | as long as short |
| Paradex PUMP-USD-PERP | +0.0100% | 8h | 0.004404 | +0.691% | $42K | $276 | 5x | as long as short |
| Aevo PUMP-PERP | +0.0104% | 1h | 0.004417 | +0.990% | $70K | $8K | 3x | as long as short |
| Extended PUMP-USD | +0.0184% | 1h | 0.004419 | +1.044% | $3.8M | $4.3M | 50x | as long as short |
| Deribit PUMP_USDC-PERPETUAL | +0.0202% | 1h | 0.004422 | +1.104% | $70K | $123K | 25x | as long as short |
| 01 Exchange PUMPUSD | +0.0248% | 1h | 0.004408 | +0.784% | $6K | $727 | 10x | as long as short |
| GMX PUMP/USD [WBTC.b-USDC] | L +0.0270% / S −0.0198% | 1h | 0.004423 | +1.127% | $53K | — | 100x | as long as short |
| BloFin PUMP-USDT | +0.0340% | 4h | 0.004391 | +0.396% | $3.6M | $4.4M | 75x | as long as short |
| Reya PUMPRUSDPERP | +0.0344% | 1h | 0.004422 | +1.099% | $2 | — | 3x | as long as short |
| Phoenix PUMPlong | +0.0345% | 1h | 0.004374 | long leg | $42K | $120K | 10x | |
| Hyperliquid PUMP | +0.0410% | 1h | 0.004431 | +1.310% | $166.3M | $56.6M | 10x | as long as short |
| Coinbase International PUMP-PERP-INTX | +0.0440% | 1h | 0.004427 | +1.219% | $701K | $5.9M | 50x | as long as short |
| RISEx PUMP/USDC | +0.0570% | 1h | 0.004412 | +0.885% | $524K | $1.0M | 10x | as long as short |
| Injective PUMP/USDC PERP | +0.0706% | 1h | 0.004378 | +0.098% | $38K | $204K | 12x | as long as short |
| Kraken Futures PF_PUMPUSD | +0.0801% | 1h | 0.004422 | +1.109% | $1.0M | $3.4M | 50x | as long as short |
| Aftermath Perps PUMPUSD | +0.0875% | 1h | 0.004380 | +0.154% | $579 | $114K | 10x | as long as short |
OKX PUMP-USDT-SWAP
Ondo Perps PUMP-USD.P
Arcus PUMP-USD
Gate PUMP_USDT
KuCoin PUMPUSDTM
BingX PUMP-USDT
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
Extended PUMP-USD
Deribit PUMP_USDC-PERPETUAL
01 Exchange PUMPUSD
GMX PUMP/USD [WBTC.b-USDC]
BloFin PUMP-USDT
Reya PUMPRUSDPERP
Hyperliquid PUMP
Coinbase International PUMP-PERP-INTX
RISEx PUMP/USDC
Injective PUMP/USDC PERP
Kraken Futures PF_PUMPUSD
Aftermath Perps PUMPUSD