PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0221%/8h= −24.2% APRnext payment −$0.28 per $10,000 · paid last 24h −0.031%

Price spread now: Derive against Phoenix−0.125%7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on Derive

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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 −$7 a day on $10k at the current rate, and Derive is 0.125% cheaper against Phoenix than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix PUMP	0.004508	0.0321	pay 0.0040% / 1h	45m 12s	$43K	$103K	10x
Short	Derive PUMP-PERP	0.004502	0.0100	get 0.0013% / 1h	45m 12s	$5K	$13K	6.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against Phoenix. 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 PhoenixbpFee DerivebpOrdersPrice spread, now −0.125%Rate

Funding earned: −$46.45
Price spread: −0.125% → 0.000%: −$12.51
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Derive: 3 bp × 2 orders: −$6
Net: −$71.96
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 3 min ago; Derive: 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 Phoenix live order book, 3 min ago	2.00 bp	16.2 bp −$16	58.0 bp −$580	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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	0.0000%	1h	0.004485	−0.504%	$21K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004502	−0.126%	$18K	$222K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004502	−0.126%	$71K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004499	−0.188%	$53K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0093%	4h	0.004502	−0.126%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004504	−0.082%	$2.9M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−0.171%	$27K	$779K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004503	−0.093%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004501	−0.140%	$709K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004491	−0.370%	$521K	$725K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PUMPUSDT	+0.0100%	4h	0.004503	−0.096%	$82.5M	$169.1M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004504	−0.082%	$24.5M	$99.5M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004502	−0.126%	$26K	$187K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004501	−0.149%	$41K	$66K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004500	−0.171%	$5.0M	$11.1M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004506	−0.038%	$24.0M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004503	−0.104%	$17.8M	$19.9M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004498	−0.215%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004505	−0.055%	$799K	$187K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004497	−0.228%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004502	−0.117%	$1.3M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004513	+0.118%	$150K	$751K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004507	−0.016%	$106K	$2.1M	10x	as long as short
Derive PUMP-PERPshort	+0.0100%	1h	0.004502	−0.125%	$5K	$13K	6.7x
SunX PUMP-USDT	+0.0100%	4h	0.004499	−0.193%	$2K	$748K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004502	−0.126%	$283	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004496	−0.260%	$21K	$117K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004501	−0.149%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004499	−0.187%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004496	−0.260%	$72K	$8K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0232% / S −0.0084%	1h	0.004499	−0.193%	$61K	—	100x	as long as short
Extended PUMP-USD	+0.0296%	1h	0.004499	−0.185%	$3.8M	$4.3M	50x	as long as short
01 Exchange PUMPUSD	+0.0296%	1h	0.004507	−0.016%	$6K	$727	10x	as long as short
Phoenix PUMPlong	+0.0321%	1h	0.004508	long leg	$43K	$103K	10x
BloFin PUMP-USDT	+0.0340%	4h	0.004504	−0.082%	$3.7M	$4.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004503	−0.110%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0448%	1h	0.004505	−0.060%	$701K	$5.9M	50x	as long as short
RISEx PUMP/USDC	+0.0544%	1h	0.004505	−0.068%	$535K	$982K	10x	as long as short
Hyperliquid PUMP	+0.0628%	1h	0.004511	+0.073%	$168.7M	$56.0M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0862%	1h	0.004504	−0.089%	$595	$114K	10x	as long as short
Injective PUMP/USDC PERP	+0.0880%	1h	0.004503	−0.104%	$39K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.1327%	1h	0.004508	+0.005%	$1.4M	$3.0M	50x	as long as short