Funding you earn now, next payment 05:00 UTC+0.0256%/8h= +28.0% APRpaid last 24h +0.033%
Price spread now: Phoenix against Bitget−1.445%69s7-day average +0.118% · 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—prices read too far apart to compare
costs, in and out, $10k−$590.592% of the position
Funding, last 7 days+0.090%+$9 on $10k
+Price spread, last 4 days (all we have)+1.872%+$187 · spread now −1.445%, 7d avg +0.118%
=Funding pays, the price is against you. Phoenix is 1.563% cheaper against Bitget than usual: you would sell low and buy high (spread −1.445% now, against its 7-day average of +0.118%). If the spread goes back, that is −$156 on $10k: about 20 days of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.090% in total) that is about 4 months. The two prices were read 69 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 0.090% in total (about 4.7% 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 | Bitget PUMPUSDT | 0.004498 | 0.0100 | pay 0.0050% / 4h | 2h 20m | $17.8M | $18.5M | 75x |
| Short | Phoenix PUMP | 0.004433 | 0.0356 | get 0.0045% / 1h | 20m 14s | $45K | $119K | 10x |
Bitget PUMPUSDT
Phoenix PUMPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Bitget. 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
- $53.76
- Price spread: −1.445% → +0.118%
- −$156.33
- Slippage, 4 orders
- −$40.19
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$161.76
- Costs to cover
- 0.592%
- Break-even
- 28.1 days
Slippage from Bitget: live order book, 3 min ago; Phoenix: live order book, 13 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 Bitget live order book, 3 min ago | 2.26 bp | 12.3 bp −$12 | 29.6 bp −$296 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 13 min ago | 2.02 bp | 16.1 bp −$16 | 50.6 bp −$506 | 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 | −0.0010% | 1h | 0.004491 | −0.151% | $21K | $11K | 5x | as long as short |
| Perpl PUMP | 0.0000% | 43m | 0.004499 | +0.022% | $18K | $246K | 20x | as long as short |
| gTrade (Gains Network) PUMP/USD | L +0.0002% / S −0.0002% | 1h | 0.004499 | +0.019% | $55K | — | 150x | as long as short |
| Lighter PUMP | +0.0096% | 1h | 0.004500 | +0.044% | $2.9M | $4.7M | 10x | as long as short |
| Popdex PUMPUSDT | +0.0096% | 1h | 0.004400 | −2.179% | $33K | $640K | 20x | as long as short |
| Aster PUMPUSDT | +0.0100% | 4h | 0.004499 | +0.014% | $717K | $2.2M | 50x | as long as short |
| Pacifica PUMP | +0.0100% | 1h | 0.004498 | 0.000% | $541K | $774K | 10x | as long as short |
| Binance PUMPUSDT | +0.0100% | 4h | 0.004501 | +0.060% | $82.5M | $166.9M | 75x | as long as short |
| OKX PUMP-USDT-SWAP | +0.0100% | 4h | 0.004499 | +0.022% | $24.7M | $95.8M | 50x | as long as short |
| Ondo Perps PUMP-USD.P | +0.0100% | 1h | 0.004484 | −0.307% | $26K | $167K | 5x | as long as short |
dYdX PUMP-USD
Perpl PUMP
gTrade (Gains Network) PUMP/USD
Lighter PUMP
Popdex PUMPUSDT
Aster PUMPUSDT
Pacifica PUMP
Binance PUMPUSDT
OKX PUMP-USDT-SWAP
Ondo Perps PUMP-USD.PShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus PUMP-USD | +0.0100% | 1h | 0.004503 | +0.111% | $65K | $103K | 10x | as long as short |
| Gate PUMP_USDT | +0.0100% | 4h | 0.004496 | −0.044% | $5.0M | $10.5M | 75x | as long as short |
| KuCoin PUMPUSDTM | +0.0100% | 4h | 0.004502 | +0.089% | $24.2M | $13.6M | 50x | as long as short |
| Bitget PUMPUSDTlong | +0.0100% | 4h | 0.004498 | long leg | $17.8M | $18.5M | 75x | |
| BingX PUMP-USDT | +0.0100% | 4h | 0.004500 | +0.044% | — | $13.9M | — | as long as short |
| Backpack PUMP_USDC_PERP | +0.0100% | 1h | 0.004481 | −0.385% | $806K | $202K | 5x | as long as short |
| edgeX PUMPUSDC | +0.0100% | 4h | 0.004433 | −1.452% | $67K | $3.1M | 20x | as long as short |
| GRVT PUMP_USDT_Perp | +0.0100% | 4h | 0.004444 | −1.200% | $1.2M | $10.1M | 10x | as long as short |
| ApeX Omni PUMPUSDT | +0.0100% | 1h | 0.004433 | −1.445% | $149K | $748K | 50x | as long as short |
| Polymarket Perps PUMP-USD | +0.0100% | 1h | 0.004501 | +0.067% | $115K | $2.1M | 10x | as long as short |
| Orderly PERP_PUMP_USDC | +0.0100% | 4h | 0.004499 | +0.022% | $43K | $11K | 10x | as long as short |
| Derive PUMP-PERP | +0.0100% | 1h | 0.004496 | −0.040% | $5K | $13K | 6.7x | as long as short |
| SunX PUMP-USDT | +0.0100% | 4h | 0.004498 | 0.000% | $2K | $748K | 20x | as long as short |
| SoDEX PUMP-USD | +0.0100% | 1h | 0.004499 | +0.022% | $282 | $7K | 10x | as long as short |
| HTX PUMP-USDT | +0.0100% | 4h | 0.004492 | −0.133% | $21K | $93K | 20x | as long as short |
| Phemex PUMPUSDT | +0.0100% | 4h | 0.004499 | +0.022% | $2.0M | $3.9M | 20x | as long as short |
| Extended PUMP-USD | +0.0104% | 1h | 0.004498 | +0.005% | $3.8M | $3.7M | 50x | as long as short |
| Aevo PUMP-PERP | +0.0104% | 1h | 0.004494 | −0.089% | $67K | $10K | 3x | as long as short |
| Paradex PUMP-USD-PERP | +0.0107% | 8h | 0.004503 | +0.103% | $43K | $276 | 5x | as long as short |
| Nado PUMP-PERP | +0.0109% | 1h | 0.004501 | +0.078% | $1.6M | $2.1M | 10x | as long as short |
| GMX PUMP/USD [WBTC.b-USDC] | L +0.0272% / S −0.0200% | 1h | 0.004498 | 0.000% | $54K | — | 100x | as long as short |
| 01 Exchange PUMPUSD | +0.0320% | 1h | 0.004498 | 0.000% | $6K | $600 | 10x | as long as short |
| BloFin PUMP-USDT | +0.0340% | 4h | 0.004479 | −0.422% | $3.7M | $4.5M | 75x | as long as short |
| Reya PUMPRUSDPERP | +0.0344% | 1h | 0.004501 | +0.062% | $2 | — | 3x | as long as short |
| Phoenix PUMPshort | +0.0356% | 1h | 0.004433 | −1.445% | $45K | $119K | 10x | |
| Deribit PUMP_USDC-PERPETUAL | +0.0417% | 1h | 0.004499 | +0.022% | $70K | $115K | 25x | as long as short |
| Hyperliquid PUMP | +0.0428% | 1h | 0.004504 | +0.133% | $167.8M | $50.0M | 10x | as long as short |
| Coinbase International PUMP-PERP-INTX | +0.0480% | 1h | 0.004505 | +0.156% | $726K | $5.6M | 50x | as long as short |
| Injective PUMP/USDC PERP | +0.0571% | 1h | 0.004484 | −0.311% | $38K | $204K | 12x | as long as short |
| RISEx PUMP/USDC | +0.0682% | 1h | 0.004504 | +0.126% | $535K | $1.0M | 10x | as long as short |
| Kraken Futures PF_PUMPUSD | +0.0814% | 1h | 0.004500 | +0.051% | $1.0M | $3.3M | 50x | as long as short |
| Aftermath Perps PUMPUSD | +0.1081% | 1h | 0.004457 | −0.922% | $717 | $104K | 10x | as long as short |
Arcus PUMP-USD
Gate PUMP_USDT
KuCoin PUMPUSDTM
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
Extended PUMP-USD
Aevo PUMP-PERP
Paradex PUMP-USD-PERP
Nado PUMP-PERP
GMX PUMP/USD [WBTC.b-USDC]
01 Exchange PUMPUSD
BloFin PUMP-USDT
Reya PUMPRUSDPERP
Deribit PUMP_USDC-PERPETUAL
Hyperliquid PUMP
Coinbase International PUMP-PERP-INTX
Injective PUMP/USDC PERP
RISEx PUMP/USDC
Kraken Futures PF_PUMPUSD
Aftermath Perps PUMPUSD