PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0135%/8h= +14.8% APRnext payment +$0.17 per $10,000 · paid last 24h +0.037%

Price spread now: Phoenix against Derive+0.038%68s7-day average — · you sell dearer than you buy

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

Long on Derive Short on Phoenix

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 for this trade now. Funding pays +$4 a day on $10k at the current rate, and Phoenix is 0.038% dearer against Derive than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive PUMP-PERP	0.004517	0.0100	pay 0.0013% / 1h	24m 11s	$5K	$13K	6.7x
Short	Phoenix PUMP	0.004518	0.0235	get 0.0029% / 1h	24m 11s	$42K	$103K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Derive. 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 DerivebpFee PhoenixbpOrdersPrice spread, now +0.038%Rate

Funding earned: $28.3
Price spread: +0.038% → 0.000%: $3.8
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $19.11
Costs to cover: 0.130%
Break-even: 2.3 days

Slippage unknown: Derive: no order-book sample; Phoenix: live order book, 29 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 Derive no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 29 min ago	2.04 bp	16.1 bp −$16	50.4 bp −$504	doesn't fit	doesn't fit

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 41 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	−0.3146%	1h	0.004529	+0.275%	$21K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004517	+0.005%	$18K	$210K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004517	+0.005%	$72K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004516	−0.020%	$54K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0071%	4h	0.004517	+0.005%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004519	+0.049%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−0.372%	$30K	$772K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004516	−0.028%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004519	+0.058%	$731K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004529	+0.270%	$497K	$662K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PUMPUSDT	+0.0100%	4h	0.004519	+0.049%	$81.6M	$166.9M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004518	+0.027%	$24.4M	$99.5M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004495	−0.484%	$21K	$171K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004519	+0.049%	$40K	$63K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004516	−0.017%	$4.9M	$11.0M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004520	+0.071%	$24.0M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004519	+0.049%	$17.9M	$19.7M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004516	−0.017%	—	$13.0M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004533	+0.348%	$804K	$188K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004504	−0.276%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004508	−0.204%	$1.3M	$10.4M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004481	−0.792%	$139K	$754K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004523	+0.138%	$85K	$2.1M	10x	as long as short
Derive PUMP-PERPlong	+0.0100%	1h	0.004517	long leg	$5K	$13K	6.7x
SunX PUMP-USDT	+0.0100%	4h	0.004517	+0.005%	$2K	$740K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004518	+0.027%	$284	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004515	−0.039%	$22K	$118K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004518	+0.027%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004523	+0.147%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004517	+0.012%	$3.8M	$4.2M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004513	−0.084%	$72K	$8K	3x	as long as short
Phoenix PUMPshort	+0.0235%	1h	0.004518	+0.038%	$42K	$103K	10x
01 Exchange PUMPUSD	+0.0272%	1h	0.004521	+0.093%	$6K	$727	10x	as long as short
RISEx PUMP/USDC	+0.0322%	1h	0.004520	+0.071%	$556K	$1.0M	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004520	+0.066%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0361% / S −0.0291%	1h	0.004515	−0.039%	$73K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004532	+0.337%	$718K	$5.9M	50x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004518	+0.027%	$39K	$203K	12x	as long as short
Hyperliquid PUMP	+0.0684%	1h	0.004528	+0.248%	$169.4M	$54.9M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0756%	1h	0.004499	−0.394%	$595	$110K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1230%	1h	0.004523	+0.132%	$1.3M	$3.1M	50x	as long as short