Funding you earn now, next payment 03:00 UTC+0.0245%/8h= +26.8% APRnext payment +$0.31 per $10,000 · paid last 24h +0.032%
Price spread now: Phoenix against Ondo Perps+0.365%48s7-day average +0.140% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.097%+$10 on $10k
+Price spread, last 4 days (all we have)+0.601%+$60 · spread now +0.365%, 7d avg +0.140%
=Together, before fees+0.698%+ Points / potential airdropOndo Perps: Active · farm board+$70 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 0.225% dearer against Ondo Perps than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of +0.140%. The two prices were read 48 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 0.097% in total (about 5.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.31 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 | 0.004409 | 0.0100 | pay 0.0013% / 1h | 22m 14s | $31K | $189K | 5x |
| Short | Phoenix PUMP | 0.004425 | 0.0345 | get 0.0043% / 1h | 22m 14s | $42K | $120K | 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
- $51.45
- Price spread: +0.365% → +0.140%
- $22.51
- 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
- $61.97
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Ondo Perps: no order-book sample; Phoenix: live order book, 21 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, 21 min ago | 2.06 bp | 16.2 bp −$16 | 50.5 bp −$505 | 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 | −0.2216% | 1h | 0.004436 | +0.606% | $20K | $9K | 5x | as long as short |
| Perpl PUMP | 0.0000% | 43m | 0.004436 | +0.606% | $18K | $237K | 20x | as long as short |
| gTrade (Gains Network) PUMP/USD | L +0.0002% / S −0.0002% | 1h | 0.004436 | +0.614% | $53K | — | 150x | as long as short |
| Lighter PUMP | +0.0096% | 1h | 0.004439 | +0.674% | $2.8M | $5.5M | 10x | as long as short |
| Popdex PUMPUSDT | +0.0096% | 1h | 0.004400 | −0.211% | $29K | $784K | 20x | as long as short |
| Aster PUMPUSDT | +0.0100% | 4h | 0.004436 | +0.613% | $704K | $2.4M | 50x | as long as short |
| Pacifica PUMP | +0.0100% | 1h | 0.004435 | +0.583% | $494K | $813K | 10x | as long as short |
| Binance PUMPUSDT | +0.0100% | 4h | 0.004437 | +0.625% | $80.9M | $174.3M | 75x | as long as short |
| OKX PUMP-USDT-SWAP | +0.0100% | 4h | 0.004431 | +0.492% | $24.1M | $98.3M | 50x | as long as short |
| Ondo Perps PUMP-USD.Plong | +0.0100% | 1h | 0.004409 | long leg | $31K | $189K | 5x |
dYdX PUMP-USD
Perpl PUMP
gTrade (Gains Network) PUMP/USD
Lighter PUMP
Popdex PUMPUSDT
Aster PUMPUSDT
Pacifica PUMP
Binance PUMPUSDT
OKX PUMP-USDT-SWAPShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus PUMP-USD | +0.0100% | 1h | 0.004440 | +0.696% | $62K | $102K | 10x | as long as short |
| Gate PUMP_USDT | +0.0100% | 4h | 0.004436 | +0.606% | $4.9M | $11.4M | 75x | as long as short |
| KuCoin PUMPUSDTM | +0.0100% | 4h | 0.004439 | +0.674% | $23.7M | $14.0M | 50x | as long as short |
| Bitget PUMPUSDT | +0.0100% | 4h | 0.004436 | +0.606% | $17.5M | $20.3M | 75x | as long as short |
| BingX PUMP-USDT | +0.0100% | 4h | 0.004437 | +0.628% | — | $13.0M | — | as long as short |
| Backpack PUMP_USDC_PERP | +0.0100% | 1h | 0.004430 | +0.460% | $787K | $203K | 5x | as long as short |
| edgeX PUMPUSDC | +0.0100% | 4h | 0.004430 | +0.477% | $65K | $3.2M | 20x | as long as short |
| GRVT PUMP_USDT_Perp | +0.0100% | 4h | 0.004415 | +0.135% | $1.2M | $10.7M | 10x | as long as short |
| ApeX Omni PUMPUSDT | +0.0100% | 1h | 0.004436 | +0.606% | $147K | $756K | 50x | as long as short |
| Nado PUMP-PERP | +0.0100% | 1h | 0.004437 | +0.640% | $1.6M | $2.1M | 10x | as long as short |
| Polymarket Perps PUMP-USD | +0.0100% | 1h | 0.004441 | +0.719% | $102K | $2.1M | 10x | as long as short |
| Orderly PERP_PUMP_USDC | +0.0100% | 4h | 0.004437 | +0.628% | $41K | $11K | 10x | as long as short |
| Derive PUMP-PERP | +0.0100% | 1h | 0.004436 | +0.603% | $5K | $13K | 6.7x | as long as short |
| SunX PUMP-USDT | +0.0100% | 4h | 0.004439 | +0.674% | $2K | $773K | 20x | as long as short |
| SoDEX PUMP-USD | +0.0100% | 1h | 0.004437 | +0.628% | $278 | $7K | 10x | as long as short |
| HTX PUMP-USDT | +0.0100% | 4h | 0.004427 | +0.401% | $21K | $110K | 20x | as long as short |
| Phemex PUMPUSDT | +0.0100% | 4h | 0.004436 | +0.606% | $2.0M | $4.0M | 20x | as long as short |
| Paradex PUMP-USD-PERP | +0.0101% | 8h | 0.004438 | +0.660% | $42K | $276 | 5x | as long as short |
| Aevo PUMP-PERP | +0.0104% | 1h | 0.004434 | +0.560% | $71K | $8K | 3x | as long as short |
| Extended PUMP-USD | +0.0224% | 1h | 0.004436 | +0.614% | $3.9M | $4.3M | 50x | as long as short |
| 01 Exchange PUMPUSD | +0.0264% | 1h | 0.004442 | +0.742% | $6K | $625 | 10x | as long as short |
| GMX PUMP/USD [WBTC.b-USDC] | L +0.0270% / S −0.0198% | 1h | 0.004435 | +0.583% | $53K | — | 100x | as long as short |
| BloFin PUMP-USDT | +0.0340% | 4h | 0.004432 | +0.515% | $3.6M | $4.5M | 75x | as long as short |
| Reya PUMPRUSDPERP | +0.0344% | 1h | 0.004438 | +0.645% | $2 | — | 3x | as long as short |
| Phoenix PUMPshort | +0.0345% | 1h | 0.004425 | +0.365% | $42K | $120K | 10x | |
| Deribit PUMP_USDC-PERPETUAL | +0.0426% | 1h | 0.004439 | +0.674% | $70K | $122K | 25x | as long as short |
| Coinbase International PUMP-PERP-INTX | +0.0440% | 1h | 0.004435 | +0.583% | $702K | $5.9M | 50x | as long as short |
| Hyperliquid PUMP | +0.0459% | 1h | 0.004444 | +0.787% | $166.5M | $55.6M | 10x | as long as short |
| RISEx PUMP/USDC | +0.0570% | 1h | 0.004441 | +0.728% | $528K | $1.0M | 10x | as long as short |
| Injective PUMP/USDC PERP | +0.0706% | 1h | 0.004439 | +0.674% | $38K | $204K | 12x | as long as short |
| Kraken Futures PF_PUMPUSD | +0.0798% | 1h | 0.004438 | +0.653% | $1.0M | $3.4M | 50x | as long as short |
| Aftermath Perps PUMPUSD | +0.0932% | 1h | 0.004425 | +0.364% | $584 | $114K | 10x | as long as short |
Arcus PUMP-USD
Gate PUMP_USDT
KuCoin PUMPUSDTM
Bitget PUMPUSDT
BingX PUMP-USDT
Backpack PUMP_USDC_PERP
edgeX PUMPUSDC
GRVT PUMP_USDT_Perp
ApeX Omni PUMPUSDT
Nado PUMP-PERP
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
01 Exchange PUMPUSD
GMX PUMP/USD [WBTC.b-USDC]
BloFin PUMP-USDT
Reya PUMPRUSDPERP
Deribit PUMP_USDC-PERPETUAL
Coinbase International PUMP-PERP-INTX
Hyperliquid PUMP
RISEx PUMP/USDC
Injective PUMP/USDC PERP
Kraken Futures PF_PUMPUSD
Aftermath Perps PUMPUSD