PUMP

Alert: funding

Alert: spread

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: Ondo Perps against Phoenix−0.364%48s7-day average −0.140% · you buy dearer than you sell

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

Long on Phoenix Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.097%−$10 on $10k

Price spread, last 4 days (all we have)−0.602%−$60 · spread now −0.364%, 7d avg −0.140%

Together, before fees−0.700%+ Points / potential airdropOndo Perps: Active · farm board−$70 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Ondo Perps is 0.224% cheaper against Phoenix than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.140%). Swap the legs. 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	Phoenix PUMP	0.004425	0.0345	pay 0.0043% / 1h	22m 12s	$42K	$120K	10x
Short	Ondo Perps PUMP-USD.P	0.004409	0.0100	get 0.0013% / 1h	22m 12s	$31K	$189K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpOrdersPrice spread, now −0.364%Rate

Funding earned: −$51.45
Price spread: −0.364% → −0.140%: −$22.38
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$85.83
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 21 min ago; Ondo Perps: 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, 21 min ago	2.06 bp	16.1 bp −$16	58.2 bp −$582	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

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	+0.240%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004436	+0.240%	$18K	$237K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004436	+0.248%	$53K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004439	+0.307%	$2.8M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.574%	$29K	$784K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004436	+0.247%	$704K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004435	+0.217%	$494K	$813K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004437	+0.259%	$80.9M	$174.3M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004431	+0.127%	$24.1M	$98.3M	50x	as long as short
Ondo Perps PUMP-USD.Pshort	+0.0100%	1h	0.004409	−0.364%	$31K	$189K	5x

Show 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	+0.330%	$62K	$102K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004436	+0.240%	$4.9M	$11.4M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004439	+0.307%	$23.7M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004436	+0.240%	$17.5M	$20.3M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004437	+0.262%	—	$13.0M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004430	+0.095%	$787K	$203K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004430	+0.111%	$65K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004415	−0.229%	$1.2M	$10.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004436	+0.240%	$147K	$756K	50x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004437	+0.273%	$1.6M	$2.1M	10x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004441	+0.353%	$102K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004437	+0.262%	$41K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004436	+0.237%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004439	+0.307%	$2K	$773K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004437	+0.262%	$278	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004427	+0.036%	$21K	$110K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004436	+0.240%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004438	+0.294%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004434	+0.194%	$71K	$8K	3x	as long as short
Extended PUMP-USD	+0.0224%	1h	0.004436	+0.248%	$3.9M	$4.3M	50x	as long as short
01 Exchange PUMPUSD	+0.0264%	1h	0.004442	+0.375%	$6K	$625	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0270% / S −0.0198%	1h	0.004435	+0.217%	$53K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004432	+0.149%	$3.6M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004438	+0.279%	$2	—	3x	as long as short
Phoenix PUMPlong	+0.0345%	1h	0.004425	long leg	$42K	$120K	10x
Deribit PUMP_USDC-PERPETUAL	+0.0426%	1h	0.004439	+0.307%	$70K	$122K	25x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0440%	1h	0.004435	+0.217%	$702K	$5.9M	50x	as long as short
Hyperliquid PUMP	+0.0459%	1h	0.004444	+0.420%	$166.5M	$55.6M	10x	as long as short
RISEx PUMP/USDC	+0.0570%	1h	0.004441	+0.361%	$528K	$1.0M	10x	as long as short
Injective PUMP/USDC PERP	+0.0706%	1h	0.004439	+0.307%	$38K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0798%	1h	0.004438	+0.287%	$1.0M	$3.4M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0932%	1h	0.004425	−0.002%	$584	$114K	10x	as long as short