PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0694%/8h= −76.0% APRnext payment −$0.87 per $10,000 · paid last 24h −0.102%

Price spread now: Phoenix against Aftermath Perps+0.342%63s7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$880.882% of the position

Long on Aftermath Perps Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.306%−$31 on $10k

Price spread, last 4 days (all we have)−0.388%−$39 · spread now +0.342%, 7d avg +0.025%

Together, before fees−0.694%−$69 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phoenix is 0.316% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.342% now, against its 7-day average of +0.025%): +$32 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 36 hours. At the pace of the last 3 days (−0.306% in total) that is about 3.5 days. The two prices were read 63 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	Aftermath Perps PUMPUSD	0.004473	0.1036	pay 0.0129% / 1h	10m 07s	$518	$107K	10x
Short	Phoenix PUMP	0.004488	0.0342	get 0.0043% / 1h	10m 07s	$46K	$119K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Aftermath Perps. 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 Aftermath PerpsbpFee PhoenixbpOrdersPrice spread, now +0.342%Rate

Funding earned: −$145.72
Price spread: +0.342% → +0.025%: $31.65
Slippage, 4 orders: −$72.24
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$202.31
Costs to cover: 0.882%
Break-even: never at this rate

Slippage from Aftermath Perps: live order book, 44 min ago; Phoenix: live order book, 28 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 Aftermath Perps live order book, 44 min ago	5.18 bp	34.5 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix live order book, 28 min ago	2.03 bp	16.1 bp −$16	50.3 bp −$503	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	−0.2338%	1h	0.004471	−0.036%	$20K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004465	−0.174%	$18K	$242K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004464	−0.197%	$71K	$116K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004463	−0.222%	$56K	—	150x	as long as short
Gate PUMP_USDT	+0.0012%	4h	0.004462	−0.242%	$4.9M	$10.6M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004467	−0.130%	$2.9M	$4.8M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.628%	$30K	$631K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004467	−0.119%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004466	−0.162%	$714K	$2.2M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004469	−0.085%	$496K	$823K	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	0.004466	−0.155%	$81.4M	$166.6M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004463	−0.219%	$24.4M	$95.4M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004480	+0.170%	$32K	$183K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004470	−0.063%	$65K	$101K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004467	−0.130%	$24.0M	$13.7M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004463	−0.219%	$17.6M	$19.3M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004465	−0.174%	—	$12.7M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004463	−0.221%	$796K	$204K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004482	+0.198%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004485	+0.271%	$1.3M	$10.2M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004483	+0.228%	$150K	$746K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004470	−0.063%	$107K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004464	−0.197%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004463	−0.218%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004468	−0.107%	$2K	$745K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004465	−0.174%	$280	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004465	−0.174%	$21K	$97K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004465	−0.174%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004471	−0.048%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004463	−0.219%	$66K	$10K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0271% / S −0.0198%	1h	0.004463	−0.219%	$54K	—	100x	as long as short
Extended PUMP-USD	+0.0272%	1h	0.004463	−0.213%	$3.9M	$3.9M	50x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004473	+0.004%	$3.7M	$4.5M	75x	as long as short
Phoenix PUMPshort	+0.0342%	1h	0.004488	+0.342%	$46K	$119K	10x
Reya PUMPRUSDPERP	+0.0344%	1h	0.004465	−0.182%	$2	—	3x	as long as short
01 Exchange PUMPUSD	+0.0344%	1h	0.004472	−0.018%	$6K	$600	10x	as long as short
Injective PUMP/USDC PERP	+0.0419%	1h	0.004496	+0.519%	$39K	$204K	12x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0472%	1h	0.004472	−0.018%	$721K	$5.8M	50x	as long as short
Hyperliquid PUMP	+0.0516%	1h	0.004470	−0.063%	$167.5M	$51.9M	10x	as long as short
RISEx PUMP/USDC	+0.0638%	1h	0.004472	−0.021%	$531K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0656%	1h	0.004467	−0.127%	$1.0M	$3.3M	50x	as long as short
Aftermath Perps PUMPUSDlong	+0.1036%	1h	0.004473	long leg	$518	$107K	10x