Funding you earn now, next payment 01:00 UTC+0.0308%/8h= +33.7% APRpaid last 24h +0.020%
Price spread now: Coinbase International against Phemex+0.200%7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$1031.026% of the position
Funding, last 7 days−0.019%−$2 on $10k
+Price spread, last 3 days (all we have)−0.247%−$25 · spread now +0.200%, 7d avg +0.024%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Coinbase International is 0.176% dearer against Phemex than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.024%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.019% in total (about -1.0% 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 | Phemex PUMPUSDT | 0.004503 | 0.0100 | pay 0.0050% / 4h | 2h 20m | $2.0M | $3.9M | 20x |
| Short | Coinbase International PUMP-PERP-INTX | 0.004512 | 0.0408 | get 0.0051% / 1h | 20m 11s | $722K | $5.9M | 50x |
Phemex PUMPUSDT
Coinbase International PUMP-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Phemex. 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
- $64.68
- Price spread: +0.200% → +0.024%
- $17.59
- Slippage, 4 orders
- −$80.62
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$20.35
- Costs to cover
- 1.026%
- Break-even
- 9.2 days
Slippage from Phemex: live order book, 4 min ago; Coinbase International: live order book, 4 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 Phemex live order book, 4 min ago | 9.98 bp | 32.2 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 4 min ago | 6.65 bp | 15.8 bp −$16 | 20.5 bp −$205 | doesn't fit | doesn't fit |
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 | −0.4421% | 1h | 0.004509 | +0.128% | $21K | $9K | 5x | as long as short |
| Perpl PUMP | 0.0000% | 43m | 0.004507 | +0.089% | $18K | $211K | 20x | as long as short |
| gTrade (Gains Network) PUMP/USD | L +0.0002% / S −0.0002% | 1h | 0.004503 | −0.004% | $54K | — | 150x | as long as short |
| Orderly PERP_PUMP_USDC | +0.0075% | 4h | 0.004503 | 0.000% | $42K | $10K | 10x | as long as short |
| Lighter PUMP | +0.0096% | 1h | 0.004505 | +0.044% | $2.9M | $5.5M | 10x | as long as short |
| Popdex PUMPUSDT | +0.0096% | 1h | 0.004500 | −0.067% | $30K | $772K | 20x | as long as short |
| Nado PUMP-PERP | +0.0100% | 1h | 0.004508 | +0.122% | $1.7M | $2.0M | 10x | as long as short |
| Aster PUMPUSDT | +0.0100% | 4h | 0.004507 | +0.095% | $720K | $2.4M | 50x | as long as short |
| Pacifica PUMP | +0.0100% | 1h | 0.004510 | +0.155% | $495K | $662K | 10x | as long as short |
| Binance PUMPUSDT | +0.0100% | 4h | 0.004504 | +0.022% | $81.9M | $167.3M | 75x | as long as short |
dYdX PUMP-USD
Perpl PUMP
gTrade (Gains Network) PUMP/USD
Orderly PERP_PUMP_USDC
Lighter PUMP
Popdex PUMPUSDT
Nado PUMP-PERP
Aster PUMPUSDT
Pacifica PUMP
Binance PUMPUSDTShow all 41 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX PUMP-USDT-SWAP | +0.0100% | 4h | 0.004505 | +0.044% | $24.4M | $99.2M | 50x | as long as short |
| Ondo Perps PUMP-USD.P | +0.0100% | 1h | 0.004520 | +0.378% | $21K | $172K | 5x | as long as short |
| Arcus PUMP-USD | +0.0100% | 1h | 0.004510 | +0.155% | $41K | $66K | 10x | as long as short |
| Gate PUMP_USDT | +0.0100% | 4h | 0.004504 | +0.022% | $4.9M | $11.1M | 75x | as long as short |
| KuCoin PUMPUSDTM | +0.0100% | 4h | 0.004507 | +0.089% | $24.0M | $13.9M | 50x | as long as short |
| Bitget PUMPUSDT | +0.0100% | 4h | 0.004504 | +0.022% | $17.8M | $19.7M | 75x | as long as short |
| BingX PUMP-USDT | +0.0100% | 4h | 0.004504 | +0.022% | — | $12.9M | — | as long as short |
| Backpack PUMP_USDC_PERP | +0.0100% | 1h | 0.004507 | +0.095% | $800K | $188K | 5x | as long as short |
| edgeX PUMPUSDC | +0.0100% | 4h | 0.004509 | +0.140% | $67K | $3.1M | 20x | as long as short |
| GRVT PUMP_USDT_Perp | +0.0100% | 4h | 0.004512 | +0.190% | $1.3M | $10.5M | 10x | as long as short |
| ApeX Omni PUMPUSDT | +0.0100% | 1h | 0.004509 | +0.133% | $150K | $752K | 50x | as long as short |
| Polymarket Perps PUMP-USD | +0.0100% | 1h | 0.004510 | +0.155% | $91K | $2.1M | 10x | as long as short |
| Derive PUMP-PERP | +0.0100% | 1h | 0.004503 | +0.005% | $5K | $13K | 6.7x | as long as short |
| SunX PUMP-USDT | +0.0100% | 4h | 0.004503 | 0.000% | $2K | $743K | 20x | as long as short |
| SoDEX PUMP-USD | +0.0100% | 1h | 0.004503 | 0.000% | $283 | $7K | 10x | as long as short |
| HTX PUMP-USDT | +0.0100% | 4h | 0.004510 | +0.155% | $22K | $117K | 20x | as long as short |
| Phemex PUMPUSDTlong | +0.0100% | 4h | 0.004503 | long leg | $2.0M | $3.9M | 20x | |
| Paradex PUMP-USD-PERP | +0.0101% | 8h | 0.004509 | +0.131% | $43K | $276 | 5x | as long as short |
| Aevo PUMP-PERP | +0.0104% | 1h | 0.004498 | −0.111% | $72K | $8K | 3x | as long as short |
| Extended PUMP-USD | +0.0128% | 1h | 0.004502 | −0.016% | $3.9M | $4.3M | 50x | as long as short |
| Deribit PUMP_USDC-PERPETUAL | +0.0194% | 1h | 0.004504 | +0.022% | $71K | $124K | 25x | as long as short |
| Phoenix PUMP | +0.0235% | 1h | 0.004513 | +0.215% | $42K | $103K | 10x | as long as short |
| 01 Exchange PUMPUSD | +0.0288% | 1h | 0.004512 | +0.200% | $6K | $727 | 10x | as long as short |
| RISEx PUMP/USDC | +0.0322% | 1h | 0.004510 | +0.157% | $533K | $1.1M | 10x | as long as short |
| Reya PUMPRUSDPERP | +0.0344% | 1h | 0.004506 | +0.061% | $2 | — | 3x | as long as short |
| GMX PUMP/USD [WBTC.b-USDC] | L +0.0362% / S −0.0292% | 1h | 0.004503 | 0.000% | $73K | — | 100x | as long as short |
| Coinbase International PUMP-PERP-INTXshort | +0.0408% | 1h | 0.004512 | +0.200% | $722K | $5.9M | 50x | |
| Injective PUMP/USDC PERP | +0.0571% | 1h | 0.004524 | +0.466% | $39K | $204K | 12x | as long as short |
| Hyperliquid PUMP | +0.0717% | 1h | 0.004513 | +0.222% | $169.0M | $55.3M | 10x | as long as short |
| Aftermath Perps PUMPUSD | +0.0799% | 1h | 0.004510 | +0.152% | $797 | $110K | 10x | as long as short |
| Kraken Futures PF_PUMPUSD | +0.1234% | 1h | 0.004509 | +0.128% | $1.3M | $3.1M | 50x | as long as short |
OKX PUMP-USDT-SWAP
Ondo Perps PUMP-USD.P
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
Polymarket Perps PUMP-USD
Derive PUMP-PERP
SunX PUMP-USDT
SoDEX PUMP-USD
HTX PUMP-USDT
Paradex PUMP-USD-PERP
Aevo PUMP-PERP
Extended PUMP-USD
Deribit PUMP_USDC-PERPETUAL
Phoenix PUMP
01 Exchange PUMPUSD
RISEx PUMP/USDC
Reya PUMPRUSDPERP
GMX PUMP/USD [WBTC.b-USDC]
Injective PUMP/USDC PERP
Hyperliquid PUMP
Aftermath Perps PUMPUSD
Kraken Futures PF_PUMPUSD