Funding you earn now, next payment 08:00 UTC−0.0232%/8h= −25.4% APRpaid last 24h −0.035%
Price spread now: Binance against Phoenix−0.247%7-day average −0.120% · you buy dearer than you sell
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$510.508% of the position
Funding, last 7 days−0.143%−$14 on $10k
+Price spread, last 4 days (all we have)−0.966%−$97 · spread now −0.247%, 7d avg −0.120%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Binance is 0.127% cheaper against Phoenix than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.120%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.143% in total (about -7.4% 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 | Phoenix PUMP | 0.004590 | 0.0332 | pay 0.0042% / 1h | 15m 23s | $45K | $146K | 10x |
| Short | Binance PUMPUSDT | 0.004579 | 0.0100 | get 0.0050% / 4h | 3h 15m | $83.5M | $176.3M | 75x |
Phoenix PUMP
Binance PUMPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Phoenix. 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
- −$48.77
- Price spread: −0.247% → −0.120%
- −$12.69
- Slippage, 4 orders
- −$33.83
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$112.29
- Costs to cover
- 0.508%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 2 min ago; Binance: live order book, 13 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 Phoenix live order book, 2 min ago | 1.96 bp | 16.0 bp −$16 | 57.8 bp −$578 | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 1.10 bp | 8.6 bp −$9 | 18.6 bp −$186 | 65.4 bp −$6,544 | 322.8 bp −$161.4K |
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 | −0.1821% | 1h | 0.004579 | −0.241% | $21K | $11K | 5x | as long as short |
| Gate PUMP_USDT | −0.0024% | 4h | 0.004578 | −0.270% | $4.9M | $10.2M | 75x | as long as short |
| Perpl PUMP | 0.0000% | 43m | 0.004581 | −0.205% | $18K | $263K | 20x | as long as short |
| gTrade (Gains Network) PUMP/USD | L +0.0003% / S −0.0003% | 1h | 0.004577 | −0.297% | $61K | — | 150x | as long as short |
| Lighter PUMP | +0.0096% | 1h | 0.004586 | −0.096% | $3.0M | $4.5M | 10x | as long as short |
| Popdex PUMPUSDT | +0.0096% | 1h | 0.004500 | −1.969% | $33K | $665K | 20x | as long as short |
| Hyperliquid PUMP | +0.0100% | 1h | 0.004584 | −0.139% | $170.6M | $50.4M | 10x | as long as short |
| Aster PUMPUSDT | +0.0100% | 4h | 0.004581 | −0.205% | $855K | $2.4M | 50x | as long as short |
| Pacifica PUMP | +0.0100% | 1h | 0.004583 | −0.161% | $525K | $869K | 10x | as long as short |
| Binance PUMPUSDTshort | +0.0100% | 4h | 0.004579 | −0.247% | $83.5M | $176.3M | 75x |
dYdX PUMP-USD
Gate PUMP_USDT
Perpl PUMP
gTrade (Gains Network) PUMP/USD
Lighter PUMP
Popdex PUMPUSDT
Hyperliquid PUMP
Aster PUMPUSDT
Pacifica PUMPShow all 41 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX PUMP-USDT-SWAP | +0.0100% | 4h | 0.004576 | −0.314% | $25.1M | $104.4M | 50x | as long as short |
| Ondo Perps PUMP-USD.P | +0.0100% | 1h | 0.004591 | +0.017% | $27K | $154K | 5x | as long as short |
| Arcus PUMP-USD | +0.0100% | 1h | 0.004584 | −0.139% | $51K | $149K | 10x | as long as short |
| KuCoin PUMPUSDTM | +0.0100% | 4h | 0.004580 | −0.227% | $25.1M | $13.9M | 50x | as long as short |
| Bitget PUMPUSDT | +0.0100% | 4h | 0.004579 | −0.248% | $17.9M | $18.9M | 75x | as long as short |
| BingX PUMP-USDT | +0.0100% | 4h | 0.004577 | −0.292% | — | $14.6M | — | as long as short |
| Backpack PUMP_USDC_PERP | +0.0100% | 1h | 0.004585 | −0.124% | $821K | $215K | 5x | as long as short |
| edgeX PUMPUSDC | +0.0100% | 4h | 0.004592 | +0.035% | $67K | $3.3M | 20x | as long as short |
| GRVT PUMP_USDT_Perp | +0.0100% | 4h | 0.004589 | −0.031% | $1.3M | $10.9M | 10x | as long as short |
| ApeX Omni PUMPUSDT | +0.0100% | 1h | 0.004594 | +0.078% | $163K | $745K | 50x | as long as short |
| Polymarket Perps PUMP-USD | +0.0100% | 1h | 0.004586 | −0.096% | $107K | $2.3M | 10x | as long as short |
| Orderly PERP_PUMP_USDC | +0.0100% | 4h | 0.004578 | −0.270% | $43K | $2K | 10x | as long as short |
| SunX PUMP-USDT | +0.0100% | 4h | 0.004591 | +0.013% | $2K | $787K | 20x | as long as short |
| SoDEX PUMP-USD | +0.0100% | 1h | 0.004585 | −0.118% | $260 | $7K | 10x | as long as short |
| HTX PUMP-USDT | +0.0100% | 4h | 0.004592 | +0.035% | $22K | $126K | 20x | as long as short |
| Phemex PUMPUSDT | +0.0100% | 4h | 0.004584 | −0.139% | $2.0M | $3.9M | 20x | as long as short |
| Paradex PUMP-USD-PERP | +0.0101% | 8h | 0.004583 | −0.168% | $44K | $276 | 5x | as long as short |
| Extended PUMP-USD | +0.0104% | 1h | 0.004580 | −0.219% | $3.9M | $4.0M | 50x | as long as short |
| Aevo PUMP-PERP | +0.0104% | 1h | 0.004575 | −0.335% | $68K | $10K | 3x | as long as short |
| Nado PUMP-PERP | +0.0301% | 1h | 0.004582 | −0.172% | $1.7M | $2.2M | 10x | as long as short |
| 01 Exchange PUMPUSD | +0.0304% | 1h | 0.004586 | −0.096% | $6K | $600 | 10x | as long as short |
| GMX PUMP/USD [WBTC.b-USDC] | L +0.0304% / S −0.0274% | 1h | 0.004594 | +0.078% | $66K | — | 100x | as long as short |
| Phoenix PUMPlong | +0.0332% | 1h | 0.004590 | long leg | $45K | $146K | 10x | |
| BloFin PUMP-USDT | +0.0340% | 4h | 0.004595 | +0.100% | $3.8M | $4.8M | 75x | as long as short |
| Reya PUMPRUSDPERP | +0.0344% | 1h | 0.004578 | −0.274% | $2 | — | 3x | as long as short |
| Injective PUMP/USDC PERP | +0.0344% | 1h | 0.004582 | −0.183% | $38K | $204K | 12x | as long as short |
| Coinbase International PUMP-PERP-INTX | +0.0544% | 1h | 0.004592 | +0.035% | $751K | $6.3M | 50x | as long as short |
| Deribit PUMP_USDC-PERPETUAL | +0.0623% | 1h | 0.004587 | −0.074% | $70K | $110K | 25x | as long as short |
| RISEx PUMP/USDC | +0.0741% | 1h | 0.004585 | −0.118% | $533K | $1.1M | 10x | as long as short |
| Kraken Futures PF_PUMPUSD | +0.0807% | 1h | 0.004587 | −0.072% | $1.1M | $3.6M | 50x | as long as short |
| Aftermath Perps PUMPUSD | +0.0986% | 1h | 0.004582 | −0.187% | $507 | $105K | 10x | as long as short |
OKX PUMP-USDT-SWAP
Ondo Perps PUMP-USD.P
Arcus PUMP-USD
KuCoin PUMPUSDTM
Bitget PUMPUSDT
BingX PUMP-USDT
Backpack PUMP_USDC_PERP
edgeX PUMPUSDC
GRVT PUMP_USDT_Perp
ApeX Omni PUMPUSDT
Polymarket Perps PUMP-USD
Orderly PERP_PUMP_USDC
SunX PUMP-USDT
SoDEX PUMP-USD
HTX PUMP-USDT
Phemex PUMPUSDT
Paradex PUMP-USD-PERP
Extended PUMP-USD
Aevo PUMP-PERP
Nado PUMP-PERP
01 Exchange PUMPUSD
GMX PUMP/USD [WBTC.b-USDC]
BloFin PUMP-USDT
Reya PUMPRUSDPERP
Injective PUMP/USDC PERP
Coinbase International PUMP-PERP-INTX
Deribit PUMP_USDC-PERPETUAL
RISEx PUMP/USDC
Kraken Futures PF_PUMPUSD
Aftermath Perps PUMPUSD