Funding you earn now, next payment 06:00 UTC+0.0143%/8h= +15.6% APRnext payment +$0.18 per $10,000 · paid last 24h +0.266%
Price spread now: Kraken Futures against Phoenix−0.657%7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$129as in the Price arb table
costs, in and out, $10k−$670.672% of the position
Funding, last 7 days+0.199%+$20 on $10k
+Price spread, last 4 days (all we have)+0.750%+$75 · spread now −0.657%, 7d avg −0.034%
=Funding pays, the price is against you. Kraken Futures is 0.623% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.657% now, against its 7-day average of −0.034%). If the spread goes back, that is −$62 on $10k: about 15 days of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix PUMP | 0.004538 | 0.0405 | pay 0.0051% / 1h | 4m 38s | $48K | $139K | 10x |
| Short | Kraken Futures PF_PUMPUSD | 0.004509 | 0.0547 | get 0.0068% / 1h | 4m 38s | $1.1M | $3.5M | 50x |
Phoenix PUMP
Kraken Futures PF_PUMPUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $29.99
- Price spread: −0.657% → −0.034%
- −$62.29
- Slippage, 4 orders
- −$50.2
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$99.5
- Costs to cover
- 0.672%
- Break-even
- 30.2 days
Slippage from Phoenix: live order book, 23 min ago; Kraken Futures: 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 Phoenix live order book, 23 min ago | 1.99 bp | 16.1 bp −$16 | 57.7 bp −$577 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 4.41 bp | 15.0 bp −$15 | 28.9 bp −$289 | 245.8 bp −$24.6K | 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 | −0.0005% | 1h | 0.004511 | −0.601% | $21K | $11K | 5x | as long as short |
| Perpl PUMP | 0.0000% | 43m | 0.004530 | −0.187% | $18K | $268K | 20x | as long as short |
| Deribit PUMP_USDC-PERPETUAL | 0.0000% | 1h | 0.004510 | −0.628% | $69K | $116K | 25x | as long as short |
| gTrade (Gains Network) PUMP/USD | L +0.0002% / S −0.0002% | 1h | 0.004508 | −0.671% | $55K | — | 150x | as long as short |
| Gate PUMP_USDT | +0.0074% | 4h | 0.004503 | −0.782% | $5.0M | $10.6M | 75x | as long as short |
| Lighter PUMP | +0.0096% | 1h | 0.004509 | −0.650% | $2.9M | $4.7M | 10x | as long as short |
| Popdex PUMPUSDT | +0.0096% | 1h | 0.004500 | −0.848% | $29K | $647K | 20x | as long as short |
| Aster PUMPUSDT | +0.0100% | 4h | 0.004507 | −0.693% | $825K | $2.4M | 50x | as long as short |
| Pacifica PUMP | +0.0100% | 1h | 0.004507 | −0.694% | $532K | $859K | 10x | as long as short |
| Binance PUMPUSDT | +0.0100% | 4h | 0.004507 | −0.694% | $82.5M | $172.2M | 75x | as long as short |
dYdX PUMP-USD
Perpl PUMP
Deribit PUMP_USDC-PERPETUAL
gTrade (Gains Network) PUMP/USD
Gate PUMP_USDT
Lighter PUMP
Popdex PUMPUSDT
Aster PUMPUSDT
Pacifica PUMP
Binance PUMPUSDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX PUMP-USDT-SWAP | +0.0100% | 4h | 0.004504 | −0.760% | $24.8M | $98.2M | 50x | as long as short |
| Ondo Perps PUMP-USD.P | +0.0100% | 1h | 0.004523 | −0.339% | $27K | $151K | 5x | as long as short |
| Arcus PUMP-USD | +0.0100% | 1h | 0.004507 | −0.694% | $65K | $100K | 10x | as long as short |
| KuCoin PUMPUSDTM | +0.0100% | 4h | 0.004508 | −0.672% | $24.3M | $13.9M | 50x | as long as short |
| Bitget PUMPUSDT | +0.0100% | 4h | 0.004504 | −0.760% | $17.7M | $19.2M | 75x | as long as short |
| BingX PUMP-USDT | +0.0100% | 4h | 0.004505 | −0.738% | — | $14.2M | — | as long as short |
| Backpack PUMP_USDC_PERP | +0.0100% | 1h | 0.004508 | −0.683% | $807K | $200K | 5x | as long as short |
| edgeX PUMPUSDC | +0.0100% | 4h | 0.004528 | −0.239% | $66K | $3.2M | 20x | as long as short |
| GRVT PUMP_USDT_Perp | +0.0100% | 4h | 0.004528 | −0.234% | $1.3M | $10.5M | 10x | as long as short |
| ApeX Omni PUMPUSDT | +0.0100% | 1h | 0.004530 | −0.187% | $153K | $744K | 50x | as long as short |
| Polymarket Perps PUMP-USD | +0.0100% | 1h | 0.004513 | −0.562% | $105K | $2.2M | 10x | as long as short |
| Orderly PERP_PUMP_USDC | +0.0100% | 4h | 0.004510 | −0.628% | $43K | $2K | 10x | as long as short |
| Derive PUMP-PERP | +0.0100% | 1h | 0.004528 | −0.237% | $5K | $13K | 6.7x | as long as short |
| SunX PUMP-USDT | +0.0100% | 4h | 0.004509 | −0.650% | $2K | $769K | 20x | as long as short |
| SoDEX PUMP-USD | +0.0100% | 1h | 0.004508 | −0.672% | $283 | $7K | 10x | as long as short |
| HTX PUMP-USDT | +0.0100% | 4h | 0.004501 | −0.826% | $21K | $83K | 20x | as long as short |
| Phemex PUMPUSDT | +0.0100% | 4h | 0.004510 | −0.628% | $2.0M | $3.9M | 20x | as long as short |
| Paradex PUMP-USD-PERP | +0.0103% | 8h | 0.004506 | −0.707% | $43K | $276 | 5x | as long as short |
| Extended PUMP-USD | +0.0104% | 1h | 0.004504 | −0.756% | $3.8M | $3.7M | 50x | as long as short |
| Aevo PUMP-PERP | +0.0104% | 1h | 0.004508 | −0.672% | $67K | $10K | 3x | as long as short |
| Nado PUMP-PERP | +0.0211% | 1h | 0.004513 | −0.551% | $1.6M | $2.1M | 10x | as long as short |
| GMX PUMP/USD [WBTC.b-USDC] | L +0.0303% / S −0.0274% | 1h | 0.004508 | −0.672% | $65K | — | 100x | as long as short |
| 01 Exchange PUMPUSD | +0.0312% | 1h | 0.004507 | −0.694% | $6K | $600 | 10x | as long as short |
| BloFin PUMP-USDT | +0.0340% | 4h | 0.004510 | −0.628% | $3.8M | $4.6M | 75x | as long as short |
| Reya PUMPRUSDPERP | +0.0344% | 1h | 0.004510 | −0.633% | $2 | — | 3x | as long as short |
| Phoenix PUMPlong | +0.0405% | 1h | 0.004538 | long leg | $48K | $139K | 10x | |
| Hyperliquid PUMP | +0.0498% | 1h | 0.004511 | −0.606% | $168.6M | $51.1M | 10x | as long as short |
| Coinbase International PUMP-PERP-INTX | +0.0528% | 1h | 0.004519 | −0.430% | $728K | $5.9M | 50x | as long as short |
| Kraken Futures PF_PUMPUSDshort | +0.0547% | 1h | 0.004509 | −0.657% | $1.1M | $3.5M | 50x | |
| Injective PUMP/USDC PERP | +0.0564% | 1h | 0.004530 | −0.187% | $38K | $205K | 12x | as long as short |
| RISEx PUMP/USDC | +0.0764% | 1h | 0.004508 | −0.683% | $537K | $1.1M | 10x | as long as short |
| Aftermath Perps PUMPUSD | +0.1012% | 1h | 0.004524 | −0.330% | $500 | $112K | 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
Derive PUMP-PERP
SunX PUMP-USDT
SoDEX PUMP-USD
HTX PUMP-USDT
Phemex PUMPUSDT
Paradex PUMP-USD-PERP
Extended PUMP-USD
Aevo PUMP-PERP
Nado PUMP-PERP
GMX PUMP/USD [WBTC.b-USDC]
01 Exchange PUMPUSD
BloFin PUMP-USDT
Reya PUMPRUSDPERP
Hyperliquid PUMP
Coinbase International PUMP-PERP-INTX
Injective PUMP/USDC PERP
RISEx PUMP/USDC
Aftermath Perps PUMPUSD