Funding you earn now, next payment 08:00 UTC−0.0409%/8h= −44.8% APRnext payment −$0.51 per $10,000 · paid last 24h −0.036%
Price spread now: Phoenix against RISEx+0.183%50s7-day average +0.082% · 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−$430.425% of the position
Funding, last 4 days (all we have)−0.145%−$14 on $10k
+Price spread, last 4 days (all we have)+0.958%+$96 · spread now +0.183%, 7d avg +0.082%
=The price spread pays, funding is against you. Phoenix is 0.101% dearer against RISEx than usual: you sell high and buy low (spread +0.183% now, against its 7-day average of +0.082%): +$10 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 20 hours. At the pace of the last 4 days (−0.145% in total) that is about 2.6 days. The two prices were read 50 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 4 days it paid -0.145% in total (about -14.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.51 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 | RISEx PUMP/USDC | 0.004544 | 0.0741 | pay 0.0093% / 1h | 35m 49s | $529K | $1.1M | 10x |
| Short | Phoenix PUMP | 0.004553 | 0.0332 | get 0.0042% / 1h | 35m 49s | $44K | $146K | 10x |
RISEx PUMP/USDC
Phoenix PUMPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against RISEx. 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
- −$85.9
- Price spread: +0.183% → +0.082%
- $10.09
- Slippage, 4 orders
- −$29.53
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$118.34
- Costs to cover
- 0.425%
- Break-even
- never at this rate
Slippage from RISEx: live order book, 3 min ago; Phoenix: live order book, 47 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 RISEx live order book, 3 min ago | 2.20 bp | 5.2 bp −$5 | 10.5 bp −$105 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 47 min ago | 1.98 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 | 0.0000% | 1h | 0.004554 | +0.214% | $21K | $11K | 5x | as long as short |
| Perpl PUMP | 0.0000% | 43m | 0.004540 | −0.099% | $18K | $267K | 20x | as long as short |
| gTrade (Gains Network) PUMP/USD | L +0.0003% / S −0.0002% | 1h | 0.004542 | −0.057% | $55K | — | 150x | as long as short |
| Gate PUMP_USDT | +0.0012% | 4h | 0.004539 | −0.121% | $4.9M | $10.0M | 75x | as long as short |
| Lighter PUMP | +0.0096% | 1h | 0.004546 | +0.033% | $2.9M | $4.4M | 10x | as long as short |
| Popdex PUMPUSDT | +0.0096% | 1h | 0.004500 | −0.979% | $29K | $664K | 20x | as long as short |
| Aster PUMPUSDT | +0.0100% | 4h | 0.004539 | −0.126% | $857K | $2.4M | 50x | as long as short |
| Pacifica PUMP | +0.0100% | 1h | 0.004549 | +0.099% | $521K | $886K | 10x | as long as short |
| Binance PUMPUSDT | +0.0100% | 4h | 0.004542 | −0.055% | $83.0M | $176.4M | 75x | as long as short |
| OKX PUMP-USDT-SWAP | +0.0100% | 4h | 0.004540 | −0.099% | $25.0M | $103.5M | 50x | as long as short |
dYdX PUMP-USD
Perpl PUMP
gTrade (Gains Network) PUMP/USD
Gate PUMP_USDT
Lighter PUMP
Popdex PUMPUSDT
Aster PUMPUSDT
Pacifica PUMP
Binance PUMPUSDT
OKX PUMP-USDT-SWAPShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps PUMP-USD.P | +0.0100% | 1h | 0.004541 | −0.073% | $27K | $163K | 5x | as long as short |
| Arcus PUMP-USD | +0.0100% | 1h | 0.004547 | +0.055% | $50K | $140K | 10x | as long as short |
| KuCoin PUMPUSDTM | +0.0100% | 4h | 0.004545 | +0.011% | $24.7M | $13.8M | 50x | as long as short |
| Bitget PUMPUSDT | +0.0100% | 4h | 0.004541 | −0.077% | $17.8M | $19.2M | 75x | as long as short |
| BingX PUMP-USDT | +0.0100% | 4h | 0.004540 | −0.099% | — | $14.4M | — | as long as short |
| Backpack PUMP_USDC_PERP | +0.0100% | 1h | 0.004542 | −0.055% | $814K | $213K | 5x | as long as short |
| edgeX PUMPUSDC | +0.0100% | 4h | 0.004544 | −0.018% | $67K | $3.2M | 20x | as long as short |
| GRVT PUMP_USDT_Perp | +0.0100% | 4h | 0.004543 | −0.033% | $1.3M | $10.9M | 10x | as long as short |
| ApeX Omni PUMPUSDT | +0.0100% | 1h | 0.004544 | −0.011% | $162K | $748K | 50x | as long as short |
| Polymarket Perps PUMP-USD | +0.0100% | 1h | 0.004542 | −0.055% | $107K | $2.3M | 10x | as long as short |
| Orderly PERP_PUMP_USDC | +0.0100% | 4h | 0.004543 | −0.033% | $42K | $2K | 10x | as long as short |
| Derive PUMP-PERP | +0.0100% | 1h | 0.004542 | −0.063% | $5K | $13K | 6.7x | as long as short |
| SunX PUMP-USDT | +0.0100% | 4h | 0.004540 | −0.099% | $2K | $787K | 20x | as long as short |
| SoDEX PUMP-USD | +0.0100% | 1h | 0.004544 | −0.011% | $260 | $7K | 10x | as long as short |
| HTX PUMP-USDT | +0.0100% | 4h | 0.004547 | +0.055% | $23K | $124K | 20x | as long as short |
| Phemex PUMPUSDT | +0.0100% | 4h | 0.004543 | −0.033% | $2.0M | $3.9M | 20x | as long as short |
| Paradex PUMP-USD-PERP | +0.0102% | 8h | 0.004547 | +0.059% | $43K | $276 | 5x | as long as short |
| Extended PUMP-USD | +0.0104% | 1h | 0.004541 | −0.070% | $3.7M | $3.9M | 50x | as long as short |
| Aevo PUMP-PERP | +0.0104% | 1h | 0.004540 | −0.099% | $67K | $10K | 3x | as long as short |
| Hyperliquid PUMP | +0.0189% | 1h | 0.004546 | +0.033% | $169.8M | $51.2M | 10x | as long as short |
| Deribit PUMP_USDC-PERPETUAL | +0.0190% | 1h | 0.004546 | +0.033% | $70K | $116K | 25x | as long as short |
| GMX PUMP/USD [WBTC.b-USDC] | L +0.0304% / S −0.0274% | 1h | 0.004542 | −0.055% | $65K | — | 100x | as long as short |
| Phoenix PUMPshort | +0.0332% | 1h | 0.004553 | +0.183% | $44K | $146K | 10x | |
| BloFin PUMP-USDT | +0.0340% | 4h | 0.004553 | +0.187% | $3.8M | $4.7M | 75x | as long as short |
| Reya PUMPRUSDPERP | +0.0344% | 1h | 0.004543 | −0.038% | $2 | — | 3x | as long as short |
| Injective PUMP/USDC PERP | +0.0344% | 1h | 0.004582 | +0.825% | $38K | $204K | 12x | as long as short |
| 01 Exchange PUMPUSD | +0.0344% | 1h | 0.004545 | +0.011% | $6K | $600 | 10x | as long as short |
| Nado PUMP-PERP | +0.0391% | 1h | 0.004540 | −0.088% | $1.7M | $2.2M | 10x | as long as short |
| Coinbase International PUMP-PERP-INTX | +0.0544% | 1h | 0.004552 | +0.165% | $739K | $6.2M | 50x | as long as short |
| RISEx PUMP/USDClong | +0.0741% | 1h | 0.004544 | long leg | $529K | $1.1M | 10x | |
| Kraken Futures PF_PUMPUSD | +0.0815% | 1h | 0.004546 | +0.028% | $1.1M | $3.5M | 50x | as long as short |
| Aftermath Perps PUMPUSD | +0.0982% | 1h | 0.004549 | +0.101% | $503 | $110K | 10x | as long as short |
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
Hyperliquid PUMP
Deribit PUMP_USDC-PERPETUAL
GMX PUMP/USD [WBTC.b-USDC]
BloFin PUMP-USDT
Reya PUMPRUSDPERP
Injective PUMP/USDC PERP
01 Exchange PUMPUSD
Nado PUMP-PERP
Coinbase International PUMP-PERP-INTX
Kraken Futures PF_PUMPUSD
Aftermath Perps PUMPUSD