Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0072%/8h= +7.9% APRpaid last 24h +0.233%

Price spread now: Orderly against dYdX−0.046%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Orderly is 0.046% cheaper against dYdX than usual: you would sell low and buy high (spread −0.046% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 2.1 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX PUMP-USD	0.004379	−0.0049	get 0.0006% / 1h	8m 30s	$20K	$9K	5x
Short	Orderly PERP_PUMP_USDC	0.004377	0.0024	get 0.0012% / 4h	8m 30s	$41K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against dYdX. 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 dYdXbpFee OrderlybpOrdersPrice spread, now −0.046%Rate

Funding earned: $15.22
Price spread: −0.046% → 0.000%: −$4.57
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$5.35
Costs to cover: 0.160%
Break-even: 9.5 days

Slippage unknown: dYdX: no order-book sample; Orderly: no order-book sample. Net counts fees only.

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 dYdX no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

dYdX and Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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-USDlong	−0.0049%	1h	0.004379	long leg	$20K	$9K	5x
Perpl PUMP	0.0000%	43m	0.004380	+0.023%	$18K	$207K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004380	+0.023%	$70K	$125K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004378	−0.032%	$55K	—	150x	as long as short
OKX PUMP-USDT-SWAP	+0.0014%	4h	0.004381	+0.046%	$22.9M	$97.4M	50x	as long as short
Orderly PERP_PUMP_USDCshort	+0.0024%	4h	0.004377	−0.046%	$41K	$10K	10x
Lighter PUMP	+0.0096%	1h	0.004377	−0.046%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.804%	$31K	$772K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004378	−0.020%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004377	−0.057%	$1.6M	$2.0M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PUMPUSDT	+0.0100%	4h	0.004377	−0.040%	$727K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004379	0.000%	$459K	$604K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004379	0.000%	$78.2M	$164.6M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004374	−0.112%	$26K	$165K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004380	+0.023%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004377	−0.046%	$4.7M	$11.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004380	+0.023%	$23.3M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004380	+0.023%	$17.5M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004378	−0.023%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004378	−0.030%	$780K	$182K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004372	−0.159%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004364	−0.343%	$1.2M	$10.0M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004374	−0.114%	$138K	$763K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004385	+0.137%	$96K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004379	0.000%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004379	0.000%	$2K	$721K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004377	−0.046%	$276	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004372	−0.160%	$21K	$137K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004377	−0.046%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004379	−0.008%	$3.6M	$3.6M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004378	−0.023%	$72K	$18K	3x	as long as short
Hyperliquid PUMP	+0.0147%	1h	0.004386	+0.160%	$161.2M	$53.3M	10x	as long as short
Phoenix PUMP	+0.0164%	1h	0.004380	+0.034%	$39K	$100K	10x	as long as short
Injective PUMP/USDC PERP	+0.0182%	1h	0.004382	+0.069%	$39K	$207K	12x	as long as short
RISEx PUMP/USDC	+0.0194%	1h	0.004380	+0.034%	$489K	$1.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0208%	1h	0.004383	+0.091%	$6K	$830	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0312%	1h	0.004381	+0.046%	$694K	$5.5M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0329% / S −0.0259%	1h	0.004377	−0.046%	$71K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004379	0.000%	$3.5M	$4.1M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004382	+0.066%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0479%	1h	0.004374	−0.124%	$382	$106K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0862%	1h	0.004383	+0.080%	$1.3M	$3.5M	50x	as long as short