Funding arb · Price arb /

PUMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0651%/8h= −71.3% APRpaid last 24h +0.381%

Price spread now: Orderly against Injective+0.091%118s7-day average — · you sell dearer than you buy

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

Long on Injective 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

The price spread pays, funding is against you. Orderly is 0.091% dearer against Injective than usual: you sell high and buy low (spread +0.091% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 11 hours. The two prices were read 118 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective PUMP/USDC PERP	0.004387	0.0652	pay 0.0082% / 1h	59m 22s	$39K	$207K	12x
Short	Orderly PERP_PUMP_USDC	0.004391	0.0001	get 0.0001% / 4h	59m 22s	$41K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Injective. 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 InjectivebpFee OrderlybpOrdersPrice spread, now +0.091%Rate

Funding earned: −$136.68
Price spread: +0.091% → 0.000%: $9.12
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$133.59
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Injective: live order book, 19 min ago; 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 Injective live order book, 19 min ago	12.67 bp	56.0 bp −$56	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

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-USD	−0.3235%	1h	0.004388	+0.032%	$20K	$9K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0023%	4h	0.004388	+0.023%	$23.0M	$96.8M	50x	as long as short
Perpl PUMP	0.0000%	43m	0.004388	+0.023%	$20K	$200K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004389	+0.046%	$70K	$126K	25x	as long as short
Orderly PERP_PUMP_USDCshort	+0.0001%	4h	0.004391	+0.091%	$41K	$10K	10x
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004391	+0.097%	$56K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004391	+0.091%	$2.9M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.983%	$29K	$765K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004391	+0.089%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004390	+0.080%	$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	0.004390	+0.078%	$781K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004392	+0.114%	$458K	$605K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004391	+0.095%	$78.3M	$164.1M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004386	−0.023%	$26K	$175K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004392	+0.114%	$43K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004389	+0.046%	$4.7M	$11.4M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004395	+0.182%	$23.3M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004391	+0.091%	$17.4M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004391	+0.091%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004388	+0.023%	$782K	$183K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004373	−0.309%	$65K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004389	+0.046%	$1.2M	$9.9M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004375	−0.274%	$138K	$766K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004395	+0.182%	$86K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004388	+0.021%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004391	+0.091%	$2K	$715K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004388	+0.023%	$724	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004383	−0.091%	$22K	$138K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004390	+0.068%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004390	+0.060%	$3.6M	$3.8M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004388	+0.023%	$72K	$18K	3x	as long as short
Phoenix PUMP	+0.0185%	1h	0.004380	−0.153%	$39K	$98K	10x	as long as short
RISEx PUMP/USDC	+0.0194%	1h	0.004392	+0.125%	$489K	$1.0M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0280%	1h	0.004400	+0.296%	$683K	$5.5M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0315% / S −0.0231%	1h	0.004391	+0.091%	$68K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004391	+0.091%	$3.5M	$3.9M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004391	+0.089%	$2	—	3x	as long as short
01 Exchange PUMPUSD	+0.0352%	1h	0.004396	+0.205%	$6K	$497	10x	as long as short
Aftermath Perps PUMPUSD	+0.0417%	1h	0.004376	−0.261%	$182	$106K	10x	as long as short
Injective PUMP/USDC PERPlong	+0.0652%	1h	0.004387	long leg	$39K	$207K	12x
Kraken Futures PF_PUMPUSD	+0.0796%	1h	0.004395	+0.178%	$1.3M	$3.5M	50x	as long as short
Hyperliquid PUMP	+0.0821%	1h	0.004399	+0.274%	$161.9M	$52.7M	10x	as long as short