Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0309%/8h= −33.8% APRpaid last 24h −0.015%

Price spread now: Backpack against Orderly+0.062%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Backpack

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. Backpack is 0.062% dearer against Orderly than usual: you sell high and buy low (spread +0.062% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_PUMP_USDC	0.004353	0.0037	pay 0.0019% / 4h	3h 49m	$41K	$10K	10x
Short	Backpack PUMP_USDC_PERP	0.004356	−0.0271	pay 0.0034% / 1h	49m 45s	$776K	$181K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Orderly. 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 OrderlybpFee BackpackbpOrdersPrice spread, now +0.062%Rate

Funding earned: −$64.79
Price spread: +0.062% → 0.000%: $6.2
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$74.58
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Backpack: live order book, 24 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Backpack live order book, 24 min ago	1.37 bp	8.1 bp −$8	14.1 bp −$141	doesn't fit	doesn't fit

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
Backpack PUMP_USDC_PERPshort	−0.0271%	1h	0.004356	+0.062%	$776K	$181K	5x
dYdX PUMP-USD	−0.0033%	1h	0.004364	+0.259%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004358	+0.115%	$18K	$206K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004356	+0.069%	$69K	$125K	25x	as long as short
Gate PUMP_USDT	+0.0002%	4h	0.004357	+0.092%	$4.7M	$10.5M	75x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004358	+0.120%	$55K	—	150x	as long as short
OKX PUMP-USDT-SWAP	+0.0031%	4h	0.004354	+0.023%	$22.8M	$96.4M	50x	as long as short
Orderly PERP_PUMP_USDClong	+0.0037%	4h	0.004353	long leg	$41K	$10K	10x
Popdex PUMPUSDT	+0.0080%	1h	0.004300	−1.218%	$30K	$770K	20x	as long as short
Lighter PUMP	+0.0096%	1h	0.004356	+0.069%	$2.9M	$5.3M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004358	+0.107%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004356	+0.080%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004356	+0.077%	$715K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004359	+0.138%	$457K	$604K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004356	+0.069%	$77.8M	$163.9M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004367	+0.312%	$26K	$165K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004359	+0.138%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004359	+0.138%	$23.2M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004355	+0.046%	$17.4M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004354	+0.023%	—	$12.9M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004365	+0.269%	$65K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004368	+0.342%	$1.2M	$10.1M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004369	+0.368%	$138K	$760K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004362	+0.207%	$95K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004355	+0.045%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004361	+0.184%	$2K	$721K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004355	+0.046%	$281	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004358	+0.115%	$21K	$137K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004354	+0.023%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004356	+0.060%	$3.6M	$3.6M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004360	+0.161%	$70K	$12K	3x	as long as short
01 Exchange PUMPUSD	+0.0192%	1h	0.004362	+0.207%	$6K	$830	10x	as long as short
Hyperliquid PUMP	+0.0217%	1h	0.004361	+0.184%	$160.4M	$53.1M	10x	as long as short
Phoenix PUMP	+0.0237%	1h	0.004368	+0.338%	$39K	$99K	10x	as long as short
RISEx PUMP/USDC	+0.0297%	1h	0.004360	+0.161%	$477K	$1.0M	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004357	+0.092%	$3.5M	$4.1M	75x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0343% / S −0.0286%	1h	0.004356	+0.069%	$73K	—	100x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004358	+0.111%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0352%	1h	0.004364	+0.253%	$690K	$5.5M	50x	as long as short
Injective PUMP/USDC PERP	+0.0480%	1h	0.004364	+0.253%	$38K	$203K	12x	as long as short
Aftermath Perps PUMPUSD	+0.0504%	1h	0.004367	+0.324%	$381	$106K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0944%	1h	0.004360	+0.165%	$1.3M	$3.5M	50x	as long as short