Funding arb · Price arb /

PUMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0108%/8h= −11.8% APRpaid last 24h −0.305%

Price spread now: dYdX against Orderly+0.092%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 dYdX

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. dYdX is 0.092% dearer against Orderly than usual: you sell high and buy low (spread +0.092% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_PUMP_USDC	0.004468	0.0099	pay 0.0049% / 4h	1h 16m	$42K	$10K	10x
Short	dYdX PUMP-USD	0.004472	−0.0009	pay 0.0001% / 1h	16m 00s	$20K	$9K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.092%Rate

Funding earned: −$22.62
Price spread: +0.092% → 0.000%: $9.19
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$29.43
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; dYdX: 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 Orderly no order-book sample	—	—	—	—	—
Sell dYdX no order-book sample	—	—	—	—	—

Orderly and dYdX: 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
Perpl PUMP	−0.0112%	43m	0.004467	−0.022%	$18K	$230K	20x	as long as short
dYdX PUMP-USDshort	−0.0009%	1h	0.004472	+0.092%	$20K	$9K	5x
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004468	0.000%	$71K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004468	−0.004%	$54K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004467	−0.022%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.522%	$31K	$792K	20x	as long as short
Orderly PERP_PUMP_USDClong	+0.0099%	4h	0.004468	long leg	$42K	$10K	10x
Nado PUMP-PERP	+0.0100%	1h	0.004467	−0.011%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004468	+0.006%	$703K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004470	+0.045%	$489K	$783K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PUMPUSDT	+0.0100%	4h	0.004465	−0.058%	$81.2M	$170.5M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004466	−0.045%	$24.3M	$98.3M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004475	+0.159%	$37K	$191K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004472	+0.090%	$61K	$86K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004464	−0.090%	$4.9M	$11.3M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004470	+0.045%	$23.8M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004465	−0.067%	$17.7M	$19.9M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004466	−0.045%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004463	−0.103%	$792K	$189K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004483	+0.333%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004486	+0.403%	$1.3M	$10.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004478	+0.224%	$149K	$751K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004472	+0.090%	$108K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004468	−0.004%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004468	0.000%	$2K	$754K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004467	−0.022%	$280	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004468	0.000%	$21K	$119K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004467	−0.022%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004471	+0.067%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004464	−0.090%	$71K	$11K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0191% / S −0.0050%	1h	0.004468	0.000%	$60K	—	100x	as long as short
Extended PUMP-USD	+0.0264%	1h	0.004465	−0.060%	$3.8M	$4.2M	50x	as long as short
01 Exchange PUMPUSD	+0.0296%	1h	0.004470	+0.045%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0321%	1h	0.004480	+0.260%	$43K	$103K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004475	+0.157%	$3.7M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004467	−0.028%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0448%	1h	0.004477	+0.201%	$714K	$6.0M	50x	as long as short
Hyperliquid PUMP	+0.0498%	1h	0.004470	+0.045%	$167.2M	$55.9M	10x	as long as short
RISEx PUMP/USDC	+0.0544%	1h	0.004470	+0.056%	$531K	$994K	10x	as long as short
Aftermath Perps PUMPUSD	+0.0866%	1h	0.004474	+0.127%	$591	$117K	10x	as long as short
Injective PUMP/USDC PERP	+0.0880%	1h	0.004455	−0.291%	$39K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.1339%	1h	0.004469	+0.030%	$1.1M	$3.3M	50x	as long as short