Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h +0.120%

Price spread now: GMX against Orderly−0.045%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and GMX is 0.045% cheaper against Orderly than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_PUMP_USDC	0.004475	0.0099	pay 0.0049% / 4h	1h 16m	$42K	$10K	10x
Short	GMX PUMP/USD [WBTC.b-USDC]	0.004473	L +0.0191% / S −0.0050%	get 0.0006% / 1h	16m 46s	$60K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.045%Rate

Funding earned: −$10.13
Price spread: −0.045% → 0.000%: −$4.47
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee GMX: 6 bp × 2 orders: −$12
Net: −$32.6
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; GMX: 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 GMX no order-book sample	—	—	—	—	—

Orderly and GMX: 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	0.004478	+0.067%	$18K	$230K	20x	as long as short
dYdX PUMP-USD	−0.0009%	1h	0.004472	−0.065%	$20K	$9K	5x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004476	+0.022%	$71K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004473	−0.046%	$54K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004471	−0.089%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.676%	$31K	$792K	20x	as long as short
Orderly PERP_PUMP_USDClong	+0.0099%	4h	0.004475	long leg	$42K	$10K	10x
Nado PUMP-PERP	+0.0100%	1h	0.004474	−0.011%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004473	−0.034%	$704K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004470	−0.112%	$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	0.004469	−0.131%	$81.3M	$170.5M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004468	−0.156%	$24.3M	$98.3M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004475	+0.002%	$37K	$191K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004483	+0.179%	$61K	$86K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004471	−0.089%	$5.0M	$11.3M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004475	0.000%	$23.8M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004469	−0.134%	$17.7M	$19.9M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004472	−0.067%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004474	−0.027%	$794K	$189K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004483	+0.176%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004486	+0.246%	$1.3M	$10.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004478	+0.067%	$149K	$751K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004480	+0.112%	$109K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004475	0.000%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004484	+0.201%	$2K	$754K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004473	−0.045%	$281	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004480	+0.112%	$21K	$119K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004473	−0.045%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004485	+0.221%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004471	−0.089%	$71K	$11K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]short	L +0.0191% / S −0.0050%	1h	0.004473	−0.045%	$60K	—	100x
Extended PUMP-USD	+0.0272%	1h	0.004470	−0.104%	$3.8M	$4.2M	50x	as long as short
01 Exchange PUMPUSD	+0.0296%	1h	0.004481	+0.134%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0321%	1h	0.004480	+0.103%	$43K	$103K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004475	0.000%	$3.7M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004474	−0.029%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0448%	1h	0.004477	+0.045%	$714K	$6.0M	50x	as long as short
Hyperliquid PUMP	+0.0503%	1h	0.004476	+0.022%	$167.4M	$55.9M	10x	as long as short
RISEx PUMP/USDC	+0.0544%	1h	0.004481	+0.129%	$533K	$994K	10x	as long as short
Aftermath Perps PUMPUSD	+0.0863%	1h	0.004478	+0.060%	$591	$117K	10x	as long as short
Injective PUMP/USDC PERP	+0.0880%	1h	0.004455	−0.447%	$39K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.1337%	1h	0.004475	+0.003%	$1.1M	$3.3M	50x	as long as short