Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0487%/8h= +53.3% APRpaid last 24h −0.305%

Price spread now: Injective against Orderly+0.647%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 Injective

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

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Injective is 0.647% dearer against Orderly than usual: you sell high and buy low: +$65 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_PUMP_USDC	0.004482	0.0084	pay 0.0042% / 4h	2h 09m	$42K	$10K	10x
Short	Injective PUMP/USDC PERP	0.004511	0.0571	get 0.0071% / 1h	9m 04s	$39K	$204K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.647%Rate

Funding earned: $102.2
Price spread: +0.647% → 0.000%: $64.7
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $160.89
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; Injective: live order book, 60 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 Injective live order book, 60 min ago	22.38 bp	31.5 bp −$31	doesn't fit	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 41 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	−0.4597%	1h	0.004484	+0.047%	$21K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004479	−0.067%	$18K	$213K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004482	0.000%	$71K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004480	−0.037%	$53K	—	150x	as long as short
Orderly PERP_PUMP_USDClong	+0.0084%	4h	0.004482	long leg	$42K	$10K	10x
Lighter PUMP	+0.0096%	1h	0.004483	+0.022%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.830%	$29K	$773K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004483	+0.033%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004483	+0.025%	$695K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004486	+0.089%	$523K	$717K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PUMPUSDT	+0.0100%	4h	0.004486	+0.089%	$81.9M	$168.1M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004483	+0.022%	$24.4M	$98.9M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004489	+0.158%	$21K	$172K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004484	+0.045%	$41K	$66K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004480	−0.045%	$4.9M	$11.1M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004484	+0.045%	$23.8M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004484	+0.045%	$17.7M	$19.8M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004483	+0.022%	—	$13.0M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004482	+0.002%	$797K	$188K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004501	+0.425%	$67K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004501	+0.425%	$1.3M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004504	+0.491%	$150K	$753K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004486	+0.089%	$99K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004481	−0.018%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004482	0.000%	$2K	$745K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004483	+0.022%	$281	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004475	−0.156%	$21K	$117K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004481	−0.022%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004487	+0.108%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004479	−0.067%	$71K	$8K	3x	as long as short
Extended PUMP-USD	+0.0216%	1h	0.004481	−0.014%	$3.8M	$4.3M	50x	as long as short
Phoenix PUMP	+0.0235%	1h	0.004502	+0.446%	$43K	$103K	10x	as long as short
01 Exchange PUMPUSD	+0.0312%	1h	0.004487	+0.112%	$6K	$727	10x	as long as short
RISEx PUMP/USDC	+0.0322%	1h	0.004485	+0.067%	$530K	$1.1M	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004482	−0.006%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0364% / S −0.0295%	1h	0.004480	−0.045%	$72K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004493	+0.245%	$714K	$5.9M	50x	as long as short
Injective PUMP/USDC PERPshort	+0.0571%	1h	0.004511	+0.647%	$39K	$204K	12x
Hyperliquid PUMP	+0.0736%	1h	0.004491	+0.201%	$168.3M	$55.3M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0868%	1h	0.004493	+0.242%	$593	$112K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1240%	1h	0.004488	+0.133%	$1.3M	$3.1M	50x	as long as short