Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0228%/8h= +25.0% APRpaid last 24h +0.048%

Price spread now: Phoenix against Orderly+0.327%66s7-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 Phoenix

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 +$7 a day on $10k at the current rate, and Phoenix is 0.327% dearer against Orderly than usual: you sell high and buy low: +$33 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 66 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	Orderly PERP_PUMP_USDC	0.004493	0.0093	pay 0.0046% / 4h	1h 44m	$42K	$10K	10x
Short	Phoenix PUMP	0.004508	0.0321	get 0.0040% / 1h	44m 08s	$43K	$103K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.327%Rate

Funding earned: $47.96
Price spread: +0.327% → 0.000%: $32.72
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $67.67
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; Phoenix: live order book, 4 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 Phoenix live order book, 4 min ago	2.00 bp	16.2 bp −$16	50.3 bp −$503	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
dYdX PUMP-USD	0.0000%	1h	0.004501	+0.178%	$21K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004494	+0.022%	$18K	$222K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004492	−0.022%	$71K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004492	−0.025%	$53K	—	150x	as long as short
Orderly PERP_PUMP_USDClong	+0.0093%	4h	0.004493	long leg	$42K	$10K	10x
Lighter PUMP	+0.0096%	1h	0.004495	+0.045%	$2.9M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−2.070%	$27K	$779K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004494	+0.033%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004494	+0.031%	$708K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004499	+0.134%	$522K	$725K	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	0.004495	+0.034%	$82.3M	$169.2M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004489	−0.089%	$24.5M	$99.2M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004502	+0.200%	$26K	$187K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004495	+0.045%	$41K	$66K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004491	−0.045%	$5.0M	$11.2M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004497	+0.089%	$23.9M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004495	+0.045%	$17.7M	$19.9M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004494	+0.022%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004492	−0.011%	$799K	$188K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004497	+0.099%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004502	+0.210%	$1.3M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004513	+0.445%	$150K	$751K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004498	+0.111%	$106K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004493	−0.003%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004491	−0.045%	$2K	$749K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004493	0.000%	$282	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004490	−0.067%	$21K	$116K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004493	0.000%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004500	+0.147%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004489	−0.089%	$72K	$8K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0231% / S −0.0084%	1h	0.004490	−0.067%	$61K	—	100x	as long as short
Extended PUMP-USD	+0.0288%	1h	0.004491	−0.038%	$3.8M	$4.3M	50x	as long as short
01 Exchange PUMPUSD	+0.0296%	1h	0.004496	+0.067%	$6K	$727	10x	as long as short
Phoenix PUMPshort	+0.0321%	1h	0.004508	+0.327%	$43K	$103K	10x
BloFin PUMP-USDT	+0.0340%	4h	0.004504	+0.245%	$3.7M	$4.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004493	−0.006%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0448%	1h	0.004500	+0.156%	$701K	$5.9M	50x	as long as short
RISEx PUMP/USDC	+0.0544%	1h	0.004497	+0.089%	$535K	$983K	10x	as long as short
Hyperliquid PUMP	+0.0628%	1h	0.004503	+0.223%	$168.4M	$56.0M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0863%	1h	0.004500	+0.148%	$594	$114K	10x	as long as short
Injective PUMP/USDC PERP	+0.0880%	1h	0.004503	+0.223%	$39K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.1330%	1h	0.004499	+0.124%	$1.4M	$3.0M	50x	as long as short