Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0263%/8h= +28.8% APRpaid last 24h +0.083%

Price spread now: RISEx against Orderly−0.136%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 RISEx

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

Funding pays, the price is against you. RISEx is 0.136% cheaper against Orderly than usual: you would sell low and buy high (spread −0.136% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 41 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_PUMP_USDC	0.004419	0.0059	pay 0.0030% / 4h	2h 50m	$42K	$10K	10x
Short	RISEx PUMP/USDC	0.004413	0.0322	get 0.0040% / 1h	50m 06s	$481K	$995K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.136%Rate

Funding earned: $55.22
Price spread: −0.136% → 0.000%: −$13.58
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee RISEx: 3 bp × 2 orders: −$6
Net: $29.65
Costs to cover: 0.120%
Break-even: 3.2 days

Slippage unknown: Orderly: no order-book sample; RISEx: 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 RISEx live order book, 24 min ago	2.23 bp	5.2 bp −$5	13.9 bp −$139	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	0.004407	−0.272%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004415	−0.091%	$20K	$200K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004420	+0.023%	$70K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004418	−0.020%	$53K	—	150x	as long as short
Orderly PERP_PUMP_USDClong	+0.0059%	4h	0.004419	long leg	$42K	$10K	10x
Lighter PUMP	+0.0096%	1h	0.004417	−0.045%	$2.8M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.430%	$27K	$770K	20x	as long as short
Gate PUMP_USDT	+0.0098%	4h	0.004416	−0.068%	$4.8M	$10.4M	75x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004411	−0.170%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004412	−0.157%	$701K	$2.3M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PUMP	+0.0100%	1h	0.004412	−0.158%	$476K	$654K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004418	−0.033%	$79.3M	$164.6M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004418	−0.023%	$23.6M	$96.7M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004405	−0.328%	$26K	$166K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004410	−0.204%	$40K	$60K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004420	+0.023%	$23.5M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004417	−0.045%	$17.6M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004418	−0.023%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004419	+0.005%	$787K	$179K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004401	−0.413%	$64K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004408	−0.247%	$1.2M	$10.4M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004409	−0.226%	$139K	$758K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004414	−0.113%	$102K	$2.0M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004419	−0.009%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004412	−0.158%	$2K	$732K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004418	−0.023%	$277	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004404	−0.339%	$21K	$118K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004419	0.000%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004412	−0.152%	$42K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004417	−0.056%	$3.7M	$4.1M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004415	−0.091%	$70K	$9K	3x	as long as short
01 Exchange PUMPUSD	+0.0208%	1h	0.004415	−0.091%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0235%	1h	0.004413	−0.140%	$39K	$103K	10x	as long as short
RISEx PUMP/USDCshort	+0.0322%	1h	0.004413	−0.136%	$481K	$995K	10x
BloFin PUMP-USDT	+0.0340%	4h	0.004406	−0.294%	$3.6M	$4.3M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004412	−0.162%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0358% / S −0.0299%	1h	0.004417	−0.045%	$73K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004422	+0.068%	$704K	$5.5M	50x	as long as short
Hyperliquid PUMP	+0.0431%	1h	0.004424	+0.113%	$163.0M	$54.0M	10x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004408	−0.249%	$39K	$203K	12x	as long as short
Aftermath Perps PUMPUSD	+0.0691%	1h	0.004412	−0.154%	$386	$110K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1258%	1h	0.004424	+0.117%	$1.3M	$3.1M	50x	as long as short