Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:55 UTC+0.0066%/8h= +7.2% APRpaid last 24h +0.030%

Price spread now: Orderly against Perpl−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 Perpl Short on Orderly

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—+ Points / potential airdropPerpl: Active · farm boardneeds both histories

Funding pays, the price is against you. Orderly is 0.045% cheaper against Perpl than usual: you would sell low and buy high (spread −0.045% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 2.3 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl PUMP	0.004465	0	get 0.0000% / 43m	37m 41s	$18K	$203K	20x
Short	Orderly PERP_PUMP_USDC	0.004463	0.0066	get 0.0033% / 4h	2h 32m	$42K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Perpl. 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 PerplbpFee OrderlybpOrdersPrice spread, now −0.045%Rate

Funding earned: $13.9
Price spread: −0.045% → 0.000%: −$4.48
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$10.38
Costs to cover: 0.198%
Break-even: 12.2 days

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

Perpl and 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	−0.0877%	1h	0.004475	+0.230%	$20K	$9K	5x	as long as short
Perpl PUMPlong	0.0000%	43m	0.004465	long leg	$18K	$203K	20x
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004464	−0.022%	$71K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004465	−0.002%	$54K	—	150x	as long as short
Orderly PERP_PUMP_USDCshort	+0.0066%	4h	0.004463	−0.045%	$42K	$10K	10x
Lighter PUMP	+0.0096%	1h	0.004479	+0.314%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.456%	$27K	$768K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004464	−0.011%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004473	+0.186%	$723K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004478	+0.291%	$500K	$653K	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	0.004477	+0.270%	$80.7M	$165.7M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004474	+0.202%	$24.0M	$97.8M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004480	+0.345%	$21K	$170K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004474	+0.202%	$40K	$63K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004471	+0.134%	$4.9M	$10.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004479	+0.314%	$23.8M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004476	+0.246%	$17.7M	$19.5M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004472	+0.157%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004462	−0.063%	$794K	$185K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004476	+0.239%	$65K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004483	+0.403%	$1.3M	$10.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004476	+0.246%	$139K	$755K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004469	+0.090%	$102K	$2.0M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004463	−0.037%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004464	−0.022%	$2K	$736K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004465	0.000%	$280	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004468	+0.067%	$21K	$118K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004461	−0.090%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004482	+0.372%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004473	+0.187%	$3.8M	$4.1M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004462	−0.067%	$71K	$8K	3x	as long as short
01 Exchange PUMPUSD	+0.0232%	1h	0.004467	+0.045%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0235%	1h	0.004479	+0.307%	$42K	$103K	10x	as long as short
RISEx PUMP/USDC	+0.0322%	1h	0.004468	+0.056%	$487K	$990K	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004465	−0.004%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0358% / S −0.0289%	1h	0.004466	+0.022%	$72K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004467	+0.045%	$720K	$5.7M	50x	as long as short
Hyperliquid PUMP	+0.0554%	1h	0.004483	+0.403%	$167.1M	$54.2M	10x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004469	+0.090%	$39K	$203K	12x	as long as short
Aftermath Perps PUMPUSD	+0.0715%	1h	0.004447	−0.399%	$390	$113K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1246%	1h	0.004467	+0.048%	$1.3M	$3.1M	50x	as long as short