Funding arb · Price arb /

PUMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.017%

Price spread now: Orderly against Phemex−0.022%7-day average — · you buy dearer than you sell

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

Long on Phemex 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—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.022% cheaper against Phemex than usual: you would sell low and buy high, −$2 on $10k if it 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	Phemex PUMPUSDT	0.004475	0.0100	pay 0.0050% / 4h	58m 50s	$2.0M	$3.9M	20x
Short	Orderly PERP_PUMP_USDC	0.004474	0.0100	get 0.0050% / 4h	58m 50s	$42K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Phemex. 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 PhemexbpFee OrderlybpOrdersPrice spread, now −0.022%Rate

Funding earned: $0
Price spread: −0.022% → 0.000%: −$2.23
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$20.23
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 5 min ago; 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 Phemex live order book, 5 min ago	2.22 bp	26.8 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

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
Backpack PUMP_USDC_PERP	−0.0657%	1h	0.004476	+0.034%	$801K	$200K	5x	as long as short
dYdX PUMP-USD	−0.0006%	1h	0.004482	+0.156%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004475	0.000%	$18K	$268K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004476	+0.022%	$69K	$116K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004472	−0.060%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0062%	4h	0.004475	0.000%	$4.9M	$10.1M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004477	+0.045%	$2.9M	$4.6M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.676%	$28K	$647K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004472	−0.056%	$1.6M	$2.1M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004481	+0.134%	$167.2M	$51.3M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PUMPUSDT	+0.0100%	4h	0.004473	−0.039%	$818K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004478	+0.067%	$525K	$860K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004477	+0.045%	$81.9M	$172.2M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004476	+0.022%	$24.7M	$97.8M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004476	+0.020%	$27K	$149K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004478	+0.067%	$65K	$100K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004480	+0.112%	$24.2M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004475	0.000%	$17.6M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004476	+0.022%	—	$14.2M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004487	+0.267%	$66K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004481	+0.138%	$1.2M	$10.4M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004487	+0.268%	$151K	$744K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004475	0.000%	$103K	$2.2M	10x	as long as short
Orderly PERP_PUMP_USDCshort	+0.0100%	4h	0.004474	−0.022%	$42K	$2K	10x
Derive PUMP-PERP	+0.0100%	1h	0.004506	+0.689%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004473	−0.045%	$2K	$770K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004475	0.000%	$243	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004476	+0.022%	$21K	$83K	20x	as long as short
Phemex PUMPUSDTlong	+0.0100%	4h	0.004475	long leg	$2.0M	$3.9M	20x
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004478	+0.057%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004475	+0.006%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004472	−0.067%	$66K	$10K	3x	as long as short
01 Exchange PUMPUSD	+0.0264%	1h	0.004475	0.000%	$6K	$600	10x	as long as short
Injective PUMP/USDC PERP	+0.0279%	1h	0.004505	+0.670%	$37K	$204K	12x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0302% / S −0.0274%	1h	0.004472	−0.067%	$64K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004479	+0.089%	$3.8M	$4.6M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004472	−0.072%	$2	—	3x	as long as short
Phoenix PUMP	+0.0405%	1h	0.004492	+0.373%	$47K	$136K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0449%	1h	0.004479	+0.079%	$1.1M	$3.5M	50x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0536%	1h	0.004478	+0.067%	$723K	$5.8M	50x	as long as short
RISEx PUMP/USDC	+0.0784%	1h	0.004476	+0.022%	$532K	$1.1M	10x	as long as short
Aftermath Perps PUMPUSD	+0.1001%	1h	0.004500	+0.570%	$498	$112K	10x	as long as short