Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0223%/8h= −24.4% APRpaid last 24h −0.048%

Price spread now: Orderly against Phoenix+0.076%66s7-day average — · you sell dearer than you buy

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

Long on Phoenix 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

The price spread pays, funding is against you. Orderly is 0.076% dearer against Phoenix than usual: you sell high and buy low (spread +0.076% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 27 hours. 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	Phoenix PUMP	0.004480	0.0321	pay 0.0040% / 1h	17m 49s	$43K	$103K	10x
Short	Orderly PERP_PUMP_USDC	0.004483	0.0099	get 0.0049% / 4h	1h 17m	$42K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Phoenix. 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 PhoenixbpFee OrderlybpOrdersPrice spread, now +0.076%Rate

Funding earned: −$46.75
Price spread: +0.076% → 0.000%: $7.59
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$52.16
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 30 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 Phoenix live order book, 30 min ago	2.00 bp	16.2 bp −$16	58.0 bp −$580	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
Perpl PUMP	−0.0112%	43m	0.004486	+0.143%	$18K	$230K	20x	as long as short
dYdX PUMP-USD	−0.0009%	1h	0.004483	+0.078%	$21K	$9K	5x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004485	+0.121%	$71K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004482	+0.049%	$54K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004487	+0.165%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.777%	$31K	$794K	20x	as long as short
Orderly PERP_PUMP_USDCshort	+0.0099%	4h	0.004483	+0.076%	$42K	$10K	10x
Nado PUMP-PERP	+0.0100%	1h	0.004488	+0.176%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004486	+0.140%	$706K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004487	+0.165%	$491K	$783K	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	0.004486	+0.146%	$81.6M	$170.5M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004485	+0.121%	$24.4M	$98.7M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004475	−0.100%	$37K	$191K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004489	+0.210%	$51K	$76K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004484	+0.098%	$5.0M	$11.3M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004490	+0.232%	$23.9M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004483	+0.076%	$17.7M	$19.9M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004484	+0.098%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004486	+0.136%	$796K	$189K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004472	−0.171%	$65K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004469	−0.231%	$1.3M	$10.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004478	−0.036%	$149K	$751K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004490	+0.232%	$109K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004483	+0.073%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004489	+0.210%	$2K	$754K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004485	+0.121%	$281	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004478	−0.036%	$21K	$119K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004483	+0.076%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004485	+0.130%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004481	+0.031%	$71K	$11K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0191% / S −0.0050%	1h	0.004481	+0.031%	$60K	—	100x	as long as short
Extended PUMP-USD	+0.0264%	1h	0.004485	+0.128%	$3.8M	$4.2M	50x	as long as short
01 Exchange PUMPUSD	+0.0296%	1h	0.004492	+0.277%	$6K	$727	10x	as long as short
Phoenix PUMPlong	+0.0321%	1h	0.004480	long leg	$43K	$103K	10x
BloFin PUMP-USDT	+0.0340%	4h	0.004488	+0.188%	$3.7M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004485	+0.114%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0448%	1h	0.004490	+0.232%	$718K	$6.0M	50x	as long as short
Hyperliquid PUMP	+0.0507%	1h	0.004490	+0.232%	$168.0M	$55.8M	10x	as long as short
RISEx PUMP/USDC	+0.0544%	1h	0.004491	+0.245%	$534K	$994K	10x	as long as short
Aftermath Perps PUMPUSD	+0.0863%	1h	0.004477	−0.058%	$591	$117K	10x	as long as short
Injective PUMP/USDC PERP	+0.0880%	1h	0.004455	−0.549%	$39K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.1333%	1h	0.004487	+0.167%	$1.1M	$3.3M	50x	as long as short