Funding arb · Price arb /

PUMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0290%/8h= −31.8% APRpaid last 24h −0.089%

Price spread now: Orderly against Reya+0.026%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Orderly

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

The price spread pays, funding is against you. Orderly is 0.026% dearer against Reya than usual: you sell high and buy low (spread +0.026% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya PUMPRUSDPERP	0.004465	0.0344	pay 0.0043% / 1h	16m 44s	$2	—	3x
Short	Orderly PERP_PUMP_USDC	0.004466	0.0053	get 0.0027% / 4h	3h 16m	$42K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Reya. 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 ReyabpFee OrderlybpOrdersPrice spread, now +0.026%Rate

Funding earned: −$60.93
Price spread: +0.026% → 0.000%: $2.65
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$70.28
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Reya: 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 Reya no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Reya 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 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	−0.0108%	1h	0.004469	+0.098%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004468	+0.071%	$18K	$204K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004466	+0.026%	$71K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004465	+0.006%	$56K	—	150x	as long as short
Orderly PERP_PUMP_USDCshort	+0.0053%	4h	0.004466	+0.026%	$42K	$10K	10x
OKX PUMP-USDT-SWAP	+0.0083%	4h	0.004470	+0.116%	$23.6M	$98.7M	50x	as long as short
Lighter PUMP	+0.0096%	1h	0.004473	+0.183%	$3.0M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.452%	$28K	$777K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004468	+0.082%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004472	+0.161%	$727K	$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	0.004474	+0.206%	$476K	$627K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004472	+0.164%	$80.3M	$163.9M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004458	−0.157%	$26K	$169K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004471	+0.138%	$43K	$52K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004471	+0.138%	$4.8M	$10.6M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004475	+0.228%	$23.7M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004472	+0.161%	$17.9M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004471	+0.138%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004470	+0.105%	$796K	$172K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004439	−0.587%	$65K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004438	−0.592%	$1.2M	$10.4M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004440	−0.556%	$140K	$759K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004472	+0.161%	$107K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004466	+0.026%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004467	+0.049%	$2K	$725K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004466	+0.026%	$280	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004464	−0.018%	$21K	$135K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004469	+0.094%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004468	+0.063%	$42K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004472	+0.150%	$3.7M	$3.6M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004462	−0.063%	$71K	$12K	3x	as long as short
01 Exchange PUMPUSD	+0.0216%	1h	0.004467	+0.049%	$6K	$830	10x	as long as short
Phoenix PUMP	+0.0237%	1h	0.004435	−0.675%	$40K	$99K	10x	as long as short
RISEx PUMP/USDC	+0.0297%	1h	0.004471	+0.142%	$488K	$1.0M	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004465	+0.004%	$3.6M	$4.5M	75x	as long as short
Reya PUMPRUSDPERPlong	+0.0344%	1h	0.004465	long leg	$2	—	3x
Coinbase International PUMP-PERP-INTX	+0.0352%	1h	0.004470	+0.116%	$742K	$5.7M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0352% / S −0.0290%	1h	0.004465	+0.004%	$74K	—	100x	as long as short
Injective PUMP/USDC PERP	+0.0480%	1h	0.004476	+0.250%	$39K	$204K	12x	as long as short
Hyperliquid PUMP	+0.0520%	1h	0.004480	+0.340%	$165.5M	$54.2M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0687%	1h	0.004444	−0.470%	$388	$109K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0920%	1h	0.004471	+0.150%	$1.3M	$3.5M	50x	as long as short