Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0641%/8h= −70.2% APRpaid last 24h −0.088%

Price spread now: Orderly against RISEx+0.204%7-day average — · you sell dearer than you buy

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

Long on RISEx Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 4 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 0.204% dearer against RISEx than usual: you sell high and buy low (spread +0.204% now, against zero (this spread has no 7-day history yet)): +$20 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx PUMP/USDC	0.004593	0.0741	pay 0.0093% / 1h	22m 53s	$534K	$1.1M	10x
Short	Orderly PERP_PUMP_USDC	0.004602	0.0100	get 0.0050% / 4h	3h 22m	$43K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against RISEx. 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 RISExbpFee OrderlybpOrdersPrice spread, now +0.204%Rate

Funding earned: −$134.67
Price spread: +0.204% → 0.000%: $20.37
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$126.3
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: RISEx: live order book, 1 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 RISEx live order book, 1 min ago	3.26 bp	6.3 bp −$6	12.9 bp −$129	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
dYdX PUMP-USD	−0.0126%	1h	0.004563	−0.643%	$21K	$11K	5x	as long as short
Gate PUMP_USDT	−0.0058%	4h	0.004593	+0.008%	$4.9M	$10.1M	75x	as long as short
Perpl PUMP	0.0000%	43m	0.004598	+0.117%	$18K	$264K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0003%	1h	0.004600	+0.169%	$61K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004604	+0.247%	$3.0M	$4.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−2.017%	$35K	$667K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004599	+0.128%	$858K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004584	−0.188%	$527K	$892K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004601	+0.183%	$84.0M	$176.9M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004603	+0.225%	$25.2M	$105.7M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004563	−0.648%	$27K	$153K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004589	−0.079%	$55K	$145K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004600	+0.160%	$25.2M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004602	+0.204%	$17.9M	$18.9M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004597	+0.095%	—	$14.6M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004599	+0.130%	$824K	$212K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004560	−0.710%	$67K	$3.3M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004565	−0.602%	$1.3M	$11.0M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004535	−1.255%	$161K	$748K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004594	+0.030%	$108K	$2.3M	10x	as long as short
Orderly PERP_PUMP_USDCshort	+0.0100%	4h	0.004602	+0.204%	$43K	$2K	10x
Derive PUMP-PERP	+0.0100%	1h	0.004520	−1.581%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004600	+0.160%	$2K	$787K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004602	+0.204%	$263	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004579	−0.297%	$22K	$126K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004600	+0.160%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004588	−0.100%	$44K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004598	+0.123%	$3.8M	$3.9M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004598	+0.117%	$68K	$10K	3x	as long as short
Hyperliquid PUMP	+0.0124%	1h	0.004608	+0.334%	$171.7M	$49.9M	10x	as long as short
Nado PUMP-PERP	+0.0281%	1h	0.004601	+0.171%	$1.7M	$2.2M	10x	as long as short
01 Exchange PUMPUSD	+0.0304%	1h	0.004593	+0.008%	$6K	$600	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0305% / S −0.0274%	1h	0.004597	+0.095%	$66K	—	100x	as long as short
Phoenix PUMP	+0.0332%	1h	0.004578	−0.321%	$45K	$146K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004602	+0.204%	$3.9M	$4.8M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004602	+0.198%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0344%	1h	0.004582	−0.232%	$38K	$204K	12x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0544%	1h	0.004607	+0.313%	$756K	$6.3M	50x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0619%	1h	0.004605	+0.269%	$71K	$114K	25x	as long as short
RISEx PUMP/USDClong	+0.0741%	1h	0.004593	long leg	$534K	$1.1M	10x
Kraken Futures PF_PUMPUSD	+0.0804%	1h	0.004605	+0.266%	$1.1M	$3.6M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0975%	1h	0.004553	−0.857%	$704	$108K	10x	as long as short