Funding arb · Price arb /

PUMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0116%/8h= −12.7% APRpaid last 24h −0.013%

Price spread now: Orderly against SoDEX+0.069%7-day average — · you sell dearer than you buy

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

Long on SoDEX 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—needs both histories

The price spread pays, funding is against you. Orderly is 0.069% dearer against SoDEX than usual: you sell high and buy low (spread +0.069% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 48 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX PUMP-USD	0.004335	0.0100	pay 0.0013% / 1h	34m 06s	$715	$6K	10x
Short	Orderly PERP_PUMP_USDC	0.004338	−0.0016	pay 0.0008% / 4h	2h 34m	$41K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against SoDEX. 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 SoDEXbpFee OrderlybpOrdersPrice spread, now +0.069%Rate

Funding earned: −$24.43
Price spread: +0.069% → 0.000%: $6.92
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$31.51
Costs to cover: 0.140%
Break-even: never at this rate

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

SoDEX 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	−0.2504%	1h	0.004341	+0.134%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0380%	1h	0.004334	−0.025%	$776K	$181K	5x	as long as short
Perpl PUMP	−0.0112%	43m	0.004337	+0.046%	$20K	$204K	20x	as long as short
OKX PUMP-USDT-SWAP	−0.0059%	4h	0.004334	−0.023%	$22.7M	$94.8M	50x	as long as short
Orderly PERP_PUMP_USDCshort	−0.0016%	4h	0.004338	+0.069%	$41K	$10K	10x
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004338	+0.069%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004338	+0.058%	$55K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004336	+0.023%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.807%	$29K	$770K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004337	+0.054%	$42K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado PUMP-PERP	+0.0100%	1h	0.004337	+0.058%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004339	+0.092%	$158.6M	$52.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004338	+0.058%	$788K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004338	+0.069%	$450K	$614K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004335	−0.008%	$76.9M	$164.1M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004319	−0.378%	$25K	$183K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004337	+0.046%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004334	−0.023%	$4.6M	$11.7M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004339	+0.092%	$22.8M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004334	−0.023%	$17.1M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004334	−0.023%	—	$12.8M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004305	−0.686%	$63K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004316	−0.449%	$1.2M	$9.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004319	−0.369%	$136K	$767K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004340	+0.115%	$108K	$1.8M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004338	+0.059%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004338	+0.069%	$2K	$708K	20x	as long as short
SoDEX PUMP-USDlong	+0.0100%	1h	0.004335	long leg	$715	$6K	10x
HTX PUMP-USDT	+0.0100%	4h	0.004328	−0.161%	$21K	$148K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004334	−0.023%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004334	−0.023%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004335	0.000%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004339	+0.081%	$494K	$1.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0128%	1h	0.004338	+0.069%	$6K	$497	10x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004320	−0.358%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004340	+0.115%	$660K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0305% / S −0.0222%	1h	0.004337	+0.046%	$67K	—	100x	as long as short
Aftermath Perps PUMPUSD	+0.0314%	1h	0.004317	−0.422%	$179	$106K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004328	−0.161%	$3.4M	$3.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004335	+0.008%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	−0.254%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0684%	1h	0.004340	+0.114%	$1.3M	$3.5M	50x	as long as short