Funding arb · Price arb /

PUMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.1046%/8h= −114.6% APRpaid last 24h −0.151%

Price spread now: Orderly against Aftermath Perps−0.027%7-day average — · you buy dearer than you sell

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

Long on Aftermath Perps 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

Both sides work against this trade now: funding costs −$31 a day on $10k at the current rate, and Orderly is 0.027% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps PUMPUSD	0.004491	0.1146	pay 0.0143% / 1h	0m 15s	$520	$107K	10x
Short	Orderly PERP_PUMP_USDC	0.004490	0.0100	get 0.0050% / 4h	3h 00m	$42K	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Aftermath Perps. 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 Aftermath PerpsbpFee OrderlybpOrdersPrice spread, now −0.027%Rate

Funding earned: −$219.75
Price spread: −0.027% → 0.000%: −$2.7
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$237.45
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: live order book, 54 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 Aftermath Perps live order book, 54 min ago	5.18 bp	34.5 bp −$34	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
dYdX PUMP-USD	−0.1945%	1h	0.004488	−0.069%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004492	+0.018%	$18K	$239K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004492	+0.018%	$70K	$117K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004488	−0.061%	$56K	—	150x	as long as short
Gate PUMP_USDT	+0.0064%	4h	0.004488	−0.072%	$5.0M	$10.6M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004495	+0.084%	$2.9M	$4.8M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−2.031%	$31K	$618K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004490	−0.016%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004490	−0.027%	$713K	$2.2M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004493	+0.040%	$499K	$755K	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	0.004490	−0.023%	$81.8M	$164.6M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004489	−0.049%	$24.6M	$95.2M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004489	−0.040%	$32K	$183K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004497	+0.129%	$65K	$101K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004492	+0.018%	$24.1M	$13.6M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004490	−0.027%	$17.7M	$18.6M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004487	−0.094%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004488	−0.072%	$802K	$204K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004494	+0.054%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004487	−0.100%	$1.3M	$10.2M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004499	+0.173%	$151K	$747K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004496	+0.107%	$107K	$2.0M	10x	as long as short
Orderly PERP_PUMP_USDCshort	+0.0100%	4h	0.004490	−0.027%	$42K	$11K	10x
Derive PUMP-PERP	+0.0100%	1h	0.004488	−0.064%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004488	−0.072%	$2K	$738K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004489	−0.049%	$282	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004481	−0.227%	$21K	$93K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004489	−0.049%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004495	+0.076%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004488	−0.072%	$67K	$10K	3x	as long as short
Extended PUMP-USD	+0.0248%	1h	0.004488	−0.065%	$3.9M	$3.8M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0271% / S −0.0198%	1h	0.004488	−0.072%	$54K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0336%	1h	0.004499	+0.173%	$6K	$600	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004487	−0.094%	$3.7M	$4.5M	75x	as long as short
Phoenix PUMP	+0.0342%	1h	0.004498	+0.162%	$46K	$119K	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004491	−0.010%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0419%	1h	0.004488	−0.072%	$39K	$204K	12x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0472%	1h	0.004494	+0.062%	$718K	$5.6M	50x	as long as short
Hyperliquid PUMP	+0.0523%	1h	0.004499	+0.173%	$168.8M	$50.1M	10x	as long as short
RISEx PUMP/USDC	+0.0638%	1h	0.004497	+0.129%	$535K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0653%	1h	0.004490	−0.028%	$1.0M	$3.3M	50x	as long as short
Aftermath Perps PUMPUSDlong	+0.1146%	1h	0.004491	long leg	$520	$107K	10x