Funding arb · Price arb /

PUMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0317%/8h= +34.7% APRpaid last 24h +0.014%

Price spread now: Deribit against Orderly+0.044%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Deribit

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

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Deribit is 0.044% dearer against Orderly than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_PUMP_USDC	0.004502	0.0100	pay 0.0050% / 4h	2h 19m	$42K	$2K	10x
Short	Deribit PUMP_USDC-PERPETUAL	0.004504	0.0417	get 0.0052% / 1h	19m 01s	$69K	$103K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Orderly. 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 OrderlybpFee DeribitbpOrdersPrice spread, now +0.044%Rate

Funding earned: $66.57
Price spread: +0.044% → 0.000%: $4.44
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $58.01
Costs to cover: 0.130%
Break-even: 0.9 days

Slippage unknown: Orderly: no order-book sample; Deribit: live order book, 32 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Deribit live order book, 32 min ago	7.73 bp	13.2 bp −$13	20.1 bp −$201	doesn't fit	doesn't fit

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 41 exchanges

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	−0.1268%	1h	0.004501	−0.022%	$21K	$11K	5x	as long as short
Gate PUMP_USDT	−0.0166%	4h	0.004499	−0.067%	$4.8M	$9.7M	75x	as long as short
Perpl PUMP	0.0000%	43m	0.004499	−0.067%	$18K	$263K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004501	−0.014%	$54K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004504	+0.044%	$2.9M	$2.7M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−0.044%	$38K	$587K	20x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004506	+0.089%	$167.7M	$48.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004498	−0.081%	$833K	$2.1M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004502	0.000%	$512K	$848K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004502	−0.006%	$81.7M	$173.9M	75x	as long as short

Show all 41 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004499	−0.067%	$24.6M	$101.2M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004513	+0.235%	$27K	$151K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004505	+0.067%	$50K	$152K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004504	+0.044%	$24.9M	$13.7M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004499	−0.067%	$17.6M	$19.0M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004500	−0.044%	—	$14.6M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004500	−0.038%	$812K	$213K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004508	+0.143%	$66K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004506	+0.089%	$1.3M	$10.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004510	+0.178%	$160K	$744K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004505	+0.067%	$106K	$1.8M	10x	as long as short
Orderly PERP_PUMP_USDClong	+0.0100%	4h	0.004502	long leg	$42K	$2K	10x
SunX PUMP-USDT	+0.0100%	4h	0.004503	+0.022%	$2K	$779K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004502	0.000%	$546	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004501	−0.022%	$23K	$126K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004502	0.000%	$1.9M	$3.8M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004501	−0.014%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004500	−0.042%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004504	+0.044%	$67K	$10K	3x	as long as short
Nado PUMP-PERP	+0.0221%	1h	0.004503	+0.033%	$1.6M	$2.1M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0301% / S −0.0272%	1h	0.004502	0.000%	$64K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0320%	1h	0.004505	+0.067%	$6K	$465	10x	as long as short
Phoenix PUMP	+0.0331%	1h	0.004516	+0.302%	$44K	$142K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004505	+0.067%	$3.8M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004504	+0.035%	$2	—	3x	as long as short
Deribit PUMP_USDC-PERPETUALshort	+0.0417%	1h	0.004504	+0.044%	$69K	$103K	25x
Coinbase International PUMP-PERP-INTX	+0.0552%	1h	0.004507	+0.111%	$696K	$6.1M	50x	as long as short
Kraken Futures PF_PUMPUSD	+0.0674%	1h	0.004504	+0.048%	$1.1M	$3.4M	50x	as long as short
RISEx PUMP/USDC	+0.0683%	1h	0.004507	+0.110%	$563K	$1.0M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0934%	1h	0.004508	+0.139%	$499	$98K	10x	as long as short
Injective PUMP/USDC PERP	+0.0983%	1h	0.004520	+0.400%	$37K	$205K	12x	as long as short