Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0245%/8h= +26.8% APRpaid last 24h +0.141%

Price spread now: GMX against Orderly+0.023%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 GMX

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 for this trade now. Funding pays +$7 a day on $10k at the current rate, and GMX is 0.023% dearer against Orderly than usual: you sell high and buy low: +$2 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	0.004437	0.0046	pay 0.0023% / 4h	3h 33m	$42K	$10K	10x
Short	GMX PUMP/USD [WBTC.b-USDC]	0.004438	L +0.0350% / S −0.0292%	get 0.0036% / 1h	33m 51s	$75K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.023%Rate

Funding earned: $51.48
Price spread: +0.023% → 0.000%: $2.25
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee GMX: 6 bp × 2 orders: −$12
Net: $35.74
Costs to cover: 0.180%
Break-even: 2.1 days

Slippage unknown: Orderly: no order-book sample; GMX: 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 Orderly no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Orderly and GMX: 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	−0.0013%	1h	0.004441	+0.090%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004446	+0.203%	$18K	$210K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004438	+0.023%	$70K	$125K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004441	+0.081%	$55K	—	150x	as long as short
Orderly PERP_PUMP_USDClong	+0.0046%	4h	0.004437	long leg	$42K	$10K	10x
OKX PUMP-USDT-SWAP	+0.0057%	4h	0.004433	−0.090%	$23.3M	$99.1M	50x	as long as short
Lighter PUMP	+0.0096%	1h	0.004434	−0.068%	$2.9M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.834%	$30K	$787K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004444	+0.156%	$43K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004441	+0.101%	$1.6M	$2.0M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PUMPUSDT	+0.0100%	4h	0.004433	−0.098%	$724K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004441	+0.090%	$464K	$602K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004430	−0.158%	$79.5M	$165.6M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004454	+0.385%	$26K	$168K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004444	+0.158%	$43K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004431	−0.135%	$4.8M	$10.6M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004434	−0.068%	$23.5M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004429	−0.180%	$17.7M	$19.4M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004431	−0.135%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004433	−0.099%	$789K	$176K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004399	−0.849%	$65K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004401	−0.822%	$1.2M	$10.2M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004424	−0.293%	$139K	$759K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004450	+0.293%	$100K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004437	−0.009%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004438	+0.023%	$2K	$729K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004437	0.000%	$278	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004441	+0.090%	$21K	$135K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004436	−0.023%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004429	−0.189%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004433	−0.090%	$71K	$12K	3x	as long as short
01 Exchange PUMPUSD	+0.0224%	1h	0.004449	+0.270%	$6K	$830	10x	as long as short
Phoenix PUMP	+0.0237%	1h	0.004421	−0.352%	$40K	$99K	10x	as long as short
RISEx PUMP/USDC	+0.0297%	1h	0.004446	+0.203%	$484K	$1.0M	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004432	−0.113%	$3.5M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004438	+0.019%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]short	L +0.0350% / S −0.0292%	1h	0.004438	+0.023%	$75K	—	100x
Coinbase International PUMP-PERP-INTX	+0.0352%	1h	0.004438	+0.023%	$700K	$5.7M	50x	as long as short
Hyperliquid PUMP	+0.0354%	1h	0.004438	+0.023%	$163.3M	$53.9M	10x	as long as short
Injective PUMP/USDC PERP	+0.0480%	1h	0.004471	+0.766%	$39K	$203K	12x	as long as short
Aftermath Perps PUMPUSD	+0.0627%	1h	0.004418	−0.420%	$386	$108K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0926%	1h	0.004442	+0.105%	$1.3M	$3.5M	50x	as long as short