Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0113%/8h= −12.4% APRpaid last 24h −0.008%

Price spread now: Orderly against Derive−0.010%7-day average — · you buy dearer than you sell

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

Long on Derive 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive PUMP-PERP	0.004322	0.0100	pay 0.0013% / 1h	34m 07s	$4K	$13K	6.7x
Short	Orderly PERP_PUMP_USDC	0.004322	−0.0013	pay 0.0006% / 4h	1h 34m	$41K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Derive. 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 DerivebpFee OrderlybpOrdersPrice spread, now −0.010%Rate

Funding earned: −$23.71
Price spread: −0.010% → 0.000%: −$1
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$36.71
Costs to cover: 0.120%
Break-even: never at this rate

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

Derive 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	−0.4978%	1h	0.004322	−0.021%	$20K	$8K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0049%	4h	0.004322	−0.010%	$22.6M	$95.5M	50x	as long as short
Orderly PERP_PUMP_USDCshort	−0.0013%	4h	0.004322	−0.010%	$41K	$10K	10x
Perpl PUMP	0.0000%	43m	0.004317	−0.126%	$20K	$206K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004323	+0.013%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004321	−0.030%	$55K	—	150x	as long as short
Backpack PUMP_USDC_PERP	+0.0057%	1h	0.004323	+0.008%	$771K	$180K	5x	as long as short
Gate PUMP_USDT	+0.0090%	4h	0.004322	−0.010%	$4.6M	$11.7M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004323	+0.013%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.519%	$29K	$763K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004320	−0.055%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004317	−0.114%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004328	+0.129%	$158.5M	$52.5M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004320	−0.066%	$779K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004321	−0.033%	$448K	$606K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004323	+0.012%	$76.9M	$163.4M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004312	−0.239%	$25K	$178K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004319	−0.079%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004324	+0.036%	$22.9M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004323	+0.013%	$17.1M	$19.0M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004323	+0.013%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004316	−0.158%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004316	−0.149%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004322	−0.010%	$136K	$766K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004319	−0.079%	$91K	$1.9M	10x	as long as short
Derive PUMP-PERPlong	+0.0100%	1h	0.004322	long leg	$4K	$13K	6.7x
SunX PUMP-USDT	+0.0100%	4h	0.004322	−0.010%	$2K	$711K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004323	+0.013%	$713	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004320	−0.056%	$21K	$139K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004324	+0.036%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004322	−0.016%	$3.5M	$3.7M	50x	as long as short
01 Exchange PUMPUSD	+0.0104%	1h	0.004315	−0.172%	$6K	$497	10x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004324	+0.036%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0147%	1h	0.004320	−0.068%	$488K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0185%	1h	0.004315	−0.167%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0280%	1h	0.004322	−0.010%	$655K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0311% / S −0.0229%	1h	0.004320	−0.056%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004318	−0.103%	$3.4M	$3.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004314	−0.195%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0398%	1h	0.004318	−0.091%	$180	$106K	10x	as long as short
Injective PUMP/USDC PERP	+0.0652%	1h	0.004319	−0.079%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0808%	1h	0.004329	+0.148%	$1.3M	$3.5M	50x	as long as short