Funding arb · Price arb /

PUMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0099%/8h= −10.9% APRpaid last 24h −0.023%

Price spread now: Orderly against Extended−0.198%7-day average — · you buy dearer than you sell

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

Long on Extended Short on Orderly

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—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Orderly is 0.198% cheaper against Extended than usual: you would sell low and buy high (−$20 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	Extended PUMP-USD	0.004399	0.0104	pay 0.0013% / 1h	48m 54s	$3.6M	$3.8M	50x
Short	Orderly PERP_PUMP_USDC	0.004390	0.0005	get 0.0002% / 4h	48m 54s	$41K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Extended. 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 ExtendedbpFee OrderlybpOrdersPrice spread, now −0.198%Rate

Funding earned: −$20.84
Price spread: −0.198% → 0.000%: −$19.8
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$51.64
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 5 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 Extended live order book, 5 min ago	1.13 bp	5.8 bp −$6	12.4 bp −$124	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
OKX PUMP-USDT-SWAP	−0.0020%	4h	0.004397	−0.039%	$23.0M	$97.1M	50x	as long as short
dYdX PUMP-USD	0.0000%	1h	0.004395	−0.076%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004391	−0.175%	$18K	$201K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004391	−0.175%	$70K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004392	−0.158%	$56K	—	150x	as long as short
Orderly PERP_PUMP_USDCshort	+0.0005%	4h	0.004390	−0.198%	$41K	$10K	10x
Lighter PUMP	+0.0096%	1h	0.004394	−0.107%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−2.244%	$27K	$767K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004392	−0.141%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004392	−0.141%	$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	0.004393	−0.135%	$735K	$2.2M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004393	−0.130%	$460K	$601K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004399	+0.007%	$78.4M	$164.1M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004389	−0.218%	$26K	$175K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004394	−0.107%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004394	−0.107%	$4.7M	$11.4M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004396	−0.062%	$23.3M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004398	−0.016%	$17.5M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004398	−0.016%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004393	−0.123%	$783K	$181K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004394	−0.114%	$65K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004396	−0.064%	$1.2M	$10.0M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004399	+0.007%	$139K	$765K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004396	−0.062%	$98K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004391	−0.186%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004394	−0.107%	$1K	$717K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004393	−0.130%	$284	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004390	−0.198%	$22K	$135K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004392	−0.153%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USDlong	+0.0104%	1h	0.004399	long leg	$3.6M	$3.8M	50x
Aevo PUMP-PERP	+0.0104%	1h	0.004393	−0.130%	$72K	$18K	3x	as long as short
Phoenix PUMP	+0.0164%	1h	0.004396	−0.068%	$39K	$100K	10x	as long as short
Injective PUMP/USDC PERP	+0.0182%	1h	0.004397	−0.039%	$39K	$207K	12x	as long as short
RISEx PUMP/USDC	+0.0194%	1h	0.004395	−0.084%	$490K	$1.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0280%	1h	0.004396	−0.062%	$6K	$572	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0312%	1h	0.004392	−0.153%	$695K	$5.5M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0319% / S −0.0240%	1h	0.004392	−0.153%	$69K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004394	−0.107%	$3.5M	$3.9M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004392	−0.154%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0451%	1h	0.004394	−0.100%	$183	$106K	10x	as long as short
Hyperliquid PUMP	+0.0494%	1h	0.004400	+0.029%	$162.1M	$52.9M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0859%	1h	0.004399	+0.002%	$1.3M	$3.5M	50x	as long as short