Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0261%/8h= +28.6% APRpaid last 24h +0.018%

Price spread now: Coinbase International against Orderly+0.069%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 Coinbase International

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 +$8 a day on $10k at the current rate, and Coinbase International is 0.069% dearer against Orderly than usual: you sell high and buy low: +$7 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	0.004340	−0.0021	get 0.0011% / 4h	2h 20m	$41K	$10K	10x
Short	Coinbase International PUMP-PERP-INTX	0.004343	0.0240	get 0.0030% / 1h	20m 50s	$659K	$5.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.069%Rate

Funding earned: $54.89
Price spread: +0.069% → 0.000%: $6.91
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $45.8
Costs to cover: 0.160%
Break-even: 1.2 days

Slippage unknown: Orderly: no order-book sample; Coinbase International: live order book, 3 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 Coinbase International live order book, 3 min ago	4.61 bp	11.8 bp −$12	16.7 bp −$167	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 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	−0.4410%	1h	0.004346	+0.138%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0242%	1h	0.004339	−0.030%	$773K	$183K	5x	as long as short
Perpl PUMP	−0.0112%	43m	0.004337	−0.069%	$20K	$206K	20x	as long as short
OKX PUMP-USDT-SWAP	−0.0070%	4h	0.004337	−0.069%	$22.7M	$96.2M	50x	as long as short
Orderly PERP_PUMP_USDClong	−0.0021%	4h	0.004340	long leg	$41K	$10K	10x
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004342	+0.046%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004340	+0.010%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0086%	4h	0.004338	−0.046%	$4.6M	$11.7M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004337	−0.069%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.922%	$29K	$766K	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	0.004344	+0.085%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004339	−0.012%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004344	+0.092%	$159.3M	$52.4M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004339	−0.031%	$786K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004345	+0.115%	$450K	$611K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004338	−0.055%	$77.0M	$164.3M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004345	+0.104%	$26K	$179K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004343	+0.069%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004343	+0.069%	$22.9M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004337	−0.069%	$17.1M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004339	−0.023%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004339	−0.032%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004352	+0.272%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004342	+0.046%	$137K	$769K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004345	+0.115%	$91K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004342	+0.040%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004345	+0.115%	$2K	$710K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004340	0.000%	$716	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004336	−0.092%	$21K	$147K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004342	+0.046%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004337	−0.070%	$3.6M	$3.7M	50x	as long as short
01 Exchange PUMPUSD	+0.0104%	1h	0.004342	+0.046%	$6K	$497	10x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004339	−0.023%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004345	+0.111%	$493K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004348	+0.194%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTXshort	+0.0240%	1h	0.004343	+0.069%	$659K	$5.4M	50x
GMX PUMP/USD [WBTC.b-USDC]	L +0.0307% / S −0.0224%	1h	0.004340	0.000%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004338	−0.046%	$3.4M	$3.7M	75x	as long as short
Aftermath Perps PUMPUSD	+0.0343%	1h	0.004339	−0.019%	$180	$106K	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004338	−0.039%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	−0.369%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0683%	1h	0.004347	+0.159%	$1.3M	$3.5M	50x	as long as short