Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0085%/8h= −9.3% APRpaid last 24h −0.013%

Price spread now: Orderly against Paradex−0.025%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: 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 0.025% cheaper against Paradex than usual: you would sell low and buy high (−$2 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	Paradex PUMP-USD-PERP	0.004359	0.0100	pay 0.0100% / 8h	26m 17s	$42K	—	5x
Short	Orderly PERP_PUMP_USDC	0.004358	0.0015	get 0.0007% / 4h	26m 17s	$41K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Paradex. 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 ParadexbpFee OrderlybpOrdersPrice spread, now −0.025%Rate

Funding earned: −$17.89
Price spread: −0.025% → 0.000%: −$2.45
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$30.34
Costs to cover: 0.100%
Break-even: never at this rate

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

Paradex 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	−0.0029%	1h	0.004363	+0.101%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004357	−0.047%	$18K	$205K	20x	as long as short
OKX PUMP-USDT-SWAP	0.0000%	4h	0.004356	−0.070%	$22.8M	$96.5M	50x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004359	−0.008%	$54K	—	150x	as long as short
Orderly PERP_PUMP_USDCshort	+0.0015%	4h	0.004358	−0.025%	$41K	$10K	10x
Lighter PUMP	+0.0096%	1h	0.004360	+0.021%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.355%	$26K	$769K	20x	as long as short
Paradex PUMP-USD-PERPlong	+0.0100%	8h	0.004359	long leg	$42K	—	5x
Nado PUMP-PERP	+0.0100%	1h	0.004358	−0.013%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004359	−0.006%	$727K	$2.3M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PUMP	+0.0100%	1h	0.004362	+0.067%	$456K	$601K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004357	−0.038%	$77.8M	$164.0M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004360	+0.019%	$26K	$163K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004359	−0.002%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004357	−0.047%	$4.7M	$11.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004361	+0.044%	$23.2M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004358	−0.025%	$17.3M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004359	−0.002%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004362	+0.058%	$777K	$182K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004359	+0.007%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004354	−0.116%	$1.2M	$9.8M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004363	+0.090%	$138K	$763K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004360	+0.021%	$94K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004358	−0.031%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004360	+0.021%	$2K	$718K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004357	−0.047%	$282	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004356	−0.070%	$22K	$135K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004358	−0.025%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004357	−0.054%	$3.6M	$3.8M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004356	−0.070%	$72K	$18K	3x	as long as short
Phoenix PUMP	+0.0164%	1h	0.004359	−0.013%	$39K	$100K	10x	as long as short
Injective PUMP/USDC PERP	+0.0182%	1h	0.004367	+0.182%	$38K	$207K	12x	as long as short
RISEx PUMP/USDC	+0.0194%	1h	0.004360	+0.033%	$484K	$1.0M	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0209%	1h	0.004360	+0.021%	$69K	$126K	25x	as long as short
Hyperliquid PUMP	+0.0220%	1h	0.004361	+0.044%	$160.4M	$53.1M	10x	as long as short
01 Exchange PUMPUSD	+0.0224%	1h	0.004361	+0.044%	$6K	$830	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0312%	1h	0.004359	−0.002%	$676K	$5.5M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0321% / S −0.0243%	1h	0.004357	−0.047%	$68K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004355	−0.093%	$3.5M	$4.0M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004357	−0.048%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0427%	1h	0.004363	+0.096%	$181	$106K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0866%	1h	0.004364	+0.108%	$1.3M	$3.5M	50x	as long as short