Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.019%

Price spread now: Lighter against Aster+0.092%7-day average +0.088% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$310.308% of the position

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 7 days−0.064%−$6 · spread now +0.092%, 7d avg +0.088%

Together, before fees+0.032%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board+$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PUMPUSDT	0.004545	0.0100	pay 0.0050% / 4h	3h 40m	$858K	$2.4M	50x
Short	Lighter PUMP	0.004549	0.0096	get 0.0012% / 1h	40m 24s	$2.9M	$4.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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 AsterbpFee LighterbpOrdersPrice spread, now +0.092%Rate

Funding earned: −$0.84
Price spread: +0.092% → +0.088%: $0.41
Slippage, 4 orders: −$22.76
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$31.19
Costs to cover: 0.308%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; Lighter: live order book, 7 min ago.

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 Aster live order book, 3 min ago	4.40 bp	10.9 bp −$11	19.1 bp −$191	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	1.10 bp	3.2 bp −$3	6.2 bp −$62	63.2 bp −$6,320	doesn't fit

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	0.0000%	1h	0.004546	+0.031%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004544	−0.018%	$18K	$267K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004543	−0.045%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0062%	4h	0.004541	−0.084%	$4.9M	$9.9M	75x	as long as short
Lighter PUMPshort	+0.0096%	1h	0.004549	+0.092%	$2.9M	$4.4M	10x
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−0.986%	$29K	$666K	20x	as long as short
Aster PUMPUSDTlong	+0.0100%	4h	0.004545	long leg	$858K	$2.4M	50x
Pacifica PUMP	+0.0100%	1h	0.004548	+0.070%	$523K	$884K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004545	−0.006%	$83.1M	$176.2M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004542	−0.062%	$25.0M	$103.5M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004544	−0.018%	$27K	$163K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004549	+0.092%	$50K	$140K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004545	+0.004%	$24.7M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004542	−0.062%	$17.8M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004543	−0.040%	—	$14.4M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004547	+0.052%	$815K	$214K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004551	+0.146%	$67K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004550	+0.110%	$1.3M	$10.9M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004553	+0.180%	$162K	$747K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004544	−0.018%	$107K	$2.3M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004543	−0.040%	$42K	$2K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004545	+0.015%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004547	+0.048%	$2K	$787K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004547	+0.048%	$259	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004545	+0.004%	$23K	$124K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004546	+0.026%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004548	+0.059%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004546	+0.033%	$3.8M	$3.9M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004540	−0.106%	$67K	$10K	3x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0190%	1h	0.004545	+0.004%	$70K	$116K	25x	as long as short
Hyperliquid PUMP	+0.0222%	1h	0.004548	+0.070%	$169.9M	$51.3M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0274%	1h	0.004546	+0.026%	$65K	—	100x	as long as short
Phoenix PUMP	+0.0332%	1h	0.004553	+0.176%	$44K	$146K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004547	+0.048%	$3.8M	$4.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004543	−0.045%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0344%	1h	0.004582	+0.818%	$38K	$204K	12x	as long as short
01 Exchange PUMPUSD	+0.0360%	1h	0.004547	+0.048%	$6K	$600	10x	as long as short
Nado PUMP-PERP	+0.0422%	1h	0.004546	+0.037%	$1.7M	$2.2M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0544%	1h	0.004554	+0.202%	$739K	$6.2M	50x	as long as short
RISEx PUMP/USDC	+0.0741%	1h	0.004553	+0.169%	$530K	$1.1M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0814%	1h	0.004549	+0.084%	$1.1M	$3.6M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1003%	1h	0.004550	+0.113%	$503	$110K	10x	as long as short