Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.001%

Price spread now: Lighter against Binance−0.114%7-day average +0.087% · you buy dearer than you sell

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$270.267% of the position

Long on Binance Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.112%+$11 on $10k

Price spread, last 7 days+0.245%+$25 · spread now −0.114%, 7d avg +0.087%

Together, before fees+0.357%+ Points / potential airdropLighter: Season 3 · farm board+$36 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.201% cheaper against Binance than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.087%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PUMPUSDT	0.004394	0.0100	pay 0.0050% / 4h	2h 55m	$78.9M	$164.8M	75x
Short	Lighter PUMP	0.004389	0.0096	get 0.0012% / 1h	55m 01s	$2.8M	$5.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Binance. 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 BinancebpFee LighterbpOrdersPrice spread, now −0.114%Rate

Funding earned: −$0.84
Price spread: −0.114% → +0.087%: −$20.13
Slippage, 4 orders: −$16.69
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$47.65
Costs to cover: 0.267%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; Lighter: live order book, 8 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 Binance live order book, 3 min ago	1.13 bp	7.8 bp −$8	17.6 bp −$176	64.1 bp −$6,405	280.6 bp −$140.3K
Sell Lighter live order book, 8 min ago	1.12 bp	7.8 bp −$8	11.0 bp −$110	79.0 bp −$7,900	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
ApeX Omni PUMPUSDT	−0.0223%	1h	0.004404	+0.228%	$139K	$759K	50x	as long as short
dYdX PUMP-USD	0.0000%	1h	0.004386	−0.175%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004385	−0.205%	$20K	$202K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004390	−0.091%	$70K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004386	−0.181%	$53K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0058%	4h	0.004385	−0.205%	$41K	$10K	10x	as long as short
Lighter PUMPshort	+0.0096%	1h	0.004389	−0.114%	$2.8M	$5.4M	10x
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−2.139%	$26K	$769K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004387	−0.161%	$703K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004388	−0.137%	$474K	$654K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PUMPUSDTlong	+0.0100%	4h	0.004394	long leg	$78.9M	$164.8M	75x
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004394	0.000%	$23.4M	$96.5M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004428	+0.776%	$26K	$167K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004386	−0.182%	$40K	$57K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004391	−0.068%	$4.8M	$10.4M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004392	−0.046%	$23.3M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004393	−0.023%	$17.5M	$19.3M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004393	−0.023%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004393	−0.016%	$782K	$178K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004405	+0.256%	$65K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004395	+0.015%	$1.2M	$10.4M	10x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004388	−0.137%	$101K	$2.0M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004388	−0.141%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004388	−0.137%	$1K	$731K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004390	−0.091%	$275	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004389	−0.114%	$21K	$119K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004393	−0.023%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004391	−0.074%	$42K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004387	−0.149%	$3.7M	$4.1M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004387	−0.159%	$70K	$11K	3x	as long as short
01 Exchange PUMPUSD	+0.0216%	1h	0.004382	−0.273%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0237%	1h	0.004402	+0.173%	$39K	$103K	10x	as long as short
Nado PUMP-PERP	+0.0268%	1h	0.004384	−0.216%	$1.6M	$2.0M	10x	as long as short
RISEx PUMP/USDC	+0.0322%	1h	0.004385	−0.193%	$478K	$995K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004392	−0.046%	$3.6M	$4.3M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004383	−0.254%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0357% / S −0.0297%	1h	0.004385	−0.205%	$73K	—	100x	as long as short
Hyperliquid PUMP	+0.0372%	1h	0.004398	+0.091%	$162.0M	$54.9M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004393	−0.023%	$685K	$5.6M	50x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004401	+0.159%	$39K	$203K	12x	as long as short
Aftermath Perps PUMPUSD	+0.0708%	1h	0.004422	+0.644%	$387	$110K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1266%	1h	0.004395	+0.014%	$1.3M	$3.1M	50x	as long as short