Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0244%/8h= −26.7% APRpaid last 24h −0.072%

Price spread now: Lighter against BloFin+0.070%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$310.313% of the position

Long on BloFin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.342%−$34 on $10k

Price spread, last 3 days (all we have)+0.112%+$11 · spread now +0.070%, 7d avg +0.046%

Together, before fees−0.230%+ Points / potential airdropLighter: Season 3 · farm board−$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.023% dearer against BloFin than usual: you sell high and buy low (spread +0.070% now, against its 7-day average of +0.046%): +$2 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PUMP-USDT	0.004316	0.0340	pay 0.0170% / 4h	1h 52m	$3.4M	$3.7M	75x
Short	Lighter PUMP	0.004319	0.0096	get 0.0012% / 1h	52m 39s	$2.9M	$5.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BloFin. 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 BloFinbpFee LighterbpOrdersPrice spread, now +0.070%Rate

Funding earned: −$51.24
Price spread: +0.070% → +0.046%: $2.34
Slippage, 4 orders: −$19.29
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$80.19
Costs to cover: 0.313%
Break-even: never at this rate

Slippage from BloFin: live order book, 6 min ago; Lighter: live order book, 6 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 BloFin live order book, 6 min ago	2.32 bp	12.7 bp −$13	19.5 bp −$195	52.6 bp −$5,256	doesn't fit
Sell Lighter live order book, 6 min ago	2.32 bp	6.8 bp −$7	22.3 bp −$223	doesn't fit	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	−0.6090%	1h	0.004316	−0.009%	$20K	$8K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0054%	4h	0.004318	+0.046%	$22.5M	$95.5M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0020%	4h	0.004318	+0.046%	$41K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004318	+0.046%	$20K	$205K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004320	+0.093%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004320	+0.101%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0086%	4h	0.004315	−0.023%	$4.6M	$11.6M	75x	as long as short
Lighter PUMPshort	+0.0096%	1h	0.004319	+0.070%	$2.9M	$5.4M	10x
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.371%	$29K	$767K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004321	+0.126%	$42K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado PUMP-PERP	+0.0100%	1h	0.004320	+0.081%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004323	+0.162%	$158.3M	$52.6M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004315	−0.028%	$778K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004319	+0.070%	$448K	$607K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004319	+0.070%	$76.7M	$163.6M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004328	+0.278%	$25K	$178K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004321	+0.116%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004317	+0.023%	$22.8M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004315	−0.023%	$17.0M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004315	−0.023%	—	$12.7M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004315	−0.025%	$769K	$181K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004329	+0.293%	$63K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004331	+0.348%	$1.2M	$9.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004333	+0.394%	$137K	$768K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004323	+0.162%	$91K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004319	+0.068%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004319	+0.070%	$2K	$710K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004317	+0.023%	$712	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004315	−0.023%	$21K	$147K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004319	+0.070%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004313	−0.074%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004316	0.000%	$71K	$18K	3x	as long as short
01 Exchange PUMPUSD	+0.0136%	1h	0.004321	+0.116%	$6K	$497	10x	as long as short
RISEx PUMP/USDC	+0.0147%	1h	0.004322	+0.139%	$488K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0185%	1h	0.004333	+0.403%	$40K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0280%	1h	0.004332	+0.371%	$657K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0309% / S −0.0227%	1h	0.004319	+0.070%	$67K	—	100x	as long as short
BloFin PUMP-USDTlong	+0.0340%	4h	0.004316	long leg	$3.4M	$3.7M	75x
Reya PUMPRUSDPERP	+0.0344%	1h	0.004317	+0.027%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0347%	1h	0.004323	+0.154%	$180	$106K	10x	as long as short
Injective PUMP/USDC PERP	+0.0652%	1h	0.004337	+0.487%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0809%	1h	0.004324	+0.179%	$1.3M	$3.5M	50x	as long as short