PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.028%

Price spread now: Lighter against Deribit+0.068%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$3as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$380.381% of the position

Long on Deribit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.348%+$35 on $10k

Price spread, last 3 days (all we have)−0.107%−$11 · spread now +0.068%, 7d avg +0.039%

Together, before fees+0.241%+ Points / potential airdropLighter: Season 3 · farm board+$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter is 0.029% dearer against Deribit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit PUMP_USDC-PERPETUAL	0.004385	0	get 0.0000% / 1h	54m 03s	$70K	$124K	25x
Short	Lighter PUMP	0.004388	0.0096	get 0.0012% / 1h	54m 03s	$2.8M	$5.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Deribit. 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 DeribitbpFee LighterbpOrdersPrice spread, now +0.068%Rate

Funding earned: $20.16
Price spread: +0.068% → +0.039%: $2.9
Slippage, 4 orders: −$31.12
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: −$15.06
Costs to cover: 0.381%
Break-even: 12.2 days

Slippage from Deribit: live order book, 14 min ago; Lighter: live order book, 9 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 Deribit live order book, 14 min ago	8.93 bp	12.4 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 9 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	+0.433%	$139K	$759K	50x	as long as short
dYdX PUMP-USD	0.0000%	1h	0.004396	+0.258%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004385	0.000%	$20K	$200K	20x	as long as short
Deribit PUMP_USDC-PERPETUALlong	0.0000%	1h	0.004385	long leg	$70K	$124K	25x
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004384	−0.027%	$53K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0059%	4h	0.004385	0.000%	$41K	$10K	10x	as long as short
Lighter PUMPshort	+0.0096%	1h	0.004388	+0.068%	$2.8M	$5.4M	10x
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.938%	$26K	$770K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004386	+0.027%	$703K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004394	+0.205%	$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 PUMPUSDT	+0.0100%	4h	0.004395	+0.227%	$78.9M	$164.9M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004399	+0.319%	$23.4M	$96.3M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004393	+0.173%	$26K	$166K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004380	−0.114%	$39K	$60K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004390	+0.114%	$4.8M	$10.4M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004402	+0.388%	$23.4M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004400	+0.342%	$17.6M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004392	+0.160%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004391	+0.141%	$782K	$179K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004405	+0.462%	$65K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004395	+0.220%	$1.2M	$10.4M	10x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004389	+0.091%	$101K	$2.0M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004386	+0.031%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004385	0.000%	$2K	$732K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004388	+0.068%	$275	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004385	0.000%	$21K	$117K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004387	+0.046%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004387	+0.046%	$42K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004398	+0.307%	$3.7M	$4.1M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004387	+0.046%	$70K	$9K	3x	as long as short
Nado PUMP-PERP	+0.0206%	1h	0.004385	+0.011%	$1.6M	$2.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0208%	1h	0.004382	−0.068%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0237%	1h	0.004402	+0.379%	$39K	$103K	10x	as long as short
RISEx PUMP/USDC	+0.0322%	1h	0.004381	−0.091%	$478K	$996K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004392	+0.160%	$3.6M	$4.3M	75x	as long as short
Hyperliquid PUMP	+0.0343%	1h	0.004398	+0.296%	$161.8M	$53.8M	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004381	−0.084%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0357% / S −0.0297%	1h	0.004385	0.000%	$73K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004392	+0.160%	$685K	$5.5M	50x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004401	+0.365%	$39K	$203K	12x	as long as short
Aftermath Perps PUMPUSD	+0.0719%	1h	0.004416	+0.711%	$386	$110K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1267%	1h	0.004392	+0.169%	$1.3M	$3.1M	50x	as long as short