Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.001%

Price spread now: Lighter against Gate+0.180%7-day average +0.084% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$470.472% of the position

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.147%+$15 on $10k

Price spread, last 7 days−0.074%−$7 · spread now +0.180%, 7d avg +0.084%

Together, before fees+0.073%+ Points / potential airdropLighter: Season 3 · farm board+$7 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 0.096% dearer against Gate than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.084%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PUMP_USDT	0.004435	0.0100	pay 0.0050% / 4h	2h 32m	$4.9M	$10.4M	75x
Short	Lighter PUMP	0.004443	0.0096	get 0.0012% / 1h	32m 24s	$2.9M	$4.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Gate. 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 GatebpFee LighterbpOrdersPrice spread, now +0.180%Rate

Funding earned: −$0.84
Price spread: +0.180% → +0.084%: $9.59
Slippage, 4 orders: −$32.2
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: −$38.44
Costs to cover: 0.472%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; Lighter: live order book, 5 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 Gate live order book, 1 min ago	3.37 bp	18.2 bp −$18	44.4 bp −$444	84.7 bp −$8,472	doesn't fit
Sell Lighter live order book, 5 min ago	2.25 bp	4.4 bp −$4	7.9 bp −$79	72.3 bp −$7,226	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	−0.0015%	1h	0.004441	+0.143%	$20K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004437	+0.045%	$19K	$244K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004433	−0.048%	$54K	—	150x	as long as short
Lighter PUMPshort	+0.0096%	1h	0.004443	+0.180%	$2.9M	$4.6M	10x
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.789%	$29K	$638K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004442	+0.169%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004439	+0.093%	$706K	$2.2M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004442	+0.158%	$535K	$767K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004437	+0.046%	$81.5M	$167.0M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004433	−0.045%	$24.3M	$94.2M	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	0.004452	+0.388%	$31K	$166K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004442	+0.158%	$64K	$103K	10x	as long as short
Gate PUMP_USDTlong	+0.0100%	4h	0.004435	long leg	$4.9M	$10.4M	75x
KuCoin PUMPUSDTM	+0.0100%	4h	0.004441	+0.135%	$23.8M	$13.7M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004438	+0.068%	$17.6M	$18.9M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004434	−0.023%	—	$13.7M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004455	+0.451%	$802K	$203K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004491	+1.267%	$67K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004450	+0.336%	$1.2M	$10.0M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004504	+1.556%	$152K	$747K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004442	+0.158%	$113K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004433	−0.045%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004450	+0.335%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004453	+0.406%	$2K	$746K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004452	+0.383%	$279	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004452	+0.383%	$21K	$93K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004456	+0.474%	$2.0M	$3.9M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004435	+0.007%	$3.8M	$3.8M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004431	−0.090%	$66K	$10K	3x	as long as short
Paradex PUMP-USD-PERP	+0.0104%	8h	0.004443	+0.191%	$42K	$276	5x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0199%	1h	0.004453	+0.406%	$69K	$115K	25x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0271% / S −0.0200%	1h	0.004433	−0.045%	$53K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0320%	1h	0.004443	+0.180%	$6K	$600	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004459	+0.541%	$3.7M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004438	+0.064%	$2	—	3x	as long as short
Phoenix PUMP	+0.0356%	1h	0.004460	+0.570%	$45K	$119K	10x	as long as short
Hyperliquid PUMP	+0.0478%	1h	0.004442	+0.158%	$165.6M	$49.6M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0480%	1h	0.004460	+0.564%	$713K	$5.5M	50x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004463	+0.631%	$38K	$204K	12x	as long as short
RISEx PUMP/USDC	+0.0682%	1h	0.004444	+0.203%	$528K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0822%	1h	0.004452	+0.389%	$1.0M	$3.3M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1095%	1h	0.004458	+0.513%	$516	$106K	10x	as long as short