Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0036%/8h= −3.9% APRpaid last 24h +0.024%

Price spread now: Lighter against GRVT−0.116%78s7-day average +0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs+$13as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$220.219% of the position

Long on GRVT Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.353%+$35 on $10k

Price spread, last 7 days+0.202%+$20 · spread now −0.116%, 7d avg +0.084%

Together, before fees+0.555%+ Points / potential airdropGRVT: Active · Lighter: Season 3 · farm board+$56 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter is 0.200% cheaper against GRVT than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of +0.084%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.353%, so the current rate has only just turned against you. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT PUMP_USDT_Perp	0.004320	0.0100	pay 0.0050% / 4h	2h 57m	$1.2M	$9.6M	10x
Short	Lighter PUMP	0.004315	0.0064	get 0.0008% / 1h	57m 57s	$2.9M	$5.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against GRVT. 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 GRVTbpFee LighterbpOrdersPrice spread, now −0.116%Rate

Funding earned: −$7.56
Price spread: −0.116% → +0.084%: −$19.98
Slippage, 4 orders: −$12.9
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$49.44
Costs to cover: 0.219%
Break-even: never at this rate

Slippage from GRVT: live order book, 6 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 GRVT live order book, 6 min ago	1.16 bp	6.5 bp −$6	16.0 bp −$160	115.5 bp −$11.5K	doesn't fit
Sell Lighter live order book, 5 min ago	2.31 bp	4.5 bp −$4	8.1 bp −$81	70.1 bp −$7,010	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	−0.5790%	1h	0.004322	+0.047%	$20K	$8K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0040%	4h	0.004314	−0.139%	$22.6M	$95.3M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0013%	4h	0.004314	−0.139%	$41K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004320	0.000%	$20K	$201K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004317	−0.069%	$70K	$125K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004318	−0.045%	$55K	—	150x	as long as short
Lighter PUMPshort	+0.0064%	1h	0.004315	−0.116%	$2.9M	$5.5M	10x
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.463%	$29K	$775K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004322	+0.045%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004316	−0.081%	$1.6M	$2.0M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid PUMP	+0.0100%	1h	0.004320	0.000%	$158.1M	$52.3M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004318	−0.053%	$784K	$2.1M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004322	+0.046%	$449K	$614K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004316	−0.093%	$76.6M	$165.7M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004317	−0.081%	$20K	$178K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004321	+0.023%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004313	−0.162%	$4.6M	$11.6M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004317	−0.069%	$22.8M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004313	−0.162%	$17.1M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004317	−0.069%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004313	−0.153%	$770K	$186K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004320	−0.001%	$63K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perplong	+0.0100%	4h	0.004320	long leg	$1.2M	$9.6M	10x
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004322	+0.046%	$136K	$766K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004321	+0.023%	$110K	$1.8M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004316	−0.097%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004317	−0.069%	$2K	$711K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004314	−0.139%	$711	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004317	−0.069%	$21K	$146K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004317	−0.069%	$2.0M	$4.1M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004313	−0.162%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004314	−0.139%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004322	+0.046%	$492K	$1.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0144%	1h	0.004321	+0.023%	$6K	$497	10x	as long as short
Phoenix PUMP	+0.0167%	1h	0.004323	+0.076%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004326	+0.139%	$657K	$5.5M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0222%	1h	0.004318	−0.046%	$67K	—	100x	as long as short
Aftermath Perps PUMPUSD	+0.0336%	1h	0.004320	−0.006%	$200	$105K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004324	+0.093%	$3.5M	$3.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004317	−0.080%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004334	+0.324%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0687%	1h	0.004319	−0.015%	$1.3M	$3.5M	50x	as long as short