PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0761%/8h= −83.3% APRnext payment −$0.95 per $10,000 · paid last 24h −0.280%

Price spread now: Lighter against Kraken Futures−0.179%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$400.405% of the position

Long on Kraken Futures Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.139%−$14 on $10k

Price spread, last 3 days (all we have)+0.175%+$18 · spread now −0.179%, 7d avg +0.002%

Together, before fees+0.036%+ Points / potential airdropLighter: Season 3 · farm board+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Lighter is 0.181% cheaper against Kraken Futures than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.002%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.139% in total (about -7.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.95 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_PUMPUSD	0.004408	0.0857	pay 0.0107% / 1h	53m 10s	$1.3M	$3.5M	50x
Short	Lighter PUMP	0.004400	0.0096	get 0.0012% / 1h	53m 10s	$2.9M	$5.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Kraken Futures. 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 Kraken FuturesbpFee LighterbpOrdersPrice spread, now −0.179%Rate

Funding earned: −$159.81
Price spread: −0.179% → +0.002%: −$18.07
Slippage, 4 orders: −$30.46
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$218.34
Costs to cover: 0.405%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 1 min ago; Lighter: live order book, 10 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 Kraken Futures live order book, 1 min ago	4.53 bp	13.7 bp −$14	38.1 bp −$381	doesn't fit	doesn't fit
Sell Lighter live order book, 10 min ago	1.14 bp	3.3 bp −$3	6.6 bp −$66	65.3 bp −$6,531	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
OKX PUMP-USDT-SWAP	−0.0019%	4h	0.004399	−0.202%	$23.0M	$97.3M	50x	as long as short
dYdX PUMP-USD	0.0000%	1h	0.004395	−0.284%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004403	−0.111%	$18K	$203K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004405	−0.066%	$70K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004404	−0.084%	$56K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0003%	4h	0.004403	−0.111%	$41K	$10K	10x	as long as short
Lighter PUMPshort	+0.0096%	1h	0.004400	−0.179%	$2.9M	$5.5M	10x
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.179%	$29K	$765K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004401	−0.160%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004405	−0.054%	$1.7M	$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
Aster PUMPUSDT	+0.0100%	4h	0.004402	−0.132%	$783K	$2.2M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004403	−0.111%	$459K	$605K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004399	−0.212%	$78.4M	$164.5M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004399	−0.211%	$26K	$176K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004406	−0.043%	$43K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004400	−0.179%	$4.7M	$11.4M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004403	−0.111%	$23.3M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004402	−0.134%	$17.5M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004402	−0.134%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004400	−0.170%	$784K	$183K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004404	−0.093%	$65K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004411	+0.064%	$1.2M	$10.0M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004402	−0.134%	$139K	$767K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004409	+0.025%	$98K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004403	−0.106%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004405	−0.066%	$1K	$718K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004402	−0.134%	$288	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004401	−0.156%	$22K	$138K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004402	−0.134%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004402	−0.141%	$3.6M	$3.8M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004403	−0.111%	$73K	$18K	3x	as long as short
Phoenix PUMP	+0.0164%	1h	0.004413	+0.123%	$40K	$100K	10x	as long as short
Injective PUMP/USDC PERP	+0.0182%	1h	0.004403	−0.111%	$39K	$207K	12x	as long as short
RISEx PUMP/USDC	+0.0194%	1h	0.004407	−0.009%	$491K	$1.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0304%	1h	0.004405	−0.066%	$6K	$497	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0312%	1h	0.004411	+0.071%	$699K	$5.6M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0319% / S −0.0239%	1h	0.004403	−0.111%	$69K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004402	−0.134%	$3.5M	$3.9M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004403	−0.113%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0446%	1h	0.004395	−0.300%	$183	$106K	10x	as long as short
Hyperliquid PUMP	+0.0538%	1h	0.004405	−0.066%	$162.2M	$52.9M	10x	as long as short
Kraken Futures PF_PUMPUSDlong	+0.0857%	1h	0.004408	long leg	$1.3M	$3.5M	50x