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 0.000%

Price spread now: Binance against Lighter+0.015%7-day average −0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$250.247% of the position

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.112%−$11 on $10k

Price spread, last 7 days−0.112%−$11 · spread now +0.015%, 7d avg −0.083%

Together, before fees−0.224%+ Points / potential airdropLighter: Season 3 · farm board−$22 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: Binance is 0.099% dearer against Lighter than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PUMP	0.004421	0.0096	pay 0.0012% / 1h	39m 26s	$2.8M	$4.6M	10x
Short	Binance PUMPUSDT	0.004422	0.0100	get 0.0050% / 4h	2h 39m	$80.7M	$165.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Lighter. 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 LighterbpFee BinancebpOrdersPrice spread, now +0.015%Rate

Funding earned: $0.84
Price spread: +0.015% → −0.083%: $9.86
Slippage, 4 orders: −$14.66
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$13.96
Costs to cover: 0.247%
Break-even: 123.3 days

Slippage from Lighter: live order book, 8 min ago; Binance: live order book, 4 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 Lighter live order book, 8 min ago	1.11 bp	3.3 bp −$3	6.7 bp −$67	66.1 bp −$6,610	doesn't fit
Sell Binance live order book, 4 min ago	1.12 bp	8.5 bp −$8	16.5 bp −$165	49.3 bp −$4,932	222.2 bp −$111.1K

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	−0.0020%	1h	0.004420	−0.023%	$20K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004414	−0.158%	$18K	$238K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004428	+0.158%	$69K	$115K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004423	+0.046%	$54K	—	150x	as long as short
Gate PUMP_USDT	+0.0052%	4h	0.004417	−0.090%	$4.9M	$10.4M	75x	as long as short
Lighter PUMPlong	+0.0096%	1h	0.004421	long leg	$2.8M	$4.6M	10x
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.475%	$28K	$622K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004420	−0.011%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004421	0.000%	$704K	$2.1M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004421	0.000%	$532K	$767K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PUMPUSDTshort	+0.0100%	4h	0.004422	+0.015%	$80.7M	$165.2M	75x
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004427	+0.136%	$24.2M	$93.6M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004434	+0.285%	$32K	$160K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004417	−0.090%	$64K	$101K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004421	0.000%	$23.7M	$13.6M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004425	+0.090%	$17.5M	$18.6M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004420	−0.023%	—	$13.7M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004420	−0.025%	$796K	$203K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004475	+1.227%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004446	+0.565%	$1.2M	$10.0M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004455	+0.769%	$150K	$745K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004420	−0.023%	$109K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004426	+0.113%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004425	+0.093%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004427	+0.136%	$2K	$738K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004426	+0.113%	$278	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004434	+0.294%	$21K	$93K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004419	−0.045%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0103%	8h	0.004420	−0.027%	$42K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004426	+0.121%	$3.7M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004425	+0.090%	$66K	$10K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0271% / S −0.0200%	1h	0.004424	+0.068%	$53K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0320%	1h	0.004417	−0.090%	$6K	$600	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004448	+0.611%	$3.7M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004422	+0.019%	$2	—	3x	as long as short
Phoenix PUMP	+0.0356%	1h	0.004478	+1.289%	$44K	$119K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0480%	1h	0.004430	+0.204%	$702K	$5.4M	50x	as long as short
Hyperliquid PUMP	+0.0511%	1h	0.004427	+0.136%	$165.4M	$48.7M	10x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004430	+0.204%	$38K	$204K	12x	as long as short
RISEx PUMP/USDC	+0.0682%	1h	0.004418	−0.079%	$525K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0827%	1h	0.004428	+0.159%	$1.0M	$3.2M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1095%	1h	0.004464	+0.982%	$517	$103K	10x	as long as short