Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.001%

Price spread now: BingX against Lighter−0.023%7-day average −0.099% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$280.280% of the position

Long on Lighter Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.063%−$6 on $10k

Price spread, last 7 days−0.112%−$11 · spread now −0.023%, 7d avg −0.099%

Together, before fees−0.175%+ Points / potential airdropLighter: Season 3 · farm board−$18 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: BingX is 0.075% dearer against Lighter than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.099%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PUMP	0.004325	0.0096	pay 0.0012% / 1h	14m 58s	$2.9M	$5.5M	10x
Short	BingX PUMP-USDT	0.004324	0.0100	get 0.0050% / 4h	2h 14m	—	$12.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.023%Rate

Funding earned: $0.84
Price spread: −0.023% → −0.099%: $7.54
Slippage, 4 orders: −$18.01
Fee Lighter: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$19.62
Costs to cover: 0.280%
Break-even: 170.5 days

Slippage from Lighter: live order book, 8 min ago; BingX: live order book, 8 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	1.15 bp	3.6 bp −$4	19.4 bp −$194	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	1.15 bp	9.6 bp −$10	14.9 bp −$149	39.8 bp −$3,979	130.2 bp −$65.1K

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	−0.5040%	1h	0.004331	+0.134%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0227%	1h	0.004327	+0.044%	$771K	$183K	5x	as long as short
Perpl PUMP	−0.0112%	43m	0.004325	0.000%	$20K	$206K	20x	as long as short
OKX PUMP-USDT-SWAP	−0.0068%	4h	0.004325	0.000%	$22.6M	$95.8M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0024%	4h	0.004326	+0.023%	$41K	$10K	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004328	+0.069%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004327	+0.046%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0050%	4h	0.004325	0.000%	$4.6M	$11.7M	75x	as long as short
01 Exchange PUMPUSD	+0.0088%	1h	0.004328	+0.069%	$6K	$497	10x	as long as short
Lighter PUMPlong	+0.0096%	1h	0.004325	long leg	$2.9M	$5.5M	10x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.578%	$29K	$766K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004327	+0.043%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004325	+0.012%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004332	+0.162%	$158.7M	$52.5M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004325	0.000%	$780K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004328	+0.069%	$449K	$611K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004326	+0.029%	$76.9M	$164.2M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004331	+0.148%	$25K	$179K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004326	+0.023%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004329	+0.092%	$22.9M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004325	0.000%	$17.1M	$19.1M	75x	as long as short
BingX PUMP-USDTshort	+0.0100%	4h	0.004324	−0.023%	—	$12.7M	—
edgeX PUMPUSDC	+0.0100%	4h	0.004333	+0.178%	$63K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004333	+0.176%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004336	+0.254%	$137K	$770K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004329	+0.092%	$91K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004327	+0.038%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004328	+0.069%	$2K	$710K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004325	0.000%	$713	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004331	+0.139%	$21K	$147K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004329	+0.092%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004326	+0.020%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004325	0.000%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004329	+0.083%	$491K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004335	+0.238%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004334	+0.208%	$658K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0307% / S −0.0225%	1h	0.004326	+0.023%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004326	+0.023%	$3.4M	$3.7M	75x	as long as short
Aftermath Perps PUMPUSD	+0.0341%	1h	0.004335	+0.224%	$180	$106K	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004325	+0.006%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	−0.023%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0686%	1h	0.004331	+0.149%	$1.3M	$3.5M	50x	as long as short