PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.019%

Price spread now: Deribit against Lighter+0.202%7-day average −0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as in the Funding arb table

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

costs, in and out, $10k−$310.314% of the position

Long on Lighter Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.338%−$34 on $10k

Price spread, last 4 days (all we have)−0.183%−$18 · spread now +0.202%, 7d avg −0.045%

Together, before fees−0.521%+ Points / potential airdropLighter: Season 3 · farm board−$52 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.247% dearer against Lighter than usual: you sell high and buy low (spread +0.202% now, against its 7-day average of −0.045%): +$25 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 8.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PUMP	0.004464	0.0096	pay 0.0012% / 1h	41m 31s	$2.9M	$4.6M	10x
Short	Deribit PUMP_USDC-PERPETUAL	0.004473	0	get 0.0000% / 1h	41m 31s	$70K	$115K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.202%Rate

Funding earned: −$20.16
Price spread: +0.202% → −0.045%: $24.66
Slippage, 4 orders: −$24.38
Fee Lighter: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$26.88
Costs to cover: 0.314%
Break-even: never at this rate

Slippage from Lighter: live order book, 6 min ago; Deribit: live order book, 2 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, 6 min ago	1.11 bp	3.3 bp −$3	6.7 bp −$67	66.1 bp −$6,610	doesn't fit
Sell Deribit live order book, 2 min ago	7.82 bp	13.5 bp −$14	doesn't fit	doesn't fit	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	−0.0022%	1h	0.004463	−0.015%	$20K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004458	−0.134%	$18K	$237K	20x	as long as short
Deribit PUMP_USDC-PERPETUALshort	0.0000%	1h	0.004473	+0.202%	$70K	$115K	25x
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004456	−0.172%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0062%	4h	0.004461	−0.067%	$4.9M	$10.3M	75x	as long as short
Lighter PUMPlong	+0.0096%	1h	0.004464	long leg	$2.9M	$4.6M	10x
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.434%	$28K	$619K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004462	−0.034%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004462	−0.044%	$711K	$2.1M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004463	−0.022%	$534K	$761K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PUMPUSDT	+0.0100%	4h	0.004464	−0.003%	$81.4M	$164.1M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004457	−0.157%	$24.5M	$93.8M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004458	−0.125%	$32K	$161K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004465	+0.022%	$65K	$101K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004463	−0.022%	$23.9M	$13.6M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004460	−0.090%	$17.7M	$18.5M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004462	−0.045%	—	$13.7M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004467	+0.076%	$801K	$201K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004475	+0.252%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004489	+0.560%	$1.3M	$10.1M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004472	+0.179%	$151K	$746K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004464	0.000%	$110K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004471	+0.157%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004471	+0.166%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004472	+0.179%	$2K	$735K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004471	+0.157%	$281	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004466	+0.045%	$21K	$93K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004469	+0.112%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0103%	8h	0.004465	+0.031%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004470	+0.134%	$66K	$10K	3x	as long as short
Extended PUMP-USD	+0.0112%	1h	0.004463	−0.015%	$3.8M	$3.7M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0271% / S −0.0200%	1h	0.004456	−0.179%	$54K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0320%	1h	0.004467	+0.067%	$6K	$600	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004468	+0.090%	$3.7M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004459	−0.116%	$2	—	3x	as long as short
Phoenix PUMP	+0.0356%	1h	0.004478	+0.314%	$46K	$119K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0480%	1h	0.004478	+0.314%	$716K	$5.5M	50x	as long as short
Hyperliquid PUMP	+0.0545%	1h	0.004465	+0.022%	$167.2M	$48.6M	10x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004492	+0.627%	$39K	$204K	12x	as long as short
RISEx PUMP/USDC	+0.0682%	1h	0.004467	+0.059%	$531K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0819%	1h	0.004471	+0.165%	$1.0M	$3.2M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1091%	1h	0.004483	+0.417%	$519	$102K	10x	as long as short