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: edgeX against Lighter+0.259%7-day average −0.123% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs+$2as in the Price arb table

costs, in and out, $10k−$370.366% of the position

Long on Lighter Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.114%−$11 on $10k

Price spread, last 7 days−0.404%−$40 · spread now +0.259%, 7d avg −0.123%

Together, before fees−0.518%+ Points / potential airdropLighter: Season 3 · edgeX: Active · farm board−$52 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: edgeX is 0.383% dearer against Lighter than usual: you sell high and buy low, +$38 on $10k if it goes back to its 7-day average of −0.123%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PUMP	0.004299	0.0096	pay 0.0012% / 1h	51m 01s	$2.9M	$5.5M	10x
Short	edgeX PUMPUSDC	0.004310	0.0100	get 0.0050% / 4h	2h 51m	$63K	$3.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.259%Rate

Funding earned: $0.84
Price spread: +0.259% → −0.123%: $38.3
Slippage, 4 orders: −$27.59
Fee Lighter: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $2.54
Costs to cover: 0.366%
Break-even: from the start

Slippage from Lighter: live order book, 7 min ago; edgeX: live order book, 3 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, 7 min ago	1.16 bp	4.8 bp −$5	11.1 bp −$111	doesn't fit	doesn't fit
Sell edgeX live order book, 3 min ago	3.48 bp	8.0 bp −$8	10.6 bp −$106	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	−0.4465%	1h	0.004300	+0.022%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0462%	1h	0.004299	+0.007%	$769K	$185K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0075%	4h	0.004301	+0.047%	$22.5M	$94.5M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0015%	4h	0.004298	−0.023%	$40K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004297	−0.047%	$19K	$203K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004301	+0.047%	$68K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004299	−0.005%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0066%	4h	0.004300	+0.023%	$4.6M	$11.6M	75x	as long as short
Lighter PUMPlong	+0.0096%	1h	0.004299	long leg	$2.9M	$5.5M	10x
Popdex PUMPUSDT	+0.0096%	1h	0.004200	−2.303%	$28K	$775K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004298	−0.023%	$41K	—	5x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004305	+0.140%	$157.5M	$52.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004301	+0.057%	$781K	$2.1M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004298	−0.023%	$447K	$614K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004302	+0.077%	$76.3M	$164.9M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004312	+0.298%	$20K	$177K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004298	−0.023%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004303	+0.093%	$22.7M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004301	+0.047%	$16.9M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004300	+0.023%	—	$12.8M	—	as long as short
edgeX PUMPUSDCshort	+0.0100%	4h	0.004310	+0.259%	$63K	$3.1M	20x
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004321	+0.512%	$1.2M	$9.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004314	+0.349%	$136K	$767K	50x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004296	−0.058%	$1.6M	$2.0M	10x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004300	+0.023%	$107K	$1.8M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004300	+0.024%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004299	0.000%	$1K	$709K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004297	−0.047%	$709	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004296	−0.070%	$21K	$146K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004295	−0.093%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004302	+0.074%	$3.5M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004298	−0.023%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004300	+0.023%	$490K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004311	+0.272%	$39K	$99K	10x	as long as short
01 Exchange PUMPUSD	+0.0144%	1h	0.004298	−0.023%	$6K	$497	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004302	+0.070%	$654K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0221%	1h	0.004299	0.000%	$66K	—	100x	as long as short
Aftermath Perps PUMPUSD	+0.0329%	1h	0.004312	+0.301%	$271	$106K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004299	0.000%	$3.4M	$3.6M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004297	−0.055%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	+0.582%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0690%	1h	0.004303	+0.086%	$1.3M	$3.5M	50x	as long as short