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 −0.001%

Price spread now: Gate against Lighter−0.022%7-day average −0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$460.458% of the position

Long on Lighter Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.147%−$15 on $10k

Price spread, last 7 days−0.084%−$8 · spread now −0.022%, 7d avg −0.084%

Together, before fees−0.232%+ Points / potential airdropLighter: Season 3 · farm board−$23 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: Gate is 0.062% dearer against Lighter than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.084%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PUMP	0.004550	0.0096	pay 0.0012% / 1h	0m 36s	$2.9M	$4.7M	10x
Short	Gate PUMP_USDT	0.004549	0.0100	get 0.0050% / 4h	2h 00m	$5.0M	$10.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.022%Rate

Funding earned: $0.84
Price spread: −0.022% → −0.084%: $6.25
Slippage, 4 orders: −$30.85
Fee Lighter: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$38.76
Costs to cover: 0.458%
Break-even: 330.0 days

Slippage from Lighter: live order book, 7 min ago; Gate: 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	2.20 bp	6.4 bp −$6	11.4 bp −$114	88.1 bp −$8,811	doesn't fit
Sell Gate live order book, 3 min ago	3.29 bp	20.5 bp −$21	45.0 bp −$450	77.5 bp −$7,754	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	−0.0007%	1h	0.004544	−0.130%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004557	+0.154%	$18K	$254K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004560	+0.227%	$56K	—	150x	as long as short
Lighter PUMPlong	+0.0096%	1h	0.004550	long leg	$2.9M	$4.7M	10x
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−1.099%	$30K	$644K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004550	0.000%	$839K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004550	0.000%	$542K	$884K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004548	−0.043%	$83.7M	$169.5M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004546	−0.088%	$24.9M	$99.1M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004553	+0.059%	$27K	$170K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus PUMP-USD	+0.0100%	1h	0.004548	−0.044%	$66K	$95K	10x	as long as short
Gate PUMP_USDTshort	+0.0100%	4h	0.004549	−0.022%	$5.0M	$10.6M	75x
KuCoin PUMPUSDTM	+0.0100%	4h	0.004552	+0.044%	$24.6M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004544	−0.132%	$18.2M	$18.9M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004544	−0.132%	—	$14.1M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004555	+0.121%	$819K	$197K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004556	+0.129%	$67K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004558	+0.176%	$1.3M	$10.3M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004563	+0.286%	$154K	$748K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004562	+0.264%	$112K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004561	+0.242%	$43K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004560	+0.213%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004557	+0.154%	$2K	$758K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004558	+0.176%	$286	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004558	+0.176%	$22K	$94K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004560	+0.220%	$2.0M	$3.9M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004544	−0.129%	$3.9M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004560	+0.220%	$68K	$10K	3x	as long as short
Paradex PUMP-USD-PERP	+0.0107%	8h	0.004550	−0.010%	$43K	$276	5x	as long as short
Nado PUMP-PERP	+0.0141%	1h	0.004561	+0.231%	$1.7M	$2.1M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0273% / S −0.0200%	1h	0.004558	+0.176%	$55K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004555	+0.110%	$3.8M	$4.6M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004560	+0.214%	$2	—	3x	as long as short
01 Exchange PUMPUSD	+0.0344%	1h	0.004564	+0.308%	$6K	$600	10x	as long as short
Phoenix PUMP	+0.0356%	1h	0.004568	+0.398%	$48K	$119K	10x	as long as short
Hyperliquid PUMP	+0.0478%	1h	0.004557	+0.154%	$170.5M	$50.8M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0480%	1h	0.004565	+0.330%	$725K	$5.8M	50x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004576	+0.571%	$38K	$204K	12x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0627%	1h	0.004563	+0.286%	$71K	$115K	25x	as long as short
RISEx PUMP/USDC	+0.0682%	1h	0.004549	−0.022%	$543K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0803%	1h	0.004560	+0.213%	$1.1M	$3.4M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1126%	1h	0.004554	+0.078%	$728	$111K	10x	as long as short