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 −0.002%

Price spread now: GRVT against Lighter+0.380%7-day average −0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs+$27as in the Price arb table

costs, in and out, $10k−$200.197% of the position

Long on Lighter Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.303%−$30 on $10k

Price spread, last 7 days−0.509%−$51 · spread now +0.380%, 7d avg −0.083%

Together, before fees−0.813%+ Points / potential airdropLighter: Season 3 · GRVT: Active · farm board−$81 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: GRVT is 0.463% dearer against Lighter than usual: you sell high and buy low, +$46 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	0.004472	0.0096	pay 0.0012% / 1h	42m 59s	$2.9M	$4.6M	10x
Short	GRVT PUMP_USDT_Perp	0.004489	0.0100	get 0.0050% / 4h	2h 42m	$1.3M	$10.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.380%Rate

Funding earned: $0.84
Price spread: +0.380% → −0.083%: $46.32
Slippage, 4 orders: −$10.68
Fee Lighter: 0 bp × 2 orders: $0
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $27.48
Costs to cover: 0.197%
Break-even: from the start

Slippage from Lighter: live order book, 5 min ago; GRVT: live order book, 6 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, 5 min ago	1.11 bp	3.3 bp −$3	6.7 bp −$67	66.1 bp −$6,610	doesn't fit
Sell GRVT live order book, 6 min ago	1.11 bp	6.6 bp −$7	35.3 bp −$353	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	−0.0025%	1h	0.004482	+0.226%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004471	−0.022%	$18K	$237K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004468	−0.089%	$69K	$115K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004471	−0.019%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0040%	4h	0.004468	−0.089%	$4.9M	$10.3M	75x	as long as short
Lighter PUMPlong	+0.0096%	1h	0.004472	long leg	$2.9M	$4.6M	10x
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.610%	$28K	$617K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004471	−0.011%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004473	+0.026%	$712K	$2.1M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004479	+0.157%	$536K	$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	0.004474	+0.051%	$81.6M	$164.0M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004476	+0.089%	$24.6M	$94.2M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004486	+0.304%	$32K	$162K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004476	+0.089%	$65K	$101K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004469	−0.067%	$23.9M	$13.6M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004470	−0.045%	$17.8M	$18.5M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004473	+0.022%	—	$13.7M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004468	−0.092%	$801K	$201K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004495	+0.519%	$66K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perpshort	+0.0100%	4h	0.004489	+0.380%	$1.3M	$10.1M	10x
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004493	+0.470%	$152K	$747K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004477	+0.112%	$110K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004468	−0.089%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004469	−0.059%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004469	−0.067%	$2K	$735K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004469	−0.067%	$280	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004467	−0.112%	$21K	$93K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004470	−0.045%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0103%	8h	0.004482	+0.215%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004467	−0.112%	$66K	$10K	3x	as long as short
Extended PUMP-USD	+0.0128%	1h	0.004471	−0.014%	$3.8M	$3.7M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0272% / S −0.0200%	1h	0.004470	−0.045%	$54K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0320%	1h	0.004476	+0.089%	$6K	$600	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004468	−0.089%	$3.7M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004473	+0.018%	$2	—	3x	as long as short
Phoenix PUMP	+0.0356%	1h	0.004499	+0.613%	$46K	$119K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0480%	1h	0.004478	+0.134%	$717K	$5.5M	50x	as long as short
Hyperliquid PUMP	+0.0554%	1h	0.004474	+0.045%	$167.8M	$48.4M	10x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004492	+0.447%	$39K	$204K	12x	as long as short
RISEx PUMP/USDC	+0.0682%	1h	0.004476	+0.101%	$532K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0819%	1h	0.004471	−0.022%	$1.0M	$3.2M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1091%	1h	0.004490	+0.404%	$520	$102K	10x	as long as short