Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0013%/8h= −1.4% APRpaid last 24h −0.017%

Price spread now: OKX against Lighter−0.067%7-day average −0.098% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$320.325% of the position

Long on Lighter Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.121%−$12 on $10k

Price spread, last 7 days−0.041%−$4 · spread now −0.067%, 7d avg −0.098%

Together, before fees−0.162%+ Points / potential airdropLighter: Season 3 · farm board−$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.031% dearer against Lighter than usual: you sell high and buy low (spread −0.067% now, against its 7-day average of −0.098%): +$3 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 8.2 days. At the pace of the last 7 days (−0.121% in total) that is about 43 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PUMP	0.004468	0.0096	pay 0.0012% / 1h	17m 12s	$3.0M	$5.4M	10x
Short	OKX PUMP-USDT-SWAP	0.004465	0.0083	get 0.0042% / 4h	3h 17m	$23.5M	$98.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.067%Rate

Funding earned: −$2.63
Price spread: −0.067% → −0.098%: $3.08
Slippage, 4 orders: −$22.48
Fee Lighter: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$32.03
Costs to cover: 0.325%
Break-even: never at this rate

Slippage from Lighter: live order book, 6 min ago; OKX: 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	1.13 bp	7.7 bp −$8	32.8 bp −$328	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	1.13 bp	9.1 bp −$9	24.0 bp −$240	163.4 bp −$16.3K	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	−0.0042%	1h	0.004469	+0.025%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004468	0.000%	$18K	$204K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004466	−0.045%	$71K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004465	−0.065%	$56K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0053%	4h	0.004466	−0.045%	$42K	$10K	10x	as long as short
OKX PUMP-USDT-SWAPshort	+0.0083%	4h	0.004465	−0.067%	$23.5M	$98.7M	50x
Lighter PUMPlong	+0.0096%	1h	0.004468	long leg	$3.0M	$5.4M	10x
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.522%	$28K	$777K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004468	+0.011%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004467	−0.014%	$726K	$2.3M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PUMP	+0.0100%	1h	0.004461	−0.157%	$475K	$627K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004469	+0.013%	$80.3M	$164.0M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004458	−0.228%	$26K	$169K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004471	+0.067%	$43K	$52K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004467	−0.022%	$4.8M	$10.6M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004471	+0.067%	$23.7M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004467	−0.022%	$17.9M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004465	−0.067%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004452	−0.347%	$793K	$172K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004439	−0.658%	$65K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004438	−0.663%	$1.2M	$10.4M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004440	−0.627%	$140K	$759K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004472	+0.090%	$107K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004466	−0.046%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004467	−0.022%	$2K	$725K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004466	−0.045%	$280	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004464	−0.090%	$21K	$135K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004469	+0.022%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004468	−0.009%	$42K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004466	−0.055%	$3.7M	$3.6M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004462	−0.134%	$71K	$12K	3x	as long as short
01 Exchange PUMPUSD	+0.0216%	1h	0.004467	−0.022%	$6K	$830	10x	as long as short
Phoenix PUMP	+0.0237%	1h	0.004435	−0.745%	$40K	$99K	10x	as long as short
RISEx PUMP/USDC	+0.0297%	1h	0.004471	+0.071%	$488K	$1.0M	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004465	−0.067%	$3.6M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004465	−0.071%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0352%	1h	0.004470	+0.045%	$742K	$5.7M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0352% / S −0.0290%	1h	0.004465	−0.067%	$74K	—	100x	as long as short
Injective PUMP/USDC PERP	+0.0480%	1h	0.004476	+0.179%	$39K	$204K	12x	as long as short
Hyperliquid PUMP	+0.0508%	1h	0.004475	+0.157%	$165.3M	$54.2M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0687%	1h	0.004444	−0.541%	$388	$109K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0920%	1h	0.004471	+0.078%	$1.3M	$3.5M	50x	as long as short