Funding arb · Price arb /

PUMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.018%

Price spread now: Orderly against Lighter+0.091%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.091% dearer against Lighter than usual: you sell high and buy low, +$9 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PUMP	0.004376	0.0096	pay 0.0012% / 1h	53m 27s	$2.8M	$5.4M	10x
Short	Orderly PERP_PUMP_USDC	0.004380	0.0100	get 0.0050% / 4h	53m 27s	$41K	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.091%Rate

Funding earned: $0.84
Price spread: +0.091% → 0.000%: $9.14
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: $3.98
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Lighter: live order book, 4 min ago; Orderly: no order-book sample. Net counts fees only.

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, 4 min ago	2.28 bp	8.1 bp −$8	29.3 bp −$293	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Backpack PUMP_USDC_PERP	−0.0585%	1h	0.004383	+0.155%	$776K	$199K	5x	as long as short
dYdX PUMP-USD	0.0000%	1h	0.004375	−0.018%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004377	+0.023%	$18K	$235K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004383	+0.160%	$70K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004379	+0.077%	$53K	—	150x	as long as short
Lighter PUMPlong	+0.0096%	1h	0.004376	long leg	$2.8M	$5.4M	10x
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.737%	$29K	$819K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004382	+0.141%	$689K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004375	−0.023%	$486K	$817K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004377	+0.017%	$79.4M	$172.7M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004379	+0.069%	$23.8M	$96.9M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004378	+0.057%	$36K	$186K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004378	+0.046%	$64K	$99K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004373	−0.069%	$4.8M	$11.1M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004377	+0.023%	$23.4M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004377	+0.023%	$17.5M	$20.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004374	−0.046%	—	$12.9M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004393	+0.387%	$64K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004401	+0.564%	$1.2M	$10.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004390	+0.320%	$146K	$751K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004382	+0.137%	$97K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDCshort	+0.0100%	4h	0.004380	+0.091%	$41K	$11K	10x
Derive PUMP-PERP	+0.0100%	1h	0.004381	+0.111%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004382	+0.137%	$2K	$762K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004381	+0.114%	$275	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004367	−0.206%	$21K	$117K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004379	+0.069%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004374	−0.042%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004380	+0.091%	$70K	$11K	3x	as long as short
Nado PUMP-PERP	+0.0134%	1h	0.004377	+0.034%	$1.6M	$2.1M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0191% / S −0.0050%	1h	0.004382	+0.137%	$59K	—	100x	as long as short
Extended PUMP-USD	+0.0208%	1h	0.004372	−0.084%	$3.8M	$4.3M	50x	as long as short
01 Exchange PUMPUSD	+0.0256%	1h	0.004379	+0.069%	$6K	$727	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004394	+0.411%	$3.6M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004379	+0.063%	$2	—	3x	as long as short
Phoenix PUMP	+0.0345%	1h	0.004402	+0.585%	$43K	$120K	10x	as long as short
Hyperliquid PUMP	+0.0369%	1h	0.004384	+0.183%	$163.5M	$56.1M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0440%	1h	0.004384	+0.183%	$692K	$5.8M	50x	as long as short
RISEx PUMP/USDC	+0.0570%	1h	0.004378	+0.042%	$520K	$1.0M	10x	as long as short
Injective PUMP/USDC PERP	+0.0706%	1h	0.004404	+0.640%	$38K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0808%	1h	0.004385	+0.199%	$1.0M	$3.4M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0891%	1h	0.004396	+0.450%	$581	$115K	10x	as long as short