Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h 0.000%

Price spread now: Paradex against Lighter−0.154%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 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 · Paradex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.154% cheaper against Lighter than usual: you would sell low and buy high, −$15 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	0.004344	0.0096	pay 0.0012% / 1h	21m 56s	$2.9M	$5.5M	10x
Short	Paradex PUMP-USD-PERP	0.004337	0.0100	get 0.0100% / 8h	1h 21m	$42K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.154%Rate

Funding earned: $0.84
Price spread: −0.154% → 0.000%: −$15.38
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$18.54
Costs to cover: 0.040%
Break-even: 161.6 days

Slippage unknown: Lighter: live order book, 6 min ago; Paradex: 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, 6 min ago	2.31 bp	4.5 bp −$4	7.9 bp −$79	109.0 bp −$10.9K	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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
dYdX PUMP-USD	−0.5240%	1h	0.004337	−0.150%	$20K	$9K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0044%	4h	0.004344	0.000%	$22.7M	$95.8M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0007%	4h	0.004341	−0.069%	$41K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004339	−0.115%	$20K	$203K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004345	+0.023%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004342	−0.041%	$55K	—	150x	as long as short
Backpack PUMP_USDC_PERP	+0.0057%	1h	0.004347	+0.064%	$775K	$180K	5x	as long as short
Lighter PUMPlong	+0.0096%	1h	0.004344	long leg	$2.9M	$5.5M	10x
01 Exchange PUMPUSD	+0.0096%	1h	0.004341	−0.069%	$6K	$497	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.013%	$29K	$764K	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-PERPshort	+0.0100%	8h	0.004337	−0.154%	$42K	—	5x
Hyperliquid PUMP	+0.0100%	1h	0.004351	+0.161%	$159.4M	$52.3M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004345	+0.033%	$786K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004338	−0.138%	$450K	$606K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004346	+0.056%	$77.4M	$163.2M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004333	−0.249%	$25K	$173K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004339	−0.115%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004347	+0.069%	$4.7M	$11.7M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004349	+0.115%	$23.0M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004347	+0.069%	$17.3M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004346	+0.046%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004327	−0.384%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004334	−0.237%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004331	−0.299%	$137K	$766K	50x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004339	−0.127%	$1.6M	$2.0M	10x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004345	+0.023%	$91K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004344	+0.001%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004341	−0.069%	$2K	$712K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004342	−0.046%	$716	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004337	−0.161%	$21K	$139K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004343	−0.023%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004346	+0.038%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004342	−0.046%	$72K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0147%	1h	0.004340	−0.083%	$491K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0185%	1h	0.004336	−0.191%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0280%	1h	0.004346	+0.046%	$669K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0312% / S −0.0230%	1h	0.004342	−0.046%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004332	−0.276%	$3.4M	$3.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004340	−0.093%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0411%	1h	0.004331	−0.293%	$180	$106K	10x	as long as short
Injective PUMP/USDC PERP	+0.0652%	1h	0.004333	−0.253%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0805%	1h	0.004348	+0.086%	$1.3M	$3.5M	50x	as long as short