Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:55 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.046%

Price spread now: Perpl against Lighter−0.091%7-day average −0.039% · you buy dearer than you sell

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

Long on Lighter Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 7 days−0.278%−$28 on $10k

Price spread, last 3 days (all we have)+0.501%+$50 · spread now −0.091%, 7d avg −0.039%

Together, before fees+0.223%+ Points / potential airdropLighter: Season 3 · Perpl: Active · farm board+$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Perpl is 0.052% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.039%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PUMP	0.004389	0.0096	pay 0.0012% / 1h	55m 09s	$2.8M	$5.4M	10x
Short	Perpl PUMP	0.004385	0	get 0.0000% / 43m	17m 09s	$20K	$202K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl 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 PerplbpOrdersPrice spread, now −0.091%Rate

Funding earned: −$20.16
Price spread: −0.091% → −0.039%: −$5.25
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$39.21
Costs to cover: 0.138%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 8 min ago; Perpl: 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, 8 min ago	1.12 bp	1.1 bp −$1	3.9 bp −$39	60.2 bp −$6,020	doesn't fit
Sell Perpl no order-book sample	—	—	—	—	—

Perpl: 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
ApeX Omni PUMPUSDT	−0.0223%	1h	0.004404	+0.342%	$139K	$759K	50x	as long as short
dYdX PUMP-USD	0.0000%	1h	0.004386	−0.062%	$20K	$9K	5x	as long as short
Perpl PUMPshort	0.0000%	43m	0.004385	−0.091%	$20K	$202K	20x
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004390	+0.023%	$70K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004386	−0.068%	$53K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0058%	4h	0.004385	−0.091%	$41K	$10K	10x	as long as short
Lighter PUMPlong	+0.0096%	1h	0.004389	long leg	$2.8M	$5.4M	10x
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−2.028%	$26K	$769K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004386	−0.077%	$702K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004388	−0.023%	$474K	$654K	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	0.004392	+0.068%	$78.8M	$164.7M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004392	+0.068%	$23.4M	$96.5M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004428	+0.891%	$26K	$167K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004386	−0.068%	$40K	$57K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004383	−0.137%	$4.8M	$10.4M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004392	+0.068%	$23.3M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004393	+0.091%	$17.5M	$19.3M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004385	−0.091%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004387	−0.055%	$786K	$176K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004405	+0.370%	$65K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004395	+0.129%	$1.2M	$10.4M	10x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004388	−0.023%	$101K	$2.0M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004388	−0.027%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004388	−0.023%	$1K	$731K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004390	+0.023%	$275	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004389	0.000%	$21K	$119K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004393	+0.091%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004391	+0.040%	$42K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004387	−0.035%	$3.7M	$4.1M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004387	−0.046%	$70K	$11K	3x	as long as short
01 Exchange PUMPUSD	+0.0216%	1h	0.004382	−0.159%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0237%	1h	0.004402	+0.287%	$39K	$103K	10x	as long as short
Nado PUMP-PERP	+0.0268%	1h	0.004384	−0.103%	$1.6M	$2.0M	10x	as long as short
RISEx PUMP/USDC	+0.0322%	1h	0.004385	−0.080%	$478K	$995K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004392	+0.068%	$3.6M	$4.3M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004383	−0.141%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0357% / S −0.0297%	1h	0.004385	−0.091%	$73K	—	100x	as long as short
Hyperliquid PUMP	+0.0365%	1h	0.004389	0.000%	$161.7M	$54.9M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004393	+0.091%	$685K	$5.6M	50x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004401	+0.273%	$39K	$203K	12x	as long as short
Aftermath Perps PUMPUSD	+0.0708%	1h	0.004422	+0.758%	$387	$110K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1266%	1h	0.004395	+0.128%	$1.3M	$3.1M	50x	as long as short