Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.001%

Price spread now: Phemex against Lighter0.000%7-day average −0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$620.619% of the position

Long on Lighter Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.071%−$7 on $10k

Price spread, last 3 days (all we have)−0.010%−$1 · spread now 0.000%, 7d avg −0.058%

Together, before fees−0.081%+ Points / potential airdropLighter: Season 3 · farm board−$8 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: Phemex is 0.058% dearer against Lighter than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.058%.

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	6m 20s	$2.9M	$5.5M	10x
Short	Phemex PUMPUSDT	0.004376	0.0100	get 0.0050% / 4h	6m 20s	$2.0M	$4.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0.84
Price spread: 0.000% → −0.058%: $5.78
Slippage, 4 orders: −$49.93
Fee Lighter: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$55.3
Costs to cover: 0.619%
Break-even: 467.9 days

Slippage from Lighter: live order book, 7 min ago; Phemex: 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, 7 min ago	1.14 bp	4.5 bp −$4	8.4 bp −$84	68.8 bp −$6,882	doesn't fit
Sell Phemex live order book, 2 min ago	6.85 bp	26.2 bp −$26	doesn't fit	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	−0.0049%	1h	0.004379	+0.078%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004376	0.000%	$18K	$207K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004378	+0.046%	$69K	$125K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004377	+0.025%	$55K	—	150x	as long as short
OKX PUMP-USDT-SWAP	+0.0019%	4h	0.004375	−0.023%	$22.9M	$97.2M	50x	as long as short
Orderly PERP_PUMP_USDC	+0.0027%	4h	0.004375	−0.023%	$41K	$10K	10x	as long as short
Lighter PUMPlong	+0.0096%	1h	0.004376	long leg	$2.9M	$5.5M	10x
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.737%	$30K	$773K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004376	−0.003%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004375	−0.011%	$1.6M	$2.0M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PUMPUSDT	+0.0100%	4h	0.004377	+0.030%	$727K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004378	+0.046%	$459K	$604K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004375	−0.023%	$78.2M	$164.7M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004376	−0.007%	$26K	$165K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004376	0.000%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004375	−0.023%	$4.7M	$11.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004378	+0.046%	$23.3M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004375	−0.023%	$17.5M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004376	0.000%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004376	−0.002%	$780K	$182K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004375	−0.034%	$65K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004378	+0.039%	$1.2M	$10.0M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004378	+0.046%	$138K	$762K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004380	+0.091%	$96K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004377	+0.019%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004377	+0.023%	$2K	$722K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004375	−0.023%	$275	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004378	+0.046%	$21K	$137K	20x	as long as short
Phemex PUMPUSDTshort	+0.0100%	4h	0.004376	0.000%	$2.0M	$4.0M	20x
Extended PUMP-USD	+0.0104%	1h	0.004375	−0.031%	$3.6M	$3.6M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004375	−0.023%	$72K	$18K	3x	as long as short
Hyperliquid PUMP	+0.0146%	1h	0.004381	+0.114%	$161.0M	$53.3M	10x	as long as short
Phoenix PUMP	+0.0164%	1h	0.004380	+0.103%	$39K	$100K	10x	as long as short
Injective PUMP/USDC PERP	+0.0182%	1h	0.004382	+0.137%	$39K	$207K	12x	as long as short
RISEx PUMP/USDC	+0.0194%	1h	0.004377	+0.032%	$489K	$1.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0208%	1h	0.004378	+0.046%	$6K	$830	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0312%	1h	0.004382	+0.137%	$694K	$5.6M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0330% / S −0.0259%	1h	0.004376	0.000%	$71K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004377	+0.023%	$3.5M	$4.1M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004375	−0.025%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0485%	1h	0.004377	+0.013%	$382	$106K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0862%	1h	0.004381	+0.107%	$1.3M	$3.5M	50x	as long as short