PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0309%/8h= +33.8% APRnext payment +$0.39 per $10,000 · paid last 24h +0.034%

Price spread now: Phoenix against Lighter+0.328%7-day average +0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$410.408% of the position

Long on Lighter Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.027%+$3 on $10k

Price spread, last 4 days (all we have)+0.033%+$3 · spread now +0.328%, 7d avg +0.062%

Together, before fees+0.059%+ Points / potential airdropLighter: Season 3 · farm board+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Phoenix is 0.266% dearer against Lighter than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of +0.062%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.027% in total (about 1.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.39 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PUMP	0.004477	0.0096	pay 0.0012% / 1h	58m 55s	$2.9M	$4.6M	10x
Short	Phoenix PUMP	0.004492	0.0405	get 0.0051% / 1h	58m 55s	$47K	$136K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.328%Rate

Funding earned: $64.82
Price spread: +0.328% → +0.062%: $26.65
Slippage, 4 orders: −$33.78
Fee Lighter: 0 bp × 2 orders: $0
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $50.69
Costs to cover: 0.408%
Break-even: 1.5 days

Slippage from Lighter: live order book, 4 min ago; Phoenix: live order book, 29 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, 4 min ago	1.11 bp	5.3 bp −$5	8.5 bp −$85	72.1 bp −$7,206	doesn't fit
Sell Phoenix live order book, 29 min ago	1.99 bp	16.1 bp −$16	50.1 bp −$501	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
Backpack PUMP_USDC_PERP	−0.0657%	1h	0.004476	−0.011%	$801K	$200K	5x	as long as short
dYdX PUMP-USD	−0.0006%	1h	0.004482	+0.112%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004475	−0.045%	$18K	$268K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004476	−0.022%	$69K	$116K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004472	−0.104%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0062%	4h	0.004475	−0.045%	$4.9M	$10.1M	75x	as long as short
Lighter PUMPlong	+0.0096%	1h	0.004477	long leg	$2.9M	$4.6M	10x
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.720%	$28K	$647K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004472	−0.101%	$1.6M	$2.1M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004481	+0.089%	$167.2M	$51.3M	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	0.004473	−0.083%	$818K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004478	+0.022%	$525K	$860K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004477	0.000%	$81.9M	$172.2M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004476	−0.022%	$24.7M	$97.8M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004476	−0.025%	$27K	$149K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004478	+0.022%	$65K	$100K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004480	+0.067%	$24.2M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004475	−0.045%	$17.6M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004476	−0.022%	—	$14.2M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004487	+0.222%	$66K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004481	+0.093%	$1.2M	$10.4M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004487	+0.223%	$151K	$744K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004475	−0.045%	$103K	$2.2M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004474	−0.067%	$42K	$2K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004506	+0.644%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004473	−0.089%	$2K	$770K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004475	−0.045%	$243	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004476	−0.022%	$21K	$83K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004475	−0.045%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004478	+0.013%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004475	−0.039%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004472	−0.112%	$66K	$10K	3x	as long as short
01 Exchange PUMPUSD	+0.0264%	1h	0.004475	−0.045%	$6K	$600	10x	as long as short
Injective PUMP/USDC PERP	+0.0279%	1h	0.004505	+0.625%	$37K	$204K	12x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0302% / S −0.0274%	1h	0.004472	−0.112%	$64K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004479	+0.045%	$3.8M	$4.6M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004472	−0.117%	$2	—	3x	as long as short
Phoenix PUMPshort	+0.0405%	1h	0.004492	+0.328%	$47K	$136K	10x
Kraken Futures PF_PUMPUSD	+0.0449%	1h	0.004479	+0.034%	$1.1M	$3.5M	50x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0536%	1h	0.004478	+0.022%	$723K	$5.8M	50x	as long as short
RISEx PUMP/USDC	+0.0784%	1h	0.004476	−0.022%	$532K	$1.1M	10x	as long as short
Aftermath Perps PUMPUSD	+0.1001%	1h	0.004500	+0.525%	$498	$112K	10x	as long as short