Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: Popdex against Lighter−1.286%7-day average −1.347% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$320.323% of the position

Long on Lighter Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.049%−$5 on $10k

Price spread, last 4 days (all we have)+0.317%+$32 · spread now −1.286%, 7d avg −1.347%

Together, before fees+0.268%+ Points / potential airdropLighter: Season 3 · farm board+$27 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: Popdex is 0.061% dearer against Lighter than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −1.347%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PUMP	0.004356	0.0096	pay 0.0012% / 1h	27m 22s	$2.9M	$5.5M	10x
Short	Popdex PUMPUSDT	0.004300	0.0096	get 0.0012% / 1h	27m 22s	$26K	$769K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −1.286%Rate

Funding earned: $0
Price spread: −1.286% → −1.347%: $6.12
Slippage, 4 orders: −$25.91
Fee Lighter: 0 bp × 2 orders: $0
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$26.18
Costs to cover: 0.323%
Break-even: 53795782480425664.0 days

Slippage from Lighter: live order book, 6 min ago; Popdex: live order book, 52 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, 6 min ago	2.29 bp	4.3 bp −$4	7.6 bp −$76	73.1 bp −$7,314	doesn't fit
Sell Popdex live order book, 52 min ago	1.15 bp	11.4 bp −$11	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	−0.0020%	1h	0.004357	+0.033%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004356	0.000%	$18K	$205K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004359	+0.074%	$54K	—	150x	as long as short
OKX PUMP-USDT-SWAP	+0.0007%	4h	0.004359	+0.069%	$22.8M	$96.5M	50x	as long as short
Orderly PERP_PUMP_USDC	+0.0014%	4h	0.004359	+0.069%	$41K	$10K	10x	as long as short
Lighter PUMPlong	+0.0096%	1h	0.004356	long leg	$2.9M	$5.5M	10x
Popdex PUMPUSDTshort	+0.0096%	1h	0.004300	−1.286%	$26K	$769K	20x
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004358	+0.051%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004358	+0.057%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004357	+0.023%	$727K	$2.3M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PUMP	+0.0100%	1h	0.004356	0.000%	$455K	$601K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004359	+0.069%	$77.7M	$164.0M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004358	+0.039%	$26K	$163K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004359	+0.069%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004357	+0.023%	$4.7M	$11.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004361	+0.115%	$23.2M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004359	+0.069%	$17.3M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004358	+0.046%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004355	−0.011%	$776K	$182K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004359	+0.077%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004354	−0.046%	$1.2M	$9.8M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004363	+0.161%	$138K	$763K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004363	+0.161%	$94K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004360	+0.100%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004361	+0.115%	$2K	$718K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004358	+0.046%	$282	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004356	0.000%	$22K	$135K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004357	+0.023%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004358	+0.038%	$3.6M	$3.8M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004358	+0.046%	$72K	$18K	3x	as long as short
Phoenix PUMP	+0.0164%	1h	0.004359	+0.057%	$39K	$100K	10x	as long as short
Injective PUMP/USDC PERP	+0.0182%	1h	0.004367	+0.253%	$38K	$207K	12x	as long as short
RISEx PUMP/USDC	+0.0194%	1h	0.004361	+0.104%	$484K	$1.0M	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0209%	1h	0.004362	+0.138%	$69K	$126K	25x	as long as short
01 Exchange PUMPUSD	+0.0216%	1h	0.004362	+0.138%	$6K	$830	10x	as long as short
Hyperliquid PUMP	+0.0229%	1h	0.004363	+0.161%	$160.5M	$53.1M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0312%	1h	0.004360	+0.092%	$676K	$5.5M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0321% / S −0.0243%	1h	0.004359	+0.069%	$68K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004363	+0.161%	$3.5M	$4.0M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004359	+0.069%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0431%	1h	0.004364	+0.179%	$181	$106K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0865%	1h	0.004365	+0.197%	$1.3M	$3.5M	50x	as long as short