Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.017%

Price spread now: Lighter against OKX+0.090%7-day average +0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

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

costs, in and out, $10k−$250.249% of the position

Long on OKX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.121%+$12 on $10k

Price spread, last 7 days−0.016%−$2 · spread now +0.090%, 7d avg +0.097%

Together, before fees+0.105%+ Points / potential airdropLighter: Season 3 · farm board+$10 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PUMP-USDT-SWAP	0.004467	0.0100	pay 0.0050% / 4h	1h 16m	$24.3M	$98.3M	50x
Short	Lighter PUMP	0.004471	0.0096	get 0.0012% / 1h	16m 20s	$2.9M	$5.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against OKX. 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 OKXbpFee LighterbpOrdersPrice spread, now +0.090%Rate

Funding earned: −$0.84
Price spread: +0.090% → +0.097%: −$0.73
Slippage, 4 orders: −$14.88
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$26.45
Costs to cover: 0.249%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Lighter: live order book, 7 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 OKX live order book, 3 min ago	1.11 bp	7.8 bp −$8	22.1 bp −$221	123.9 bp −$12.4K	doesn't fit
Sell Lighter live order book, 7 min ago	2.24 bp	4.3 bp −$4	7.7 bp −$77	83.7 bp −$8,366	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
Perpl PUMP	−0.0112%	43m	0.004467	0.000%	$18K	$230K	20x	as long as short
dYdX PUMP-USD	−0.0009%	1h	0.004472	+0.114%	$20K	$9K	5x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004476	+0.201%	$71K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004468	+0.019%	$54K	—	150x	as long as short
Lighter PUMPshort	+0.0096%	1h	0.004471	+0.090%	$2.9M	$5.5M	10x
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.500%	$31K	$792K	20x	as long as short
Orderly PERP_PUMP_USDC	+0.0099%	4h	0.004468	+0.022%	$42K	$10K	10x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004467	+0.011%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004469	+0.046%	$703K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004470	+0.067%	$489K	$783K	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	0.004467	+0.009%	$81.3M	$170.5M	75x	as long as short
OKX PUMP-USDT-SWAPlong	+0.0100%	4h	0.004467	long leg	$24.3M	$98.3M	50x
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004475	+0.181%	$37K	$191K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004472	+0.112%	$61K	$86K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004466	−0.022%	$4.9M	$11.3M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004472	+0.112%	$23.8M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004469	+0.045%	$17.7M	$19.9M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004468	+0.022%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004474	+0.152%	$794K	$189K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004483	+0.356%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004486	+0.426%	$1.3M	$10.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004478	+0.246%	$149K	$751K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004472	+0.112%	$108K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004475	+0.179%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004484	+0.381%	$2K	$754K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004473	+0.134%	$281	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004480	+0.291%	$21K	$119K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004473	+0.134%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004471	+0.090%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004464	−0.067%	$71K	$11K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0191% / S −0.0050%	1h	0.004468	+0.022%	$60K	—	100x	as long as short
Extended PUMP-USD	+0.0272%	1h	0.004466	−0.015%	$3.8M	$4.2M	50x	as long as short
01 Exchange PUMPUSD	+0.0296%	1h	0.004470	+0.067%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0321%	1h	0.004480	+0.282%	$43K	$103K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004475	+0.179%	$3.7M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004467	−0.006%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0448%	1h	0.004477	+0.224%	$714K	$6.0M	50x	as long as short
Hyperliquid PUMP	+0.0501%	1h	0.004474	+0.157%	$167.4M	$55.9M	10x	as long as short
RISEx PUMP/USDC	+0.0544%	1h	0.004470	+0.078%	$531K	$994K	10x	as long as short
Aftermath Perps PUMPUSD	+0.0866%	1h	0.004474	+0.150%	$591	$117K	10x	as long as short
Injective PUMP/USDC PERP	+0.0880%	1h	0.004455	−0.269%	$39K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.1337%	1h	0.004475	+0.182%	$1.1M	$3.3M	50x	as long as short