Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0109%/8h= +12.0% APRpaid last 24h +0.016%

Price spread now: Lighter against Orderly+0.070%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter is 0.070% dearer against Orderly than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_PUMP_USDC	0.004313	−0.0013	get 0.0007% / 4h	2h 55m	$41K	$10K	10x
Short	Lighter PUMP	0.004316	0.0096	get 0.0012% / 1h	55m 36s	$2.9M	$5.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Orderly. 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 OrderlybpFee LighterbpOrdersPrice spread, now +0.070%Rate

Funding earned: $22.98
Price spread: +0.070% → 0.000%: $6.96
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: $23.94
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; Lighter: live order book, 8 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Lighter live order book, 8 min ago	2.31 bp	4.5 bp −$4	8.1 bp −$81	70.1 bp −$7,010	doesn't fit

Orderly: 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
dYdX PUMP-USD	−0.5377%	1h	0.004320	+0.161%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0047%	1h	0.004313	−0.005%	$770K	$184K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0046%	4h	0.004321	+0.185%	$22.6M	$94.9M	50x	as long as short
Orderly PERP_PUMP_USDClong	−0.0013%	4h	0.004313	long leg	$41K	$10K	10x
Perpl PUMP	0.0000%	43m	0.004314	+0.023%	$20K	$201K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004315	+0.046%	$70K	$125K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004315	+0.047%	$55K	—	150x	as long as short
01 Exchange PUMPUSD	+0.0048%	1h	0.004317	+0.093%	$6K	$497	10x	as long as short
Lighter PUMPshort	+0.0096%	1h	0.004316	+0.070%	$2.9M	$5.5M	10x
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.301%	$29K	$776K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004316	+0.064%	$41K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004320	+0.174%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004317	+0.092%	$784K	$2.1M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004316	+0.070%	$449K	$614K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004321	+0.185%	$76.7M	$164.9M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004312	−0.019%	$20K	$178K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004320	+0.162%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004314	+0.023%	$4.6M	$11.6M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004318	+0.116%	$22.8M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004317	+0.093%	$17.1M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004316	+0.070%	—	$12.9M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004316	+0.069%	$63K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004317	+0.102%	$1.2M	$9.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004318	+0.116%	$136K	$767K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004315	+0.046%	$110K	$1.8M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004314	+0.033%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004320	+0.162%	$2K	$710K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004314	+0.023%	$711	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004318	+0.116%	$21K	$146K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004317	+0.093%	$2.0M	$4.1M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004318	+0.116%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004312	−0.023%	$71K	$18K	3x	as long as short
Hyperliquid PUMP	+0.0105%	1h	0.004320	+0.162%	$158.1M	$52.3M	10x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004322	+0.201%	$492K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0167%	1h	0.004322	+0.220%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004326	+0.301%	$657K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0221%	1h	0.004313	0.000%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004314	+0.023%	$3.4M	$3.7M	75x	as long as short
Aftermath Perps PUMPUSD	+0.0340%	1h	0.004319	+0.137%	$200	$105K	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004312	−0.033%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004327	+0.325%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0688%	1h	0.004319	+0.140%	$1.3M	$3.5M	50x	as long as short