Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0006%/8h= −0.6% APRpaid last 24h 0.000%

Price spread now: Lighter against Paradex+0.025%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.025% dearer against Paradex than usual: you sell high and buy low, +$3 on $10k if it 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	Paradex PUMP-USD-PERP	0.004483	0.0102	pay 0.0102% / 8h	6h 28m	$43K	$276	5x
Short	Lighter PUMP	0.004484	0.0096	get 0.0012% / 1h	28m 58s	$2.9M	$5.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Paradex. 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 ParadexbpFee LighterbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$1.19
Price spread: +0.025% → 0.000%: $2.52
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Lighter: 0 bp × 2 orders: $0
Net: −$2.67
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Lighter: live order book, 4 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 Paradex no order-book sample	—	—	—	—	—
Sell Lighter live order book, 4 min ago	2.23 bp	4.3 bp −$4	9.2 bp −$92	87.2 bp −$8,721	doesn't fit

Paradex: 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 41 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	−0.1658%	1h	0.004482	−0.013%	$21K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004481	−0.042%	$18K	$207K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004481	−0.042%	$71K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004479	−0.077%	$54K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0069%	4h	0.004480	−0.064%	$42K	$10K	10x	as long as short
Lighter PUMPshort	+0.0096%	1h	0.004484	+0.025%	$2.9M	$5.5M	10x
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.849%	$29K	$766K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004477	−0.120%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004487	+0.089%	$727K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004482	−0.019%	$492K	$662K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PUMPUSDT	+0.0100%	4h	0.004486	+0.077%	$80.9M	$165.9M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004484	+0.025%	$24.2M	$98.2M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004480	−0.055%	$21K	$170K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004481	−0.042%	$40K	$63K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004485	+0.048%	$4.8M	$10.9M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004490	+0.159%	$23.9M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004487	+0.092%	$17.7M	$19.5M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004485	+0.048%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004486	+0.068%	$799K	$185K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004488	+0.109%	$67K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004466	−0.376%	$1.3M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004485	+0.048%	$139K	$754K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004485	+0.048%	$104K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004480	−0.054%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004482	−0.019%	$2K	$737K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004481	−0.042%	$281	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004473	−0.220%	$21K	$118K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004479	−0.086%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERPlong	+0.0102%	8h	0.004483	long leg	$43K	$276	5x
Extended PUMP-USD	+0.0104%	1h	0.004486	+0.077%	$3.8M	$4.1M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004477	−0.131%	$71K	$8K	3x	as long as short
Phoenix PUMP	+0.0235%	1h	0.004489	+0.128%	$42K	$103K	10x	as long as short
01 Exchange PUMPUSD	+0.0248%	1h	0.004484	+0.025%	$6K	$727	10x	as long as short
RISEx PUMP/USDC	+0.0322%	1h	0.004483	+0.003%	$529K	$1.0M	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004477	−0.136%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0359% / S −0.0290%	1h	0.004477	−0.131%	$72K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004486	+0.070%	$715K	$5.8M	50x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004492	+0.204%	$39K	$203K	12x	as long as short
Hyperliquid PUMP	+0.0608%	1h	0.004495	+0.271%	$167.7M	$54.6M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0747%	1h	0.004469	−0.304%	$591	$111K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1240%	1h	0.004488	+0.125%	$1.3M	$3.1M	50x	as long as short