Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:46 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.046%

Price spread now: Lighter against Perpl0.000%7-day average +0.038% · you sell dearer than you buy

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

Long on Perpl Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.278%+$28 on $10k

Price spread, last 3 days (all we have)−0.482%−$48 · spread now 0.000%, 7d avg +0.038%

Together, before fees−0.204%+ Points / potential airdropPerpl: Active · Lighter: Season 3 · farm board−$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.038% cheaper against Perpl than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.038%). If the spread goes back, that is −$4 on $10k: about 32 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl PUMP	0.004359	0	get 0.0000% / 43m	29m 44s	$18K	$203K	20x
Short	Lighter PUMP	0.004359	0.0096	get 0.0012% / 1h	33m 44s	$2.9M	$5.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Perpl. 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 PerplbpFee LighterbpOrdersPrice spread, now 0.000%Rate

Funding earned: $20.16
Price spread: 0.000% → +0.038%: −$3.83
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee Lighter: 0 bp × 2 orders: $0
Net: $2.53
Costs to cover: 0.138%
Break-even: 6.1 days

Slippage unknown: Perpl: 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 Perpl no order-book sample	—	—	—	—	—
Sell Lighter live order book, 4 min ago	2.28 bp	4.4 bp −$4	9.1 bp −$91	68.8 bp −$6,882	doesn't fit

Perpl: 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	−0.0005%	1h	0.004361	+0.046%	$20K	$9K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0003%	4h	0.004365	+0.138%	$22.8M	$96.6M	50x	as long as short
Perpl PUMPlong	0.0000%	43m	0.004359	long leg	$18K	$203K	20x
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004363	+0.092%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004361	+0.055%	$54K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0012%	4h	0.004361	+0.046%	$41K	$10K	10x	as long as short
Lighter PUMPshort	+0.0096%	1h	0.004359	0.000%	$2.9M	$5.5M	10x
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.354%	$26K	$767K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004365	+0.140%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004358	−0.011%	$1.6M	$2.0M	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	0.004361	+0.046%	$729K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004363	+0.092%	$456K	$601K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004359	+0.011%	$77.7M	$164.0M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004359	+0.002%	$26K	$169K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004370	+0.252%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004358	−0.023%	$4.7M	$11.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004368	+0.206%	$23.3M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004369	+0.229%	$17.4M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004368	+0.206%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004363	+0.083%	$777K	$181K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004375	+0.378%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004376	+0.395%	$1.2M	$9.8M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004378	+0.436%	$138K	$764K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004361	+0.046%	$97K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004362	+0.076%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004362	+0.069%	$2K	$717K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004361	+0.046%	$281	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004356	−0.069%	$22K	$135K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004358	−0.023%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004368	+0.200%	$3.6M	$3.8M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004360	+0.023%	$72K	$18K	3x	as long as short
Phoenix PUMP	+0.0164%	1h	0.004380	+0.477%	$39K	$100K	10x	as long as short
Injective PUMP/USDC PERP	+0.0182%	1h	0.004381	+0.505%	$39K	$207K	12x	as long as short
RISEx PUMP/USDC	+0.0194%	1h	0.004371	+0.275%	$485K	$1.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0224%	1h	0.004370	+0.252%	$6K	$830	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0312%	1h	0.004365	+0.138%	$688K	$5.5M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0320% / S −0.0242%	1h	0.004360	+0.023%	$68K	—	100x	as long as short
Hyperliquid PUMP	+0.0340%	1h	0.004363	+0.092%	$160.6M	$53.0M	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004372	+0.298%	$3.5M	$4.0M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004358	−0.022%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0469%	1h	0.004378	+0.434%	$200	$105K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0865%	1h	0.004367	+0.179%	$1.3M	$3.5M	50x	as long as short