Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.001%

Price spread now: Lighter against Phemex+0.022%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$620.618% of the position

Long on Phemex Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.071%+$7 on $10k

Price spread, last 4 days (all we have)+0.125%+$13 · spread now +0.022%, 7d avg +0.056%

Together, before fees+0.196%+ Points / potential airdropLighter: Season 3 · farm board+$20 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: Lighter is 0.033% cheaper against Phemex than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex PUMPUSDT	0.004446	0.0100	pay 0.0050% / 4h	2m 56s	$2.0M	$4.0M	20x
Short	Lighter PUMP	0.004447	0.0096	get 0.0012% / 1h	2m 56s	$2.9M	$5.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Phemex. 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 PhemexbpFee LighterbpOrdersPrice spread, now +0.022%Rate

Funding earned: −$0.84
Price spread: +0.022% → +0.056%: −$3.3
Slippage, 4 orders: −$49.83
Fee Phemex: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$65.98
Costs to cover: 0.618%
Break-even: never at this rate

Slippage from Phemex: live order book, 6 min ago; Lighter: live order book, 5 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 Phemex live order book, 6 min ago	6.77 bp	23.8 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	1.13 bp	2.9 bp −$3	14.9 bp −$149	120.6 bp −$12.1K	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	−0.4768%	1h	0.004444	−0.041%	$20K	$9K	5x	as long as short
Perpl PUMP	−0.0112%	43m	0.004445	−0.022%	$19K	$237K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004445	−0.027%	$53K	—	150x	as long as short
Lighter PUMPshort	+0.0096%	1h	0.004447	+0.022%	$2.9M	$5.5M	10x
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.035%	$29K	$780K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004447	+0.034%	$1.6M	$2.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004446	+0.001%	$705K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004445	−0.022%	$499K	$823K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004447	+0.022%	$80.9M	$172.8M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004446	0.000%	$24.2M	$98.0M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004432	−0.315%	$31K	$192K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004447	+0.022%	$62K	$99K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004443	−0.067%	$4.9M	$11.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004448	+0.045%	$23.8M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004445	−0.022%	$17.6M	$20.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004445	−0.022%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004447	+0.013%	$793K	$207K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004424	−0.488%	$65K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004429	−0.383%	$1.2M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004426	−0.450%	$147K	$756K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004450	+0.090%	$103K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004446	0.000%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004444	−0.050%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004445	−0.022%	$1K	$768K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004447	+0.022%	$279	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004437	−0.202%	$21K	$105K	20x	as long as short
Phemex PUMPUSDTlong	+0.0100%	4h	0.004446	long leg	$2.0M	$4.0M	20x
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004446	−0.005%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004444	−0.045%	$66K	$13K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0270% / S −0.0198%	1h	0.004444	−0.045%	$53K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0280%	1h	0.004449	+0.067%	$6K	$625	10x	as long as short
Extended PUMP-USD	+0.0296%	1h	0.004446	+0.006%	$3.9M	$4.3M	50x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004450	+0.090%	$3.7M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004448	+0.040%	$2	—	3x	as long as short
Phoenix PUMP	+0.0345%	1h	0.004430	−0.355%	$42K	$120K	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0425%	1h	0.004446	0.000%	$71K	$122K	25x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0440%	1h	0.004450	+0.090%	$705K	$5.9M	50x	as long as short
Hyperliquid PUMP	+0.0482%	1h	0.004452	+0.135%	$166.9M	$54.9M	10x	as long as short
RISEx PUMP/USDC	+0.0570%	1h	0.004448	+0.041%	$528K	$1.0M	10x	as long as short
Injective PUMP/USDC PERP	+0.0706%	1h	0.004448	+0.045%	$38K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0796%	1h	0.004448	+0.052%	$1.0M	$3.4M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1018%	1h	0.004435	−0.243%	$786	$112K	10x	as long as short