Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: Lighter against Popdex+1.068%7-day average +1.360% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$390.385% of the position

Long on Popdex Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.049%+$5 on $10k

Price spread, last 4 days (all we have)−0.469%−$47 · spread now +1.068%, 7d avg +1.360%

Together, before fees−0.420%+ Points / potential airdropLighter: Season 3 · farm board−$42 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 0.292% cheaper against Popdex than usual: you would sell low and buy high, −$29 on $10k if it goes back to its 7-day average of +1.360%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex PUMPUSDT	0.004400	0.0096	pay 0.0012% / 1h	3m 03s	$29K	$780K	20x
Short	Lighter PUMP	0.004447	0.0096	get 0.0012% / 1h	3m 03s	$2.9M	$5.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Popdex. 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 PopdexbpFee LighterbpOrdersPrice spread, now +1.068%Rate

Funding earned: $0
Price spread: +1.068% → +1.360%: −$29.18
Slippage, 4 orders: −$32.14
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Lighter: 0 bp × 2 orders: $0
Net: −$67.71
Costs to cover: 0.385%
Break-even: never at this rate

Slippage from Popdex: live order book, 56 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 Popdex live order book, 56 min ago	2.27 bp	14.9 bp −$15	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	+1.004%	$20K	$9K	5x	as long as short
Perpl PUMP	−0.0112%	43m	0.004445	+1.023%	$19K	$237K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004445	+1.018%	$53K	—	150x	as long as short
Lighter PUMPshort	+0.0096%	1h	0.004447	+1.068%	$2.9M	$5.5M	10x
Popdex PUMPUSDTlong	+0.0096%	1h	0.004400	long leg	$29K	$780K	20x
Nado PUMP-PERP	+0.0100%	1h	0.004447	+1.080%	$1.6M	$2.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004445	+1.022%	$705K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004445	+1.023%	$499K	$823K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004447	+1.068%	$80.9M	$172.8M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004446	+1.045%	$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	+0.727%	$31K	$192K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004447	+1.068%	$62K	$99K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004442	+0.955%	$4.9M	$11.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004449	+1.114%	$23.8M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004446	+1.045%	$17.6M	$20.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004445	+1.023%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004447	+1.059%	$793K	$207K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004424	+0.552%	$65K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004429	+0.658%	$1.2M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004426	+0.591%	$147K	$756K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004450	+1.136%	$103K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004446	+1.045%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004444	+0.995%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004445	+1.023%	$1K	$768K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004447	+1.068%	$279	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004437	+0.841%	$21K	$105K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004446	+1.045%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004446	+1.040%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004444	+1.000%	$66K	$13K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0270% / S −0.0198%	1h	0.004444	+1.000%	$53K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0280%	1h	0.004449	+1.114%	$6K	$625	10x	as long as short
Extended PUMP-USD	+0.0296%	1h	0.004446	+1.051%	$3.9M	$4.3M	50x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004450	+1.136%	$3.7M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004448	+1.086%	$2	—	3x	as long as short
Phoenix PUMP	+0.0345%	1h	0.004430	+0.686%	$42K	$120K	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0425%	1h	0.004446	+1.045%	$71K	$122K	25x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0440%	1h	0.004450	+1.136%	$705K	$5.9M	50x	as long as short
Hyperliquid PUMP	+0.0482%	1h	0.004452	+1.182%	$166.9M	$54.9M	10x	as long as short
RISEx PUMP/USDC	+0.0570%	1h	0.004448	+1.087%	$528K	$1.0M	10x	as long as short
Injective PUMP/USDC PERP	+0.0706%	1h	0.004448	+1.091%	$38K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0796%	1h	0.004448	+1.098%	$1.0M	$3.4M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1018%	1h	0.004435	+0.800%	$786	$112K	10x	as long as short