PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h +0.030%

Price spread now: Lighter against Backpack+0.028%7-day average +0.092% · you sell dearer than you buy

Net, funding: paid 7d − costs+$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$280.281% of the position

Long on Backpack Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.316%+$32 on $10k

Price spread, last 4 days (all we have)−0.311%−$31 · spread now +0.028%, 7d avg +0.092%

Together, before fees+0.005%+ Points / potential airdropLighter: Season 3 · farm board$0 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 0.064% cheaper against Backpack than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.092%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack PUMP_USDC_PERP	0.004585	0.0100	pay 0.0013% / 1h	15m 23s	$821K	$215K	5x
Short	Lighter PUMP	0.004586	0.0096	get 0.0012% / 1h	15m 23s	$3.0M	$4.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Backpack. 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 BackpackbpFee LighterbpOrdersPrice spread, now +0.028%Rate

Funding earned: −$0.84
Price spread: +0.028% → +0.092%: −$6.36
Slippage, 4 orders: −$18.05
Fee Backpack: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$35.26
Costs to cover: 0.281%
Break-even: never at this rate

Slippage from Backpack: live order book, 18 min ago; Lighter: live order book, 12 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 Backpack live order book, 18 min ago	1.99 bp	7.0 bp −$7	18.5 bp −$185	doesn't fit	doesn't fit
Sell Lighter live order book, 12 min ago	2.21 bp	4.3 bp −$4	15.7 bp −$157	doesn't fit	doesn't fit

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	−0.1821%	1h	0.004579	−0.116%	$21K	$11K	5x	as long as short
Gate PUMP_USDT	−0.0024%	4h	0.004578	−0.146%	$4.9M	$10.2M	75x	as long as short
Perpl PUMP	0.0000%	43m	0.004581	−0.081%	$18K	$263K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0003%	1h	0.004577	−0.173%	$61K	—	150x	as long as short
Lighter PUMPshort	+0.0096%	1h	0.004586	+0.028%	$3.0M	$4.5M	10x
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−1.847%	$33K	$665K	20x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004584	−0.015%	$170.6M	$50.4M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004581	−0.081%	$855K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004583	−0.037%	$525K	$869K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004579	−0.123%	$83.5M	$176.3M	75x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004576	−0.190%	$25.1M	$104.4M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004591	+0.142%	$27K	$154K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004584	−0.015%	$51K	$149K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004580	−0.103%	$25.1M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004579	−0.124%	$17.9M	$18.9M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004577	−0.168%	—	$14.6M	—	as long as short
Backpack PUMP_USDC_PERPlong	+0.0100%	1h	0.004585	long leg	$821K	$215K	5x
edgeX PUMPUSDC	+0.0100%	4h	0.004592	+0.159%	$67K	$3.3M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004589	+0.094%	$1.3M	$10.9M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004594	+0.203%	$163K	$745K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004586	+0.028%	$107K	$2.3M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004578	−0.146%	$43K	$2K	10x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004591	+0.137%	$2K	$787K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004585	+0.007%	$260	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004592	+0.159%	$22K	$126K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004584	−0.015%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004583	−0.043%	$44K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004580	−0.095%	$3.9M	$4.0M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004575	−0.212%	$68K	$10K	3x	as long as short
Nado PUMP-PERP	+0.0301%	1h	0.004582	−0.048%	$1.7M	$2.2M	10x	as long as short
01 Exchange PUMPUSD	+0.0304%	1h	0.004586	+0.028%	$6K	$600	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0274%	1h	0.004594	+0.203%	$66K	—	100x	as long as short
Phoenix PUMP	+0.0332%	1h	0.004590	+0.124%	$45K	$146K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004595	+0.225%	$3.8M	$4.8M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004578	−0.150%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0344%	1h	0.004582	−0.059%	$38K	$204K	12x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0544%	1h	0.004592	+0.159%	$751K	$6.3M	50x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0623%	1h	0.004587	+0.050%	$70K	$110K	25x	as long as short
RISEx PUMP/USDC	+0.0741%	1h	0.004585	+0.006%	$533K	$1.1M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0807%	1h	0.004587	+0.052%	$1.1M	$3.6M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0986%	1h	0.004582	−0.063%	$507	$105K	10x	as long as short