Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.001%

Price spread now: Lighter against edgeX+1.333%7-day average +0.123% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs+$86as in the Price arb table

costs, in and out, $10k−$350.349% of the position

Long on edgeX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.112%+$11 on $10k

Price spread, last 7 days−1.201%−$120 · spread now +1.333%, 7d avg +0.123%

Together, before fees−1.089%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board−$109 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 1.211% dearer against edgeX than usual: you sell high and buy low, +$121 on $10k if it goes back to its 7-day average of +0.123%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX PUMPUSDC	0.004399	0.0100	pay 0.0050% / 4h	3h 35m	$65K	$3.0M	20x
Short	Lighter PUMP	0.004458	0.0096	get 0.0012% / 1h	35m 21s	$3.0M	$5.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against edgeX. 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 edgeXbpFee LighterbpOrdersPrice spread, now +1.333%Rate

Funding earned: −$0.84
Price spread: +1.333% → +0.123%: $121.06
Slippage, 4 orders: −$25.87
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: $85.35
Costs to cover: 0.349%
Break-even: from the start

Slippage from edgeX: live order book, 4 min ago; Lighter: live order book, 3 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 edgeX live order book, 4 min ago	4.54 bp	14.8 bp −$15	18.3 bp −$183	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	2.26 bp	2.3 bp −$2	6.6 bp −$66	80.4 bp −$8,042	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	−0.0013%	1h	0.004463	+1.451%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004433	+0.765%	$18K	$212K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004434	+0.788%	$70K	$125K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004436	+0.824%	$55K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0046%	4h	0.004436	+0.833%	$42K	$10K	10x	as long as short
OKX PUMP-USDT-SWAP	+0.0057%	4h	0.004435	+0.811%	$23.3M	$99.1M	50x	as long as short
Lighter PUMPshort	+0.0096%	1h	0.004458	+1.333%	$3.0M	$5.4M	10x
Popdex PUMPUSDT	+0.0096%	1h	0.004400	+0.015%	$30K	$787K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004458	+1.344%	$43K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004433	+0.777%	$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	0.004443	+0.983%	$727K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004460	+1.379%	$466K	$602K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004435	+0.811%	$79.6M	$165.4M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004454	+1.245%	$26K	$168K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004438	+0.879%	$43K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004433	+0.765%	$4.8M	$10.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004437	+0.856%	$23.5M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004435	+0.811%	$17.8M	$19.4M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004436	+0.833%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004471	+1.622%	$796K	$176K	5x	as long as short
edgeX PUMPUSDClong	+0.0100%	4h	0.004399	long leg	$65K	$3.0M	20x
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004401	+0.027%	$1.2M	$10.2M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004424	+0.561%	$139K	$759K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004438	+0.879%	$100K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004435	+0.819%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004437	+0.856%	$1K	$727K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004435	+0.811%	$278	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004454	+1.243%	$22K	$135K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004468	+1.561%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004434	+0.779%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004432	+0.742%	$71K	$12K	3x	as long as short
01 Exchange PUMPUSD	+0.0216%	1h	0.004438	+0.879%	$6K	$830	10x	as long as short
Phoenix PUMP	+0.0237%	1h	0.004421	+0.501%	$40K	$99K	10x	as long as short
RISEx PUMP/USDC	+0.0297%	1h	0.004439	+0.913%	$483K	$1.0M	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004429	+0.674%	$3.5M	$4.1M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004433	+0.761%	$2	—	3x	as long as short
Hyperliquid PUMP	+0.0345%	1h	0.004441	+0.947%	$163.3M	$53.8M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0350% / S −0.0291%	1h	0.004433	+0.765%	$75K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0352%	1h	0.004470	+1.606%	$695K	$5.7M	50x	as long as short
Injective PUMP/USDC PERP	+0.0480%	1h	0.004471	+1.629%	$39K	$203K	12x	as long as short
Aftermath Perps PUMPUSD	+0.0621%	1h	0.004414	+0.327%	$386	$107K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0927%	1h	0.004440	+0.921%	$1.3M	$3.5M	50x	as long as short