Settings8H · net · $10k
Funding arb · Price arb /

PUMP

all PUMP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.1022%/8h= +112.0% APRnext payment +$1.28 per $10,000 · paid last 24h +0.136%
Price spread now: Aftermath Perps against Lighter−0.019%7-day average +0.032% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$620.624% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.347%+$35 on $10k
Price spread, last 4 days (all we have)+0.590%+$59 · spread now −0.019%, 7d avg +0.032%
Together, before fees+0.937%+ Points / potential airdropLighter: Season 3 · farm board+$94 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aftermath Perps is 0.052% cheaper against Lighter than usual: you would sell low and buy high (spread −0.019% now, against its 7-day average of +0.032%). If the spread goes back, that is −$5 on $10k: about 4 hours of funding at the current rate (+$31 a day). At the pace of the last 3 days (+0.347% in total) that is about 12 hours.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.347% in total (about 37.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.28 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter PUMP0.0044840.0096pay 0.0012% / 1h53m 47s$2.9M$4.6M10x
ShortAftermath Perps PUMPUSD0.0044830.1118get 0.0140% / 1h53m 47s$519$104K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Lighter. 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

Funding earned
$214.7
Price spread: −0.019% → +0.032%
−$5.15
Slippage, 4 orders
−$53.42
Fee Lighter: 0 bp × 2 orders
$0
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
$147.13
Costs to cover
0.624%
Break-even
2.2 days
Slippage from Lighter: live order book, 4 min ago; Aftermath Perps: live order book, 60 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 4 min ago1.11 bp3.3 bp −$36.6 bp −$6690.4 bp −$9,038doesn't fit
Sell Aftermath Perps live order book, 60 min ago5.18 bp21.5 bp −$21doesn't fitdoesn't fitdoesn't fit

PUMP on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX PUMP-USD0.0000%1h0.004480−0.087%$21K$11K5xas long as short
Perpl PUMP0.0000%43m0.004478−0.134%$18K$237K20xas long as short
Deribit PUMP_USDC-PERPETUAL0.0000%1h0.004481−0.067%$70K$117K25xas long as short
gTrade (Gains Network) PUMP/USDL +0.0003% / S −0.0002%1h0.004478−0.134%$56K150xas long as short
Gate PUMP_USDT+0.0082%4h0.004479−0.112%$5.0M$10.3M75xas long as short
Lighter PUMPlong+0.0096%1h0.004484long leg$2.9M$4.6M10x
Popdex PUMPUSDT+0.0096%1h0.004400−1.873%$28K$632K20xas long as short
Nado PUMP-PERP+0.0100%1h0.004481−0.056%$1.6M$2.0M10xas long as short
Aster PUMPUSDT+0.0100%4h0.004480−0.086%$712K$2.2M50xas long as short
Pacifica PUMP+0.0100%1h0.004481−0.067%$537K$763K10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance PUMPUSDT+0.0100%4h0.004482−0.040%$81.7M$164.6M75xas long as short
OKX PUMP-USDT-SWAP+0.0100%4h0.004475−0.201%$24.6M$94.7M50xas long as short
Ondo Perps PUMP-USD.P+0.0100%1h0.004497+0.290%$32K$179K5xas long as short
Arcus PUMP-USD+0.0100%1h0.004481−0.067%$65K$101K10xas long as short
KuCoin PUMPUSDTM+0.0100%4h0.004483−0.022%$24.1M$13.6M50xas long as short
Bitget PUMPUSDT+0.0100%4h0.004473−0.245%$17.7M$18.5M75xas long as short
BingX PUMP-USDT+0.0100%4h0.004478−0.134%$12.8Mas long as short
Backpack PUMP_USDC_PERP+0.0100%1h0.004480−0.083%$801K$203K5xas long as short
edgeX PUMPUSDC+0.0100%4h0.004488+0.081%$66K$3.1M20xas long as short
GRVT PUMP_USDT_Perp+0.0100%4h0.004496+0.266%$1.3M$10.2M10xas long as short
ApeX Omni PUMPUSDT+0.0100%1h0.004488+0.089%$151K$747K50xas long as short
Polymarket Perps PUMP-USD+0.0100%1h0.004483−0.022%$109K$2.1M10xas long as short
Orderly PERP_PUMP_USDC+0.0100%4h0.004480−0.089%$42K$11K10xas long as short
Derive PUMP-PERP+0.0100%1h0.004479−0.120%$5K$13K6.7xas long as short
SunX PUMP-USDT+0.0100%4h0.004479−0.112%$2K$737K20xas long as short
SoDEX PUMP-USD+0.0100%1h0.004482−0.045%$281$7K10xas long as short
HTX PUMP-USDT+0.0100%4h0.004475−0.201%$21K$93K20xas long as short
Phemex PUMPUSDT+0.0100%4h0.004479−0.112%$2.0M$3.9M20xas long as short
Paradex PUMP-USD-PERP+0.0104%8h0.004482−0.041%$43K$2765xas long as short
Aevo PUMP-PERP+0.0104%1h0.004477−0.156%$66K$10K3xas long as short
Extended PUMP-USD+0.0232%1h0.004481−0.060%$3.9M$3.6M50xas long as short
GMX PUMP/USD [WBTC.b-USDC]L +0.0271% / S −0.0198%1h0.004476−0.178%$54K100xas long as short
01 Exchange PUMPUSD+0.0336%1h0.004482−0.045%$6K$60010xas long as short
BloFin PUMP-USDT+0.0340%4h0.004482−0.045%$3.7M$4.5M75xas long as short
Phoenix PUMP+0.0342%1h0.004485+0.022%$46K$119K10xas long as short
Reya PUMPRUSDPERP+0.0344%1h0.004479−0.117%$23xas long as short
Coinbase International PUMP-PERP-INTX+0.0480%1h0.004485+0.022%$718K$5.5M50xas long as short
Hyperliquid PUMP+0.0533%1h0.004479−0.112%$167.9M$48.2M10xas long as short
Injective PUMP/USDC PERP+0.0571%1h0.004498+0.312%$39K$204K12xas long as short
RISEx PUMP/USDC+0.0682%1h0.004482−0.045%$533K$1.0M10xas long as short
Kraken Futures PF_PUMPUSD+0.0816%1h0.0044840.000%$1.0M$3.3M50xas long as short
Aftermath Perps PUMPUSDshort+0.1118%1h0.004483−0.019%$519$104K10x