Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.021%

Price spread now: Aster against Lighter+0.069%7-day average −0.091% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$400.399% of the position

Long on Lighter Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.096%−$10 on $10k

Price spread, last 7 days−0.127%−$13 · spread now +0.069%, 7d avg −0.091%

Together, before fees−0.223%+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm board−$22 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: Aster is 0.159% dearer against Lighter than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.091%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PUMP	0.004333	0.0096	pay 0.0012% / 1h	24m 48s	$2.9M	$5.5M	10x
Short	Aster PUMPUSDT	0.004336	0.0100	get 0.0050% / 4h	2h 24m	$786K	$2.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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

Position, each leg$Hold fordaysFee LighterbpFee AsterbpOrdersPrice spread, now +0.069%Rate

Funding earned: $0.84
Price spread: +0.069% → −0.091%: $15.91
Slippage, 4 orders: −$31.88
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$23.13
Costs to cover: 0.399%
Break-even: 199.7 days

Slippage from Lighter: live order book, 3 min ago; Aster: 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 Lighter live order book, 3 min ago	1.15 bp	9.2 bp −$9	24.3 bp −$243	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	4.62 bp	14.0 bp −$14	24.8 bp −$248	doesn't fit	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	−0.3840%	1h	0.004338	+0.111%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0277%	1h	0.004334	+0.021%	$773K	$182K	5x	as long as short
Perpl PUMP	−0.0112%	43m	0.004336	+0.069%	$20K	$204K	20x	as long as short
OKX PUMP-USDT-SWAP	−0.0066%	4h	0.004336	+0.069%	$22.7M	$95.9M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0019%	4h	0.004335	+0.046%	$41K	$10K	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004335	+0.046%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004336	+0.058%	$55K	—	150x	as long as short
Lighter PUMPlong	+0.0096%	1h	0.004333	long leg	$2.9M	$5.5M	10x
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.762%	$29K	$766K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004336	+0.076%	$42K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado PUMP-PERP	+0.0100%	1h	0.004335	+0.058%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004340	+0.162%	$158.8M	$52.1M	10x	as long as short
Aster PUMPUSDTshort	+0.0100%	4h	0.004336	+0.069%	$786K	$2.0M	50x
Pacifica PUMP	+0.0100%	1h	0.004337	+0.092%	$449K	$611K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004336	+0.069%	$77.0M	$164.0M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004333	−0.005%	$25K	$179K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004336	+0.069%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004335	+0.046%	$4.6M	$11.7M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004339	+0.138%	$22.9M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004336	+0.069%	$17.1M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004336	+0.069%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004332	−0.033%	$63K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004335	+0.046%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004337	+0.092%	$137K	$769K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004339	+0.138%	$97K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004335	+0.045%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004335	+0.046%	$2K	$708K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004332	−0.023%	$714	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004330	−0.069%	$21K	$148K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004331	−0.046%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004336	+0.072%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004334	+0.023%	$71K	$18K	3x	as long as short
01 Exchange PUMPUSD	+0.0112%	1h	0.004338	+0.115%	$6K	$497	10x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004338	+0.105%	$492K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004332	−0.014%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004340	+0.162%	$659K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0306% / S −0.0224%	1h	0.004334	+0.023%	$67K	—	100x	as long as short
Aftermath Perps PUMPUSD	+0.0334%	1h	0.004331	−0.036%	$200	$106K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004333	0.000%	$3.4M	$3.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004335	+0.055%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	−0.208%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0684%	1h	0.004339	+0.137%	$1.3M	$3.5M	50x	as long as short