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: Backpack against Lighter+0.192%54s7-day average −0.092% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

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

Long on Lighter Short on Backpack

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)+0.091%+$9 · spread now +0.192%, 7d avg −0.092%

Together, before fees−0.225%+ Points / potential airdropLighter: Season 3 · 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: Backpack is 0.284% dearer against Lighter than usual: you sell high and buy low, +$28 on $10k if it goes back to its 7-day average of −0.092%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PUMP	0.004588	0.0096	pay 0.0012% / 1h	16m 13s	$3.0M	$4.5M	10x
Short	Backpack PUMP_USDC_PERP	0.004597	0.0100	get 0.0013% / 1h	16m 13s	$825K	$213K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack 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 BackpackbpOrdersPrice spread, now +0.192%Rate

Funding earned: $0.84
Price spread: +0.192% → −0.092%: $28.38
Slippage, 4 orders: −$18.05
Fee Lighter: 0 bp × 2 orders: $0
Fee Backpack: 5 bp × 2 orders: −$10
Net: $1.17
Costs to cover: 0.281%
Break-even: from the start

Slippage from Lighter: live order book, 12 min ago; Backpack: live order book, 18 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, 12 min ago	2.21 bp	5.1 bp −$5	14.1 bp −$141	131.4 bp −$13.1K	doesn't fit
Sell Backpack live order book, 18 min ago	1.99 bp	11.7 bp −$12	21.1 bp −$211	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	−0.1635%	1h	0.004593	+0.109%	$21K	$11K	5x	as long as short
Gate PUMP_USDT	−0.0038%	4h	0.004587	−0.022%	$4.9M	$10.2M	75x	as long as short
Perpl PUMP	0.0000%	43m	0.004591	+0.065%	$18K	$263K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0003%	1h	0.004594	+0.126%	$61K	—	150x	as long as short
Lighter PUMPlong	+0.0096%	1h	0.004588	long leg	$3.0M	$4.5M	10x
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−1.918%	$33K	$665K	20x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004597	+0.196%	$171.1M	$50.4M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004584	−0.080%	$856K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004595	+0.153%	$527K	$869K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004586	−0.040%	$83.6M	$176.3M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004584	−0.087%	$25.2M	$104.6M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004585	−0.065%	$27K	$154K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004596	+0.174%	$51K	$149K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004594	+0.131%	$25.2M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004584	−0.087%	$17.9M	$18.9M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004585	−0.065%	—	$14.6M	—	as long as short
Backpack PUMP_USDC_PERPshort	+0.0100%	1h	0.004597	+0.192%	$825K	$213K	5x
edgeX PUMPUSDC	+0.0100%	4h	0.004594	+0.120%	$67K	$3.3M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004589	+0.022%	$1.3M	$10.9M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004588	0.000%	$163K	$748K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004595	+0.153%	$107K	$2.3M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004584	−0.087%	$43K	$2K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004520	−1.481%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004591	+0.065%	$2K	$787K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004585	−0.065%	$260	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004592	+0.087%	$22K	$126K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004584	−0.087%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004594	+0.121%	$44K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004585	−0.058%	$3.9M	$4.0M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004584	−0.087%	$68K	$10K	3x	as long as short
Nado PUMP-PERP	+0.0294%	1h	0.004593	+0.120%	$1.7M	$2.2M	10x	as long as short
01 Exchange PUMPUSD	+0.0304%	1h	0.004597	+0.196%	$6K	$600	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0274%	1h	0.004594	+0.131%	$66K	—	100x	as long as short
Phoenix PUMP	+0.0332%	1h	0.004591	+0.070%	$45K	$146K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004595	+0.153%	$3.8M	$4.8M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004591	+0.062%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0344%	1h	0.004582	−0.131%	$38K	$204K	12x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0544%	1h	0.004592	+0.087%	$751K	$6.3M	50x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0623%	1h	0.004587	−0.022%	$70K	$110K	25x	as long as short
RISEx PUMP/USDC	+0.0741%	1h	0.004593	+0.109%	$534K	$1.1M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0807%	1h	0.004587	−0.020%	$1.1M	$3.6M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0987%	1h	0.004584	−0.083%	$507	$105K	10x	as long as short