Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0244%/8h= +26.7% APRpaid last 24h +0.073%

Price spread now: BloFin against Lighter−0.067%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$380.382% of the position

Long on Lighter Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.360%+$36 on $10k

Price spread, last 4 days (all we have)−0.320%−$32 · spread now −0.067%, 7d avg −0.046%

Together, before fees+0.041%+ Points / potential airdropLighter: Season 3 · farm board+$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.021% cheaper against Lighter than usual: you would sell low and buy high (spread −0.067% now, against its 7-day average of −0.046%). If the spread goes back, that is −$2 on $10k: about 7 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PUMP	0.004508	0.0096	pay 0.0012% / 1h	31m 13s	$2.9M	$4.4M	10x
Short	BloFin PUMP-USDT	0.004505	0.0340	get 0.0170% / 4h	3h 31m	$3.8M	$4.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.067%Rate

Funding earned: $51.24
Price spread: −0.067% → −0.046%: −$2.09
Slippage, 4 orders: −$26.17
Fee Lighter: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: $10.98
Costs to cover: 0.382%
Break-even: 5.5 days

Slippage from Lighter: live order book, 7 min ago; BloFin: live order book, 2 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, 7 min ago	1.10 bp	3.9 bp −$4	8.1 bp −$81	69.1 bp −$6,905	doesn't fit
Sell BloFin live order book, 2 min ago	3.32 bp	15.3 bp −$15	19.4 bp −$194	39.6 bp −$3,965	128.2 bp −$64.1K

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
Gate PUMP_USDT	−0.0150%	4h	0.004503	−0.111%	$4.8M	$10.0M	75x	as long as short
dYdX PUMP-USD	−0.0036%	1h	0.004511	+0.072%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004501	−0.155%	$19K	$267K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004501	−0.158%	$54K	—	150x	as long as short
Lighter PUMPlong	+0.0096%	1h	0.004508	long leg	$2.9M	$4.4M	10x
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−0.177%	$35K	$674K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004502	−0.133%	$850K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004514	+0.133%	$517K	$886K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004505	−0.067%	$82.3M	$176.6M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004504	−0.089%	$24.8M	$103.1M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004533	+0.563%	$27K	$157K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004502	−0.133%	$50K	$140K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004506	−0.044%	$24.7M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004504	−0.089%	$17.5M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004503	−0.111%	—	$14.5M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004504	−0.087%	$808K	$214K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004525	+0.386%	$66K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004539	+0.689%	$1.3M	$10.9M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004524	+0.355%	$161K	$749K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004503	−0.111%	$106K	$2.3M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004500	−0.177%	$42K	$2K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004542	+0.746%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004501	−0.155%	$2K	$787K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004503	−0.111%	$256	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004502	−0.133%	$23K	$124K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004503	−0.111%	$1.9M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004514	+0.141%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004500	−0.171%	$3.7M	$3.9M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004498	−0.222%	$67K	$10K	3x	as long as short
Hyperliquid PUMP	+0.0142%	1h	0.004508	0.000%	$168.0M	$51.6M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0303% / S −0.0274%	1h	0.004504	−0.089%	$64K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0328%	1h	0.004502	−0.133%	$6K	$600	10x	as long as short
Phoenix PUMP	+0.0332%	1h	0.004546	+0.850%	$44K	$146K	10x	as long as short
BloFin PUMP-USDTshort	+0.0340%	4h	0.004505	−0.067%	$3.8M	$4.7M	75x
Reya PUMPRUSDPERP	+0.0344%	1h	0.004502	−0.138%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0344%	1h	0.004582	+1.642%	$38K	$204K	12x	as long as short
Nado PUMP-PERP	+0.0375%	1h	0.004502	−0.122%	$1.6M	$2.2M	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0417%	1h	0.004503	−0.111%	$69K	$116K	25x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0544%	1h	0.004508	0.000%	$746K	$6.1M	50x	as long as short
RISEx PUMP/USDC	+0.0741%	1h	0.004504	−0.089%	$525K	$1.1M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0822%	1h	0.004507	−0.014%	$1.1M	$3.5M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0972%	1h	0.004532	+0.543%	$501	$110K	10x	as long as short