PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +11.0% APRnext payment +$0.13 per $10,000 · paid last 24h −0.028%

Price spread now: Deribit against Lighter0.000%7-day average −0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$360.365% of the position

Long on Lighter Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.347%−$35 on $10k

Price spread, last 3 days (all we have)+0.028%+$3 · spread now 0.000%, 7d avg −0.040%

Together, before fees−0.319%+ Points / potential airdropLighter: Season 3 · farm board−$32 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Deribit is 0.040% dearer against Lighter than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.040%. Mind the row above: over the last 7 days funding on this pair cost −0.347%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PUMP	0.004485	0.0096	pay 0.0012% / 1h	59m 23s	$2.9M	$5.4M	10x
Short	Deribit PUMP_USDC-PERPETUAL	0.004485	0.0196	get 0.0024% / 1h	59m 23s	$71K	$124K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $21
Price spread: 0.000% → −0.040%: $3.98
Slippage, 4 orders: −$29.48
Fee Lighter: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$11.5
Costs to cover: 0.365%
Break-even: 10.8 days

Slippage from Lighter: live order book, 9 min ago; Deribit: live order book, 69 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, 9 min ago	1.11 bp	4.0 bp −$4	7.9 bp −$79	58.7 bp −$5,869	doesn't fit
Sell Deribit live order book, 69 min ago	8.93 bp	16.8 bp −$17	doesn't fit	doesn't fit	doesn't fit

PUMP on 41 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	−0.3830%	1h	0.004480	−0.108%	$21K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004480	−0.111%	$18K	$217K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004482	−0.068%	$53K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0089%	4h	0.004484	−0.022%	$42K	$10K	10x	as long as short
Lighter PUMPlong	+0.0096%	1h	0.004485	long leg	$2.9M	$5.4M	10x
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.895%	$27K	$779K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004481	−0.099%	$694K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004483	−0.045%	$522K	$722K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004483	−0.056%	$81.9M	$167.4M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004484	−0.022%	$24.4M	$98.5M	50x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004478	−0.161%	$21K	$175K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004483	−0.045%	$41K	$66K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004480	−0.111%	$4.9M	$11.1M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004484	−0.022%	$23.9M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004484	−0.022%	$17.7M	$19.7M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004482	−0.067%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004473	−0.263%	$795K	$186K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004486	+0.015%	$67K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004490	+0.101%	$1.2M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004487	+0.045%	$149K	$751K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004485	0.000%	$102K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004484	−0.031%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004483	−0.045%	$2K	$742K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004484	−0.022%	$281	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004479	−0.134%	$21K	$116K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004484	−0.022%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004484	−0.021%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004482	−0.067%	$71K	$8K	3x	as long as short
Deribit PUMP_USDC-PERPETUALshort	+0.0196%	1h	0.004485	0.000%	$71K	$124K	25x
Phoenix PUMP	+0.0235%	1h	0.004489	+0.100%	$43K	$91K	10x	as long as short
Extended PUMP-USD	+0.0256%	1h	0.004484	−0.013%	$3.8M	$4.2M	50x	as long as short
Nado PUMP-PERP	+0.0315%	1h	0.004481	−0.100%	$1.7M	$2.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0328%	1h	0.004485	0.000%	$6K	$727	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004482	−0.073%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0349% / S −0.0278%	1h	0.004481	−0.089%	$72K	—	100x	as long as short
Hyperliquid PUMP	+0.0437%	1h	0.004488	+0.067%	$167.7M	$55.7M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0448%	1h	0.004486	+0.022%	$703K	$5.9M	50x	as long as short
RISEx PUMP/USDC	+0.0544%	1h	0.004485	−0.005%	$530K	$1.0M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0866%	1h	0.004489	+0.094%	$593	$112K	10x	as long as short
Injective PUMP/USDC PERP	+0.0880%	1h	0.004489	+0.089%	$39K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.1332%	1h	0.004491	+0.137%	$1.4M	$3.1M	50x	as long as short