Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.001%

Price spread now: HTX against Lighter−0.313%7-day average −0.095% · you buy dearer than you sell

Net, funding: paid 7d − costs−$148as in the Funding arb table

Net, price: spread back to 7d avg − costs−$163as in the Price arb table

costs, in and out, $10k−$1421.418% of the position

Long on Lighter Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.063%−$6 on $10k

Price spread, last 4 days (all we have)+0.199%+$20 · spread now −0.313%, 7d avg −0.095%

Together, before fees+0.136%+ Points / potential airdropLighter: Season 3 · farm board+$14 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: HTX is 0.217% cheaper against Lighter than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of −0.095%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PUMP	0.004478	0.0096	pay 0.0012% / 1h	29m 34s	$2.9M	$5.5M	10x
Short	HTX PUMP-USDT	0.004464	0.0100	get 0.0050% / 4h	1h 29m	$21K	$119K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.313%Rate

Funding earned: $0.84
Price spread: −0.313% → −0.095%: −$21.73
Slippage, 4 orders: −$129.77
Fee Lighter: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$162.66
Costs to cover: 1.418%
Break-even: 1362.5 days

Slippage from Lighter: live order book, 3 min ago; HTX: live order book, 31 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	2.24 bp	3.0 bp −$3	13.4 bp −$134	119.2 bp −$11.9K	doesn't fit
Sell HTX live order book, 31 min ago	22.29 bp	62.4 bp −$62	doesn't fit	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
Perpl PUMP	−0.0112%	43m	0.004472	−0.134%	$18K	$226K	20x	as long as short
dYdX PUMP-USD	−0.0013%	1h	0.004473	−0.110%	$20K	$9K	5x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004471	−0.156%	$71K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004470	−0.182%	$53K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0096%	4h	0.004471	−0.156%	$42K	$10K	10x	as long as short
Lighter PUMPlong	+0.0096%	1h	0.004478	long leg	$2.9M	$5.5M	10x
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.742%	$28K	$790K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004474	−0.078%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004477	−0.022%	$704K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004479	+0.022%	$491K	$778K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PUMPUSDT	+0.0100%	4h	0.004481	+0.067%	$81.9M	$170.3M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004479	+0.022%	$24.3M	$99.0M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004470	−0.174%	$37K	$191K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004482	+0.089%	$41K	$66K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004475	−0.067%	$5.0M	$11.2M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004480	+0.045%	$23.8M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004480	+0.045%	$17.7M	$19.9M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004479	+0.022%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004472	−0.143%	$795K	$188K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004468	−0.218%	$65K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004472	−0.124%	$1.2M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004472	−0.134%	$149K	$752K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004476	−0.045%	$106K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004470	−0.174%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004473	−0.112%	$1K	$753K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004472	−0.134%	$281	$7K	10x	as long as short
HTX PUMP-USDTshort	+0.0100%	4h	0.004464	−0.313%	$21K	$119K	20x
Phemex PUMPUSDT	+0.0100%	4h	0.004471	−0.156%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004483	+0.106%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004468	−0.223%	$71K	$11K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0191% / S −0.0050%	1h	0.004472	−0.134%	$60K	—	100x	as long as short
Extended PUMP-USD	+0.0248%	1h	0.004481	+0.072%	$3.8M	$4.2M	50x	as long as short
01 Exchange PUMPUSD	+0.0288%	1h	0.004485	+0.156%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0321%	1h	0.004476	−0.038%	$43K	$103K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004478	0.000%	$3.7M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004474	−0.096%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0448%	1h	0.004473	−0.112%	$697K	$6.0M	50x	as long as short
RISEx PUMP/USDC	+0.0544%	1h	0.004484	+0.137%	$533K	$992K	10x	as long as short
Hyperliquid PUMP	+0.0560%	1h	0.004477	−0.022%	$167.5M	$55.9M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0873%	1h	0.004477	−0.023%	$591	$117K	10x	as long as short
Injective PUMP/USDC PERP	+0.0880%	1h	0.004478	0.000%	$39K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.1337%	1h	0.004475	−0.076%	$1.1M	$3.4M	50x	as long as short