PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0475%/8h= +52.0% APRnext payment +$0.59 per $10,000 · paid last 24h −0.321%

Price spread now: Injective against Lighter+0.199%7-day average −0.138% · you sell dearer than you buy

Net, funding: paid 7d − costs−$223as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$870.870% of the position

Long on Lighter Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−1.362%−$136 on $10k

Price spread, last 3 days (all we have)−0.076%−$8 · spread now +0.199%, 7d avg −0.138%

Together, before fees−1.438%+ Points / potential airdropLighter: Season 3 · farm board−$144 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Injective is 0.337% dearer against Lighter than usual: you sell high and buy low: +$34 more if the spread goes back to its 7-day average of −0.138%. Mind the row above: over the last 7 days funding on this pair cost −1.362%, 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	0.004515	0.0096	pay 0.0012% / 1h	21m 13s	$2.9M	$5.5M	10x
Short	Injective PUMP/USDC PERP	0.004524	0.0571	get 0.0071% / 1h	21m 13s	$39K	$204K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.199%Rate

Funding earned: $99.69
Price spread: +0.199% → −0.138%: $33.72
Slippage, 4 orders: −$86.98
Fee Lighter: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $46.41
Costs to cover: 0.870%
Break-even: 3.7 days

Slippage from Lighter: live order book, 7 min ago; Injective: live order book, 48 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	2.22 bp	4.4 bp −$4	10.8 bp −$108	85.1 bp −$8,510	doesn't fit
Sell Injective live order book, 48 min ago	22.38 bp	31.5 bp −$31	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	−0.4168%	1h	0.004508	−0.151%	$21K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004513	−0.044%	$18K	$211K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004514	−0.026%	$54K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0074%	4h	0.004514	−0.022%	$42K	$10K	10x	as long as short
Lighter PUMPlong	+0.0096%	1h	0.004515	long leg	$2.9M	$5.5M	10x
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−0.332%	$30K	$772K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004514	−0.011%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004515	−0.006%	$721K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004518	+0.066%	$496K	$662K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004513	−0.033%	$82.1M	$167.2M	75x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004513	−0.044%	$24.5M	$99.4M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004520	+0.111%	$21K	$172K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004516	+0.022%	$41K	$66K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004513	−0.044%	$4.9M	$11.1M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004518	+0.066%	$24.0M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004512	−0.066%	$17.8M	$19.7M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004512	−0.066%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004514	−0.022%	$801K	$188K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004509	−0.126%	$67K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004512	−0.077%	$1.3M	$10.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004509	−0.133%	$150K	$752K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004518	+0.066%	$91K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004513	−0.036%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004513	−0.044%	$2K	$743K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004514	−0.022%	$283	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004511	−0.089%	$22K	$117K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004513	−0.044%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004517	+0.049%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004510	−0.111%	$72K	$8K	3x	as long as short
Extended PUMP-USD	+0.0120%	1h	0.004513	−0.039%	$3.9M	$4.3M	50x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0193%	1h	0.004515	0.000%	$72K	$124K	25x	as long as short
Phoenix PUMP	+0.0235%	1h	0.004513	−0.051%	$42K	$103K	10x	as long as short
01 Exchange PUMPUSD	+0.0288%	1h	0.004519	+0.089%	$6K	$727	10x	as long as short
RISEx PUMP/USDC	+0.0322%	1h	0.004517	+0.044%	$534K	$1.1M	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004514	−0.028%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0362% / S −0.0292%	1h	0.004513	−0.044%	$73K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004519	+0.089%	$724K	$5.9M	50x	as long as short
Injective PUMP/USDC PERPshort	+0.0571%	1h	0.004524	+0.199%	$39K	$204K	12x
Hyperliquid PUMP	+0.0710%	1h	0.004523	+0.177%	$169.4M	$55.2M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0785%	1h	0.004509	−0.133%	$797	$111K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1231%	1h	0.004519	+0.095%	$1.3M	$3.1M	50x	as long as short