Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.016%

Price spread now: Orderly against Lighter−0.023%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Orderly is 0.023% cheaper against Lighter than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PUMP	0.004437	0.0096	pay 0.0012% / 1h	34m 48s	$2.9M	$5.4M	10x
Short	Orderly PERP_PUMP_USDC	0.004436	0.0046	get 0.0023% / 4h	3h 34m	$42K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.023%Rate

Funding earned: −$10.57
Price spread: −0.023% → 0.000%: −$2.25
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$18.83
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 3 min ago; Orderly: no order-book sample. Net counts fees only.

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	2.26 bp	3.2 bp −$3	7.2 bp −$72	77.5 bp −$7,748	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0013%	1h	0.004463	+0.589%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004433	−0.090%	$18K	$212K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004434	−0.068%	$70K	$125K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004436	−0.032%	$55K	—	150x	as long as short
Orderly PERP_PUMP_USDCshort	+0.0046%	4h	0.004436	−0.023%	$42K	$10K	10x
OKX PUMP-USDT-SWAP	+0.0060%	4h	0.004437	0.000%	$23.3M	$99.2M	50x	as long as short
Lighter PUMPlong	+0.0096%	1h	0.004437	long leg	$2.9M	$5.4M	10x
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.834%	$30K	$787K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004458	+0.484%	$43K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004433	−0.079%	$1.6M	$2.0M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PUMPUSDT	+0.0100%	4h	0.004437	+0.007%	$726K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004460	+0.518%	$466K	$602K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004435	−0.045%	$79.6M	$165.5M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004454	+0.385%	$26K	$168K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004438	+0.023%	$43K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004433	−0.090%	$4.8M	$10.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004438	+0.023%	$23.5M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004437	0.000%	$17.8M	$19.4M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004435	−0.045%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004433	−0.088%	$789K	$176K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004399	−0.849%	$65K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004401	−0.822%	$1.2M	$10.2M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004424	−0.293%	$139K	$759K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004438	+0.023%	$100K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004435	−0.037%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004437	0.000%	$1K	$727K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004435	−0.045%	$278	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004435	−0.045%	$22K	$134K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004436	−0.023%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004432	−0.122%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004432	−0.113%	$71K	$12K	3x	as long as short
01 Exchange PUMPUSD	+0.0216%	1h	0.004438	+0.023%	$6K	$830	10x	as long as short
Phoenix PUMP	+0.0237%	1h	0.004421	−0.352%	$40K	$99K	10x	as long as short
RISEx PUMP/USDC	+0.0297%	1h	0.004439	+0.056%	$483K	$1.0M	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004432	−0.113%	$3.5M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004433	−0.094%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0350% / S −0.0291%	1h	0.004433	−0.090%	$75K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0352%	1h	0.004438	+0.023%	$692K	$5.7M	50x	as long as short
Hyperliquid PUMP	+0.0353%	1h	0.004444	+0.158%	$163.4M	$53.8M	10x	as long as short
Injective PUMP/USDC PERP	+0.0480%	1h	0.004471	+0.766%	$39K	$203K	12x	as long as short
Aftermath Perps PUMPUSD	+0.0621%	1h	0.004414	−0.525%	$386	$107K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0927%	1h	0.004440	+0.064%	$1.3M	$3.5M	50x	as long as short