Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.001%

Price spread now: Phemex against Lighter+0.090%7-day average −0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$800.797% of the position

Long on Lighter Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.071%−$7 on $10k

Price spread, last 3 days (all we have)−0.070%−$7 · spread now +0.090%, 7d avg −0.058%

Together, before fees−0.141%+ 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: Phemex is 0.149% dearer against Lighter than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PUMP	0.004430	0.0096	pay 0.0012% / 1h	30m 47s	$2.9M	$5.4M	10x
Short	Phemex PUMPUSDT	0.004434	0.0100	get 0.0050% / 4h	3h 30m	$2.0M	$4.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.090%Rate

Funding earned: $0.84
Price spread: +0.090% → −0.058%: $14.86
Slippage, 4 orders: −$67.65
Fee Lighter: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$63.95
Costs to cover: 0.797%
Break-even: 540.0 days

Slippage from Lighter: live order book, 7 min ago; Phemex: live order book, 3 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	2.26 bp	3.2 bp −$3	7.2 bp −$72	77.5 bp −$7,748	doesn't fit
Sell Phemex live order book, 3 min ago	9.01 bp	34.2 bp −$34	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
dYdX PUMP-USD	−0.0011%	1h	0.004428	−0.039%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004435	+0.113%	$18K	$212K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004434	+0.090%	$70K	$125K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004434	+0.082%	$55K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0047%	4h	0.004433	+0.068%	$42K	$10K	10x	as long as short
OKX PUMP-USDT-SWAP	+0.0057%	4h	0.004427	−0.068%	$23.3M	$98.8M	50x	as long as short
Lighter PUMPlong	+0.0096%	1h	0.004430	long leg	$2.9M	$5.4M	10x
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.677%	$30K	$790K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004426	−0.088%	$43K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004434	+0.102%	$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	0.004432	+0.044%	$724K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004430	0.000%	$462K	$602K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004428	−0.048%	$79.4M	$165.4M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004431	+0.029%	$26K	$167K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004428	−0.045%	$43K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004433	+0.068%	$4.8M	$10.6M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004435	+0.113%	$23.5M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004426	−0.090%	$17.7M	$19.3M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004427	−0.068%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004433	+0.077%	$789K	$176K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004441	+0.259%	$65K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004435	+0.113%	$1.2M	$10.3M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004433	+0.068%	$140K	$760K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004439	+0.203%	$105K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004433	+0.065%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004436	+0.135%	$2K	$730K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004433	+0.068%	$278	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004429	−0.023%	$21K	$135K	20x	as long as short
Phemex PUMPUSDTshort	+0.0100%	4h	0.004434	+0.090%	$2.0M	$4.0M	20x
Extended PUMP-USD	+0.0104%	1h	0.004434	+0.081%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004428	−0.045%	$71K	$12K	3x	as long as short
01 Exchange PUMPUSD	+0.0232%	1h	0.004439	+0.203%	$6K	$830	10x	as long as short
Phoenix PUMP	+0.0237%	1h	0.004434	+0.086%	$40K	$99K	10x	as long as short
RISEx PUMP/USDC	+0.0297%	1h	0.004436	+0.124%	$483K	$1.0M	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004433	+0.068%	$3.5M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004435	+0.109%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0351% / S −0.0293%	1h	0.004432	+0.045%	$75K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0352%	1h	0.004437	+0.158%	$694K	$5.8M	50x	as long as short
Hyperliquid PUMP	+0.0398%	1h	0.004443	+0.293%	$163.4M	$54.0M	10x	as long as short
Injective PUMP/USDC PERP	+0.0480%	1h	0.004441	+0.248%	$39K	$203K	12x	as long as short
Aftermath Perps PUMPUSD	+0.0626%	1h	0.004426	−0.079%	$387	$108K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0927%	1h	0.004438	+0.178%	$1.3M	$3.5M	50x	as long as short