Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.015%

Price spread now: Lighter against Orderly+0.109%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Lighter

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.109% dearer against Orderly than usual: you sell high and buy low, +$11 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_PUMP_USDC	0.004580	0.0100	pay 0.0050% / 4h	2h 59m	$43K	$2K	10x
Short	Lighter PUMP	0.004585	0.0096	get 0.0012% / 1h	59m 56s	$3.0M	$4.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Orderly. 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 OrderlybpFee LighterbpOrdersPrice spread, now +0.109%Rate

Funding earned: −$0.84
Price spread: +0.109% → 0.000%: $10.92
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: $4.08
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; Lighter: live order book, 3 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Lighter live order book, 3 min ago	1.09 bp	5.3 bp −$5	7.1 bp −$71	62.6 bp −$6,263	doesn't fit

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 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	−0.3325%	1h	0.004581	+0.025%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004577	−0.066%	$18K	$261K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0003%	1h	0.004583	+0.059%	$61K	—	150x	as long as short
Lighter PUMPshort	+0.0096%	1h	0.004585	+0.109%	$3.0M	$4.5M	10x
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−1.747%	$30K	$670K	20x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004587	+0.153%	$170.7M	$49.7M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004582	+0.049%	$865K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004582	+0.044%	$524K	$857K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004582	+0.044%	$83.6M	$175.6M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004577	−0.066%	$25.2M	$103.2M	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	0.004572	−0.179%	$27K	$154K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004589	+0.197%	$51K	$152K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004579	−0.022%	$4.9M	$10.2M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004583	+0.066%	$25.1M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004583	+0.066%	$18.1M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004581	+0.022%	—	$14.6M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004583	+0.074%	$821K	$212K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004594	+0.298%	$68K	$3.3M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004592	+0.270%	$1.3M	$10.9M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004595	+0.328%	$163K	$744K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004591	+0.240%	$108K	$2.2M	10x	as long as short
Orderly PERP_PUMP_USDClong	+0.0100%	4h	0.004580	long leg	$43K	$2K	10x
SunX PUMP-USDT	+0.0100%	4h	0.004582	+0.044%	$2K	$785K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004583	+0.066%	$292	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004576	−0.087%	$22K	$126K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004582	+0.044%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004584	+0.079%	$44K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004581	+0.026%	$3.9M	$4.0M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004581	+0.022%	$68K	$10K	3x	as long as short
01 Exchange PUMPUSD	+0.0296%	1h	0.004589	+0.197%	$6K	$600	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0274%	1h	0.004576	−0.087%	$66K	—	100x	as long as short
Nado PUMP-PERP	+0.0314%	1h	0.004588	+0.175%	$1.7M	$2.1M	10x	as long as short
Phoenix PUMP	+0.0332%	1h	0.004587	+0.155%	$45K	$146K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004575	−0.109%	$3.8M	$4.8M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004578	−0.051%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0344%	1h	0.004582	+0.044%	$38K	$204K	12x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0405%	1h	0.004584	+0.087%	$70K	$109K	25x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0544%	1h	0.004587	+0.153%	$746K	$6.2M	50x	as long as short
RISEx PUMP/USDC	+0.0741%	1h	0.004588	+0.186%	$589K	$1.1M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0807%	1h	0.004588	+0.165%	$1.1M	$3.5M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0950%	1h	0.004588	+0.177%	$508	$103K	10x	as long as short