PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h +0.042%

Price spread now: Lighter against Polymarket Perps−0.312%7-day average +0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs+$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$200.197% of the position

Long on Polymarket Perps Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.246%+$25 on $10k

Price spread, last 7 days+0.348%+$35 · spread now −0.312%, 7d avg +0.068%

Together, before fees+0.594%+ Points / potential airdropLighter: Season 3 · farm board+$59 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: Lighter is 0.380% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$38 on $10k if it goes back to its 7-day average of +0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps PUMP-USD	0.004491	0.0100	pay 0.0013% / 1h	0m 02s	$100K	$2.1M	10x
Short	Lighter PUMP	0.004477	0.0096	get 0.0012% / 1h	0m 02s	$2.9M	$5.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Polymarket Perps. 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 Polymarket PerpsbpFee LighterbpOrdersPrice spread, now −0.312%Rate

Funding earned: −$0.84
Price spread: −0.312% → +0.068%: −$38.02
Slippage, 4 orders: −$11.71
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$58.57
Costs to cover: 0.197%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 4 min ago; Lighter: live order book, 8 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 Polymarket Perps live order book, 4 min ago	1.11 bp	7.3 bp −$7	7.6 bp −$76	doesn't fit	doesn't fit
Sell Lighter live order book, 8 min ago	1.11 bp	3.2 bp −$3	6.6 bp −$66	59.4 bp −$5,938	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	−0.3895%	1h	0.004486	−0.109%	$21K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004486	−0.111%	$18K	$215K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004488	−0.067%	$71K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004486	−0.103%	$54K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0089%	4h	0.004487	−0.089%	$42K	$10K	10x	as long as short
Lighter PUMPshort	+0.0096%	1h	0.004477	−0.312%	$2.9M	$5.5M	10x
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−2.026%	$28K	$778K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004487	−0.094%	$695K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004490	−0.022%	$523K	$717K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004474	−0.370%	$81.8M	$167.4M	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	0.004473	−0.401%	$24.3M	$98.3M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004487	−0.091%	$21K	$172K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004488	−0.067%	$41K	$66K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004474	−0.379%	$4.9M	$11.2M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004476	−0.334%	$23.8M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004474	−0.379%	$17.6M	$19.7M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004473	−0.401%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004473	−0.396%	$795K	$186K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004494	+0.056%	$67K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004490	−0.032%	$1.2M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004493	+0.045%	$150K	$751K	50x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004490	−0.011%	$1.7M	$2.0M	10x	as long as short
Polymarket Perps PUMP-USDlong	+0.0100%	1h	0.004491	long leg	$100K	$2.1M	10x
Derive PUMP-PERP	+0.0100%	1h	0.004487	−0.086%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004486	−0.111%	$2K	$742K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004488	−0.067%	$282	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004477	−0.312%	$21K	$116K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004476	−0.334%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004489	−0.053%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004484	−0.156%	$71K	$8K	3x	as long as short
Phoenix PUMP	+0.0235%	1h	0.004498	+0.151%	$43K	$103K	10x	as long as short
Extended PUMP-USD	+0.0256%	1h	0.004473	−0.391%	$3.8M	$4.2M	50x	as long as short
01 Exchange PUMPUSD	+0.0320%	1h	0.004491	0.000%	$6K	$727	10x	as long as short
RISEx PUMP/USDC	+0.0322%	1h	0.004490	−0.012%	$530K	$1.0M	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004487	−0.095%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0349% / S −0.0278%	1h	0.004485	−0.134%	$72K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004490	−0.022%	$706K	$5.9M	50x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004511	+0.445%	$39K	$204K	12x	as long as short
Hyperliquid PUMP	+0.0705%	1h	0.004479	−0.267%	$167.3M	$55.7M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0864%	1h	0.004492	+0.020%	$593	$112K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1238%	1h	0.004495	+0.081%	$1.4M	$3.1M	50x	as long as short