Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: Lighter against Popdex+0.705%7-day average +1.351% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$430.435% of the position

Long on Popdex Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.049%+$5 on $10k

Price spread, last 4 days (all we have)+0.177%+$18 · spread now +0.705%, 7d avg +1.351%

Together, before fees+0.226%+ Points / potential airdropLighter: Season 3 · farm board+$23 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 0.647% cheaper against Popdex than usual: you would sell low and buy high, −$65 on $10k if it goes back to its 7-day average of +1.351%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex PUMPUSDT	0.004400	0.0096	pay 0.0012% / 1h	29m 41s	$30K	$788K	20x
Short	Lighter PUMP	0.004431	0.0096	get 0.0012% / 1h	29m 41s	$2.9M	$5.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Popdex. 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 PopdexbpFee LighterbpOrdersPrice spread, now +0.705%Rate

Funding earned: $0
Price spread: +0.705% → +1.351%: −$64.67
Slippage, 4 orders: −$37.06
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Lighter: 0 bp × 2 orders: $0
Net: −$108.13
Costs to cover: 0.435%
Break-even: never at this rate

Slippage from Popdex: live order book, 44 min ago; Lighter: 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 Popdex live order book, 44 min ago	3.43 bp	16.7 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	2.26 bp	4.5 bp −$4	7.0 bp −$70	63.9 bp −$6,390	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	0.004432	+0.734%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004427	+0.614%	$18K	$213K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004426	+0.591%	$70K	$125K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004428	+0.626%	$55K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0048%	4h	0.004425	+0.568%	$42K	$10K	10x	as long as short
OKX PUMP-USDT-SWAP	+0.0062%	4h	0.004438	+0.864%	$23.3M	$99.0M	50x	as long as short
Lighter PUMPshort	+0.0096%	1h	0.004431	+0.705%	$2.9M	$5.4M	10x
Popdex PUMPUSDTlong	+0.0096%	1h	0.004400	long leg	$30K	$788K	20x
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004435	+0.785%	$43K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004429	+0.670%	$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	0.004431	+0.701%	$724K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004432	+0.727%	$468K	$626K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004430	+0.678%	$79.5M	$165.5M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004428	+0.636%	$26K	$167K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004440	+0.909%	$43K	$52K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004431	+0.705%	$4.8M	$10.6M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004433	+0.750%	$23.5M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004438	+0.864%	$17.8M	$19.3M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004436	+0.818%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004431	+0.716%	$789K	$176K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004433	+0.748%	$65K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004432	+0.735%	$1.2M	$10.4M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004433	+0.750%	$140K	$760K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004430	+0.682%	$103K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004426	+0.583%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004432	+0.727%	$2K	$729K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004428	+0.636%	$278	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004431	+0.705%	$21K	$135K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004429	+0.659%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004439	+0.876%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004421	+0.477%	$70K	$12K	3x	as long as short
01 Exchange PUMPUSD	+0.0232%	1h	0.004443	+0.977%	$6K	$830	10x	as long as short
Phoenix PUMP	+0.0237%	1h	0.004434	+0.768%	$40K	$99K	10x	as long as short
RISEx PUMP/USDC	+0.0297%	1h	0.004440	+0.920%	$483K	$1.0M	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004433	+0.750%	$3.5M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004425	+0.564%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0351% / S −0.0293%	1h	0.004424	+0.545%	$74K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0352%	1h	0.004433	+0.750%	$692K	$5.7M	50x	as long as short
Hyperliquid PUMP	+0.0406%	1h	0.004439	+0.886%	$163.3M	$54.0M	10x	as long as short
Injective PUMP/USDC PERP	+0.0480%	1h	0.004441	+0.932%	$39K	$203K	12x	as long as short
Aftermath Perps PUMPUSD	+0.0627%	1h	0.004427	+0.614%	$387	$108K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0928%	1h	0.004435	+0.785%	$1.3M	$3.5M	50x	as long as short