Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0004%/8hnext payment −$0.01 per $10,000 · paid last 24h +0.009%

Price spread now: Lighter against ApeX Omni−0.071%108s7-day average −0.019% · you buy dearer than you sell

to open and close $10k−$43fees + slippage, both legs, in and out

costs, in % of the position0.431%what the two incomes have to cover

Long on ApeX Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.075%+$7 on $10k

Price spread, last 3 days (all we have)−0.137%−$14 · spread now −0.071%, 7d avg −0.019%

Together, before fees−0.062%+ Points / potential airdropLighter: Season 3 · farm board−$6 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 0.051% cheaper against ApeX Omni than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.019%. The two prices were read 108 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni PUMPUSDT	0.004254	0.0100	pay 0.0013% / 1h	47m 38s	$97K	$764K	50x
Short	Lighter PUMP	0.004251	0.0096	get 0.0012% / 1h	47m 38s	$2.9M	$6.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against ApeX Omni. 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 ApeX OmnibpFee LighterbpOrdersPrice spread, now −0.071%Rate

Funding earned: −$0.84
Price spread: −0.071% → −0.019%: −$5.14
Slippage, 4 orders: −$33.07
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$49.05
Costs to cover: 0.431%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 6 min ago; Lighter: live order book, 5 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 ApeX Omni live order book, 6 min ago	9.41 bp	18.4 bp −$18	110.5 bp −$1,105	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	2.35 bp	2.4 bp −$2	6.6 bp −$66	64.6 bp −$6,457	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
Aster PUMPUSDT	−0.0018%	4h	0.004252	−0.047%	$750K	$2.4M	50x	as long as short
dYdX PUMP-USD	0.0000%	1h	0.004252	−0.051%	$20K	$5K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004250	−0.094%	$19K	$206K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004253	−0.024%	$69K	$133K	25x	as long as short
Orderly PERP_PUMP_USDC	0.0000%	4h	0.004249	−0.118%	$40K	$37K	10x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004252	−0.052%	$54K	—	150x	as long as short
Gate PUMP_USDT	+0.0050%	4h	0.004249	−0.118%	$4.5M	$11.9M	75x	as long as short
Phoenix PUMP	+0.0094%	1h	0.004254	+0.005%	$38K	$100K	10x	as long as short
Lighter PUMPshort	+0.0096%	1h	0.004251	−0.071%	$2.9M	$6.6M	10x
Popdex PUMPUSDT	+0.0096%	1h	0.004200	−1.269%	$26K	$826K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAP	+0.0096%	4h	0.004250	−0.094%	$22.4M	$98.9M	50x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004251	−0.061%	$41K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004251	−0.059%	$1.6M	$2.1M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004254	0.000%	$153.9M	$54.3M	10x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004252	−0.047%	$446K	$638K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004251	−0.071%	$76.0M	$176.6M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004258	+0.094%	$20K	$199K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004251	−0.071%	$41K	$57K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004253	−0.024%	$22.4M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004249	−0.118%	$16.9M	$20.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004250	−0.094%	—	$13.6M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004251	−0.078%	$762K	$193K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004253	−0.018%	$63K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004257	+0.074%	$1.2M	$10.2M	10x	as long as short
ApeX Omni PUMPUSDTlong	+0.0100%	1h	0.004254	long leg	$97K	$764K	50x
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004253	−0.024%	$94K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004251	−0.059%	$4K	$15K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004252	−0.047%	$2K	$735K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004249	−0.118%	$267	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004249	−0.118%	$22K	$154K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004248	−0.141%	$2.0M	$4.1M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004250	−0.089%	$3.5M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004249	−0.118%	$70K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0117%	1h	0.004253	−0.035%	$473K	$1.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0120%	1h	0.004252	−0.047%	$5K	$819	10x	as long as short
Aftermath Perps PUMPUSD	+0.0191%	1h	0.004256	+0.051%	$177	$118K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0208%	1h	0.004253	−0.024%	$620K	$6.0M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0221%	1h	0.004251	−0.071%	$65K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004254	0.000%	$3.5M	$4.3M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004249	−0.109%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0603%	1h	0.004274	+0.470%	$38K	$156K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0792%	1h	0.004255	+0.017%	$1.3M	$3.6M	50x	as long as short