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 +0.021%

Price spread now: Lighter against Aster+0.017%7-day average +0.088% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$300.299% of the position

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 7 days−0.011%−$1 · spread now +0.017%, 7d avg +0.088%

Together, before fees+0.085%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board+$9 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 0.071% cheaper against Aster than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.088%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PUMPUSDT	0.004480	0.0100	pay 0.0050% / 4h	3h 11m	$738K	$2.3M	50x
Short	Lighter PUMP	0.004481	0.0096	get 0.0012% / 1h	11m 01s	$2.9M	$5.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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 AsterbpFee LighterbpOrdersPrice spread, now +0.017%Rate

Funding earned: −$0.84
Price spread: +0.017% → +0.088%: −$7.1
Slippage, 4 orders: −$21.9
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$37.84
Costs to cover: 0.299%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; Lighter: live order book, 7 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 Aster live order book, 2 min ago	5.58 bp	13.7 bp −$14	23.8 bp −$238	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	1.12 bp	3.4 bp −$3	8.4 bp −$84	100.4 bp −$10.0K	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	−0.1017%	1h	0.004477	−0.073%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004474	−0.140%	$18K	$203K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004482	+0.039%	$71K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004472	−0.184%	$54K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0053%	4h	0.004482	+0.039%	$42K	$10K	10x	as long as short
Lighter PUMPshort	+0.0096%	1h	0.004481	+0.017%	$2.9M	$5.5M	10x
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.791%	$27K	$773K	20x	as long as short
OKX PUMP-USDT-SWAP	+0.0099%	4h	0.004478	−0.050%	$23.6M	$98.3M	50x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004471	−0.196%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDTlong	+0.0100%	4h	0.004480	long leg	$738K	$2.3M	50x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PUMP	+0.0100%	1h	0.004479	−0.028%	$477K	$627K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004478	−0.050%	$80.7M	$163.3M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004474	−0.135%	$26K	$169K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004475	−0.117%	$41K	$57K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004478	−0.050%	$4.8M	$10.7M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004482	+0.039%	$23.7M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004479	−0.028%	$17.9M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004478	−0.050%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004480	−0.004%	$798K	$172K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004485	+0.105%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004482	+0.035%	$1.2M	$10.2M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004489	+0.195%	$141K	$759K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004475	−0.117%	$104K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004481	+0.013%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004480	−0.006%	$2K	$725K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004480	−0.006%	$281	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004470	−0.229%	$21K	$127K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004479	−0.028%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004479	−0.018%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004479	−0.017%	$3.7M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004475	−0.117%	$71K	$12K	3x	as long as short
01 Exchange PUMPUSD	+0.0216%	1h	0.004475	−0.117%	$6K	$830	10x	as long as short
Phoenix PUMP	+0.0237%	1h	0.004491	+0.242%	$38K	$99K	10x	as long as short
RISEx PUMP/USDC	+0.0297%	1h	0.004474	−0.140%	$499K	$990K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004481	+0.017%	$3.5M	$4.3M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004473	−0.166%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0352%	1h	0.004485	+0.106%	$708K	$5.7M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0354% / S −0.0292%	1h	0.004474	−0.140%	$74K	—	100x	as long as short
Injective PUMP/USDC PERP	+0.0480%	1h	0.004491	+0.240%	$39K	$204K	12x	as long as short
Hyperliquid PUMP	+0.0565%	1h	0.004487	+0.150%	$166.0M	$54.6M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0709%	1h	0.004472	−0.178%	$391	$108K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0917%	1h	0.004487	+0.141%	$1.3M	$3.1M	50x	as long as short