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 +0.032%

Price spread now: Lighter against Backpack+0.084%7-day average +0.091% · you sell dearer than you buy

Net, funding: paid 7d − costs+$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$300.301% of the position

Long on Backpack Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.316%+$32 on $10k

Price spread, last 4 days (all we have)+0.004%$0 · spread now +0.084%, 7d avg +0.091%

Together, before fees+0.320%+ Points / potential airdropLighter: Season 3 · farm board+$32 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack PUMP_USDC_PERP	0.004501	0.0100	pay 0.0013% / 1h	27m 58s	$797K	$185K	5x
Short	Lighter PUMP	0.004505	0.0096	get 0.0012% / 1h	27m 58s	$2.9M	$5.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Backpack. 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 BackpackbpFee LighterbpOrdersPrice spread, now +0.084%Rate

Funding earned: −$0.84
Price spread: +0.084% → +0.091%: −$0.66
Slippage, 4 orders: −$20.13
Fee Backpack: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$31.62
Costs to cover: 0.301%
Break-even: never at this rate

Slippage from Backpack: live order book, 41 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 Backpack live order book, 41 min ago	1.79 bp	8.1 bp −$8	14.5 bp −$145	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	2.23 bp	4.3 bp −$4	9.2 bp −$92	87.2 bp −$8,721	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	−0.1887%	1h	0.004486	−0.332%	$21K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004493	−0.182%	$18K	$207K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004496	−0.114%	$54K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0070%	4h	0.004497	−0.093%	$42K	$10K	10x	as long as short
Lighter PUMPshort	+0.0096%	1h	0.004505	+0.084%	$2.9M	$5.5M	10x
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−2.248%	$29K	$770K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004492	−0.193%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004500	−0.017%	$729K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004487	−0.315%	$492K	$662K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004501	−0.007%	$81.1M	$165.9M	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	0.004500	−0.027%	$24.3M	$98.7M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004480	−0.462%	$21K	$170K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004493	−0.182%	$40K	$63K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004502	+0.018%	$4.8M	$10.9M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004504	+0.062%	$24.0M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004500	−0.027%	$17.8M	$19.6M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004501	−0.004%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERPlong	+0.0100%	1h	0.004501	long leg	$797K	$185K	5x
edgeX PUMPUSDC	+0.0100%	4h	0.004488	−0.298%	$67K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004466	−0.782%	$1.3M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004485	−0.360%	$139K	$754K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004498	−0.071%	$104K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004496	−0.105%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004494	−0.160%	$2K	$737K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004499	−0.049%	$282	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004501	−0.004%	$21K	$118K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004505	+0.084%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004494	−0.164%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004499	−0.041%	$3.8M	$4.1M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004495	−0.138%	$72K	$8K	3x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0195%	1h	0.004499	−0.049%	$71K	$124K	25x	as long as short
Phoenix PUMP	+0.0235%	1h	0.004489	−0.280%	$42K	$103K	10x	as long as short
01 Exchange PUMPUSD	+0.0248%	1h	0.004497	−0.093%	$6K	$727	10x	as long as short
RISEx PUMP/USDC	+0.0322%	1h	0.004496	−0.127%	$531K	$1.0M	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004494	−0.165%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0360% / S −0.0290%	1h	0.004493	−0.182%	$73K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004509	+0.173%	$719K	$5.8M	50x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004492	−0.204%	$39K	$203K	12x	as long as short
Hyperliquid PUMP	+0.0616%	1h	0.004508	+0.151%	$168.3M	$54.7M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0746%	1h	0.004472	−0.640%	$592	$111K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1235%	1h	0.004508	+0.144%	$1.3M	$3.1M	50x	as long as short