Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0244%/8h= −26.7% APRpaid last 24h −0.072%

Price spread now: Lighter against BloFin+0.226%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

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

costs, in and out, $10k−$260.255% of the position

Long on BloFin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.348%−$35 on $10k

Price spread, last 3 days (all we have)−0.232%−$23 · spread now +0.226%, 7d avg +0.045%

Together, before fees−0.580%+ Points / potential airdropLighter: Season 3 · farm board−$58 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.181% dearer against BloFin than usual: you sell high and buy low (spread +0.226% now, against its 7-day average of +0.045%): +$18 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PUMP-USDT	0.004432	0.0340	pay 0.0170% / 4h	3h 34m	$3.5M	$4.4M	75x
Short	Lighter PUMP	0.004442	0.0096	get 0.0012% / 1h	34m 27s	$2.9M	$5.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BloFin. 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 BloFinbpFee LighterbpOrdersPrice spread, now +0.226%Rate

Funding earned: −$51.24
Price spread: +0.226% → +0.045%: $18.05
Slippage, 4 orders: −$13.5
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$58.69
Costs to cover: 0.255%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; Lighter: live order book, 4 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 BloFin live order book, 4 min ago	3.40 bp	9.4 bp −$9	10.6 bp −$106	35.7 bp −$3,567	132.9 bp −$66.4K
Sell Lighter live order book, 4 min ago	2.26 bp	2.3 bp −$2	6.6 bp −$66	80.4 bp −$8,042	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	−0.0013%	1h	0.004441	+0.203%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004446	+0.316%	$18K	$210K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004434	+0.045%	$70K	$125K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004441	+0.194%	$55K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0046%	4h	0.004436	+0.090%	$42K	$10K	10x	as long as short
OKX PUMP-USDT-SWAP	+0.0057%	4h	0.004438	+0.135%	$23.3M	$99.2M	50x	as long as short
Lighter PUMPshort	+0.0096%	1h	0.004442	+0.226%	$2.9M	$5.4M	10x
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.722%	$30K	$787K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004444	+0.269%	$43K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004441	+0.214%	$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	0.004438	+0.130%	$726K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004441	+0.203%	$464K	$602K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004444	+0.282%	$79.7M	$165.4M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004454	+0.499%	$26K	$168K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004444	+0.271%	$43K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004440	+0.181%	$4.8M	$10.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004445	+0.293%	$23.5M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004438	+0.135%	$17.8M	$19.4M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004442	+0.226%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004433	+0.025%	$789K	$176K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004399	−0.737%	$65K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004401	−0.711%	$1.2M	$10.2M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004424	−0.181%	$139K	$759K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004450	+0.406%	$100K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004435	+0.076%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004437	+0.113%	$1K	$727K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004435	+0.068%	$278	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004435	+0.068%	$22K	$134K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004436	+0.090%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004443	+0.239%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004432	0.000%	$71K	$12K	3x	as long as short
01 Exchange PUMPUSD	+0.0224%	1h	0.004449	+0.384%	$6K	$830	10x	as long as short
Phoenix PUMP	+0.0237%	1h	0.004421	−0.239%	$40K	$99K	10x	as long as short
RISEx PUMP/USDC	+0.0297%	1h	0.004446	+0.316%	$484K	$1.0M	10x	as long as short
BloFin PUMP-USDTlong	+0.0340%	4h	0.004432	long leg	$3.5M	$4.4M	75x
Reya PUMPRUSDPERP	+0.0344%	1h	0.004438	+0.132%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0350% / S −0.0291%	1h	0.004433	+0.023%	$75K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0352%	1h	0.004438	+0.135%	$692K	$5.7M	50x	as long as short
Hyperliquid PUMP	+0.0358%	1h	0.004446	+0.316%	$163.6M	$53.9M	10x	as long as short
Injective PUMP/USDC PERP	+0.0480%	1h	0.004471	+0.880%	$39K	$203K	12x	as long as short
Aftermath Perps PUMPUSD	+0.0627%	1h	0.004418	−0.307%	$386	$108K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0927%	1h	0.004440	+0.177%	$1.3M	$3.5M	50x	as long as short