PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0256%/8h= −28.0% APRnext payment −$0.32 per $10,000 · paid last 24h −0.015%

Price spread now: Lighter against Coinbase International−0.245%7-day average +0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$370.374% of the position

Long on Coinbase International Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.092%+$9 on $10k

Price spread, last 3 days (all we have)+0.280%+$28 · spread now −0.245%, 7d avg +0.035%

Together, before fees+0.373%+ Points / potential airdropLighter: Season 3 · farm board+$37 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Lighter is 0.280% cheaper against Coinbase International than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of +0.035%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.092%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.092% in total (about 4.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.32 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International PUMP-PERP-INTX	0.004495	0.0352	pay 0.0044% / 1h	5m 37s	$700K	$5.7M	50x
Short	Lighter PUMP	0.004484	0.0096	get 0.0012% / 1h	5m 37s	$2.9M	$5.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Coinbase International. 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 Coinbase InternationalbpFee LighterbpOrdersPrice spread, now −0.245%Rate

Funding earned: −$53.76
Price spread: −0.245% → +0.035%: −$27.97
Slippage, 4 orders: −$27.4
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$119.13
Costs to cover: 0.374%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 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 Coinbase International live order book, 3 min ago	7.82 bp	16.8 bp −$17	24.2 bp −$242	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	2.23 bp	3.4 bp −$3	7.2 bp −$72	61.8 bp −$6,183	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	−0.1908%	1h	0.004482	−0.286%	$21K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004483	−0.267%	$18K	$201K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004487	−0.178%	$71K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004487	−0.189%	$55K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0053%	4h	0.004486	−0.200%	$42K	$10K	10x	as long as short
Lighter PUMPshort	+0.0096%	1h	0.004484	−0.245%	$2.9M	$5.5M	10x
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−2.113%	$27K	$771K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004482	−0.278%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004487	−0.178%	$718K	$2.2M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004485	−0.222%	$479K	$639K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PUMPUSDT	+0.0100%	4h	0.004483	−0.258%	$80.9M	$162.8M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004482	−0.289%	$23.6M	$98.0M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004479	−0.347%	$26K	$169K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004482	−0.289%	$41K	$57K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004479	−0.356%	$4.8M	$10.7M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004488	−0.156%	$23.8M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004479	−0.356%	$17.9M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004479	−0.356%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004492	−0.069%	$800K	$172K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004481	−0.310%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004476	−0.423%	$1.3M	$10.2M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004477	−0.400%	$141K	$760K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004492	−0.067%	$108K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004486	−0.203%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004489	−0.133%	$2K	$724K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004492	−0.067%	$282	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004480	−0.334%	$21K	$119K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004489	−0.133%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004484	−0.250%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004479	−0.348%	$3.8M	$3.9M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004485	−0.222%	$72K	$11K	3x	as long as short
01 Exchange PUMPUSD	+0.0216%	1h	0.004482	−0.289%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0237%	1h	0.004498	+0.069%	$39K	$99K	10x	as long as short
RISEx PUMP/USDC	+0.0297%	1h	0.004484	−0.234%	$489K	$995K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004486	−0.200%	$3.6M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004488	−0.163%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTXlong	+0.0352%	1h	0.004495	long leg	$700K	$5.7M	50x
GMX PUMP/USD [WBTC.b-USDC]	L +0.0356% / S −0.0294%	1h	0.004487	−0.178%	$74K	—	100x	as long as short
Injective PUMP/USDC PERP	+0.0480%	1h	0.004481	−0.311%	$39K	$204K	12x	as long as short
Hyperliquid PUMP	+0.0582%	1h	0.004492	−0.067%	$166.4M	$53.7M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0706%	1h	0.004481	−0.311%	$392	$109K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0915%	1h	0.004498	+0.057%	$1.3M	$3.0M	50x	as long as short