PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0055%/8h= −6.0% APRnext payment −$0.07 per $10,000 · paid last 24h −0.009%

Price spread now: Lighter against Hyperliquid−0.205%7-day average +0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$260.262% of the position

Long on Hyperliquid Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.089%+$9 on $10k

Price spread, last 7 days+0.260%+$26 · spread now −0.205%, 7d avg +0.029%

Together, before fees+0.349%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board+$35 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Lighter is 0.234% cheaper against Hyperliquid than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of +0.029%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.089%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid PUMP	0.004389	0.0151	pay 0.0019% / 1h	3m 25s	$161.3M	$53.3M	10x
Short	Lighter PUMP	0.004380	0.0096	get 0.0012% / 1h	3m 25s	$2.9M	$5.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Hyperliquid. 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 HyperliquidbpFee LighterbpOrdersPrice spread, now −0.205%Rate

Funding earned: −$11.53
Price spread: −0.205% → +0.029%: −$23.39
Slippage, 4 orders: −$17.19
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$61.11
Costs to cover: 0.262%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 11 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 Hyperliquid live order book, 11 min ago	1.14 bp	9.6 bp −$10	21.9 bp −$219	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	1.14 bp	5.5 bp −$5	9.2 bp −$92	64.1 bp −$6,409	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	−0.0046%	1h	0.004379	−0.218%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004384	−0.114%	$18K	$207K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004382	−0.159%	$70K	$125K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004382	−0.166%	$55K	—	150x	as long as short
OKX PUMP-USDT-SWAP	+0.0027%	4h	0.004384	−0.114%	$23.0M	$97.4M	50x	as long as short
Orderly PERP_PUMP_USDC	+0.0030%	4h	0.004380	−0.205%	$41K	$10K	10x	as long as short
Lighter PUMPshort	+0.0096%	1h	0.004380	−0.205%	$2.9M	$5.5M	10x
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−2.028%	$31K	$774K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004380	−0.198%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004382	−0.148%	$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	0.004381	−0.188%	$730K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004381	−0.182%	$459K	$604K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004383	−0.137%	$78.3M	$164.6M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004375	−0.317%	$26K	$165K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004382	−0.159%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004380	−0.205%	$4.7M	$11.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004383	−0.137%	$23.3M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004383	−0.137%	$17.5M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004381	−0.182%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004380	−0.210%	$780K	$182K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004375	−0.318%	$65K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004377	−0.266%	$1.2M	$10.0M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004377	−0.273%	$138K	$761K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004387	−0.046%	$96K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004381	−0.173%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004380	−0.205%	$2K	$722K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004379	−0.228%	$278	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004377	−0.273%	$21K	$137K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004378	−0.251%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004381	−0.189%	$3.6M	$3.6M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004379	−0.228%	$72K	$18K	3x	as long as short
Hyperliquid PUMPlong	+0.0151%	1h	0.004389	long leg	$161.3M	$53.3M	10x
Phoenix PUMP	+0.0164%	1h	0.004381	−0.185%	$39K	$100K	10x	as long as short
Injective PUMP/USDC PERP	+0.0182%	1h	0.004382	−0.159%	$39K	$207K	12x	as long as short
RISEx PUMP/USDC	+0.0194%	1h	0.004383	−0.138%	$489K	$1.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0208%	1h	0.004384	−0.114%	$6K	$830	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0312%	1h	0.004385	−0.091%	$695K	$5.6M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0340% / S −0.0281%	1h	0.004380	−0.205%	$74K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004374	−0.342%	$3.5M	$4.1M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004382	−0.162%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0487%	1h	0.004378	−0.240%	$382	$106K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0862%	1h	0.004385	−0.097%	$1.3M	$3.5M	50x	as long as short