Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h 0.000%

Price spread now: Binance against Lighter−0.044%7-day average −0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$280.279% of the position

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.112%−$11 on $10k

Price spread, last 7 days−0.053%−$5 · spread now −0.044%, 7d avg −0.083%

Together, before fees−0.164%+ Points / potential airdropLighter: Season 3 · farm board−$16 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: Binance is 0.039% dearer against Lighter than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PUMP	0.004522	0.0096	pay 0.0012% / 1h	14m 45s	$2.9M	$4.7M	10x
Short	Binance PUMPUSDT	0.004520	0.0100	get 0.0050% / 4h	2h 14m	$82.9M	$167.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Lighter. 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 LighterbpFee BinancebpOrdersPrice spread, now −0.044%Rate

Funding earned: $0.84
Price spread: −0.044% → −0.083%: $3.92
Slippage, 4 orders: −$17.89
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$23.13
Costs to cover: 0.279%
Break-even: 199.7 days

Slippage from Lighter: live order book, 3 min ago; Binance: live order book, 14 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 Lighter live order book, 3 min ago	2.22 bp	4.4 bp −$4	7.6 bp −$76	64.4 bp −$6,445	doesn't fit
Sell Binance live order book, 14 min ago	1.13 bp	8.9 bp −$9	19.4 bp −$194	56.4 bp −$5,643	270.7 bp −$135.3K

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	−0.0009%	1h	0.004523	+0.022%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004502	−0.442%	$18K	$250K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004505	−0.377%	$55K	—	150x	as long as short
Lighter PUMPlong	+0.0096%	1h	0.004522	long leg	$2.9M	$4.7M	10x
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−2.698%	$33K	$640K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004518	−0.079%	$721K	$2.2M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004520	−0.044%	$535K	$880K	10x	as long as short
Binance PUMPUSDTshort	+0.0100%	4h	0.004520	−0.044%	$82.9M	$167.8M	75x
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004519	−0.066%	$24.7M	$96.8M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004502	−0.451%	$27K	$168K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus PUMP-USD	+0.0100%	1h	0.004523	+0.022%	$65K	$103K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004522	0.000%	$5.0M	$10.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004525	+0.066%	$24.3M	$13.6M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004520	−0.044%	$17.9M	$18.6M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004520	−0.044%	—	$14.0M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004521	−0.029%	$813K	$201K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004501	−0.466%	$67K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004498	−0.531%	$1.3M	$10.2M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004504	−0.398%	$152K	$746K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004497	−0.553%	$112K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004509	−0.287%	$43K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004507	−0.341%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004501	−0.464%	$2K	$749K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004507	−0.332%	$283	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004510	−0.265%	$21K	$94K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004510	−0.265%	$2.0M	$3.9M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004524	+0.033%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004504	−0.398%	$67K	$10K	3x	as long as short
Paradex PUMP-USD-PERP	+0.0107%	8h	0.004522	−0.009%	$43K	$276	5x	as long as short
Nado PUMP-PERP	+0.0118%	1h	0.004504	−0.398%	$1.6M	$2.1M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0272% / S −0.0200%	1h	0.004505	−0.376%	$54K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0328%	1h	0.004495	−0.597%	$6K	$600	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004524	+0.044%	$3.7M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004503	−0.425%	$2	—	3x	as long as short
Phoenix PUMP	+0.0356%	1h	0.004504	−0.398%	$46K	$119K	10x	as long as short
Hyperliquid PUMP	+0.0434%	1h	0.004527	+0.111%	$168.6M	$50.2M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0480%	1h	0.004510	−0.265%	$723K	$5.6M	50x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004504	−0.398%	$38K	$204K	12x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0638%	1h	0.004509	−0.287%	$70K	$115K	25x	as long as short
RISEx PUMP/USDC	+0.0682%	1h	0.004495	−0.608%	$534K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0812%	1h	0.004509	−0.294%	$1.1M	$3.4M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1092%	1h	0.004488	−0.751%	$722	$111K	10x	as long as short