Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.001%

Price spread now: HTX against Lighter−0.206%7-day average −0.095% · you buy dearer than you sell

Net, funding: paid 7d − costs−$168as in the Funding arb table

Net, price: spread back to 7d avg − costs−$173as in the Price arb table

costs, in and out, $10k−$1621.619% of the position

Long on Lighter Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.063%−$6 on $10k

Price spread, last 3 days (all we have)+0.078%+$8 · spread now −0.206%, 7d avg −0.095%

Together, before fees+0.014%+ Points / potential airdropLighter: Season 3 · farm board+$1 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: HTX is 0.111% cheaper against Lighter than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.095%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PUMP	0.004359	0.0096	pay 0.0012% / 1h	7m 15s	$2.9M	$5.5M	10x
Short	HTX PUMP-USDT	0.004350	0.0100	get 0.0050% / 4h	1h 07m	$22K	$138K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.206%Rate

Funding earned: $0.84
Price spread: −0.206% → −0.095%: −$11.11
Slippage, 4 orders: −$149.91
Fee Lighter: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$172.18
Costs to cover: 1.619%
Break-even: 1441.9 days

Slippage from Lighter: live order book, 6 min ago; HTX: live order book, 9 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, 6 min ago	1.15 bp	3.4 bp −$3	6.3 bp −$63	62.1 bp −$6,214	doesn't fit
Sell HTX live order book, 9 min ago	12.67 bp	79.2 bp −$79	doesn't fit	doesn't fit	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	−0.3733%	1h	0.004350	−0.198%	$20K	$9K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0049%	4h	0.004357	−0.046%	$22.8M	$95.8M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0004%	4h	0.004359	0.000%	$41K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004355	−0.092%	$20K	$201K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004361	+0.046%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004359	+0.003%	$55K	—	150x	as long as short
Lighter PUMPlong	+0.0096%	1h	0.004359	long leg	$2.9M	$5.5M	10x
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.354%	$29K	$764K	20x	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004345	−0.333%	$774K	$180K	5x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004350	−0.197%	$42K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado PUMP-PERP	+0.0100%	1h	0.004358	−0.011%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004367	+0.184%	$160.4M	$52.4M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004357	−0.037%	$788K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004351	−0.184%	$451K	$603K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004359	−0.011%	$77.6M	$163.4M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004339	−0.466%	$25K	$173K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004356	−0.069%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004359	0.000%	$4.7M	$11.7M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004362	+0.069%	$23.1M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004360	+0.023%	$17.3M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004359	0.000%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004339	−0.467%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004354	−0.121%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004348	−0.252%	$137K	$767K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004362	+0.069%	$90K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004359	+0.009%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004363	+0.092%	$2K	$713K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004358	−0.023%	$719	$6K	10x	as long as short
HTX PUMP-USDTshort	+0.0100%	4h	0.004350	−0.206%	$22K	$138K	20x
Phemex PUMPUSDT	+0.0100%	4h	0.004357	−0.046%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004358	−0.032%	$3.6M	$3.8M	50x	as long as short
01 Exchange PUMPUSD	+0.0104%	1h	0.004359	0.000%	$6K	$497	10x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004357	−0.046%	$72K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0147%	1h	0.004357	−0.044%	$492K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0185%	1h	0.004349	−0.229%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0280%	1h	0.004355	−0.092%	$675K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0314% / S −0.0231%	1h	0.004358	−0.023%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004357	−0.046%	$3.4M	$3.8M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004360	+0.021%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0413%	1h	0.004346	−0.288%	$181	$106K	10x	as long as short
Injective PUMP/USDC PERP	+0.0652%	1h	0.004352	−0.161%	$39K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0802%	1h	0.004363	+0.102%	$1.3M	$3.5M	50x	as long as short