Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.016%

Price spread now: OKX against Lighter−0.111%7-day average −0.095% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$250.246% of the position

Long on Lighter Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.121%−$12 on $10k

Price spread, last 7 days+0.028%+$3 · spread now −0.111%, 7d avg −0.095%

Together, before fees−0.093%+ Points / potential airdropLighter: Season 3 · farm board−$9 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PUMP	0.004514	0.0096	pay 0.0012% / 1h	56m 06s	$2.9M	$4.6M	10x
Short	OKX PUMP-USDT-SWAP	0.004509	0.0100	get 0.0050% / 4h	1h 56m	$24.7M	$98.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.111%Rate

Funding earned: $0.84
Price spread: −0.111% → −0.095%: −$1.58
Slippage, 4 orders: −$14.57
Fee Lighter: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$25.3
Costs to cover: 0.246%
Break-even: 217.9 days

Slippage from Lighter: live order book, 7 min ago; OKX: live order book, 3 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, 7 min ago	2.19 bp	4.2 bp −$4	8.1 bp −$81	85.1 bp −$8,514	doesn't fit
Sell OKX live order book, 3 min ago	1.10 bp	8.2 bp −$8	17.7 bp −$177	121.7 bp −$12.2K	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	0.0000%	1h	0.004510	−0.085%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004515	+0.022%	$18K	$256K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004514	−0.007%	$55K	—	150x	as long as short
Lighter PUMPlong	+0.0096%	1h	0.004514	long leg	$2.9M	$4.6M	10x
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−0.310%	$30K	$625K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004510	−0.094%	$841K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004515	+0.022%	$538K	$886K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004511	−0.073%	$83.0M	$170.0M	75x	as long as short
OKX PUMP-USDT-SWAPshort	+0.0100%	4h	0.004509	−0.111%	$24.7M	$98.4M	50x
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004541	+0.607%	$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	0.004520	+0.133%	$65K	$95K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004506	−0.177%	$5.0M	$10.4M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004518	+0.089%	$24.3M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004512	−0.044%	$18.1M	$19.0M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004511	−0.066%	—	$14.1M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004512	−0.049%	$812K	$197K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004536	+0.497%	$67K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004556	+0.930%	$1.3M	$10.3M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004559	+0.997%	$154K	$749K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004518	+0.089%	$108K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004513	−0.022%	$43K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004511	−0.064%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004512	−0.044%	$2K	$759K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004512	−0.044%	$283	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004512	−0.044%	$21K	$85K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004508	−0.133%	$2.0M	$3.9M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004512	−0.037%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004514	0.000%	$67K	$10K	3x	as long as short
Paradex PUMP-USD-PERP	+0.0106%	8h	0.004520	+0.124%	$43K	$276	5x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0193%	1h	0.004514	0.000%	$70K	$115K	25x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0272% / S −0.0200%	1h	0.004513	−0.022%	$54K	—	100x	as long as short
Nado PUMP-PERP	+0.0297%	1h	0.004517	+0.078%	$1.6M	$2.1M	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004520	+0.133%	$3.8M	$4.6M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004517	+0.061%	$2	—	3x	as long as short
Phoenix PUMP	+0.0356%	1h	0.004554	+0.893%	$48K	$116K	10x	as long as short
01 Exchange PUMPUSD	+0.0392%	1h	0.004519	+0.111%	$6K	$600	10x	as long as short
Hyperliquid PUMP	+0.0442%	1h	0.004515	+0.022%	$168.7M	$51.1M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0528%	1h	0.004512	−0.044%	$723K	$5.7M	50x	as long as short
Kraken Futures PF_PUMPUSD	+0.0547%	1h	0.004514	+0.005%	$1.1M	$3.5M	50x	as long as short
Injective PUMP/USDC PERP	+0.0564%	1h	0.004529	+0.332%	$38K	$204K	12x	as long as short
RISEx PUMP/USDC	+0.0764%	1h	0.004520	+0.137%	$540K	$1.0M	10x	as long as short
Aftermath Perps PUMPUSD	+0.1170%	1h	0.004537	+0.511%	$701	$111K	10x	as long as short