Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0006%/8h= +0.7% APRpaid last 24h +0.001%

Price spread now: Paradex against Lighter−0.020%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · Paradex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.020% cheaper against Lighter than usual: you would sell low and buy high, −$2 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PUMP	0.004539	0.0096	pay 0.0012% / 1h	55m 19s	$3.0M	$2.5M	10x
Short	Paradex PUMP-USD-PERP	0.004538	0.0102	get 0.0102% / 8h	5h 55m	$43K	$276	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.020%Rate

Funding earned: $1.29
Price spread: −0.020% → 0.000%: −$2.03
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$4.73
Costs to cover: 0.040%
Break-even: 32.6 days

Slippage unknown: Lighter: live order book, 5 min ago; Paradex: no order-book sample. Net counts fees only.

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, 5 min ago	2.19 bp	3.7 bp −$4	8.5 bp −$85	80.4 bp −$8,044	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PUMP on 41 exchanges

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	−0.0172%	1h	0.004534	−0.111%	$21K	$12K	5x	as long as short
Gate PUMP_USDT	−0.0086%	4h	0.004533	−0.132%	$4.8M	$9.6M	75x	as long as short
Perpl PUMP	0.0000%	43m	0.004535	−0.088%	$18K	$269K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004546	+0.154%	$69K	$102K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004559	+0.450%	$55K	—	150x	as long as short
Lighter PUMPlong	+0.0096%	1h	0.004539	long leg	$3.0M	$2.5M	10x
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−0.859%	$33K	$589K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004534	−0.110%	$849K	$2.1M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004537	−0.044%	$517K	$837K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004535	−0.082%	$82.8M	$171.3M	75x	as long as short

Show all 41 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004534	−0.110%	$24.7M	$101.6M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004555	+0.350%	$17K	$152K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004538	−0.022%	$50K	$152K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004539	0.000%	$25.1M	$13.5M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004536	−0.066%	$17.9M	$18.7M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004535	−0.088%	—	$14.5M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004539	0.000%	$820K	$216K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004561	+0.482%	$68K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004559	+0.441%	$1.3M	$10.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004552	+0.286%	$162K	$744K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004538	−0.022%	$107K	$1.7M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004534	−0.110%	$42K	$2K	10x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004552	+0.286%	$2K	$767K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004541	+0.044%	$550	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004543	+0.088%	$23K	$127K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004544	+0.110%	$1.9M	$3.8M	20x	as long as short
Paradex PUMP-USD-PERPshort	+0.0102%	8h	0.004538	−0.020%	$43K	$276	5x
Extended PUMP-USD	+0.0104%	1h	0.004536	−0.066%	$3.9M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004545	+0.132%	$67K	$10K	3x	as long as short
Hyperliquid PUMP	+0.0209%	1h	0.004542	+0.066%	$169.1M	$47.6M	10x	as long as short
Injective PUMP/USDC PERP	+0.0251%	1h	0.004542	+0.066%	$36K	$205K	12x	as long as short
Nado PUMP-PERP	+0.0252%	1h	0.004536	−0.055%	$1.7M	$2.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0296%	1h	0.004538	−0.022%	$6K	$465	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0305% / S −0.0278%	1h	0.004539	0.000%	$66K	—	100x	as long as short
Phoenix PUMP	+0.0331%	1h	0.004561	+0.476%	$44K	$144K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004564	+0.551%	$3.8M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004534	−0.101%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0544%	1h	0.004560	+0.463%	$705K	$6.0M	50x	as long as short
RISEx PUMP/USDC	+0.0558%	1h	0.004551	+0.265%	$580K	$940K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0623%	1h	0.004545	+0.137%	$1.1M	$2.9M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1020%	1h	0.004551	+0.271%	$703	$98K	10x	as long as short