Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:20 UTC−0.0208%/8h= −22.7% APRpaid last 24h −0.046%

Price spread now: Perpl against Lighter−0.253%7-day average −0.040% · you buy dearer than you sell

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

Long on Lighter Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 7 days−0.277%−$28 on $10k

Price spread, last 3 days (all we have)+1.003%+$100 · spread now −0.253%, 7d avg −0.040%

Together, before fees+0.726%+ Points / potential airdropLighter: Season 3 · Perpl: Active · farm board+$73 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Perpl is 0.213% cheaper against Lighter than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of −0.040%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PUMP	0.004345	0.0096	pay 0.0012% / 1h	22m 45s	$2.9M	$5.5M	10x
Short	Perpl PUMP	0.004334	−0.0112	pay 0.0010% / 43m	9m 45s	$20K	$205K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl 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 PerplbpOrdersPrice spread, now −0.253%Rate

Funding earned: −$43.6
Price spread: −0.253% → −0.040%: −$21.32
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$78.73
Costs to cover: 0.138%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 5 min ago; Perpl: 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	1.15 bp	9.2 bp −$9	24.3 bp −$243	doesn't fit	doesn't fit
Sell Perpl no order-book sample	—	—	—	—	—

Perpl: 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 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	−0.4219%	1h	0.004350	+0.110%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0262%	1h	0.004353	+0.193%	$776K	$183K	5x	as long as short
Perpl PUMPshort	−0.0112%	43m	0.004334	−0.253%	$20K	$205K	20x
OKX PUMP-USDT-SWAP	−0.0064%	4h	0.004343	−0.046%	$22.7M	$96.3M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0019%	4h	0.004354	+0.207%	$41K	$10K	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004355	+0.230%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004347	+0.047%	$55K	—	150x	as long as short
Lighter PUMPlong	+0.0096%	1h	0.004345	long leg	$2.9M	$5.5M	10x
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.036%	$29K	$766K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004344	−0.014%	$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	0.004336	−0.196%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004351	+0.138%	$159.6M	$52.4M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004350	+0.107%	$788K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004346	+0.023%	$450K	$611K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004346	+0.017%	$77.1M	$164.2M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004333	−0.281%	$25K	$179K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004330	−0.345%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004349	+0.092%	$4.6M	$11.7M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004352	+0.161%	$23.0M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004345	0.000%	$17.2M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004349	+0.092%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004332	−0.309%	$63K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004335	−0.230%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004337	−0.184%	$137K	$769K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004337	−0.184%	$97K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004354	+0.206%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004356	+0.253%	$2K	$709K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004353	+0.184%	$718	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004349	+0.092%	$22K	$148K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004355	+0.230%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004348	+0.068%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004353	+0.184%	$72K	$18K	3x	as long as short
01 Exchange PUMPUSD	+0.0112%	1h	0.004331	−0.322%	$6K	$497	10x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004332	−0.299%	$492K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004341	−0.083%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004357	+0.276%	$662K	$5.5M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0306% / S −0.0224%	1h	0.004347	+0.046%	$67K	—	100x	as long as short
Aftermath Perps PUMPUSD	+0.0327%	1h	0.004333	−0.270%	$180	$106K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004353	+0.184%	$3.5M	$3.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004336	−0.200%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	−0.483%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0681%	1h	0.004361	+0.367%	$1.3M	$3.5M	50x	as long as short