Settings8H · net · $10k
Funding arb · Price arb /

PUMP

all PUMP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0299%/8h= +32.8% APRnext payment +$0.37 per $10,000 · paid last 24h +0.016%
Price spread now: Hyperliquid against ApeX Omni−0.068%7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$530.525% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.007%−$1 on $10k
Price spread, last 3 days (all we have)−0.189%−$19 · spread now −0.068%, 7d avg +0.007%
Together, before fees−0.197%+ Points / potential airdropHyperliquid: Season 2 · farm board−$20 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.075% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.068% now, against its 7-day average of +0.007%). If the spread goes back, that is −$7 on $10k: about 20 hours of funding at the current rate (+$9 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.007% in total (about -0.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.37 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni PUMPUSDT0.0044090.0100pay 0.0013% / 1h51m 19s$139K$758K50x
ShortHyperliquid PUMP0.0044060.0399get 0.0050% / 1h51m 19s$162.3M$53.9M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against ApeX Omni. 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

Funding earned
$62.87
Price spread: −0.068% → +0.007%
−$7.49
Slippage, 4 orders
−$33.53
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$2.85
Costs to cover
0.525%
Break-even
6.7 days
Slippage from ApeX Omni: live order book, 18 min ago; Hyperliquid: live order book, 13 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 18 min ago7.83 bp15.3 bp −$15101.6 bp −$1,016doesn't fitdoesn't fit
Sell Hyperliquid live order book, 13 min ago1.12 bp8.2 bp −$819.0 bp −$190doesn't fitdoesn't fit

PUMP on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX PUMP-USD0.0000%1h0.004400−0.204%$20K$9K5xas long as short
Perpl PUMP0.0000%43m0.004405−0.091%$20K$200K20xas long as short
Deribit PUMP_USDC-PERPETUAL0.0000%1h0.004402−0.159%$70K$124K25xas long as short
gTrade (Gains Network) PUMP/USDL +0.0002% / S −0.0002%1h0.004401−0.181%$53K150xas long as short
Orderly PERP_PUMP_USDC+0.0059%4h0.004403−0.136%$41K$10K10xas long as short
Gate PUMP_USDT+0.0080%4h0.004399−0.227%$4.8M$10.4M75xas long as short
Lighter PUMP+0.0096%1h0.004407−0.045%$2.8M$5.4M10xas long as short
Popdex PUMPUSDT+0.0096%1h0.004400−0.204%$27K$771K20xas long as short
Aster PUMPUSDT+0.0100%4h0.004401−0.181%$699K$2.3M50xas long as short
Pacifica PUMP+0.0100%1h0.004398−0.249%$475K$654K10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance PUMPUSDT+0.0100%4h0.004408−0.029%$79.1M$164.6M75xas long as short
OKX PUMP-USDT-SWAP+0.0100%4h0.004407−0.045%$23.5M$96.5M50xas long as short
Ondo Perps PUMP-USD.P+0.0100%1h0.004393−0.372%$26K$166K5xas long as short
Arcus PUMP-USD+0.0100%1h0.004401−0.181%$39K$60K10xas long as short
KuCoin PUMPUSDTM+0.0100%4h0.004406−0.068%$23.4M$13.9M50xas long as short
Bitget PUMPUSDT+0.0100%4h0.004404−0.113%$17.6M$19.2M75xas long as short
BingX PUMP-USDT+0.0100%4h0.004402−0.159%$12.8Mas long as short
Backpack PUMP_USDC_PERP+0.0100%1h0.004406−0.070%$784K$179K5xas long as short
edgeX PUMPUSDC+0.0100%4h0.004401−0.187%$64K$3.1M20xas long as short
GRVT PUMP_USDT_Perp+0.0100%4h0.004408−0.021%$1.2M$10.4M10xas long as short
ApeX Omni PUMPUSDTlong+0.0100%1h0.004409long leg$139K$758K50x
Polymarket Perps PUMP-USD+0.0100%1h0.004405−0.091%$102K$2.0M10xas long as short
Derive PUMP-PERP+0.0100%1h0.004403−0.139%$5K$13K6.7xas long as short
SunX PUMP-USDT+0.0100%4h0.004401−0.181%$2K$732K20xas long as short
SoDEX PUMP-USD+0.0100%1h0.004406−0.068%$276$7K10xas long as short
HTX PUMP-USDT+0.0100%4h0.004400−0.204%$21K$118K20xas long as short
Phemex PUMPUSDT+0.0100%4h0.004405−0.091%$2.0M$3.9M20xas long as short
Paradex PUMP-USD-PERP+0.0101%8h0.004398−0.259%$42K$2765xas long as short
Extended PUMP-USD+0.0104%1h0.004403−0.137%$3.7M$4.1M50xas long as short
Aevo PUMP-PERP+0.0104%1h0.004402−0.159%$70K$9K3xas long as short
Nado PUMP-PERP+0.0114%1h0.004401−0.170%$1.6M$2.0M10xas long as short
01 Exchange PUMPUSD+0.0208%1h0.004404−0.113%$6K$72710xas long as short
Phoenix PUMP+0.0235%1h0.004413+0.086%$39K$103K10xas long as short
RISEx PUMP/USDC+0.0322%1h0.004406−0.070%$481K$995K10xas long as short
BloFin PUMP-USDT+0.0340%4h0.004406−0.068%$3.6M$4.3M75xas long as short
Reya PUMPRUSDPERP+0.0344%1h0.004400−0.208%$23xas long as short
GMX PUMP/USD [WBTC.b-USDC]L +0.0358% / S −0.0298%1h0.004401−0.181%$73K100xas long as short
Hyperliquid PUMPshort+0.0399%1h0.004406−0.068%$162.3M$53.9M10x
Coinbase International PUMP-PERP-INTX+0.0408%1h0.004407−0.045%$702K$5.6M50xas long as short
Injective PUMP/USDC PERP+0.0571%1h0.004408−0.023%$39K$203K12xas long as short
Aftermath Perps PUMPUSD+0.0706%1h0.004411+0.035%$386$110K10xas long as short
Kraken Futures PF_PUMPUSD+0.1262%1h0.004410+0.032%$1.3M$3.1M50xas long as short