Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.030%

Price spread now: Hyperliquid against Aster+0.176%7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$430.432% of the position

Long on Aster Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 7 days−0.158%−$16 · spread now +0.176%, 7d avg +0.059%

Together, before fees−0.150%+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm board−$15 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: Hyperliquid is 0.117% dearer against Aster than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PUMPUSDT	0.004335	0.0100	pay 0.0050% / 4h	2h 19m	$786K	$2.0M	50x
Short	Hyperliquid PUMP	0.004343	0.0100	get 0.0013% / 1h	19m 47s	$159.3M	$52.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Aster. 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 AsterbpFee HyperliquidbpOrdersPrice spread, now +0.176%Rate

Funding earned: $0
Price spread: +0.176% → +0.059%: $11.66
Slippage, 4 orders: −$26.23
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$31.57
Costs to cover: 0.432%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; Hyperliquid: live order book, 4 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 Aster live order book, 4 min ago	3.45 bp	11.0 bp −$11	24.8 bp −$248	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 4 min ago	1.15 bp	8.1 bp −$8	17.3 bp −$173	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	−0.4705%	1h	0.004340	+0.101%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0237%	1h	0.004336	+0.012%	$773K	$183K	5x	as long as short
Deribit PUMP_USDC-PERPETUAL	−0.0211%	1h	0.004336	+0.014%	$69K	$126K	25x	as long as short
Perpl PUMP	−0.0112%	43m	0.004336	+0.014%	$20K	$206K	20x	as long as short
OKX PUMP-USDT-SWAP	−0.0070%	4h	0.004336	+0.014%	$22.7M	$96.2M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0022%	4h	0.004335	−0.009%	$41K	$10K	10x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004337	+0.038%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0076%	4h	0.004337	+0.037%	$4.6M	$11.7M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004336	+0.014%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.816%	$29K	$766K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004336	+0.011%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004336	+0.026%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMPshort	+0.0100%	1h	0.004343	+0.176%	$159.3M	$52.4M	10x
Aster PUMPUSDTlong	+0.0100%	4h	0.004335	long leg	$786K	$2.0M	50x
Pacifica PUMP	+0.0100%	1h	0.004338	+0.060%	$450K	$611K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004336	+0.015%	$77.0M	$164.2M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004345	+0.210%	$26K	$179K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004338	+0.060%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004339	+0.083%	$22.9M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004337	+0.037%	$17.1M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004339	+0.083%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004339	+0.075%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004352	+0.379%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004342	+0.153%	$137K	$769K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004340	+0.107%	$91K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004336	+0.009%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004339	+0.083%	$1K	$710K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004332	−0.078%	$714	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004337	+0.037%	$21K	$147K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004335	−0.009%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004337	+0.040%	$3.6M	$3.7M	50x	as long as short
01 Exchange PUMPUSD	+0.0104%	1h	0.004337	+0.037%	$6K	$497	10x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004332	−0.078%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004339	+0.089%	$493K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004348	+0.300%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004343	+0.176%	$659K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0307% / S −0.0224%	1h	0.004336	+0.014%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004338	+0.060%	$3.4M	$3.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004336	+0.021%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0348%	1h	0.004338	+0.054%	$180	$106K	10x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	−0.262%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0684%	1h	0.004339	+0.073%	$1.3M	$3.5M	50x	as long as short