PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0150%/8h= −16.4% APRnext payment −$0.19 per $10,000 · paid last 24h 0.000%

Price spread now: Hyperliquid against Coinbase International−0.273%7-day average +0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$490.489% of the position

Long on Coinbase International Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 4 days (all we have)+0.363%+$36 · spread now −0.273%, 7d avg +0.055%

Together, before fees+0.375%+ Points / potential airdropHyperliquid: Season 2 · farm board+$37 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Hyperliquid is 0.327% cheaper against Coinbase International than usual: you would sell low and buy high (−$33 if the spread goes back to its 7-day average of +0.055%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International PUMP-PERP-INTX	0.004403	0.0440	pay 0.0055% / 1h	57m 51s	$689K	$5.8M	50x
Short	Hyperliquid PUMP	0.004391	0.0290	get 0.0036% / 1h	57m 51s	$164.1M	$56.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Coinbase International. 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 Coinbase InternationalbpFee HyperliquidbpOrdersPrice spread, now −0.273%Rate

Funding earned: −$31.43
Price spread: −0.273% → +0.055%: −$32.74
Slippage, 4 orders: −$29.93
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$113.1
Costs to cover: 0.489%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 6 min ago; Hyperliquid: live order book, 6 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 Coinbase International live order book, 6 min ago	5.68 bp	16.7 bp −$17	25.6 bp −$256	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 6 min ago	1.13 bp	10.8 bp −$11	19.0 bp −$190	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
Backpack PUMP_USDC_PERP	−0.0747%	1h	0.004384	−0.436%	$778K	$193K	5x	as long as short
Perpl PUMP	−0.0112%	43m	0.004395	−0.182%	$18K	$232K	20x	as long as short
dYdX PUMP-USD	0.0000%	1h	0.004400	−0.065%	$20K	$9K	5x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004392	−0.250%	$70K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004392	−0.260%	$53K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004390	−0.295%	$2.8M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−2.339%	$28K	$823K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004396	−0.148%	$1.6M	$2.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004386	−0.386%	$690K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004401	−0.045%	$488K	$817K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PUMPUSDT	+0.0100%	4h	0.004385	−0.407%	$79.6M	$171.9M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004384	−0.432%	$23.9M	$97.2M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004398	−0.102%	$36K	$189K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004399	−0.091%	$60K	$86K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004382	−0.477%	$4.8M	$11.1M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004388	−0.341%	$23.4M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004386	−0.386%	$17.4M	$20.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004384	−0.432%	—	$12.9M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004398	−0.124%	$64K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004399	−0.088%	$1.2M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004401	−0.045%	$147K	$751K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004398	−0.114%	$101K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004391	−0.273%	$41K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004391	−0.262%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004394	−0.204%	$1K	$760K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004393	−0.227%	$276	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004394	−0.204%	$21K	$117K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004390	−0.295%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004401	−0.036%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004389	−0.318%	$70K	$11K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0191% / S −0.0050%	1h	0.004391	−0.273%	$59K	—	100x	as long as short
Extended PUMP-USD	+0.0216%	1h	0.004384	−0.420%	$3.8M	$4.3M	50x	as long as short
01 Exchange PUMPUSD	+0.0256%	1h	0.004399	−0.091%	$6K	$727	10x	as long as short
Hyperliquid PUMPshort	+0.0290%	1h	0.004391	−0.273%	$164.1M	$56.1M	10x
Phoenix PUMP	+0.0321%	1h	0.004406	+0.077%	$43K	$102K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004400	−0.068%	$3.7M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004394	−0.208%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTXlong	+0.0440%	1h	0.004403	long leg	$689K	$5.8M	50x
RISEx PUMP/USDC	+0.0570%	1h	0.004398	−0.102%	$523K	$1.0M	10x	as long as short
Injective PUMP/USDC PERP	+0.0706%	1h	0.004399	−0.091%	$38K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0806%	1h	0.004395	−0.179%	$1.1M	$3.4M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0881%	1h	0.004409	+0.134%	$582	$115K	10x	as long as short