PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0107%/8h= −11.7% APRnext payment −$0.13 per $10,000 · paid last 24h +0.037%

Price spread now: Hyperliquid against Deribit+0.114%50s7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$460.457% of the position

Long on Deribit Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.259%+$26 on $10k

Price spread, last 3 days (all we have)−0.130%−$13 · spread now +0.114%, 7d avg +0.054%

Together, before fees+0.129%+ Points / potential airdropHyperliquid: Season 2 · farm board+$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Hyperliquid is 0.061% dearer against Deribit than usual: you sell high and buy low (spread +0.114% now, against its 7-day average of +0.054%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 45 hours. Mind the row above: over the last 7 days funding on this pair paid +0.259%, so the current rate has only just turned against you. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit PUMP_USDC-PERPETUAL	0.004376	0.0207	pay 0.0026% / 1h	2m 24s	$69K	$126K	25x
Short	Hyperliquid PUMP	0.004381	0.0100	get 0.0013% / 1h	2m 24s	$161.0M	$52.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Deribit. 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 DeribitbpFee HyperliquidbpOrdersPrice spread, now +0.114%Rate

Funding earned: −$22.47
Price spread: +0.114% → +0.054%: $6.07
Slippage, 4 orders: −$29.67
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$62.07
Costs to cover: 0.457%
Break-even: never at this rate

Slippage from Deribit: live order book, 16 min ago; Hyperliquid: live order book, 12 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 Deribit live order book, 16 min ago	8.06 bp	11.6 bp −$12	22.4 bp −$224	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 12 min ago	2.30 bp	11.4 bp −$11	22.6 bp −$226	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	−0.3405%	1h	0.004379	+0.077%	$20K	$9K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0037%	4h	0.004373	−0.069%	$22.9M	$96.3M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0001%	4h	0.004374	−0.046%	$41K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004373	−0.069%	$20K	$202K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004374	−0.055%	$55K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004379	+0.069%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.737%	$29K	$764K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004378	+0.051%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004377	+0.011%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMPshort	+0.0100%	1h	0.004381	+0.114%	$161.0M	$52.5M	10x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PUMPUSDT	+0.0100%	4h	0.004375	−0.013%	$779K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004380	+0.091%	$454K	$603K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004374	−0.041%	$77.9M	$163.8M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004357	−0.425%	$26K	$174K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004378	+0.046%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004374	−0.046%	$4.7M	$11.8M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004378	+0.046%	$23.2M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004374	−0.046%	$17.4M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004373	−0.069%	—	$12.7M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004373	−0.059%	$779K	$183K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004360	−0.369%	$65K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004362	−0.330%	$1.2M	$9.8M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004357	−0.434%	$137K	$766K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004378	+0.046%	$83K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004374	−0.040%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004376	0.000%	$2K	$714K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004374	−0.046%	$721	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004372	−0.091%	$22K	$138K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004372	−0.091%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004376	−0.008%	$3.6M	$3.8M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004374	−0.046%	$72K	$18K	3x	as long as short
01 Exchange PUMPUSD	+0.0120%	1h	0.004380	+0.091%	$6K	$497	10x	as long as short
RISEx PUMP/USDC	+0.0147%	1h	0.004378	+0.046%	$488K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0185%	1h	0.004365	−0.258%	$39K	$99K	10x	as long as short
Deribit PUMP_USDC-PERPETUALlong	+0.0207%	1h	0.004376	long leg	$69K	$126K	25x
Coinbase International PUMP-PERP-INTX	+0.0280%	1h	0.004378	+0.046%	$679K	$5.5M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0314% / S −0.0229%	1h	0.004373	−0.069%	$68K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004372	−0.091%	$3.5M	$3.8M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004374	−0.048%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0418%	1h	0.004363	−0.296%	$181	$106K	10x	as long as short
Injective PUMP/USDC PERP	+0.0652%	1h	0.004380	+0.091%	$39K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0799%	1h	0.004379	+0.078%	$1.3M	$3.5M	50x	as long as short