PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0279%/8h= +30.6% APRnext payment +$0.35 per $10,000 · paid last 24h +0.021%

Price spread now: Hyperliquid against Derive+0.289%7-day average — · you sell dearer than you buy

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

Long on Derive Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Hyperliquid is 0.289% dearer against Derive than usual: you sell high and buy low: +$29 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive PUMP-PERP	0.004405	0.0100	pay 0.0013% / 1h	52m 39s	$5K	$13K	6.7x
Short	Hyperliquid PUMP	0.004418	0.0379	get 0.0047% / 1h	52m 39s	$162.7M	$53.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Derive. 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 DerivebpFee HyperliquidbpOrdersPrice spread, now +0.289%Rate

Funding earned: $58.59
Price spread: +0.289% → 0.000%: $28.88
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $72.48
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Derive: no order-book sample; Hyperliquid: live order book, 11 min ago. 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 Derive no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 11 min ago	1.12 bp	8.2 bp −$8	19.0 bp −$190	doesn't fit	doesn't fit

Derive: 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
ApeX Omni PUMPUSDT	−0.0223%	1h	0.004404	−0.029%	$139K	$759K	50x	as long as short
dYdX PUMP-USD	0.0000%	1h	0.004406	+0.023%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004404	−0.029%	$20K	$200K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004405	−0.009%	$53K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0059%	4h	0.004406	+0.016%	$41K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004410	+0.107%	$2.8M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.120%	$27K	$771K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004410	+0.117%	$700K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004412	+0.153%	$476K	$654K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004409	+0.093%	$79.1M	$164.5M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004413	+0.175%	$23.5M	$96.6M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004393	−0.288%	$26K	$166K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004409	+0.085%	$40K	$60K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004409	+0.085%	$4.8M	$10.4M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004410	+0.107%	$23.4M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004412	+0.153%	$17.6M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004411	+0.130%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004408	+0.069%	$785K	$179K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004405	−0.001%	$65K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004394	−0.267%	$1.2M	$10.4M	10x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004408	+0.062%	$102K	$2.0M	10x	as long as short
Derive PUMP-PERPlong	+0.0100%	1h	0.004405	long leg	$5K	$13K	6.7x
SunX PUMP-USDT	+0.0100%	4h	0.004404	−0.029%	$2K	$731K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004406	+0.016%	$276	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004394	−0.256%	$21K	$117K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004408	+0.062%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004412	+0.162%	$42K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004410	+0.116%	$3.7M	$4.1M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004403	−0.052%	$70K	$9K	3x	as long as short
Nado PUMP-PERP	+0.0161%	1h	0.004405	+0.005%	$1.6M	$2.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0200%	1h	0.004407	+0.039%	$6K	$727	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0204%	1h	0.004408	+0.062%	$70K	$124K	25x	as long as short
Phoenix PUMP	+0.0235%	1h	0.004402	−0.083%	$39K	$103K	10x	as long as short
RISEx PUMP/USDC	+0.0322%	1h	0.004413	+0.179%	$481K	$995K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004409	+0.085%	$3.6M	$4.3M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004407	+0.035%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0357% / S −0.0298%	1h	0.004404	−0.029%	$73K	—	100x	as long as short
Hyperliquid PUMPshort	+0.0379%	1h	0.004418	+0.289%	$162.7M	$53.9M	10x
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004410	+0.107%	$688K	$5.5M	50x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004408	+0.062%	$39K	$203K	12x	as long as short
Aftermath Perps PUMPUSD	+0.0719%	1h	0.004413	+0.173%	$386	$110K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1262%	1h	0.004411	+0.123%	$1.3M	$3.1M	50x	as long as short