Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h +0.011%

Price spread now: Hyperliquid against Gate+0.160%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$500.501% of the position

Long on Gate Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 7 days−0.097%−$10 · spread now +0.160%, 7d avg +0.058%

Together, before fees−0.031%+ Points / potential airdropHyperliquid: Season 2 · farm board−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hyperliquid is 0.102% dearer against Gate than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PUMP_USDT	0.004372	0.0100	pay 0.0050% / 4h	16m 40s	$4.7M	$11.5M	75x
Short	Hyperliquid PUMP	0.004379	0.0144	get 0.0018% / 1h	16m 40s	$161.1M	$53.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Gate. 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 GatebpFee HyperliquidbpOrdersPrice spread, now +0.160%Rate

Funding earned: $9.28
Price spread: +0.160% → +0.058%: $10.21
Slippage, 4 orders: −$26.05
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$30.56
Costs to cover: 0.501%
Break-even: 30.1 days

Slippage from Gate: live order book, 2 min ago; Hyperliquid: live order book, 7 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 Gate live order book, 2 min ago	2.29 bp	17.5 bp −$17	43.9 bp −$439	83.4 bp −$8,345	doesn't fit
Sell Hyperliquid live order book, 7 min ago	1.15 bp	8.1 bp −$8	21.3 bp −$213	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	−0.0058%	1h	0.004372	0.000%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004369	−0.069%	$18K	$205K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004372	0.000%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004370	−0.041%	$54K	—	150x	as long as short
OKX PUMP-USDT-SWAP	+0.0007%	4h	0.004372	0.000%	$22.9M	$97.1M	50x	as long as short
Orderly PERP_PUMP_USDC	+0.0018%	4h	0.004369	−0.069%	$41K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004373	+0.023%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.647%	$30K	$772K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004373	+0.012%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004365	−0.149%	$1.6M	$2.0M	10x	as long as short

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	+0.062%	$730K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004374	+0.046%	$457K	$601K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004372	+0.007%	$78.1M	$164.4M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004368	−0.101%	$26K	$165K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004372	0.000%	$42K	$53K	10x	as long as short
Gate PUMP_USDTlong	+0.0100%	4h	0.004372	long leg	$4.7M	$11.5M	75x
KuCoin PUMPUSDTM	+0.0100%	4h	0.004377	+0.114%	$23.2M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004373	+0.023%	$17.4M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004372	0.000%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004374	+0.048%	$779K	$182K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004367	−0.106%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004369	−0.063%	$1.2M	$9.9M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004367	−0.114%	$138K	$764K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004373	+0.023%	$95K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004370	−0.039%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004371	−0.023%	$2K	$720K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004374	+0.046%	$281	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004370	−0.046%	$21K	$137K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004377	+0.114%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004371	−0.030%	$3.6M	$3.6M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004372	0.000%	$72K	$18K	3x	as long as short
Hyperliquid PUMPshort	+0.0144%	1h	0.004379	+0.160%	$161.1M	$53.2M	10x
Phoenix PUMP	+0.0164%	1h	0.004374	+0.037%	$39K	$100K	10x	as long as short
Injective PUMP/USDC PERP	+0.0182%	1h	0.004376	+0.091%	$39K	$207K	12x	as long as short
RISEx PUMP/USDC	+0.0194%	1h	0.004373	+0.023%	$486K	$1.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0216%	1h	0.004374	+0.046%	$6K	$830	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0312%	1h	0.004379	+0.160%	$680K	$5.5M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0322% / S −0.0244%	1h	0.004367	−0.114%	$69K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004372	0.000%	$3.5M	$4.0M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004369	−0.072%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0443%	1h	0.004364	−0.178%	$181	$106K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0863%	1h	0.004380	+0.174%	$1.3M	$3.5M	50x	as long as short