Settings8H · net · $10k
Funding arb · Price arb /

PUMP

all PUMP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0296%/8h= +32.4% APRpaid last 24h +0.024%
Price spread now: Hyperliquid against HTX+0.342%48s7-day average +0.118% · you sell dearer than you buy
Net, funding: paid 7d − costs−$157as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1561.560% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.012%−$1 on $10k
Price spread, last 4 days (all we have)−0.297%−$30 · spread now +0.342%, 7d avg +0.118%
Together, before fees−0.308%+ Points / potential airdropHyperliquid: Season 2 · farm board−$31 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Hyperliquid is 0.224% dearer against HTX than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.118%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.012% in total (about -0.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX PUMP-USDT0.0043860.0100pay 0.0050% / 4h58m 27s$21K$117K20x
ShortHyperliquid PUMP0.0044010.0396get 0.0049% / 1h58m 27s$164.4M$56.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against HTX. 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

Funding earned
$62.15
Price spread: +0.342% → +0.118%
$22.42
Slippage, 4 orders
−$134.97
Fee HTX: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$71.41
Costs to cover
1.560%
Break-even
15.0 days
Slippage from HTX: live order book, 63 min ago; Hyperliquid: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 63 min ago22.29 bp72.0 bp −$72doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 5 min ago1.13 bp10.8 bp −$1119.0 bp −$190doesn't fitdoesn't fit

PUMP on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack PUMP_USDC_PERP−0.0683%1h0.004398+0.271%$780K$194K5xas long as short
Perpl PUMP−0.0112%43m0.004395+0.205%$18K$232K20xas long as short
dYdX PUMP-USD0.0000%1h0.004400+0.322%$20K$9K5xas long as short
Deribit PUMP_USDC-PERPETUAL0.0000%1h0.004401+0.342%$70K$124K25xas long as short
gTrade (Gains Network) PUMP/USDL +0.0002% / S −0.0002%1h0.004392+0.127%$53K150xas long as short
Lighter PUMP+0.0096%1h0.004401+0.342%$2.8M$5.4M10xas long as short
Popdex PUMPUSDT+0.0096%1h0.004300−1.961%$28K$823K20xas long as short
Nado PUMP-PERP+0.0100%1h0.004396+0.239%$1.6M$2.1M10xas long as short
Aster PUMPUSDT+0.0100%4h0.004398+0.283%$692K$2.4M50xas long as short
Pacifica PUMP+0.0100%1h0.004401+0.342%$488K$817K10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance PUMPUSDT+0.0100%4h0.004396+0.226%$79.8M$171.9M75xas long as short
OKX PUMP-USDT-SWAP+0.0100%4h0.004395+0.205%$23.9M$97.3M50xas long as short
Ondo Perps PUMP-USD.P+0.0100%1h0.004398+0.285%$36K$189K5xas long as short
Arcus PUMP-USD+0.0100%1h0.004399+0.296%$60K$86K10xas long as short
Gate PUMP_USDT+0.0100%4h0.004398+0.274%$4.8M$11.1M75xas long as short
KuCoin PUMPUSDTM+0.0100%4h0.004395+0.205%$23.4M$13.9M50xas long as short
Bitget PUMPUSDT+0.0100%4h0.004393+0.160%$17.5M$20.1M75xas long as short
BingX PUMP-USDT+0.0100%4h0.004392+0.137%$12.9Mas long as short
edgeX PUMPUSDC+0.0100%4h0.004398+0.263%$64K$3.1M20xas long as short
GRVT PUMP_USDT_Perp+0.0100%4h0.004399+0.300%$1.2M$10.6M10xas long as short
ApeX Omni PUMPUSDT+0.0100%1h0.004401+0.342%$147K$751K50xas long as short
Polymarket Perps PUMP-USD+0.0100%1h0.004398+0.274%$101K$2.1M10xas long as short
Orderly PERP_PUMP_USDC+0.0100%4h0.004400+0.319%$41K$11K10xas long as short
Derive PUMP-PERP+0.0100%1h0.004399+0.306%$5K$13K6.7xas long as short
SunX PUMP-USDT+0.0100%4h0.004396+0.228%$2K$760K20xas long as short
SoDEX PUMP-USD+0.0100%1h0.004400+0.319%$276$7K10xas long as short
HTX PUMP-USDTlong+0.0100%4h0.004386long leg$21K$117K20x
Phemex PUMPUSDT+0.0100%4h0.004403+0.388%$2.0M$4.0M20xas long as short
Paradex PUMP-USD-PERP+0.0101%8h0.004401+0.352%$42K$2765xas long as short
Aevo PUMP-PERP+0.0104%1h0.004397+0.251%$70K$11K3xas long as short
GMX PUMP/USD [WBTC.b-USDC]L +0.0191% / S −0.0050%1h0.004391+0.114%$59K100xas long as short
Extended PUMP-USD+0.0216%1h0.004396+0.239%$3.8M$4.3M50xas long as short
01 Exchange PUMPUSD+0.0256%1h0.004399+0.296%$6K$72710xas long as short
Phoenix PUMP+0.0321%1h0.004406+0.465%$43K$102K10xas long as short
BloFin PUMP-USDT+0.0340%4h0.004400+0.319%$3.7M$4.4M75xas long as short
Reya PUMPRUSDPERP+0.0344%1h0.004394+0.179%$23xas long as short
Hyperliquid PUMPshort+0.0396%1h0.004401+0.342%$164.4M$56.1M10x
Coinbase International PUMP-PERP-INTX+0.0440%1h0.004405+0.433%$690K$5.9M50xas long as short
RISEx PUMP/USDC+0.0570%1h0.004398+0.285%$523K$1.0M10xas long as short
Injective PUMP/USDC PERP+0.0706%1h0.004399+0.296%$38K$204K12xas long as short
Kraken Futures PF_PUMPUSD+0.0805%1h0.004403+0.390%$1.1M$3.4M50xas long as short
Aftermath Perps PUMPUSD+0.0881%1h0.004409+0.522%$582$115K10xas long as short