Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.009%

Price spread now: ApeX Omni against Hyperliquid−0.548%84s7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as 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−$480.477% of the position

Long on Hyperliquid Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 3 days (all we have)+1.016%+$102 · spread now −0.548%, 7d avg +0.001%

Together, before fees+1.030%+ Points / potential airdropHyperliquid: Season 2 · farm board+$103 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.549% cheaper against Hyperliquid than usual: you would sell low and buy high, −$55 on $10k if it goes back to its 7-day average of +0.001%. The two prices were read 84 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	Hyperliquid PUMP	0.004381	0.0100	pay 0.0013% / 1h	1m 58s	$161.0M	$52.5M	10x
Short	ApeX Omni PUMPUSDT	0.004357	0.0100	get 0.0013% / 1h	1m 58s	$137K	$766K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Hyperliquid. 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 HyperliquidbpFee ApeX OmnibpOrdersPrice spread, now −0.548%Rate

Funding earned: $0
Price spread: −0.548% → +0.001%: −$54.86
Slippage, 4 orders: −$28.71
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$102.57
Costs to cover: 0.477%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 12 min ago; ApeX Omni: live order book, 17 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 Hyperliquid live order book, 12 min ago	2.30 bp	8.9 bp −$9	22.8 bp −$228	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 17 min ago	5.75 bp	14.2 bp −$14	105.3 bp −$1,053	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	−0.037%	$20K	$9K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0033%	4h	0.004381	0.000%	$22.9M	$96.5M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0001%	4h	0.004373	−0.183%	$41K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004373	−0.183%	$20K	$202K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004374	−0.169%	$55K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004374	−0.160%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.849%	$29K	$764K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004378	−0.063%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004377	−0.103%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMPlong	+0.0100%	1h	0.004381	long leg	$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	0.004378	−0.067%	$779K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004380	−0.023%	$454K	$603K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004382	+0.031%	$78.1M	$163.9M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004357	−0.539%	$26K	$174K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004378	−0.068%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004379	−0.046%	$4.7M	$11.8M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004383	+0.046%	$23.2M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004379	−0.046%	$17.4M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004381	0.000%	—	$12.7M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004374	−0.151%	$779K	$183K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004360	−0.483%	$65K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004362	−0.444%	$1.2M	$9.8M	10x	as long as short
ApeX Omni PUMPUSDTshort	+0.0100%	1h	0.004357	−0.548%	$137K	$766K	50x
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004378	−0.068%	$83K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004373	−0.189%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004375	−0.137%	$2K	$715K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004372	−0.205%	$721	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004368	−0.297%	$22K	$138K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004376	−0.114%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004380	−0.031%	$3.6M	$3.8M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004372	−0.205%	$72K	$18K	3x	as long as short
01 Exchange PUMPUSD	+0.0120%	1h	0.004380	−0.023%	$6K	$497	10x	as long as short
RISEx PUMP/USDC	+0.0147%	1h	0.004378	−0.068%	$488K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0185%	1h	0.004365	−0.372%	$39K	$99K	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0207%	1h	0.004375	−0.137%	$69K	$126K	25x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0280%	1h	0.004378	−0.068%	$679K	$5.5M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0314% / S −0.0229%	1h	0.004373	−0.183%	$68K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004372	−0.205%	$3.5M	$3.8M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004374	−0.162%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0418%	1h	0.004363	−0.410%	$181	$106K	10x	as long as short
Injective PUMP/USDC PERP	+0.0652%	1h	0.004380	−0.023%	$39K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0799%	1h	0.004377	−0.092%	$1.3M	$3.5M	50x	as long as short