Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0052%/8h= −5.7% APRpaid last 24h +0.062%

Price spread now: BloFin against Hyperliquid−0.114%7-day average −0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs+$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$420.417% of the position

Long on Hyperliquid Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.437%+$44 on $10k

Price spread, last 3 days (all we have)+0.157%+$16 · spread now −0.114%, 7d avg −0.066%

Together, before fees+0.593%+ Points / potential airdropHyperliquid: Season 2 · farm board+$59 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.048% cheaper against Hyperliquid than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.066%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.437%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid PUMP	0.004401	0.0392	pay 0.0049% / 1h	56m 59s	$162.7M	$54.5M	10x
Short	BloFin PUMP-USDT	0.004396	0.0340	get 0.0170% / 4h	2h 56m	$3.6M	$4.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.114%Rate

Funding earned: −$10.92
Price spread: −0.114% → −0.066%: −$4.78
Slippage, 4 orders: −$20.7
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$57.4
Costs to cover: 0.417%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 7 min ago; BloFin: 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 Hyperliquid live order book, 7 min ago	1.12 bp	10.8 bp −$11	26.4 bp −$264	doesn't fit	doesn't fit
Sell BloFin live order book, 7 min ago	4.49 bp	10.5 bp −$10	12.5 bp −$125	20.5 bp −$2,047	85.3 bp −$42.7K

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	0.0000%	1h	0.004408	+0.165%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004409	+0.182%	$20K	$202K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004397	−0.091%	$70K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004398	−0.067%	$54K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0057%	4h	0.004397	−0.091%	$41K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004399	−0.045%	$2.8M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.023%	$27K	$770K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004398	−0.057%	$704K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004410	+0.204%	$476K	$654K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004398	−0.076%	$79.2M	$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	0.004399	−0.045%	$23.4M	$96.5M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004428	+0.616%	$26K	$167K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004409	+0.182%	$40K	$57K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004393	−0.182%	$4.8M	$10.3M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004400	−0.023%	$23.4M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004396	−0.114%	$17.5M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004393	−0.182%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004393	−0.182%	$787K	$176K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004424	+0.530%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004427	+0.601%	$1.2M	$10.3M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004427	+0.591%	$139K	$760K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004413	+0.273%	$102K	$2.0M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004398	−0.076%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004398	−0.068%	$2K	$730K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004398	−0.068%	$276	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004420	+0.432%	$21K	$119K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004398	−0.068%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004409	+0.187%	$42K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004397	−0.081%	$3.7M	$4.1M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004395	−0.136%	$70K	$11K	3x	as long as short
Phoenix PUMP	+0.0237%	1h	0.004419	+0.407%	$39K	$95K	10x	as long as short
01 Exchange PUMPUSD	+0.0248%	1h	0.004406	+0.114%	$6K	$727	10x	as long as short
RISEx PUMP/USDC	+0.0322%	1h	0.004411	+0.218%	$481K	$994K	10x	as long as short
BloFin PUMP-USDTshort	+0.0340%	4h	0.004396	−0.114%	$3.6M	$4.3M	75x
Reya PUMPRUSDPERP	+0.0344%	1h	0.004402	+0.030%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0356% / S −0.0296%	1h	0.004398	−0.068%	$73K	—	100x	as long as short
Nado PUMP-PERP	+0.0356%	1h	0.004407	+0.148%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMPlong	+0.0392%	1h	0.004401	long leg	$162.7M	$54.5M	10x
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004413	+0.273%	$688K	$5.6M	50x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004419	+0.409%	$39K	$203K	12x	as long as short
Aftermath Perps PUMPUSD	+0.0703%	1h	0.004438	+0.848%	$388	$109K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1264%	1h	0.004403	+0.035%	$1.3M	$3.1M	50x	as long as short