Funding you earn now, next payment 23:00 UTC+0.0107%/8h= +11.7% APRnext payment +$0.13 per $10,000 · paid last 24h −0.037%
Price spread now: Deribit against Hyperliquid−0.114%50s7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as 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−$460.457% of the position
Funding, last 7 days−0.259%−$26 on $10k
+Price spread, last 3 days (all we have)+0.130%+$13 · spread now −0.114%, 7d avg −0.054%
=Together, before fees−0.129%+ Points / potential airdropHyperliquid: Season 2 · farm board−$13 on $10k · with fees, hour by hour
Funding pays, the price is against you. Deribit is 0.061% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.114% now, against its 7-day average of −0.054%). If the spread goes back, that is −$6 on $10k: about 45 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.259%, so the current rate has only just turned in your favour. The two prices were read 50 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 | 2m 22s | $161.0M | $52.5M | 10x |
| Short | Deribit PUMP_USDC-PERPETUAL | 0.004376 | 0.0207 | get 0.0026% / 1h | 2m 22s | $69K | $126K | 25x |
Hyperliquid PUMP
Deribit PUMP_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Hyperliquid. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $22.47
- Price spread: −0.114% → −0.054%
- −$6.06
- Slippage, 4 orders
- −$29.67
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$29.26
- Costs to cover
- 0.457%
- Break-even
- 16.1 days
Slippage from Hyperliquid: live order book, 12 min ago; Deribit: live order book, 16 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 Deribit live order book, 16 min ago | 8.06 bp | 13.8 bp −$14 | 22.4 bp −$224 | 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 | −0.0037% | 4h | 0.004373 | −0.183% | $22.9M | $96.3M | 50x | as long as short |
| Orderly PERP_PUMP_USDC | −0.0001% | 4h | 0.004374 | −0.160% | $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 | 0.004379 | −0.046% | $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 |
dYdX PUMP-USD
OKX PUMP-USDT-SWAP
Orderly PERP_PUMP_USDC
Perpl PUMP
gTrade (Gains Network) PUMP/USD
Lighter PUMP
Popdex PUMPUSDT
Paradex PUMP-USD-PERP
Nado PUMP-PERPShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster PUMPUSDT | +0.0100% | 4h | 0.004375 | −0.127% | $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 | 0.004374 | −0.155% | $77.9M | $163.8M | 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 | 0.004374 | −0.160% | $4.7M | $11.8M | 75x | as long as short |
| KuCoin PUMPUSDTM | +0.0100% | 4h | 0.004378 | −0.068% | $23.2M | $13.8M | 50x | as long as short |
| Bitget PUMPUSDT | +0.0100% | 4h | 0.004374 | −0.160% | $17.4M | $19.1M | 75x | as long as short |
| BingX PUMP-USDT | +0.0100% | 4h | 0.004373 | −0.183% | — | $12.7M | — | as long as short |
| Backpack PUMP_USDC_PERP | +0.0100% | 1h | 0.004373 | −0.173% | $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 PUMPUSDT | +0.0100% | 1h | 0.004357 | −0.548% | $137K | $766K | 50x | as long as short |
| 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 | 0.004374 | −0.154% | $5K | $13K | 6.7x | as long as short |
| SunX PUMP-USDT | +0.0100% | 4h | 0.004376 | −0.114% | $2K | $714K | 20x | as long as short |
| SoDEX PUMP-USD | +0.0100% | 1h | 0.004374 | −0.160% | $721 | $6K | 10x | as long as short |
| HTX PUMP-USDT | +0.0100% | 4h | 0.004372 | −0.205% | $22K | $138K | 20x | as long as short |
| Phemex PUMPUSDT | +0.0100% | 4h | 0.004372 | −0.205% | $2.0M | $4.0M | 20x | as long as short |
| Extended PUMP-USD | +0.0104% | 1h | 0.004376 | −0.122% | $3.6M | $3.8M | 50x | as long as short |
| Aevo PUMP-PERP | +0.0104% | 1h | 0.004374 | −0.160% | $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-PERPETUALshort | +0.0207% | 1h | 0.004376 | −0.114% | $69K | $126K | 25x | |
| 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 | 0.004379 | −0.036% | $1.3M | $3.5M | 50x | as long as short |
Aster PUMPUSDT
Pacifica PUMP
Binance PUMPUSDT
Ondo Perps PUMP-USD.P
Arcus PUMP-USD
Gate PUMP_USDT
KuCoin PUMPUSDTM
Bitget PUMPUSDT
BingX PUMP-USDT
Backpack PUMP_USDC_PERP
edgeX PUMPUSDC
GRVT PUMP_USDT_Perp
ApeX Omni PUMPUSDT
Polymarket Perps PUMP-USD
Derive PUMP-PERP
SunX PUMP-USDT
SoDEX PUMP-USD
HTX PUMP-USDT
Phemex PUMPUSDT
Extended PUMP-USD
Aevo PUMP-PERP
01 Exchange PUMPUSD
RISEx PUMP/USDC
Phoenix PUMP
Coinbase International PUMP-PERP-INTX
GMX PUMP/USD [WBTC.b-USDC]
BloFin PUMP-USDT
Reya PUMPRUSDPERP
Aftermath Perps PUMPUSD
Injective PUMP/USDC PERP
Kraken Futures PF_PUMPUSD