Funding you earn now, next payment 02:00 UTC−0.0280%/8h= −30.7% APRnext payment −$0.35 per $10,000 · paid last 24h −0.021%
Price spread now: Derive against Hyperliquid−0.175%52s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Derive is 0.175% cheaper against Hyperliquid than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 52 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 | 0.004413 | 0.0380 | pay 0.0048% / 1h | 52m 34s | $162.5M | $53.9M | 10x |
| Short | Derive PUMP-PERP | 0.004405 | 0.0100 | get 0.0013% / 1h | 52m 34s | $5K | $13K | 6.7x |
Hyperliquid PUMP
Derive PUMP-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive 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
- −$58.86
- Price spread: −0.175% → 0.000%
- −$17.5
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$91.36
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 11 min ago; Derive: no order-book sample. Net counts fees only.
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, 11 min ago | 1.12 bp | 10.8 bp −$11 | 26.4 bp −$264 | doesn't fit | doesn't fit |
| Sell Derive no order-book sample | — | — | — | — | — |
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni PUMPUSDT | −0.0223% | 1h | 0.004404 | −0.204% | $139K | $759K | 50x | as long as short |
| dYdX PUMP-USD | 0.0000% | 1h | 0.004406 | −0.152% | $20K | $9K | 5x | as long as short |
| Perpl PUMP | 0.0000% | 43m | 0.004411 | −0.045% | $20K | $200K | 20x | as long as short |
| gTrade (Gains Network) PUMP/USD | L +0.0002% / S −0.0002% | 1h | 0.004405 | −0.184% | $53K | — | 150x | as long as short |
| Orderly PERP_PUMP_USDC | +0.0059% | 4h | 0.004406 | −0.159% | $41K | $10K | 10x | as long as short |
| Lighter PUMP | +0.0096% | 1h | 0.004410 | −0.068% | $2.8M | $5.4M | 10x | as long as short |
| Popdex PUMPUSDT | +0.0096% | 1h | 0.004400 | −0.295% | $27K | $770K | 20x | as long as short |
| Aster PUMPUSDT | +0.0100% | 4h | 0.004410 | −0.063% | $700K | $2.3M | 50x | as long as short |
| Pacifica PUMP | +0.0100% | 1h | 0.004412 | −0.023% | $476K | $654K | 10x | as long as short |
| Binance PUMPUSDT | +0.0100% | 4h | 0.004413 | −0.010% | $79.2M | $164.6M | 75x | as long as short |
ApeX Omni PUMPUSDT
dYdX PUMP-USD
Perpl PUMP
gTrade (Gains Network) PUMP/USD
Orderly PERP_PUMP_USDC
Lighter PUMP
Popdex PUMPUSDT
Aster PUMPUSDT
Pacifica PUMP
Binance PUMPUSDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX PUMP-USDT-SWAP | +0.0100% | 4h | 0.004408 | −0.113% | $23.5M | $96.5M | 50x | as long as short |
| Ondo Perps PUMP-USD.P | +0.0100% | 1h | 0.004393 | −0.462% | $26K | $166K | 5x | as long as short |
| Arcus PUMP-USD | +0.0100% | 1h | 0.004409 | −0.091% | $40K | $60K | 10x | as long as short |
| Gate PUMP_USDT | +0.0100% | 4h | 0.004409 | −0.091% | $4.8M | $10.4M | 75x | as long as short |
| KuCoin PUMPUSDTM | +0.0100% | 4h | 0.004410 | −0.068% | $23.4M | $13.9M | 50x | as long as short |
| Bitget PUMPUSDT | +0.0100% | 4h | 0.004407 | −0.136% | $17.6M | $19.2M | 75x | as long as short |
| BingX PUMP-USDT | +0.0100% | 4h | 0.004411 | −0.045% | — | $12.8M | — | as long as short |
| Backpack PUMP_USDC_PERP | +0.0100% | 1h | 0.004408 | −0.107% | $785K | $179K | 5x | as long as short |
| edgeX PUMPUSDC | +0.0100% | 4h | 0.004405 | −0.176% | $65K | $3.1M | 20x | as long as short |
| GRVT PUMP_USDT_Perp | +0.0100% | 4h | 0.004394 | −0.442% | $1.2M | $10.4M | 10x | as long as short |
| Polymarket Perps PUMP-USD | +0.0100% | 1h | 0.004414 | +0.023% | $102K | $2.0M | 10x | as long as short |
| Derive PUMP-PERPshort | +0.0100% | 1h | 0.004405 | −0.175% | $5K | $13K | 6.7x | |
| SunX PUMP-USDT | +0.0100% | 4h | 0.004404 | −0.204% | $2K | $731K | 20x | as long as short |
| SoDEX PUMP-USD | +0.0100% | 1h | 0.004406 | −0.159% | $276 | $7K | 10x | as long as short |
| HTX PUMP-USDT | +0.0100% | 4h | 0.004394 | −0.431% | $21K | $117K | 20x | as long as short |
| Phemex PUMPUSDT | +0.0100% | 4h | 0.004408 | −0.113% | $2.0M | $3.9M | 20x | as long as short |
| Paradex PUMP-USD-PERP | +0.0101% | 8h | 0.004412 | −0.013% | $42K | $276 | 5x | as long as short |
| Extended PUMP-USD | +0.0104% | 1h | 0.004410 | −0.059% | $3.7M | $4.1M | 50x | as long as short |
| Aevo PUMP-PERP | +0.0104% | 1h | 0.004403 | −0.227% | $70K | $9K | 3x | as long as short |
| Nado PUMP-PERP | +0.0118% | 1h | 0.004410 | −0.057% | $1.6M | $2.0M | 10x | as long as short |
| 01 Exchange PUMPUSD | +0.0200% | 1h | 0.004412 | −0.023% | $6K | $727 | 10x | as long as short |
| Deribit PUMP_USDC-PERPETUAL | +0.0204% | 1h | 0.004408 | −0.113% | $70K | $124K | 25x | as long as short |
| Phoenix PUMP | +0.0235% | 1h | 0.004402 | −0.258% | $39K | $103K | 10x | as long as short |
| RISEx PUMP/USDC | +0.0322% | 1h | 0.004413 | +0.003% | $481K | $995K | 10x | as long as short |
| BloFin PUMP-USDT | +0.0340% | 4h | 0.004409 | −0.091% | $3.6M | $4.3M | 75x | as long as short |
| Reya PUMPRUSDPERP | +0.0344% | 1h | 0.004406 | −0.163% | $2 | — | 3x | as long as short |
| GMX PUMP/USD [WBTC.b-USDC] | L +0.0357% / S −0.0298% | 1h | 0.004404 | −0.204% | $73K | — | 100x | as long as short |
| Hyperliquid PUMPlong | +0.0380% | 1h | 0.004413 | long leg | $162.5M | $53.9M | 10x | |
| Coinbase International PUMP-PERP-INTX | +0.0408% | 1h | 0.004410 | −0.068% | $688K | $5.5M | 50x | as long as short |
| Injective PUMP/USDC PERP | +0.0571% | 1h | 0.004408 | −0.113% | $39K | $203K | 12x | as long as short |
| Aftermath Perps PUMPUSD | +0.0719% | 1h | 0.004413 | −0.003% | $386 | $110K | 10x | as long as short |
| Kraken Futures PF_PUMPUSD | +0.1262% | 1h | 0.004411 | −0.052% | $1.3M | $3.1M | 50x | as long as short |
OKX PUMP-USDT-SWAP
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
Polymarket Perps PUMP-USD
SunX PUMP-USDT
SoDEX PUMP-USD
HTX PUMP-USDT
Phemex PUMPUSDT
Paradex PUMP-USD-PERP
Extended PUMP-USD
Aevo PUMP-PERP
Nado PUMP-PERP
01 Exchange PUMPUSD
Deribit PUMP_USDC-PERPETUAL
Phoenix PUMP
RISEx PUMP/USDC
BloFin PUMP-USDT
Reya PUMPRUSDPERP
GMX PUMP/USD [WBTC.b-USDC]
Coinbase International PUMP-PERP-INTX
Injective PUMP/USDC PERP
Aftermath Perps PUMPUSD
Kraken Futures PF_PUMPUSD