Funding you earn now, next payment 04:00 UTC+0.0233%/8h= +25.5% APRnext payment +$0.29 per $10,000 · paid last 24h −0.274%
Price spread now: Injective against Hyperliquid+0.113%113s7-day average −0.157% · you sell dearer than you buy
Net, funding: paid 7d − costs−$222as 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−$970.968% of the position
Funding, last 7 days−1.255%−$125 on $10k
+Price spread, last 4 days (all we have)−0.079%−$8 · spread now +0.113%, 7d avg −0.157%
=Together, before fees−1.333%+ Points / potential airdropHyperliquid: Season 2 · farm board−$133 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 0.270% dearer against Hyperliquid than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of −0.157%. Mind the row above: over the last 7 days funding on this pair cost −1.255%, so the current rate has only just turned in your favour. The two prices were read 113 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 | 0.004431 | 0.0473 | pay 0.0059% / 1h | 5m 27s | $166.1M | $54.9M | 10x |
| Short | Injective PUMP/USDC PERP | 0.004436 | 0.0706 | get 0.0088% / 1h | 5m 27s | $38K | $204K | 12x |
Hyperliquid PUMP
Injective PUMP/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $48.91
- Price spread: +0.113% → −0.157%
- $27
- Slippage, 4 orders
- −$87.79
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$20.9
- Costs to cover
- 0.968%
- Break-even
- 10.0 days
Slippage from Hyperliquid: live order book, 8 min ago; Injective: live order book, 53 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, 8 min ago | 1.13 bp | 8.2 bp −$8 | 21.6 bp −$216 | doesn't fit | doesn't fit |
| Sell Injective live order book, 53 min ago | 15.93 bp | 25.6 bp −$26 | doesn't fit | 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 | −0.4602% | 1h | 0.004425 | −0.133% | $20K | $9K | 5x | as long as short |
| Perpl PUMP | −0.0112% | 43m | 0.004426 | −0.113% | $19K | $237K | 20x | as long as short |
| gTrade (Gains Network) PUMP/USD | L +0.0002% / S −0.0002% | 1h | 0.004422 | −0.194% | $53K | — | 150x | as long as short |
| Lighter PUMP | +0.0096% | 1h | 0.004428 | −0.068% | $2.8M | $5.5M | 10x | as long as short |
| Popdex PUMPUSDT | +0.0096% | 1h | 0.004400 | −0.700% | $29K | $781K | 20x | as long as short |
| Nado PUMP-PERP | +0.0100% | 1h | 0.004428 | −0.056% | $1.6M | $2.1M | 10x | as long as short |
| Aster PUMPUSDT | +0.0100% | 4h | 0.004425 | −0.142% | $701K | $2.3M | 50x | as long as short |
| Pacifica PUMP | +0.0100% | 1h | 0.004426 | −0.113% | $496K | $823K | 10x | as long as short |
| Binance PUMPUSDT | +0.0100% | 4h | 0.004424 | −0.167% | $80.5M | $173.0M | 75x | as long as short |
| OKX PUMP-USDT-SWAP | +0.0100% | 4h | 0.004423 | −0.181% | $24.1M | $97.5M | 50x | as long as short |
dYdX PUMP-USD
Perpl PUMP
gTrade (Gains Network) PUMP/USD
Lighter PUMP
Popdex PUMPUSDT
Nado PUMP-PERP
Aster PUMPUSDT
Pacifica PUMP
Binance PUMPUSDT
OKX PUMP-USDT-SWAPShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps PUMP-USD.P | +0.0100% | 1h | 0.004428 | −0.061% | $31K | $192K | 5x | as long as short |
| Arcus PUMP-USD | +0.0100% | 1h | 0.004429 | −0.045% | $62K | $99K | 10x | as long as short |
| Gate PUMP_USDT | +0.0100% | 4h | 0.004422 | −0.203% | $4.9M | $11.5M | 75x | as long as short |
| KuCoin PUMPUSDTM | +0.0100% | 4h | 0.004428 | −0.068% | $23.7M | $13.9M | 50x | as long as short |
| Bitget PUMPUSDT | +0.0100% | 4h | 0.004424 | −0.158% | $17.4M | $20.0M | 75x | as long as short |
| BingX PUMP-USDT | +0.0100% | 4h | 0.004423 | −0.181% | — | $12.9M | — | as long as short |
| Backpack PUMP_USDC_PERP | +0.0100% | 1h | 0.004424 | −0.169% | $791K | $206K | 5x | as long as short |
| edgeX PUMPUSDC | +0.0100% | 4h | 0.004432 | +0.011% | $65K | $3.2M | 20x | as long as short |
| GRVT PUMP_USDT_Perp | +0.0100% | 4h | 0.004429 | −0.046% | $1.2M | $10.6M | 10x | as long as short |
| ApeX Omni PUMPUSDT | +0.0100% | 1h | 0.004433 | +0.045% | $147K | $756K | 50x | as long as short |
| Polymarket Perps PUMP-USD | +0.0100% | 1h | 0.004429 | −0.045% | $103K | $2.1M | 10x | as long as short |
| Orderly PERP_PUMP_USDC | +0.0100% | 4h | 0.004422 | −0.203% | $42K | $11K | 10x | as long as short |
| Derive PUMP-PERP | +0.0100% | 1h | 0.004422 | −0.196% | $5K | $13K | 6.7x | as long as short |
| SunX PUMP-USDT | +0.0100% | 4h | 0.004424 | −0.158% | $1K | $770K | 20x | as long as short |
| SoDEX PUMP-USD | +0.0100% | 1h | 0.004423 | −0.181% | $278 | $7K | 10x | as long as short |
| HTX PUMP-USDT | +0.0100% | 4h | 0.004426 | −0.113% | $21K | $106K | 20x | as long as short |
| Phemex PUMPUSDT | +0.0100% | 4h | 0.004425 | −0.135% | $2.0M | $4.0M | 20x | as long as short |
| Paradex PUMP-USD-PERP | +0.0101% | 8h | 0.004428 | −0.063% | $42K | $276 | 5x | as long as short |
| Aevo PUMP-PERP | +0.0104% | 1h | 0.004421 | −0.226% | $66K | $13K | 3x | as long as short |
| Deribit PUMP_USDC-PERPETUAL | +0.0202% | 1h | 0.004424 | −0.158% | $70K | $122K | 25x | as long as short |
| GMX PUMP/USD [WBTC.b-USDC] | L +0.0270% / S −0.0198% | 1h | 0.004421 | −0.226% | $53K | — | 100x | as long as short |
| Extended PUMP-USD | +0.0280% | 1h | 0.004426 | −0.107% | $3.9M | $4.3M | 50x | as long as short |
| 01 Exchange PUMPUSD | +0.0280% | 1h | 0.004430 | −0.023% | $6K | $625 | 10x | as long as short |
| BloFin PUMP-USDT | +0.0340% | 4h | 0.004430 | −0.023% | $3.6M | $4.5M | 75x | as long as short |
| Reya PUMPRUSDPERP | +0.0344% | 1h | 0.004426 | −0.118% | $2 | — | 3x | as long as short |
| Phoenix PUMP | +0.0345% | 1h | 0.004430 | −0.018% | $42K | $120K | 10x | as long as short |
| Coinbase International PUMP-PERP-INTX | +0.0440% | 1h | 0.004429 | −0.045% | $701K | $5.9M | 50x | as long as short |
| Hyperliquid PUMPlong | +0.0473% | 1h | 0.004431 | long leg | $166.1M | $54.9M | 10x | |
| RISEx PUMP/USDC | +0.0570% | 1h | 0.004430 | −0.033% | $526K | $1.0M | 10x | as long as short |
| Injective PUMP/USDC PERPshort | +0.0706% | 1h | 0.004436 | +0.113% | $38K | $204K | 12x | |
| Kraken Futures PF_PUMPUSD | +0.0800% | 1h | 0.004426 | −0.109% | $1.0M | $3.4M | 50x | as long as short |
| Aftermath Perps PUMPUSD | +0.0997% | 1h | 0.004429 | −0.052% | $585 | $112K | 10x | as long as short |
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
Orderly PERP_PUMP_USDC
Derive PUMP-PERP
SunX PUMP-USDT
SoDEX PUMP-USD
HTX PUMP-USDT
Phemex PUMPUSDT
Paradex PUMP-USD-PERP
Aevo PUMP-PERP
Deribit PUMP_USDC-PERPETUAL
GMX PUMP/USD [WBTC.b-USDC]
Extended PUMP-USD
01 Exchange PUMPUSD
BloFin PUMP-USDT
Reya PUMPRUSDPERP
Phoenix PUMP
Coinbase International PUMP-PERP-INTX
RISEx PUMP/USDC
Kraken Futures PF_PUMPUSD
Aftermath Perps PUMPUSD