PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0242%/8h= +26.5% APRnext payment +$0.30 per $10,000 · paid last 24h +0.268%

Price spread now: Kraken Futures against Hyperliquid+0.102%7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$550.551% of the position

Long on Hyperliquid Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.275%+$27 on $10k

Price spread, last 4 days (all we have)−0.018%−$2 · spread now +0.102%, 7d avg −0.026%

Together, before fees+0.256%+ Points / potential airdropHyperliquid: Season 2 · farm board+$26 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 Kraken Futures is 0.128% dearer against Hyperliquid than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid PUMP	0.004489	0.0572	pay 0.0072% / 1h	43m 48s	$168.4M	$48.4M	10x
Short	Kraken Futures PF_PUMPUSD	0.004494	0.0815	get 0.0102% / 1h	43m 48s	$1.0M	$3.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.102%Rate

Funding earned: $50.91
Price spread: +0.102% → −0.026%: $12.8
Slippage, 4 orders: −$36.08
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $8.63
Costs to cover: 0.551%
Break-even: 5.8 days

Slippage from Hyperliquid: live order book, 10 min ago; Kraken Futures: live order book, 5 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, 10 min ago	1.12 bp	10.3 bp −$10	21.6 bp −$216	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	4.45 bp	17.6 bp −$18	26.8 bp −$268	240.8 bp −$24.1K	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	−0.0017%	1h	0.004490	+0.027%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004494	+0.111%	$18K	$237K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004494	+0.111%	$70K	$115K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004494	+0.121%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0044%	4h	0.004478	−0.245%	$5.0M	$10.3M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004482	−0.156%	$2.9M	$4.6M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.983%	$28K	$617K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004494	+0.123%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004479	−0.221%	$716K	$2.1M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004494	+0.111%	$538K	$761K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PUMPUSDT	+0.0100%	4h	0.004479	−0.221%	$81.7M	$163.8M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004477	−0.267%	$24.6M	$94.2M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004498	+0.209%	$32K	$168K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004496	+0.156%	$65K	$101K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004484	−0.111%	$24.0M	$13.6M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004481	−0.178%	$17.8M	$18.5M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004477	−0.267%	—	$13.7M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004492	+0.069%	$805K	$201K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004495	+0.138%	$66K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004504	+0.335%	$1.3M	$10.1M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004499	+0.223%	$152K	$746K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004498	+0.200%	$111K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004493	+0.089%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004493	+0.080%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004493	+0.089%	$2K	$735K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004492	+0.067%	$282	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004486	−0.067%	$21K	$93K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004493	+0.089%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0103%	8h	0.004498	+0.206%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004490	+0.022%	$67K	$10K	3x	as long as short
Extended PUMP-USD	+0.0144%	1h	0.004480	−0.194%	$3.8M	$3.7M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0272% / S −0.0200%	1h	0.004493	+0.089%	$54K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0320%	1h	0.004497	+0.178%	$6K	$600	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004490	+0.022%	$3.7M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004495	+0.129%	$2	—	3x	as long as short
Phoenix PUMP	+0.0356%	1h	0.004499	+0.232%	$46K	$119K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0480%	1h	0.004501	+0.267%	$723K	$5.5M	50x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004502	+0.290%	$39K	$204K	12x	as long as short
Hyperliquid PUMPlong	+0.0572%	1h	0.004489	long leg	$168.4M	$48.4M	10x
RISEx PUMP/USDC	+0.0682%	1h	0.004498	+0.200%	$534K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSDshort	+0.0815%	1h	0.004494	+0.102%	$1.0M	$3.2M	50x
Aftermath Perps PUMPUSD	+0.1091%	1h	0.004496	+0.156%	$521	$102K	10x	as long as short