PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0506%/8h= −55.4% APRnext payment −$0.63 per $10,000 · paid last 24h −0.024%

Price spread now: Pacifica against Hyperliquid−0.089%7-day average −0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$460.459% of the position

Long on Hyperliquid Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.173%−$17 on $10k

Price spread, last 4 days (all we have)+0.042%+$4 · spread now −0.089%, 7d avg −0.067%

Together, before fees−0.131%+ Points / potential airdropHyperliquid: Season 2 · Pacifica: Active · farm board−$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Pacifica is 0.022% cheaper against Hyperliquid than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.067%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.173% in total (about -9.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.63 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid PUMP	0.004503	0.0606	pay 0.0076% / 1h	47m 07s	$168.3M	$55.9M	10x
Short	Pacifica PUMP	0.004499	0.0100	get 0.0013% / 1h	47m 07s	$522K	$725K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.089%Rate

Funding earned: −$106.17
Price spread: −0.089% → −0.067%: −$2.16
Slippage, 4 orders: −$28.94
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$154.26
Costs to cover: 0.459%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 7 min ago; Pacifica: live order book, 17 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	2.22 bp	13.7 bp −$14	26.3 bp −$263	doesn't fit	doesn't fit
Sell Pacifica live order book, 17 min ago	1.11 bp	10.0 bp −$10	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	0.0000%	1h	0.004499	−0.085%	$21K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004497	−0.133%	$18K	$219K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004497	−0.133%	$71K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004498	−0.115%	$54K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0093%	4h	0.004497	−0.133%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004498	−0.111%	$2.9M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−2.287%	$27K	$779K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004496	−0.144%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004496	−0.166%	$708K	$2.4M	50x	as long as short
Pacifica PUMPshort	+0.0100%	1h	0.004499	−0.089%	$522K	$725K	10x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PUMPUSDT	+0.0100%	4h	0.004505	+0.044%	$82.5M	$168.5M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004499	−0.089%	$24.4M	$99.2M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004500	−0.062%	$26K	$181K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004499	−0.089%	$41K	$66K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004499	−0.089%	$5.0M	$11.1M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004499	−0.089%	$23.9M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004502	−0.022%	$17.7M	$19.8M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004500	−0.067%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004501	−0.053%	$800K	$185K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004511	+0.175%	$68K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004520	+0.388%	$1.3M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004513	+0.222%	$150K	$751K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004503	0.000%	$106K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004497	−0.141%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004497	−0.133%	$2K	$746K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004496	−0.155%	$282	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004495	−0.178%	$21K	$117K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004496	−0.155%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004499	−0.085%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004492	−0.244%	$72K	$8K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0232% / S −0.0084%	1h	0.004497	−0.133%	$61K	—	100x	as long as short
Extended PUMP-USD	+0.0296%	1h	0.004496	−0.148%	$3.9M	$4.2M	50x	as long as short
01 Exchange PUMPUSD	+0.0296%	1h	0.004501	−0.044%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0321%	1h	0.004508	+0.104%	$43K	$103K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004492	−0.244%	—	$4.6M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004498	−0.117%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0448%	1h	0.004508	+0.111%	$702K	$5.9M	50x	as long as short
RISEx PUMP/USDC	+0.0544%	1h	0.004500	−0.067%	$535K	$980K	10x	as long as short
Hyperliquid PUMPlong	+0.0606%	1h	0.004503	long leg	$168.3M	$55.9M	10x
Aftermath Perps PUMPUSD	+0.0866%	1h	0.004503	+0.004%	$595	$113K	10x	as long as short
Injective PUMP/USDC PERP	+0.0880%	1h	0.004503	0.000%	$39K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.1329%	1h	0.004502	−0.017%	$1.4M	$3.0M	50x	as long as short