PUMP

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	HyperliquidPUMP	0.006428	+0.0204	pay 0.0025% / 1h	1m 34s	$351.1M	$140.1M	10x	Long Hyperliquid4% off
SHORT	TxFlowPUMP-USDC	0.006421	−0.0127	pay 0.0016% / 1h	1m 34s	$1.2M	$1.6M	55x	Short TxFlow5% off

Price gap−0.109%

Funding gap−0.0331% /8h

Both sides work against this direction now: funding costs $10 a day on $10k and the gap is 0.116% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$1−0.0331% /8h now · paid −0.010% over the last 5 hours (all we have)

Price−$12spread −0.109% now, avg +0.007% → −0.116% if it goes back

Costs−$270.271% of $10k · taker + slippage, in and out

Result−$40−0.40%+ Points / potential airdropHyperliquid: Season 2 · TxFlow: points · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.109%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

PUMP on 43 exchanges

lowest funding first

Before you open

4 ok · 2 to watch

OK: Fits both order books8.9 / 6.7 bp
Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
Note: Margin at max leverage$1,000 + $182
Hyperliquid 10x, TxFlow 55x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$9.92Long Hyperliquid: 24 payments, −$6.11; short TxFlow: 24 payments, −$3.81.
Watch: Gap narrower than usual−0.109% vs +0.007%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Short leg is thinner$1.2M vs $351.1M OI
TxFlow sets your exit cost. Check its book before closing.
OK: Points on a legHyperliquid Season 2 · TxFlow points
Volume here counts toward the points program.
OK: No KYC on either legHyperliquid No · TxFlow No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0165%/8h × 21 periods−$34.66

Price spread−0.109% → +0.007% (7d avg)−$11.57

Slippage, 4 orderslive order books−$9.08

Fee Hyperliquid bp × 2 orders−$9.00

Fee TxFlow bp × 2 orders−$9.00

Net · 7 days · $10k−$73.31

Costs to cover0.271%Break-evennever at this rate

Slippage: Hyperliquid: live order book, 13 min ago; TxFlow: live order book, 2 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGHyperliquid0.778.9 bp−$918.2 bp−$18246.7 bp−$4,673doesn’t fit

SELL · SHORTTxFlow0.786.7 bp−$78.4 bp−$8444.9 bp−$4,489239.3 bp−$119.6K

Closing costs about the same again.

PUMP news

posts that mention PUMP, from every exchangeSearch all news →

10-02 18:46	RISEx	Other	$PUMP still lived up to the name +49.6%. $LIT was anything but -23.9%, the week's worst. Make of that what you will for this week @risextrade on X ↗
10-02 06:00	Derive	Other	Not a bad way to kick off October. $260M traded on Derive on October 1st. The two biggest prints: - 250x BTC 87K/90K call spread, Oct 9 ($42M notional) - 5,000x ETH 3,000/3,300 call spread, Oct 16 ($27M notional) Newer markets: 143 trades on $LIT, 44 on $PUMP. @DeriveXYZ on X ↗
10-01 00:11	Derive	Token	September at Derive: ➤ Leadership. @APvanvoorhees joined as Chief Legal and Compliance Officer, bringing 20+ years in capital markets and derivatives law. ➤ Record month. $1.7B in a week, $4.8B for September. ➤ New markets. LIT, PUMP and VVV markets went live, with liquidity ramping ahead of V3. ➤ Governance. Proposals went live for the V3 launch and increasing the share of protocol revenue allocated to $DRV buybacks from 35% to 50%. ➤ fomo. Derive joined @fomo, giving users another way to follow our updates. ➤ Bitvavo listing. $DRV went live for eligible users in supported regions. Next: Derive V3. @DeriveXYZ on X ↗
09-30 10:00	Binance	Contest	Don't sit this one out. ⏳ PUMP/USDC Spot Trading Tournament is live. Up to 50,000,000 $PUMP Token Vouchers are up for grabs. Join now → @binance on X ↗
09-28 15:17	OKX	Other	New X Drops just went live in Europe. Trade XDP, HYPE, TAO, LINK, PUMP, UNI, LTC, DOGE, FET, or AAVE for a share of 23M $XDP. $XDP trades get a 3× boost. @okx on X ↗
09-28 15:16	Phoenix	Contest	It’s Solana Ecosystem week on Frontier Traders. Trade SOL, JUP, PUMP, SKR, MET, ANSEM, STONK, JTO, and FARTCOIN perpetuals on Phoenix to compete for a $25,000 prize pool across Volume and PnL leaderboards. @PhoenixTrade on X ↗