Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.003940 | spot | no funding | — | — | $1.9M | 1x | Buy Hyperliquid Spot4% off | |
| SHORT | 0.003966 | +0.0100 | get 0.0013% / 1h | 48m 48s | $91.9M | $58.0M | 10x | Short Hyperliquid4% off |
Price gap+0.650%
Funding gap+0.0100% /8h
Both sides work: funding pays +$3 a day on $10k, and the gap is 0.537% above its 7d average: +$54 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$21+0.0100% /8h now · paid +0.208% over the last 7D
Price+$54spread +0.650% now, avg +0.113% → +0.537% if it goes back
Costs−$560.561% of $10k · taker + slippage, in and out
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now+0.650%
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
/8hPUMP on 48 exchanges
lowest funding firstBefore you open
5 ok · 0 to watch- OK: Fits both order books14.7 / 7.0 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Spot in full, margin on the short$10,000 + $1,000The spot leg is bought with the whole $10k; Hyperliquid runs at up to 10x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on Hyperliquid.
- OK: Only the short pays funding— / 1hThe spot leg pays no funding; Hyperliquid settles every 1h.Next 24h at the current rates, on $10k a leg: +$3.00Long Hyperliquid Spot: 0 payments, $0.00; short Hyperliquid: 24 payments, +$3.00.
- OK: Entry gap works for you+0.650% vs +0.113%You short the dearer leg. If the gap goes back to average, the short gains.
- Note: Spot has no open interest$91.9M OIOnly Hyperliquid reports one; the spot book's depth is in the cost check above.
- OK: Points on a legHyperliquid Season 2Volume here counts toward the points program.
- OK: No KYC on either legHyperliquid Spot No · Hyperliquid NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0099%/8h × 21 periods+$20.76
Price spread+0.650% → +0.113% (7d avg)+$53.70
Slippage, 4 orderslive order books−$33.08
Fee Hyperliquid Spot bp × 2 orders−$14.00
Fee Hyperliquid bp × 2 orders−$9.00
Net · 7 days · $10k+$18.38
Costs to cover0.561%Break-even0.8 days
Slippage: Hyperliquid Spot: live order book, 9 min ago; Hyperliquid: live order book, 8 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGHyperliquid Spot3.4414.7 bp−$1544.8 bp−$448doesn’t fitdoesn’t fit
SELL · SHORTHyperliquid2.537.0 bp−$713.8 bp−$13839.5 bp−$3,946182.7 bp−$91.3K
Closing costs about the same again.
PUMP news
posts that mention PUMP, from every exchange| 11-03 07:08 | Binance | Other | Latest Withdrawal Update Withdrawals have now been re-enabled for the following networks and assets: New: ✅ ETH: ENA, USDE, PENDLE, WLD, QNT, SHIB, ZRO, FET, NIL, ONDO, ALT, SKY, LINK, ETHFI, REZ, JASMY, PUNDIX, BTC, BAT, STRK, POL, ANIME, LSK, RE, BREV, RLC, AMP, PLUME, BLUR, WBETH, ZBT, ENSO, AVA, TUSD ✅ SOL: USD1, PUMP, FDUSD, BMT, RENDER, RAY, TRUMP, MET, PENGU, JUP, PYTH, BONK, KMNO, BNSOL, ORCA, WIF, W, HUMA, JTO, IO, 2Z, BOME Already Enabled: ✅ ETH: RLUSD, USD1, TUSD, FDUSD, XUSD We will continue to restore additional assets and networks in phases as security checks are completed. Further updates will be shared through official Binance channels. @binance on X ↗ |
| 10-31 16:14 | Derive | Contest | October at Derive: ➤ V3 Live. Launched with Ethereum custody, ZK proofs, sub-millisecond matching and no-code vaults. ➤ Governance. Submitted a CFTC comment letter on conflicts and affiliations. Proposed expansion into US-regulated derivatives markets through governance. ➤ Volume. $3.47B month to date, including $2.94B in options and ~$4B open interest. ➤ Trading. Added RFQ Price Protection, PUMP and VVV markets as well as LIT as collateral. ➤ HYPE. Integrating Elysium by @Kinetiq_xyz. Launched Road to Expiry with Kinetiq, a HYPE options contest with a ~$40k prize pool. Lowered margin and more borrowing power against HYPE and kHYPE. @DeriveXYZ on X ↗ |
| 10-29 16:57 | Katana Perps | Listing | new market PUMP-USD ($PUMP) seen by our collector |
| 10-28 16:00 | OKX | Other | Europe, your next X Drops basket is here. ZEC, NEAR, SUI, TAO, PEPE, WLD, LINK, PUMP, ONDO and ZAMA are in, with 3.4M $ZAMA up for grabs. Trade @zama for 3× rewards. @okx on X ↗ |
| 10-23 09:05 | Reya | Listing | new market PUMPRUSDPERP ($PUMP) seen by our collector |
| 10-15 05:29 | Derive | Listing | $PUMP options and perps are live on Derive. Block-size trades have already printed via RFQ. The order book is now just as tradeable, with deep liquidity on screen. @DeriveXYZ on X ↗ |

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