PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0416%/8h= +45.5% APRnext payment +$0.52 per $10,000 · paid last 24h +0.033%

Price spread now: Hyperliquid against Nado+0.414%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs+$5as in the Price arb table

costs, in and out, $10k−$360.358% of the position

Long on Nado Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.037%+$4 on $10k

Price spread, last 7 days−0.479%−$48 · spread now +0.414%, 7d avg +0.007%

Together, before fees−0.442%+ Points / potential airdropNado: Active · Hyperliquid: Season 2 · farm board−$44 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Hyperliquid is 0.407% dearer against Nado than usual: you sell high and buy low: +$41 more if the spread goes back to its 7-day average of +0.007%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.037% in total (about 3.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.52 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	Nado PUMP-PERP	0.004464	0.0100	pay 0.0012% / 1h	8m 49s	$1.6M	$2.0M	10x
Short	Hyperliquid PUMP	0.004483	0.0516	get 0.0064% / 1h	8m 49s	$168.0M	$49.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Nado. 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 NadobpFee HyperliquidbpOrdersPrice spread, now +0.414%Rate

Funding earned: $87.27
Price spread: +0.414% → +0.007%: $40.7
Slippage, 4 orders: −$19.85
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $92.13
Costs to cover: 0.358%
Break-even: from the start

Slippage from Nado: live order book, 5 min ago; Hyperliquid: 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 Nado live order book, 5 min ago	2.23 bp	7.2 bp −$7	17.0 bp −$170	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 5 min ago	1.11 bp	10.0 bp −$10	21.3 bp −$213	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	−0.2294%	1h	0.004471	+0.150%	$20K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004463	−0.034%	$18K	$233K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004460	−0.101%	$71K	$116K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004459	−0.130%	$56K	—	150x	as long as short
Gate PUMP_USDT	+0.0032%	4h	0.004467	+0.056%	$4.9M	$10.6M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004464	−0.011%	$2.9M	$4.8M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.445%	$30K	$631K	20x	as long as short
Nado PUMP-PERPlong	+0.0100%	1h	0.004464	long leg	$1.6M	$2.0M	10x
Aster PUMPUSDT	+0.0100%	4h	0.004472	+0.164%	$714K	$2.2M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004470	+0.123%	$496K	$755K	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	0.004474	+0.204%	$81.5M	$166.4M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004477	+0.280%	$24.4M	$95.6M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004467	+0.060%	$32K	$183K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004468	+0.078%	$65K	$101K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004476	+0.258%	$24.0M	$13.7M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004476	+0.258%	$17.7M	$19.3M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004470	+0.123%	—	$12.7M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004461	−0.074%	$796K	$202K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004482	+0.384%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004485	+0.457%	$1.3M	$10.2M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004483	+0.414%	$150K	$746K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004466	+0.034%	$107K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004459	−0.123%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004459	−0.129%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004463	−0.034%	$2K	$744K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004460	−0.101%	$280	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004461	−0.078%	$21K	$95K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004461	−0.078%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004474	+0.208%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004458	−0.146%	$66K	$10K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0271% / S −0.0198%	1h	0.004458	−0.146%	$54K	—	100x	as long as short
Extended PUMP-USD	+0.0272%	1h	0.004476	+0.249%	$3.9M	$3.9M	50x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004465	+0.011%	$3.7M	$4.5M	75x	as long as short
Phoenix PUMP	+0.0342%	1h	0.004476	+0.246%	$46K	$119K	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004462	−0.062%	$2	—	3x	as long as short
01 Exchange PUMPUSD	+0.0344%	1h	0.004467	+0.056%	$6K	$600	10x	as long as short
Injective PUMP/USDC PERP	+0.0419%	1h	0.004472	+0.168%	$39K	$204K	12x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0472%	1h	0.004465	+0.011%	$718K	$5.7M	50x	as long as short
Hyperliquid PUMPshort	+0.0516%	1h	0.004483	+0.414%	$168.0M	$49.9M	10x
RISEx PUMP/USDC	+0.0638%	1h	0.004467	+0.056%	$531K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0657%	1h	0.004462	−0.048%	$1.0M	$3.3M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1037%	1h	0.004472	+0.159%	$518	$107K	10x	as long as short