Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0329%/8h= +36.1% APRpaid last 24h +0.024%

Price spread now: Hyperliquid against Paradex+0.130%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · Hyperliquid: Season 2 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Hyperliquid is 0.130% dearer against Paradex than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex PUMP-USD-PERP	0.004405	0.0100	pay 0.0100% / 8h	4h 56m	$42K	$276	5x
Short	Hyperliquid PUMP	0.004411	0.0430	get 0.0054% / 1h	56m 06s	$164.8M	$56.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Paradex. 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 ParadexbpFee HyperliquidbpOrdersPrice spread, now +0.130%Rate

Funding earned: $69.15
Price spread: +0.130% → 0.000%: $12.98
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $69.13
Costs to cover: 0.130%
Break-even: 0.0 days

Slippage unknown: Paradex: no order-book sample; Hyperliquid: live order book, 8 min ago. Net counts fees only.

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 Paradex no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 8 min ago	1.13 bp	10.8 bp −$11	19.0 bp −$190	doesn't fit	doesn't fit

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Backpack PUMP_USDC_PERP	−0.0584%	1h	0.004405	−0.002%	$780K	$197K	5x	as long as short
Perpl PUMP	−0.0112%	43m	0.004405	−0.006%	$18K	$233K	20x	as long as short
dYdX PUMP-USD	0.0000%	1h	0.004403	−0.052%	$20K	$9K	5x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004404	−0.028%	$53K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004406	+0.016%	$2.8M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.120%	$29K	$822K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004406	+0.028%	$1.6M	$2.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004405	−0.009%	$693K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004404	−0.029%	$489K	$817K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004406	+0.016%	$79.9M	$172.1M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004407	+0.039%	$24.0M	$97.4M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004378	−0.624%	$36K	$186K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004404	−0.029%	$65K	$91K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004405	−0.006%	$4.9M	$11.1M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004410	+0.107%	$23.5M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004405	−0.006%	$17.5M	$20.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004406	+0.016%	—	$12.9M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004398	−0.175%	$64K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004399	−0.142%	$1.2M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004401	−0.097%	$147K	$751K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004408	+0.062%	$97K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004405	−0.006%	$41K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004406	+0.008%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004405	−0.006%	$2K	$761K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004406	+0.016%	$276	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004402	−0.074%	$21K	$117K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004406	+0.016%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERPlong	+0.0100%	8h	0.004405	long leg	$42K	$276	5x
Aevo PUMP-PERP	+0.0104%	1h	0.004403	−0.052%	$70K	$11K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0191% / S −0.0050%	1h	0.004403	−0.052%	$59K	—	100x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0204%	1h	0.004408	+0.062%	$70K	$124K	25x	as long as short
Extended PUMP-USD	+0.0208%	1h	0.004406	+0.006%	$3.8M	$4.3M	50x	as long as short
01 Exchange PUMPUSD	+0.0240%	1h	0.004405	−0.006%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0321%	1h	0.004406	+0.025%	$43K	$102K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004399	−0.143%	$3.6M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004405	−0.011%	$2	—	3x	as long as short
Hyperliquid PUMPshort	+0.0430%	1h	0.004411	+0.130%	$164.8M	$56.1M	10x
Coinbase International PUMP-PERP-INTX	+0.0440%	1h	0.004411	+0.130%	$696K	$5.9M	50x	as long as short
RISEx PUMP/USDC	+0.0570%	1h	0.004405	+0.005%	$524K	$1.0M	10x	as long as short
Injective PUMP/USDC PERP	+0.0706%	1h	0.004409	+0.084%	$38K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0804%	1h	0.004409	+0.073%	$1.1M	$3.4M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0881%	1h	0.004408	+0.069%	$582	$115K	10x	as long as short