Funding you earn now, next payment 05:00 UTC+0.0439%/8h= +48.1% APRpaid last 24h +0.033%
Price spread now: Hyperliquid against Phemex+0.090%7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$820.816% of the position
Funding, last 7 days+0.005%+$1 on $10k
+Price spread, last 4 days (all we have)−0.067%−$7 · spread now +0.090%, 7d avg +0.080%
=Together, before fees−0.062%+ Points / potential airdropHyperliquid: Season 2 · farm board−$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.080%, so right now this pair is about funding alone: +$13 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.005% in total (about 0.3% a year). A funding rate is set anew for every payment. 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 | Phemex PUMPUSDT | 0.004445 | 0.0100 | pay 0.0050% / 4h | 3h 33m | $2.0M | $4.0M | 20x |
| Short | Hyperliquid PUMP | 0.004449 | 0.0539 | get 0.0067% / 1h | 33m 50s | $166.6M | $53.8M | 10x |
Phemex PUMPUSDT
Hyperliquid PUMPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Phemex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $92.17
- Price spread: +0.090% → +0.080%
- $0.96
- Slippage, 4 orders
- −$60.58
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $11.56
- Costs to cover
- 0.816%
- Break-even
- 6.1 days
Slippage from Phemex: live order book, 5 min ago; Hyperliquid: live order book, 10 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 Phemex live order book, 5 min ago | 7.93 bp | 34.4 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 10 min ago | 1.12 bp | 7.4 bp −$7 | 16.8 bp −$168 | 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 | −0.4490% | 1h | 0.004441 | −0.084% | $20K | $11K | 5x | as long as short |
| Perpl PUMP | −0.0112% | 43m | 0.004443 | −0.045% | $18K | $239K | 20x | as long as short |
| Gate PUMP_USDT | −0.0036% | 4h | 0.004443 | −0.045% | $4.9M | $10.5M | 75x | as long as short |
| gTrade (Gains Network) PUMP/USD | L +0.0003% / S −0.0002% | 1h | 0.004440 | −0.116% | $56K | — | 150x | as long as short |
| Lighter PUMP | +0.0096% | 1h | 0.004448 | +0.067% | $2.9M | $4.8M | 10x | as long as short |
| Popdex PUMPUSDT | +0.0096% | 1h | 0.004400 | −1.012% | $29K | $682K | 20x | as long as short |
| Nado PUMP-PERP | +0.0100% | 1h | 0.004444 | −0.011% | $1.6M | $2.1M | 10x | as long as short |
| Aster PUMPUSDT | +0.0100% | 4h | 0.004446 | +0.022% | $711K | $2.3M | 50x | as long as short |
| Pacifica PUMP | +0.0100% | 1h | 0.004445 | 0.000% | $493K | $824K | 10x | as long as short |
| Binance PUMPUSDT | +0.0100% | 4h | 0.004442 | −0.058% | $81.0M | $170.5M | 75x | as long as short |
dYdX PUMP-USD
Perpl PUMP
Gate PUMP_USDT
gTrade (Gains Network) PUMP/USD
Lighter PUMP
Popdex PUMPUSDT
Nado PUMP-PERP
Aster PUMPUSDT
Pacifica PUMP
Binance PUMPUSDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX PUMP-USDT-SWAP | +0.0100% | 4h | 0.004441 | −0.090% | $24.3M | $97.3M | 50x | as long as short |
| Ondo Perps PUMP-USD.P | +0.0100% | 1h | 0.004431 | −0.324% | $31K | $187K | 5x | as long as short |
| Arcus PUMP-USD | +0.0100% | 1h | 0.004448 | +0.067% | $62K | $99K | 10x | as long as short |
| KuCoin PUMPUSDTM | +0.0100% | 4h | 0.004450 | +0.112% | $23.9M | $13.8M | 50x | as long as short |
| Bitget PUMPUSDT | +0.0100% | 4h | 0.004442 | −0.067% | $17.5M | $20.0M | 75x | as long as short |
| BingX PUMP-USDT | +0.0100% | 4h | 0.004441 | −0.090% | — | $12.8M | — | as long as short |
| Backpack PUMP_USDC_PERP | +0.0100% | 1h | 0.004445 | +0.004% | $793K | $208K | 5x | as long as short |
| edgeX PUMPUSDC | +0.0100% | 4h | 0.004430 | −0.329% | $65K | $3.2M | 20x | as long as short |
| GRVT PUMP_USDT_Perp | +0.0100% | 4h | 0.004414 | −0.697% | $1.2M | $10.4M | 10x | as long as short |
| ApeX Omni PUMPUSDT | +0.0100% | 1h | 0.004435 | −0.225% | $147K | $746K | 50x | as long as short |
| Polymarket Perps PUMP-USD | +0.0100% | 1h | 0.004448 | +0.067% | $105K | $2.1M | 10x | as long as short |
| Orderly PERP_PUMP_USDC | +0.0100% | 4h | 0.004440 | −0.112% | $42K | $11K | 10x | as long as short |
| Derive PUMP-PERP | +0.0100% | 1h | 0.004439 | −0.141% | $5K | $13K | 6.7x | as long as short |
| SunX PUMP-USDT | +0.0100% | 4h | 0.004439 | −0.135% | $1K | $760K | 20x | as long as short |
| SoDEX PUMP-USD | +0.0100% | 1h | 0.004445 | 0.000% | $279 | $7K | 10x | as long as short |
| HTX PUMP-USDT | +0.0100% | 4h | 0.004436 | −0.202% | $21K | $105K | 20x | as long as short |
| Phemex PUMPUSDTlong | +0.0100% | 4h | 0.004445 | long leg | $2.0M | $4.0M | 20x | |
| Paradex PUMP-USD-PERP | +0.0103% | 8h | 0.004449 | +0.079% | $42K | $276 | 5x | as long as short |
| Aevo PUMP-PERP | +0.0104% | 1h | 0.004440 | −0.112% | $66K | $13K | 3x | as long as short |
| Deribit PUMP_USDC-PERPETUAL | +0.0200% | 1h | 0.004442 | −0.067% | $71K | $122K | 25x | as long as short |
| GMX PUMP/USD [WBTC.b-USDC] | L +0.0270% / S −0.0198% | 1h | 0.004438 | −0.157% | $53K | — | 100x | as long as short |
| Extended PUMP-USD | +0.0312% | 1h | 0.004440 | −0.107% | $3.9M | $4.3M | 50x | as long as short |
| BloFin PUMP-USDT | +0.0340% | 4h | 0.004435 | −0.225% | $3.7M | $4.4M | 75x | as long as short |
| Phoenix PUMP | +0.0342% | 1h | 0.004422 | −0.517% | $42K | $119K | 10x | as long as short |
| Reya PUMPRUSDPERP | +0.0344% | 1h | 0.004441 | −0.095% | $2 | — | 3x | as long as short |
| 01 Exchange PUMPUSD | +0.0360% | 1h | 0.004448 | +0.067% | $6K | $600 | 10x | as long as short |
| Injective PUMP/USDC PERP | +0.0419% | 1h | 0.004423 | −0.495% | $38K | $204K | 12x | as long as short |
| Coinbase International PUMP-PERP-INTX | +0.0472% | 1h | 0.004447 | +0.045% | $710K | $5.8M | 50x | as long as short |
| Hyperliquid PUMPshort | +0.0539% | 1h | 0.004449 | +0.090% | $166.6M | $53.8M | 10x | |
| RISEx PUMP/USDC | +0.0638% | 1h | 0.004449 | +0.083% | $529K | $1.0M | 10x | as long as short |
| Kraken Futures PF_PUMPUSD | +0.0659% | 1h | 0.004447 | +0.043% | $1.0M | $3.3M | 50x | as long as short |
| Aftermath Perps PUMPUSD | +0.0996% | 1h | 0.004435 | −0.218% | $499 | $111K | 10x | as long as short |
OKX PUMP-USDT-SWAP
Ondo Perps PUMP-USD.P
Arcus PUMP-USD
KuCoin PUMPUSDTM
Bitget PUMPUSDT
BingX PUMP-USDT
Backpack PUMP_USDC_PERP
edgeX PUMPUSDC
GRVT PUMP_USDT_Perp
ApeX Omni PUMPUSDT
Polymarket Perps PUMP-USD
Orderly PERP_PUMP_USDC
Derive PUMP-PERP
SunX PUMP-USDT
SoDEX PUMP-USD
HTX PUMP-USDT
Paradex PUMP-USD-PERP
Aevo PUMP-PERP
Deribit PUMP_USDC-PERPETUAL
GMX PUMP/USD [WBTC.b-USDC]
Extended PUMP-USD
BloFin PUMP-USDT
Phoenix PUMP
Reya PUMPRUSDPERP
01 Exchange PUMPUSD
Injective PUMP/USDC PERP
Coinbase International PUMP-PERP-INTX
RISEx PUMP/USDC
Kraken Futures PF_PUMPUSD
Aftermath Perps PUMPUSD