Funding you earn now, next payment 02:00 UTC+0.0304%/8h= +33.3% APRnext payment +$0.38 per $10,000 · paid last 24h +0.011%
Price spread now: Hyperliquid against Popdex+2.442%7-day average +1.366% · 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+$61as in the Price arb table
costs, in and out, $10k−$460.463% of the position
Funding, last 3 days (all we have)+0.018%+$2 on $10k
+Price spread, last 4 days (all we have)−1.606%−$161 · spread now +2.442%, 7d avg +1.366%
=Together, before fees−1.588%+ Points / potential airdropHyperliquid: Season 2 · farm board−$159 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Hyperliquid is 1.076% dearer against Popdex than usual: you sell high and buy low: +$108 more if the spread goes back to its 7-day average of +1.366%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.018% in total (about 1.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.38 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 | Popdex PUMPUSDT | 0.004300 | 0.0096 | pay 0.0012% / 1h | 56m 40s | $26K | $769K | 20x |
| Short | Hyperliquid PUMP | 0.004405 | 0.0400 | get 0.0050% / 1h | 56m 40s | $162.8M | $54.5M | 10x |
Popdex PUMPUSDT
Hyperliquid PUMPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Popdex. 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
- $63.84
- Price spread: +2.442% → +1.366%
- $107.58
- Slippage, 4 orders
- −$30.91
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $125.11
- Costs to cover
- 0.463%
- Break-even
- from the start
Slippage from Popdex: live order book, 12 min ago; Hyperliquid: live order book, 7 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 Popdex live order book, 12 min ago | 1.12 bp | 15.0 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 7 min ago | 1.12 bp | 8.2 bp −$8 | 19.0 bp −$190 | 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 | 0.0000% | 1h | 0.004388 | +2.052% | $20K | $9K | 5x | as long as short |
| Perpl PUMP | 0.0000% | 43m | 0.004409 | +2.535% | $20K | $202K | 20x | as long as short |
| Deribit PUMP_USDC-PERPETUAL | 0.0000% | 1h | 0.004397 | +2.256% | $70K | $124K | 25x | as long as short |
| gTrade (Gains Network) PUMP/USD | L +0.0002% / S −0.0002% | 1h | 0.004398 | +2.280% | $54K | — | 150x | as long as short |
| Orderly PERP_PUMP_USDC | +0.0057% | 4h | 0.004397 | +2.256% | $41K | $10K | 10x | as long as short |
| Lighter PUMP | +0.0096% | 1h | 0.004399 | +2.302% | $2.8M | $5.4M | 10x | as long as short |
| Popdex PUMPUSDTlong | +0.0096% | 1h | 0.004300 | long leg | $26K | $769K | 20x | |
| Aster PUMPUSDT | +0.0100% | 4h | 0.004397 | +2.255% | $704K | $2.3M | 50x | as long as short |
| Pacifica PUMP | +0.0100% | 1h | 0.004391 | +2.116% | $474K | $654K | 10x | as long as short |
| Binance PUMPUSDT | +0.0100% | 4h | 0.004391 | +2.123% | $79.0M | $164.6M | 75x | as long as short |
dYdX PUMP-USD
Perpl PUMP
Deribit PUMP_USDC-PERPETUAL
gTrade (Gains Network) PUMP/USD
Orderly PERP_PUMP_USDC
Lighter PUMP
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 | 0.004384 | +1.953% | $23.4M | $96.2M | 50x | as long as short |
| Ondo Perps PUMP-USD.P | +0.0100% | 1h | 0.004428 | +2.979% | $26K | $167K | 5x | as long as short |
| Arcus PUMP-USD | +0.0100% | 1h | 0.004386 | +2.000% | $40K | $57K | 10x | as long as short |
| Gate PUMP_USDT | +0.0100% | 4h | 0.004385 | +1.977% | $4.8M | $10.3M | 75x | as long as short |
| KuCoin PUMPUSDTM | +0.0100% | 4h | 0.004400 | +2.326% | $23.4M | $13.9M | 50x | as long as short |
| Bitget PUMPUSDT | +0.0100% | 4h | 0.004384 | +1.953% | $17.5M | $19.2M | 75x | as long as short |
| BingX PUMP-USDT | +0.0100% | 4h | 0.004385 | +1.977% | — | $12.9M | — | as long as short |
| Backpack PUMP_USDC_PERP | +0.0100% | 1h | 0.004393 | +2.163% | $787K | $176K | 5x | as long as short |
| edgeX PUMPUSDC | +0.0100% | 4h | 0.004424 | +2.891% | $66K | $3.1M | 20x | as long as short |
| GRVT PUMP_USDT_Perp | +0.0100% | 4h | 0.004427 | +2.964% | $1.2M | $10.3M | 10x | as long as short |
| ApeX Omni PUMPUSDT | +0.0100% | 1h | 0.004427 | +2.953% | $139K | $760K | 50x | as long as short |
| Polymarket Perps PUMP-USD | +0.0100% | 1h | 0.004413 | +2.628% | $102K | $2.0M | 10x | as long as short |
| Derive PUMP-PERP | +0.0100% | 1h | 0.004398 | +2.271% | $5K | $13K | 6.7x | as long as short |
| SunX PUMP-USDT | +0.0100% | 4h | 0.004398 | +2.279% | $2K | $730K | 20x | as long as short |
| SoDEX PUMP-USD | +0.0100% | 1h | 0.004398 | +2.279% | $276 | $7K | 10x | as long as short |
| HTX PUMP-USDT | +0.0100% | 4h | 0.004420 | +2.791% | $21K | $119K | 20x | as long as short |
| Phemex PUMPUSDT | +0.0100% | 4h | 0.004398 | +2.279% | $2.0M | $3.9M | 20x | as long as short |
| Paradex PUMP-USD-PERP | +0.0101% | 8h | 0.004396 | +2.241% | $42K | $276 | 5x | as long as short |
| Extended PUMP-USD | +0.0104% | 1h | 0.004384 | +1.964% | $3.7M | $4.1M | 50x | as long as short |
| Aevo PUMP-PERP | +0.0104% | 1h | 0.004395 | +2.209% | $70K | $11K | 3x | as long as short |
| 01 Exchange PUMPUSD | +0.0224% | 1h | 0.004388 | +2.047% | $6K | $727 | 10x | as long as short |
| Phoenix PUMP | +0.0237% | 1h | 0.004419 | +2.765% | $39K | $95K | 10x | as long as short |
| RISEx PUMP/USDC | +0.0322% | 1h | 0.004388 | +2.047% | $479K | $994K | 10x | as long as short |
| BloFin PUMP-USDT | +0.0340% | 4h | 0.004396 | +2.233% | $3.6M | $4.3M | 75x | as long as short |
| Reya PUMPRUSDPERP | +0.0344% | 1h | 0.004402 | +2.379% | $2 | — | 3x | as long as short |
| GMX PUMP/USD [WBTC.b-USDC] | L +0.0356% / S −0.0296% | 1h | 0.004398 | +2.279% | $73K | — | 100x | as long as short |
| Nado PUMP-PERP | +0.0356% | 1h | 0.004407 | +2.500% | $1.6M | $2.0M | 10x | as long as short |
| Hyperliquid PUMPshort | +0.0400% | 1h | 0.004405 | +2.442% | $162.8M | $54.5M | 10x | |
| Coinbase International PUMP-PERP-INTX | +0.0408% | 1h | 0.004413 | +2.628% | $688K | $5.6M | 50x | as long as short |
| Injective PUMP/USDC PERP | +0.0571% | 1h | 0.004419 | +2.767% | $39K | $203K | 12x | as long as short |
| Aftermath Perps PUMPUSD | +0.0703% | 1h | 0.004438 | +3.217% | $388 | $109K | 10x | as long as short |
| Kraken Futures PF_PUMPUSD | +0.1264% | 1h | 0.004403 | +2.385% | $1.3M | $3.1M | 50x | as long as short |
OKX PUMP-USDT-SWAP
Ondo Perps PUMP-USD.P
Arcus PUMP-USD
Gate PUMP_USDT
KuCoin PUMPUSDTM
Bitget PUMPUSDT
BingX PUMP-USDT
Backpack PUMP_USDC_PERP
edgeX PUMPUSDC
GRVT PUMP_USDT_Perp
ApeX Omni PUMPUSDT
Polymarket Perps PUMP-USD
Derive PUMP-PERP
SunX PUMP-USDT
SoDEX PUMP-USD
HTX PUMP-USDT
Phemex PUMPUSDT
Paradex PUMP-USD-PERP
Extended PUMP-USD
Aevo PUMP-PERP
01 Exchange PUMPUSD
Phoenix PUMP
RISEx PUMP/USDC
BloFin PUMP-USDT
Reya PUMPRUSDPERP
GMX PUMP/USD [WBTC.b-USDC]
Nado PUMP-PERP
Coinbase International PUMP-PERP-INTX
Injective PUMP/USDC PERP
Aftermath Perps PUMPUSD
Kraken Futures PF_PUMPUSD