PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0110%/8h= −12.1% APRnext payment −$0.14 per $10,000 · paid last 24h −0.032%

Price spread now: Hyperliquid against RISEx−0.200%50s7-day average +0.023% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$300.300% of the position

Long on RISEx Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.174%−$17 on $10k

Price spread, last 7 days+0.168%+$17 · spread now −0.200%, 7d avg +0.023%

Together, before fees−0.006%+ Points / potential airdropHyperliquid: Season 2 · farm board−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Hyperliquid is 0.223% cheaper against RISEx than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of +0.023%). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx PUMP/USDC	0.004498	0.0682	pay 0.0085% / 1h	43m 51s	$534K	$1.0M	10x
Short	Hyperliquid PUMP	0.004489	0.0572	get 0.0072% / 1h	43m 51s	$168.4M	$48.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against RISEx. 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 RISExbpFee HyperliquidbpOrdersPrice spread, now −0.200%Rate

Funding earned: −$23.12
Price spread: −0.200% → +0.023%: −$22.32
Slippage, 4 orders: −$15.04
Fee RISEx: 3 bp × 2 orders: −$6
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$75.48
Costs to cover: 0.300%
Break-even: never at this rate

Slippage from RISEx: 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 RISEx live order book, 5 min ago	2.22 bp	5.2 bp −$5	10.8 bp −$108	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 10 min ago	1.12 bp	9.2 bp −$9	18.1 bp −$181	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	−0.0017%	1h	0.004490	−0.174%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004494	−0.089%	$18K	$237K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004494	−0.089%	$70K	$115K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004494	−0.079%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0044%	4h	0.004478	−0.445%	$5.0M	$10.3M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004482	−0.356%	$2.9M	$4.6M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−2.179%	$28K	$617K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004494	−0.078%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004479	−0.421%	$716K	$2.1M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004494	−0.089%	$538K	$761K	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	0.004479	−0.421%	$81.7M	$163.8M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004477	−0.467%	$24.6M	$94.2M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004498	+0.009%	$32K	$168K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004496	−0.044%	$65K	$101K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004484	−0.311%	$24.0M	$13.6M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004481	−0.378%	$17.8M	$18.5M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004477	−0.467%	—	$13.7M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004492	−0.131%	$805K	$201K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004495	−0.063%	$66K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004504	+0.134%	$1.3M	$10.1M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004499	+0.022%	$152K	$746K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004498	0.000%	$111K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004493	−0.111%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004493	−0.120%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004493	−0.111%	$2K	$735K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004492	−0.133%	$282	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004486	−0.267%	$21K	$93K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004493	−0.111%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0103%	8h	0.004498	+0.005%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004490	−0.178%	$67K	$10K	3x	as long as short
Extended PUMP-USD	+0.0144%	1h	0.004480	−0.393%	$3.8M	$3.7M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0272% / S −0.0200%	1h	0.004493	−0.111%	$54K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0320%	1h	0.004497	−0.022%	$6K	$600	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004490	−0.178%	$3.7M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004495	−0.072%	$2	—	3x	as long as short
Phoenix PUMP	+0.0356%	1h	0.004499	+0.031%	$46K	$119K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0480%	1h	0.004501	+0.067%	$723K	$5.5M	50x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004502	+0.089%	$39K	$204K	12x	as long as short
Hyperliquid PUMPshort	+0.0572%	1h	0.004489	−0.200%	$168.4M	$48.4M	10x
RISEx PUMP/USDClong	+0.0682%	1h	0.004498	long leg	$534K	$1.0M	10x
Kraken Futures PF_PUMPUSD	+0.0815%	1h	0.004494	−0.098%	$1.0M	$3.2M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1091%	1h	0.004496	−0.045%	$521	$102K	10x	as long as short