PUMP

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	TxFlowPUMP-USDC	0.006402	−0.0127	get 0.0016% / 1h	38m 25s	$1.1M	$1.6M	55x	Long TxFlow5% off
SHORT	HyperliquidPUMP	0.006415	+0.0147	get 0.0018% / 1h	38m 25s	$349.5M	$140.0M	10x	Short Hyperliquid4% off

Price gap+0.203%

Funding gap+0.0274% /8h

Both sides work: funding pays +$8 a day on $10k, and the gap is 0.210% above its 7d average: +$21 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$1+0.0274% /8h now · paid +0.010% over the last 4 hours (all we have)

Price+$21spread +0.203% now, avg −0.007% → +0.210% if it goes back

Costs−$290.290% of $10k · taker + slippage, in and out

Result−$7−0.07%+ Points / potential airdropTxFlow: points · Hyperliquid: Season 2 · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.203%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

PUMP on 43 exchanges

lowest funding first

Before you open

5 ok · 1 to watch

OK: Fits both order books6.2 / 7.7 bp
Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
Note: Margin at max leverage$182 + $1,000
TxFlow 55x, Hyperliquid 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: +$8.22Long TxFlow: 24 payments, +$3.81; short Hyperliquid: 24 payments, +$4.41.
OK: Entry gap works for you+0.203% vs −0.007%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$1.1M vs $349.5M OI
TxFlow sets your exit cost. Check its book before closing.
OK: Points on a legTxFlow points · Hyperliquid Season 2
Volume here counts toward the points program.
OK: No KYC on either legTxFlow No · Hyperliquid No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0188%/8h × 21 periods+$39.57

Price spread+0.203% → −0.007% (7d avg)+$20.98

Slippage, 4 orderslive order books−$10.98

Fee TxFlow bp × 2 orders−$9.00

Fee Hyperliquid bp × 2 orders−$9.00

Net · 7 days · $10k+$31.57

Costs to cover0.290%Break-even1.4 days

Slippage: TxFlow: live order book, 5 min ago; Hyperliquid: live order book, 6 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGTxFlow0.786.2 bp−$610.1 bp−$10149.0 bp−$4,897283.6 bp−$141.8K

SELL · SHORTHyperliquid0.787.7 bp−$816.6 bp−$16649.3 bp−$4,932169.0 bp−$84.5K

Closing costs about the same again.

PUMP news

posts that mention PUMP, from every exchangeSearch all news →

10-02 18:46	RISEx	Other	$PUMP still lived up to the name +49.6%. $LIT was anything but -23.9%, the week's worst. Make of that what you will for this week @risextrade on X ↗
10-02 06:00	Derive	Other	Not a bad way to kick off October. $260M traded on Derive on October 1st. The two biggest prints: - 250x BTC 87K/90K call spread, Oct 9 ($42M notional) - 5,000x ETH 3,000/3,300 call spread, Oct 16 ($27M notional) Newer markets: 143 trades on $LIT, 44 on $PUMP. @DeriveXYZ on X ↗
10-01 00:11	Derive	Token	September at Derive: ➤ Leadership. @APvanvoorhees joined as Chief Legal and Compliance Officer, bringing 20+ years in capital markets and derivatives law. ➤ Record month. $1.7B in a week, $4.8B for September. ➤ New markets. LIT, PUMP and VVV markets went live, with liquidity ramping ahead of V3. ➤ Governance. Proposals went live for the V3 launch and increasing the share of protocol revenue allocated to $DRV buybacks from 35% to 50%. ➤ fomo. Derive joined @fomo, giving users another way to follow our updates. ➤ Bitvavo listing. $DRV went live for eligible users in supported regions. Next: Derive V3. @DeriveXYZ on X ↗
09-30 10:00	Binance	Contest	Don't sit this one out. ⏳ PUMP/USDC Spot Trading Tournament is live. Up to 50,000,000 $PUMP Token Vouchers are up for grabs. Join now → @binance on X ↗
09-28 15:17	OKX	Other	New X Drops just went live in Europe. Trade XDP, HYPE, TAO, LINK, PUMP, UNI, LTC, DOGE, FET, or AAVE for a share of 23M $XDP. $XDP trades get a 3× boost. @okx on X ↗
09-28 15:16	Phoenix	Contest	It’s Solana Ecosystem week on Frontier Traders. Trade SOL, JUP, PUMP, SKR, MET, ANSEM, STONK, JTO, and FARTCOIN perpetuals on Phoenix to compete for a $25,000 prize pool across Volume and PnL leaderboards. @PhoenixTrade on X ↗