Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0045%/8h= +5.0% APRpaid last 24h +0.010%

Price spread now: Hyperliquid against BingX+0.137%7-day average +0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$360.359% of the position

Long on BingX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 7 days−0.051%−$5 · spread now +0.137%, 7d avg +0.068%

Together, before fees−0.077%+ Points / potential airdropHyperliquid: Season 2 · farm board−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hyperliquid is 0.069% dearer against BingX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PUMP-USDT	0.004375	0.0100	pay 0.0050% / 4h	7m 24s	—	$12.9M	—
Short	Hyperliquid PUMP	0.004381	0.0145	get 0.0018% / 1h	7m 24s	$161.0M	$53.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against BingX. 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 BingXbpFee HyperliquidbpOrdersPrice spread, now +0.137%Rate

Funding earned: $9.53
Price spread: +0.137% → +0.068%: $6.89
Slippage, 4 orders: −$16.86
Fee BingX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$19.44
Costs to cover: 0.359%
Break-even: 21.3 days

Slippage from BingX: live order book, 6 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 BingX live order book, 6 min ago	2.29 bp	9.0 bp −$9	12.4 bp −$124	42.8 bp −$4,279	175.2 bp −$87.6K
Sell Hyperliquid live order book, 7 min ago	1.14 bp	8.9 bp −$9	19.6 bp −$196	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	−0.0048%	1h	0.004384	+0.206%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004375	0.000%	$18K	$207K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004385	+0.229%	$70K	$125K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004377	+0.048%	$55K	—	150x	as long as short
OKX PUMP-USDT-SWAP	+0.0017%	4h	0.004375	0.000%	$22.9M	$97.3M	50x	as long as short
Orderly PERP_PUMP_USDC	+0.0025%	4h	0.004375	0.000%	$41K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004377	+0.046%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.714%	$31K	$773K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004376	+0.013%	$42K	—	5x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004376	+0.023%	$726K	$2.3M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PUMP	+0.0100%	1h	0.004378	+0.069%	$459K	$604K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004375	0.000%	$78.2M	$164.7M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004380	+0.110%	$26K	$165K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004375	0.000%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004375	0.000%	$4.7M	$11.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004378	+0.069%	$23.3M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004377	+0.046%	$17.5M	$19.2M	75x	as long as short
BingX PUMP-USDTlong	+0.0100%	4h	0.004375	long leg	—	$12.9M	—
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004382	+0.162%	$781K	$182K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004375	−0.011%	$65K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004378	+0.062%	$1.2M	$10.0M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004378	+0.069%	$138K	$762K	50x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004374	−0.011%	$1.6M	$2.0M	10x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004378	+0.069%	$96K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004384	+0.208%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004384	+0.206%	$2K	$721K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004382	+0.160%	$280	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004373	−0.046%	$21K	$137K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004382	+0.160%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004374	−0.031%	$3.6M	$3.6M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004383	+0.183%	$72K	$18K	3x	as long as short
Hyperliquid PUMPshort	+0.0145%	1h	0.004381	+0.137%	$161.0M	$53.3M	10x
Phoenix PUMP	+0.0164%	1h	0.004380	+0.126%	$39K	$100K	10x	as long as short
Injective PUMP/USDC PERP	+0.0182%	1h	0.004382	+0.160%	$39K	$207K	12x	as long as short
RISEx PUMP/USDC	+0.0194%	1h	0.004376	+0.011%	$489K	$1.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0208%	1h	0.004377	+0.046%	$6K	$830	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0312%	1h	0.004381	+0.137%	$694K	$5.5M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0330% / S −0.0259%	1h	0.004375	0.000%	$71K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004379	+0.091%	$3.5M	$4.1M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004375	−0.003%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0482%	1h	0.004376	+0.022%	$382	$106K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0861%	1h	0.004387	+0.267%	$1.3M	$3.5M	50x	as long as short