PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0056%/8h= −6.2% APRnext payment −$0.07 per $10,000 · paid last 24h +0.043%

Price spread now: Hyperliquid against Deribit+0.153%7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$510.510% of the position

Long on Deribit Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.274%+$27 on $10k

Price spread, last 4 days (all we have)−0.108%−$11 · spread now +0.153%, 7d avg +0.074%

Together, before fees+0.166%+ Points / potential airdropHyperliquid: Season 2 · farm board+$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Hyperliquid is 0.079% dearer against Deribit than usual: you sell high and buy low (spread +0.153% now, against its 7-day average of +0.074%): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.7 days. Mind the row above: over the last 7 days funding on this pair paid +0.274%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit PUMP_USDC-PERPETUAL	0.004561	0.0408	pay 0.0051% / 1h	57m 44s	$70K	$102K	25x
Short	Hyperliquid PUMP	0.004568	0.0352	get 0.0044% / 1h	57m 44s	$170.1M	$47.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Deribit. 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 DeribitbpFee HyperliquidbpOrdersPrice spread, now +0.153%Rate

Funding earned: −$11.85
Price spread: +0.153% → +0.074%: $7.94
Slippage, 4 orders: −$35.02
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$54.93
Costs to cover: 0.510%
Break-even: never at this rate

Slippage from Deribit: live order book, 53 min ago; Hyperliquid: live order book, 9 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 Deribit live order book, 53 min ago	7.73 bp	15.3 bp −$15	25.2 bp −$252	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 9 min ago	1.10 bp	12.3 bp −$12	23.8 bp −$238	doesn't fit	doesn't fit

PUMP on 41 exchanges

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	−0.1245%	1h	0.004554	−0.153%	$21K	$12K	5x	as long as short
Gate PUMP_USDT	−0.0090%	4h	0.004556	−0.110%	$4.9M	$9.6M	75x	as long as short
Perpl PUMP	0.0000%	43m	0.004558	−0.066%	$18K	$268K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004558	−0.076%	$55K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004563	+0.044%	$3.0M	$2.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−1.337%	$33K	$590K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004560	−0.029%	$854K	$2.1M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004558	−0.066%	$519K	$837K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004561	−0.010%	$83.3M	$171.7M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004559	−0.044%	$24.9M	$102.4M	50x	as long as short

Show all 41 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004555	−0.134%	$17K	$152K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004561	0.000%	$51K	$152K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004563	+0.044%	$25.2M	$13.5M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004559	−0.044%	$18.0M	$18.8M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004559	−0.044%	—	$14.5M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004560	−0.024%	$823K	$216K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004556	−0.105%	$68K	$3.3M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004572	+0.233%	$1.3M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004559	−0.044%	$162K	$744K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004562	+0.022%	$108K	$1.7M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004560	−0.022%	$43K	$2K	10x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004560	−0.022%	$2K	$768K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004559	−0.044%	$553	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004546	−0.329%	$23K	$127K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004557	−0.088%	$1.9M	$3.8M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004558	−0.075%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004558	−0.066%	$3.9M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004560	−0.022%	$68K	$10K	3x	as long as short
Nado PUMP-PERP	+0.0172%	1h	0.004556	−0.099%	$1.7M	$2.0M	10x	as long as short
Injective PUMP/USDC PERP	+0.0251%	1h	0.004542	−0.417%	$36K	$205K	12x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0305% / S −0.0278%	1h	0.004551	−0.219%	$66K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0328%	1h	0.004561	0.000%	$6K	$465	10x	as long as short
Phoenix PUMP	+0.0331%	1h	0.004565	+0.081%	$44K	$136K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004555	−0.132%	$3.8M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004556	−0.101%	$2	—	3x	as long as short
Hyperliquid PUMPshort	+0.0352%	1h	0.004568	+0.153%	$170.1M	$47.6M	10x
Deribit PUMP_USDC-PERPETUALlong	+0.0408%	1h	0.004561	long leg	$70K	$102K	25x
Coinbase International PUMP-PERP-INTX	+0.0544%	1h	0.004564	+0.066%	$705K	$6.0M	50x	as long as short
RISEx PUMP/USDC	+0.0558%	1h	0.004560	−0.017%	$581K	$939K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0621%	1h	0.004561	+0.004%	$1.1M	$2.9M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0991%	1h	0.004558	−0.073%	$704	$98K	10x	as long as short