Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.014%

Price spread now: Hyperliquid against Derive+0.044%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Derive Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.044% dearer against Derive than usual: you sell high and buy low, +$4 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive PUMP-PERP	0.004299	0.0100	pay 0.0013% / 1h	44m 11s	$4K	$13K	6.7x
Short	Hyperliquid PUMP	0.004301	0.0100	get 0.0013% / 1h	44m 11s	$157.2M	$52.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Derive. 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 DerivebpFee HyperliquidbpOrdersPrice spread, now +0.044%Rate

Funding earned: $0
Price spread: +0.044% → 0.000%: $4.42
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$10.58
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; Hyperliquid: live order book, 10 min ago. Net counts fees only.

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 Derive no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 10 min ago	1.16 bp	9.1 bp −$9	18.3 bp −$183	doesn't fit	doesn't fit

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.2741%	1h	0.004299	−0.003%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0549%	1h	0.004297	−0.053%	$769K	$184K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0072%	4h	0.004299	−0.002%	$22.5M	$94.3M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0015%	4h	0.004298	−0.026%	$40K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004293	−0.142%	$19K	$203K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004300	+0.021%	$68K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004299	−0.010%	$54K	—	150x	as long as short
Gate PUMP_USDT	+0.0090%	4h	0.004296	−0.072%	$4.6M	$11.7M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004300	+0.021%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004200	−2.305%	$28K	$774K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004294	−0.120%	$41K	—	5x	as long as short
Hyperliquid PUMPshort	+0.0100%	1h	0.004301	+0.044%	$157.2M	$52.4M	10x
Aster PUMPUSDT	+0.0100%	4h	0.004294	−0.117%	$780K	$2.1M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004295	−0.095%	$446K	$611K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004301	+0.044%	$76.3M	$164.6M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004293	−0.133%	$25K	$182K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004294	−0.119%	$41K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004298	−0.026%	$22.7M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004296	−0.072%	$16.9M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004297	−0.049%	—	$12.8M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004296	−0.074%	$63K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004297	−0.053%	$1.2M	$9.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004297	−0.049%	$136K	$767K	50x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004293	−0.130%	$1.6M	$2.0M	10x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004299	−0.002%	$107K	$1.8M	10x	as long as short
Derive PUMP-PERPlong	+0.0100%	1h	0.004299	long leg	$4K	$13K	6.7x
SunX PUMP-USDT	+0.0100%	4h	0.004298	−0.026%	$1K	$708K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004297	−0.049%	$709	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004292	−0.165%	$21K	$146K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004301	+0.044%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004297	−0.049%	$3.5M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004298	−0.026%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004295	−0.090%	$489K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004300	+0.033%	$38K	$99K	10x	as long as short
01 Exchange PUMPUSD	+0.0136%	1h	0.004295	−0.095%	$6K	$497	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004300	+0.021%	$652K	$5.4M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0303%	1h	0.004303	+0.080%	$179	$107K	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0221%	1h	0.004298	−0.026%	$66K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004293	−0.142%	$3.4M	$3.6M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004297	−0.041%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	+0.579%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0690%	1h	0.004305	+0.128%	$1.3M	$3.5M	50x	as long as short