Funding you earn now, next payment 02:00 UTC−0.0581%/8h= −63.6% APRnext payment −$0.73 per $10,000 · paid last 24h −0.017%
Price spread now: Popdex against Hyperliquid−0.903%7-day average −1.359% · 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$0as in the Price arb table
costs, in and out, $10k−$450.455% of the position
Funding, last 3 days (all we have)−0.024%−$2 on $10k
+Price spread, last 4 days (all we have)+0.137%+$14 · spread now −0.903%, 7d avg −1.359%
=Together, before fees+0.113%+ Points / potential airdropHyperliquid: Season 2 · farm board+$11 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Popdex is 0.456% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.903% now, against its 7-day average of −1.359%): +$46 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 2.6 days. At the pace of the last 3 days (−0.024% in total) that is about 2 months.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.024% in total (about -2.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.73 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid PUMP | 0.004541 | 0.0677 | pay 0.0085% / 1h | 25m 10s | $169.8M | $55.3M | 10x |
| Short | Popdex PUMPUSDT | 0.004500 | 0.0096 | get 0.0012% / 1h | 25m 10s | $31K | $771K | 20x |
Hyperliquid PUMP
Popdex PUMPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex against Hyperliquid. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$121.91
- Price spread: −0.903% → −1.359%
- $45.57
- Slippage, 4 orders
- −$30.1
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$121.83
- Costs to cover
- 0.455%
- Break-even
- from the start
Slippage from Hyperliquid: live order book, 9 min ago; Popdex: live order book, 44 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 Hyperliquid live order book, 9 min ago | 1.12 bp | 5.6 bp −$6 | 19.7 bp −$197 | doesn't fit | doesn't fit |
| Sell Popdex live order book, 44 min ago | 1.12 bp | 12.3 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
PUMP on 41 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 | −0.2802% | 1h | 0.004507 | −0.743% | $21K | $9K | 5x | as long as short |
| Perpl PUMP | 0.0000% | 43m | 0.004525 | −0.352% | $18K | $209K | 20x | as long as short |
| gTrade (Gains Network) PUMP/USD | L +0.0002% / S −0.0002% | 1h | 0.004529 | −0.267% | $55K | — | 150x | as long as short |
| Orderly PERP_PUMP_USDC | +0.0070% | 4h | 0.004537 | −0.088% | $43K | $10K | 10x | as long as short |
| Lighter PUMP | +0.0096% | 1h | 0.004536 | −0.110% | $2.9M | $5.5M | 10x | as long as short |
| Popdex PUMPUSDTshort | +0.0096% | 1h | 0.004500 | −0.903% | $31K | $771K | 20x | |
| Nado PUMP-PERP | +0.0100% | 1h | 0.004525 | −0.341% | $1.7M | $2.0M | 10x | as long as short |
| Aster PUMPUSDT | +0.0100% | 4h | 0.004527 | −0.316% | $733K | $2.4M | 50x | as long as short |
| Pacifica PUMP | +0.0100% | 1h | 0.004512 | −0.639% | $495K | $662K | 10x | as long as short |
| Binance PUMPUSDT | +0.0100% | 4h | 0.004528 | −0.297% | $81.8M | $166.6M | 75x | as long as short |
dYdX PUMP-USD
Perpl PUMP
gTrade (Gains Network) PUMP/USD
Orderly PERP_PUMP_USDC
Lighter PUMP
Nado PUMP-PERP
Aster PUMPUSDT
Pacifica PUMP
Binance PUMPUSDTShow all 41 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX PUMP-USDT-SWAP | +0.0100% | 4h | 0.004530 | −0.242% | $24.6M | $99.7M | 50x | as long as short |
| Ondo Perps PUMP-USD.P | +0.0100% | 1h | 0.004495 | −1.015% | $21K | $171K | 5x | as long as short |
| Arcus PUMP-USD | +0.0100% | 1h | 0.004515 | −0.573% | $40K | $63K | 10x | as long as short |
| Gate PUMP_USDT | +0.0100% | 4h | 0.004531 | −0.220% | $4.9M | $11.0M | 75x | as long as short |
| KuCoin PUMPUSDTM | +0.0100% | 4h | 0.004539 | −0.044% | $24.2M | $13.9M | 50x | as long as short |
| Bitget PUMPUSDT | +0.0100% | 4h | 0.004531 | −0.220% | $17.9M | $19.6M | 75x | as long as short |
| BingX PUMP-USDT | +0.0100% | 4h | 0.004532 | −0.198% | — | $12.9M | — | as long as short |
| Backpack PUMP_USDC_PERP | +0.0100% | 1h | 0.004533 | −0.187% | $804K | $188K | 5x | as long as short |
| edgeX PUMPUSDC | +0.0100% | 4h | 0.004504 | −0.807% | $66K | $3.1M | 20x | as long as short |
| GRVT PUMP_USDT_Perp | +0.0100% | 4h | 0.004508 | −0.736% | $1.3M | $10.4M | 10x | as long as short |
| ApeX Omni PUMPUSDT | +0.0100% | 1h | 0.004481 | −1.321% | $139K | $754K | 50x | as long as short |
| Polymarket Perps PUMP-USD | +0.0100% | 1h | 0.004528 | −0.286% | $85K | $2.1M | 10x | as long as short |
| Derive PUMP-PERP | +0.0100% | 1h | 0.004534 | −0.159% | $5K | $13K | 6.7x | as long as short |
| SunX PUMP-USDT | +0.0100% | 4h | 0.004535 | −0.132% | $2K | $738K | 20x | as long as short |
| SoDEX PUMP-USD | +0.0100% | 1h | 0.004535 | −0.132% | $285 | $7K | 10x | as long as short |
| HTX PUMP-USDT | +0.0100% | 4h | 0.004532 | −0.198% | $22K | $118K | 20x | as long as short |
| Phemex PUMPUSDT | +0.0100% | 4h | 0.004532 | −0.198% | $2.1M | $3.9M | 20x | as long as short |
| Paradex PUMP-USD-PERP | +0.0102% | 8h | 0.004517 | −0.527% | $43K | $276 | 5x | as long as short |
| Extended PUMP-USD | +0.0104% | 1h | 0.004535 | −0.126% | $3.8M | $4.1M | 50x | as long as short |
| Aevo PUMP-PERP | +0.0104% | 1h | 0.004532 | −0.198% | $72K | $8K | 3x | as long as short |
| Phoenix PUMP | +0.0235% | 1h | 0.004518 | −0.495% | $42K | $103K | 10x | as long as short |
| 01 Exchange PUMPUSD | +0.0264% | 1h | 0.004522 | −0.418% | $6K | $727 | 10x | as long as short |
| RISEx PUMP/USDC | +0.0322% | 1h | 0.004518 | −0.517% | $556K | $1.0M | 10x | as long as short |
| Reya PUMPRUSDPERP | +0.0344% | 1h | 0.004528 | −0.291% | $2 | — | 3x | as long as short |
| GMX PUMP/USD [WBTC.b-USDC] | L +0.0361% / S −0.0291% | 1h | 0.004529 | −0.264% | $73K | — | 100x | as long as short |
| Coinbase International PUMP-PERP-INTX | +0.0408% | 1h | 0.004541 | 0.000% | $721K | $5.9M | 50x | as long as short |
| Deribit PUMP_USDC-PERPETUAL | +0.0412% | 1h | 0.004537 | −0.088% | $72K | $124K | 25x | as long as short |
| Injective PUMP/USDC PERP | +0.0571% | 1h | 0.004518 | −0.506% | $39K | $203K | 12x | as long as short |
| Hyperliquid PUMPlong | +0.0677% | 1h | 0.004541 | long leg | $169.8M | $55.3M | 10x | |
| Aftermath Perps PUMPUSD | +0.0748% | 1h | 0.004492 | −1.070% | $595 | $110K | 10x | as long as short |
| Kraken Futures PF_PUMPUSD | +0.1225% | 1h | 0.004543 | +0.036% | $1.3M | $3.1M | 50x | as long as short |
OKX PUMP-USDT-SWAP
Ondo Perps PUMP-USD.P
Arcus PUMP-USD
Gate PUMP_USDT
KuCoin PUMPUSDTM
Bitget PUMPUSDT
BingX PUMP-USDT
Backpack PUMP_USDC_PERP
edgeX PUMPUSDC
GRVT PUMP_USDT_Perp
ApeX Omni PUMPUSDT
Polymarket Perps PUMP-USD
Derive PUMP-PERP
SunX PUMP-USDT
SoDEX PUMP-USD
HTX PUMP-USDT
Phemex PUMPUSDT
Paradex PUMP-USD-PERP
Extended PUMP-USD
Aevo PUMP-PERP
Phoenix PUMP
01 Exchange PUMPUSD
RISEx PUMP/USDC
Reya PUMPRUSDPERP
GMX PUMP/USD [WBTC.b-USDC]
Coinbase International PUMP-PERP-INTX
Deribit PUMP_USDC-PERPETUAL
Injective PUMP/USDC PERP
Aftermath Perps PUMPUSD
Kraken Futures PF_PUMPUSD