PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0033%/8h= −3.6% APRnext payment −$0.04 per $10,000 · paid last 24h +0.377%

Price spread now: Hyperliquid against Injective+0.091%7-day average +0.160% · you sell dearer than you buy

Net, funding: paid 7d − costs+$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$960.963% of the position

Long on Injective Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+1.280%+$128 on $10k

Price spread, last 3 days (all we have)−0.033%−$3 · spread now +0.091%, 7d avg +0.160%

Together, before fees+1.247%+ Points / potential airdropHyperliquid: Season 2 · farm board+$125 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Hyperliquid is 0.068% cheaper against Injective than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.160%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.280%, 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	Injective PUMP/USDC PERP	0.004382	0.0182	pay 0.0023% / 1h	3m 05s	$39K	$207K	12x
Short	Hyperliquid PUMP	0.004386	0.0150	get 0.0019% / 1h	3m 05s	$161.2M	$53.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Injective. 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 InjectivebpFee HyperliquidbpOrdersPrice spread, now +0.091%Rate

Funding earned: −$6.86
Price spread: +0.091% → +0.160%: −$6.84
Slippage, 4 orders: −$87.3
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$110.02
Costs to cover: 0.963%
Break-even: never at this rate

Slippage from Injective: live order book, 11 min ago; Hyperliquid: live order book, 11 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 Injective live order book, 11 min ago	25.16 bp	43.3 bp −$43	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 11 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	−0.0046%	1h	0.004379	−0.059%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004384	+0.046%	$18K	$207K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004386	+0.091%	$70K	$125K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004383	+0.029%	$55K	—	150x	as long as short
OKX PUMP-USDT-SWAP	+0.0027%	4h	0.004380	−0.046%	$23.0M	$97.3M	50x	as long as short
Orderly PERP_PUMP_USDC	+0.0031%	4h	0.004383	+0.023%	$41K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004382	0.000%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.871%	$31K	$774K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004380	−0.038%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004382	+0.011%	$1.6M	$2.0M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PUMPUSDT	+0.0100%	4h	0.004383	+0.015%	$730K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004381	−0.023%	$459K	$604K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004380	−0.036%	$78.3M	$164.7M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004375	−0.157%	$26K	$165K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004382	0.000%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004380	−0.046%	$4.7M	$11.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004385	+0.068%	$23.3M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004381	−0.023%	$17.5M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004381	−0.023%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004381	−0.023%	$780K	$182K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004375	−0.159%	$65K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004377	−0.107%	$1.2M	$10.0M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004377	−0.114%	$138K	$761K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004387	+0.114%	$96K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004385	+0.065%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004384	+0.046%	$2K	$722K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004382	0.000%	$280	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004375	−0.160%	$21K	$137K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004381	−0.023%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004382	−0.007%	$3.6M	$3.6M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004381	−0.023%	$72K	$18K	3x	as long as short
Hyperliquid PUMPshort	+0.0150%	1h	0.004386	+0.091%	$161.2M	$53.3M	10x
Phoenix PUMP	+0.0164%	1h	0.004381	−0.025%	$39K	$100K	10x	as long as short
Injective PUMP/USDC PERPlong	+0.0182%	1h	0.004382	long leg	$39K	$207K	12x
RISEx PUMP/USDC	+0.0194%	1h	0.004383	+0.022%	$489K	$1.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0208%	1h	0.004384	+0.046%	$6K	$830	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0312%	1h	0.004385	+0.068%	$695K	$5.6M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0340% / S −0.0281%	1h	0.004384	+0.046%	$74K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004378	−0.091%	$3.5M	$4.1M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004382	−0.003%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0486%	1h	0.004379	−0.067%	$382	$106K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0861%	1h	0.004388	+0.130%	$1.3M	$3.5M	50x	as long as short