PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0077%/8h= −8.5% APRnext payment −$0.10 per $10,000 · paid last 24h +0.040%

Price spread now: Hyperliquid against Nado−0.164%7-day average +0.012% · 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−$53as in the Price arb table

costs, in and out, $10k−$360.356% of the position

Long on Nado Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.049%+$5 on $10k

Price spread, last 7 days+0.127%+$13 · spread now −0.164%, 7d avg +0.012%

Together, before fees+0.176%+ Points / potential airdropNado: Active · Hyperliquid: Season 2 · farm board+$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Hyperliquid is 0.176% cheaper against Nado than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.012%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado PUMP-PERP	0.004574	0.0428	pay 0.0053% / 1h	58m 21s	$1.7M	$2.1M	10x
Short	Hyperliquid PUMP	0.004567	0.0350	get 0.0044% / 1h	58m 21s	$170.8M	$51.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Nado. 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 NadobpFee HyperliquidbpOrdersPrice spread, now −0.164%Rate

Funding earned: −$16.27
Price spread: −0.164% → +0.012%: −$17.61
Slippage, 4 orders: −$19.63
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$69.51
Costs to cover: 0.356%
Break-even: never at this rate

Slippage from Nado: live order book, 5 min ago; Hyperliquid: live order book, 6 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 Nado live order book, 5 min ago	1.10 bp	7.4 bp −$7	17.5 bp −$175	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 6 min ago	2.19 bp	9.9 bp −$10	18.5 bp −$185	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	0.0000%	1h	0.004569	−0.120%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004563	−0.251%	$18K	$272K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004579	+0.108%	$55K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004568	−0.142%	$3.0M	$4.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−1.629%	$30K	$659K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004567	−0.170%	$862K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004567	−0.164%	$524K	$879K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004572	−0.045%	$83.7M	$176.4M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004578	+0.077%	$25.1M	$104.8M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004575	+0.020%	$27K	$164K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus PUMP-USD	+0.0100%	1h	0.004567	−0.164%	$50K	$140K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004565	−0.208%	$4.9M	$9.8M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004575	+0.011%	$24.8M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004578	+0.077%	$17.9M	$19.3M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004574	−0.011%	—	$14.3M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004566	−0.179%	$819K	$208K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004561	−0.290%	$67K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004572	−0.055%	$1.3M	$11.0M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004561	−0.295%	$162K	$747K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004562	−0.273%	$107K	$2.3M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004579	+0.098%	$43K	$2K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004565	−0.206%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004565	−0.208%	$2K	$786K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004565	−0.208%	$254	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004566	−0.186%	$22K	$84K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004567	−0.164%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0103%	8h	0.004567	−0.168%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004563	−0.244%	$3.8M	$3.8M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004576	+0.033%	$68K	$10K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0274%	1h	0.004565	−0.208%	$65K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004567	−0.164%	$3.8M	$4.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004568	−0.145%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0344%	1h	0.004572	−0.055%	$38K	$204K	12x	as long as short
Hyperliquid PUMPshort	+0.0350%	1h	0.004567	−0.164%	$170.8M	$51.1M	10x
Phoenix PUMP	+0.0410%	1h	0.004567	−0.168%	$44K	$138K	10x	as long as short
01 Exchange PUMPUSD	+0.0424%	1h	0.004566	−0.186%	$6K	$600	10x	as long as short
Nado PUMP-PERPlong	+0.0428%	1h	0.004574	long leg	$1.7M	$2.1M	10x
Coinbase International PUMP-PERP-INTX	+0.0544%	1h	0.004576	+0.033%	$739K	$6.1M	50x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0627%	1h	0.004567	−0.164%	$70K	$116K	25x	as long as short
RISEx PUMP/USDC	+0.0741%	1h	0.004565	−0.208%	$532K	$1.1M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0811%	1h	0.004567	−0.161%	$1.1M	$3.5M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1013%	1h	0.004569	−0.129%	$706	$111K	10x	as long as short