Funding you earn now, next payment 04:00 UTC+0.0382%/8h= +41.9% APRnext payment +$0.48 per $10,000 · paid last 24h +0.059%
Price spread now: Hyperliquid against Polymarket Perps−0.135%7-day average +0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$380.384% of the position
Funding, last 7 days+0.175%+$18 on $10k
+Price spread, last 7 days+0.066%+$7 · spread now −0.135%, 7d avg +0.042%
=Together, before fees+0.241%+ Points / potential airdropHyperliquid: Season 2 · farm board+$24 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.177% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.135% now, against its 7-day average of +0.042%). If the spread goes back, that is −$18 on $10k: about 37 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.175% in total) that is about 7.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.175% in total (about 9.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.48 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 | Polymarket Perps PUMP-USD | 0.004446 | 0.0100 | pay 0.0013% / 1h | 0m 09s | $103K | $2.1M | 10x |
| Short | Hyperliquid PUMP | 0.004440 | 0.0482 | get 0.0060% / 1h | 0m 09s | $166.5M | $55.0M | 10x |
Polymarket Perps PUMP-USD
Hyperliquid PUMPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Polymarket Perps. 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
- $80.29
- Price spread: −0.135% → +0.042%
- −$17.73
- Slippage, 4 orders
- −$21.4
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $24.16
- Costs to cover
- 0.384%
- Break-even
- 4.9 days
Slippage from Polymarket Perps: live order book, 4 min ago; Hyperliquid: live order book, 4 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 Polymarket Perps live order book, 4 min ago | 3.37 bp | 7.4 bp −$7 | 8.9 bp −$89 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 2.25 bp | 10.4 bp −$10 | 19.2 bp −$192 | 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 | −0.5216% | 1h | 0.004445 | −0.018% | $20K | $9K | 5x | as long as short |
| Perpl PUMP | −0.0112% | 43m | 0.004442 | −0.090% | $18K | $238K | 20x | as long as short |
| gTrade (Gains Network) PUMP/USD | L +0.0002% / S −0.0002% | 1h | 0.004437 | −0.205% | $53K | — | 150x | as long as short |
| Lighter PUMP | +0.0096% | 1h | 0.004438 | −0.180% | $2.9M | $5.5M | 10x | as long as short |
| Popdex PUMPUSDT | +0.0096% | 1h | 0.004400 | −1.035% | $29K | $767K | 20x | as long as short |
| Nado PUMP-PERP | +0.0100% | 1h | 0.004443 | −0.056% | $1.6M | $2.1M | 10x | as long as short |
| Aster PUMPUSDT | +0.0100% | 4h | 0.004444 | −0.051% | $704K | $2.3M | 50x | as long as short |
| Pacifica PUMP | +0.0100% | 1h | 0.004444 | −0.045% | $498K | $823K | 10x | as long as short |
| Binance PUMPUSDT | +0.0100% | 4h | 0.004436 | −0.216% | $80.8M | $172.7M | 75x | as long as short |
| OKX PUMP-USDT-SWAP | +0.0100% | 4h | 0.004433 | −0.292% | $24.1M | $97.7M | 50x | as long as short |
dYdX PUMP-USD
Perpl PUMP
gTrade (Gains Network) PUMP/USD
Lighter PUMP
Popdex PUMPUSDT
Nado PUMP-PERP
Aster PUMPUSDT
Pacifica PUMP
Binance PUMPUSDT
OKX PUMP-USDT-SWAPShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps PUMP-USD.P | +0.0100% | 1h | 0.004443 | −0.076% | $31K | $193K | 5x | as long as short |
| Arcus PUMP-USD | +0.0100% | 1h | 0.004444 | −0.045% | $62K | $99K | 10x | as long as short |
| Gate PUMP_USDT | +0.0100% | 4h | 0.004437 | −0.202% | $4.9M | $11.5M | 75x | as long as short |
| KuCoin PUMPUSDTM | +0.0100% | 4h | 0.004439 | −0.157% | $23.7M | $13.9M | 50x | as long as short |
| Bitget PUMPUSDT | +0.0100% | 4h | 0.004434 | −0.270% | $17.5M | $20.1M | 75x | as long as short |
| BingX PUMP-USDT | +0.0100% | 4h | 0.004439 | −0.157% | — | $12.9M | — | as long as short |
| Backpack PUMP_USDC_PERP | +0.0100% | 1h | 0.004434 | −0.279% | $791K | $208K | 5x | as long as short |
| edgeX PUMPUSDC | +0.0100% | 4h | 0.004445 | −0.027% | $65K | $3.2M | 20x | as long as short |
| GRVT PUMP_USDT_Perp | +0.0100% | 4h | 0.004447 | +0.022% | $1.2M | $10.5M | 10x | as long as short |
| ApeX Omni PUMPUSDT | +0.0100% | 1h | 0.004445 | −0.022% | $147K | $757K | 50x | as long as short |
| Polymarket Perps PUMP-USDlong | +0.0100% | 1h | 0.004446 | long leg | $103K | $2.1M | 10x | |
| Orderly PERP_PUMP_USDC | +0.0100% | 4h | 0.004436 | −0.225% | $42K | $11K | 10x | as long as short |
| Derive PUMP-PERP | +0.0100% | 1h | 0.004435 | −0.239% | $5K | $13K | 6.7x | as long as short |
| SunX PUMP-USDT | +0.0100% | 4h | 0.004440 | −0.135% | $1K | $768K | 20x | as long as short |
| SoDEX PUMP-USD | +0.0100% | 1h | 0.004436 | −0.225% | $278 | $7K | 10x | as long as short |
| HTX PUMP-USDT | +0.0100% | 4h | 0.004443 | −0.067% | $21K | $105K | 20x | as long as short |
| Phemex PUMPUSDT | +0.0100% | 4h | 0.004439 | −0.157% | $2.0M | $4.0M | 20x | as long as short |
| Paradex PUMP-USD-PERP | +0.0101% | 8h | 0.004443 | −0.075% | $42K | $276 | 5x | as long as short |
| Aevo PUMP-PERP | +0.0104% | 1h | 0.004435 | −0.247% | $66K | $13K | 3x | as long as short |
| Deribit PUMP_USDC-PERPETUAL | +0.0201% | 1h | 0.004438 | −0.180% | $70K | $122K | 25x | as long as short |
| GMX PUMP/USD [WBTC.b-USDC] | L +0.0270% / S −0.0198% | 1h | 0.004435 | −0.247% | $53K | — | 100x | as long as short |
| 01 Exchange PUMPUSD | +0.0288% | 1h | 0.004445 | −0.022% | $6K | $625 | 10x | as long as short |
| Extended PUMP-USD | +0.0312% | 1h | 0.004436 | −0.219% | $3.9M | $4.3M | 50x | as long as short |
| BloFin PUMP-USDT | +0.0340% | 4h | 0.004445 | −0.022% | $3.6M | $4.5M | 75x | as long as short |
| Reya PUMPRUSDPERP | +0.0344% | 1h | 0.004441 | −0.117% | $2 | — | 3x | as long as short |
| Phoenix PUMP | +0.0345% | 1h | 0.004430 | −0.355% | $42K | $120K | 10x | as long as short |
| Coinbase International PUMP-PERP-INTX | +0.0440% | 1h | 0.004450 | +0.090% | $707K | $5.9M | 50x | as long as short |
| Hyperliquid PUMPshort | +0.0482% | 1h | 0.004440 | −0.135% | $166.5M | $55.0M | 10x | |
| RISEx PUMP/USDC | +0.0570% | 1h | 0.004444 | −0.045% | $528K | $1.0M | 10x | as long as short |
| Injective PUMP/USDC PERP | +0.0706% | 1h | 0.004448 | +0.045% | $38K | $204K | 12x | as long as short |
| Kraken Futures PF_PUMPUSD | +0.0798% | 1h | 0.004438 | −0.187% | $1.0M | $3.4M | 50x | as long as short |
| Aftermath Perps PUMPUSD | +0.1012% | 1h | 0.004441 | −0.106% | $787 | $112K | 10x | as long as short |
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
Orderly PERP_PUMP_USDC
Derive PUMP-PERP
SunX PUMP-USDT
SoDEX PUMP-USD
HTX PUMP-USDT
Phemex PUMPUSDT
Paradex PUMP-USD-PERP
Aevo PUMP-PERP
Deribit PUMP_USDC-PERPETUAL
GMX PUMP/USD [WBTC.b-USDC]
01 Exchange PUMPUSD
Extended PUMP-USD
BloFin PUMP-USDT
Reya PUMPRUSDPERP
Phoenix PUMP
Coinbase International PUMP-PERP-INTX
RISEx PUMP/USDC
Injective PUMP/USDC PERP
Kraken Futures PF_PUMPUSD
Aftermath Perps PUMPUSD