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 +0.009%

Price spread now: Hyperliquid against Arcus+0.139%7-day average — · you sell dearer than you buy

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

Long on Arcus 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 0.139% dearer against Arcus than usual: you sell high and buy low, +$14 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	Arcus PUMP-USD	0.004309	0.0100	pay 0.0013% / 1h	37m 59s	$42K	$53K	10x
Short	Hyperliquid PUMP	0.004315	0.0100	get 0.0013% / 1h	37m 59s	$157.7M	$52.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Arcus. 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 ArcusbpFee HyperliquidbpOrdersPrice spread, now +0.139%Rate

Funding earned: $0
Price spread: +0.139% → 0.000%: $13.92
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $0.42
Costs to cover: 0.135%
Break-even: from the start

Slippage unknown: Arcus: no order-book sample; Hyperliquid: live order book, 6 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 Arcus no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 6 min ago	1.16 bp	8.9 bp −$9	19.2 bp −$192	doesn't fit	doesn't fit

Arcus: 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	−0.2283%	1h	0.004315	+0.135%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0508%	1h	0.004310	+0.021%	$771K	$181K	5x	as long as short
Perpl PUMP	−0.0112%	43m	0.004307	−0.046%	$20K	$203K	20x	as long as short
OKX PUMP-USDT-SWAP	−0.0067%	4h	0.004309	0.000%	$22.6M	$94.3M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0015%	4h	0.004315	+0.139%	$41K	$10K	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004314	+0.116%	$68K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004314	+0.119%	$54K	—	150x	as long as short
Gate PUMP_USDT	+0.0076%	4h	0.004311	+0.046%	$4.6M	$11.7M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004311	+0.046%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.209%	$29K	$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	0.004310	+0.015%	$41K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004307	−0.035%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMPshort	+0.0100%	1h	0.004315	+0.139%	$157.7M	$52.0M	10x
Aster PUMPUSDT	+0.0100%	4h	0.004312	+0.070%	$783K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004306	−0.070%	$446K	$614K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004312	+0.061%	$76.5M	$164.1M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004307	−0.042%	$25K	$183K	5x	as long as short
Arcus PUMP-USDlong	+0.0100%	1h	0.004309	long leg	$42K	$53K	10x
KuCoin PUMPUSDTM	+0.0100%	4h	0.004313	+0.093%	$22.7M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004313	+0.093%	$17.0M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004310	+0.023%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004298	−0.252%	$63K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004304	−0.106%	$1.2M	$9.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004303	−0.139%	$136K	$766K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004312	+0.070%	$107K	$1.8M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004315	+0.146%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004313	+0.093%	$2K	$708K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004311	+0.046%	$711	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004304	−0.116%	$21K	$148K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004312	+0.070%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004311	+0.047%	$3.5M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004311	+0.046%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004311	+0.046%	$491K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004311	+0.044%	$39K	$99K	10x	as long as short
01 Exchange PUMPUSD	+0.0136%	1h	0.004310	+0.023%	$6K	$497	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004312	+0.070%	$655K	$5.4M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0301%	1h	0.004306	−0.076%	$179	$106K	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0305% / S −0.0221%	1h	0.004314	+0.116%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004307	−0.046%	$3.4M	$3.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004308	−0.014%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	+0.348%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0688%	1h	0.004315	+0.135%	$1.3M	$3.5M	50x	as long as short