Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.010%

Price spread now: Hyperliquid against Gate+0.162%7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$550.547% of the position

Long on Gate Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 7 days−0.067%−$7 · spread now +0.162%, 7d avg +0.057%

Together, before fees−0.001%+ Points / potential airdropHyperliquid: Season 2 · farm board$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Hyperliquid is 0.105% dearer against Gate than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PUMP_USDT	0.004315	0.0088	pay 0.0044% / 4h	1h 51m	$4.6M	$11.6M	75x
Short	Hyperliquid PUMP	0.004322	0.0100	get 0.0013% / 1h	51m 26s	$158.3M	$52.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Gate. 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 GatebpFee HyperliquidbpOrdersPrice spread, now +0.162%Rate

Funding earned: $2.52
Price spread: +0.162% → +0.057%: $10.48
Slippage, 4 orders: −$30.7
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$41.7
Costs to cover: 0.547%
Break-even: 122.8 days

Slippage from Gate: live order book, 2 min ago; Hyperliquid: live order book, 13 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 Gate live order book, 2 min ago	2.32 bp	18.1 bp −$18	38.2 bp −$382	76.1 bp −$7,606	doesn't fit
Sell Hyperliquid live order book, 13 min ago	1.16 bp	8.6 bp −$9	21.3 bp −$213	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	−0.5895%	1h	0.004322	+0.153%	$20K	$8K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0054%	4h	0.004315	0.000%	$22.5M	$95.4M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0020%	4h	0.004317	+0.046%	$41K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004315	0.000%	$20K	$205K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004319	+0.093%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004318	+0.062%	$55K	—	150x	as long as short
Gate PUMP_USDTlong	+0.0088%	4h	0.004315	long leg	$4.6M	$11.6M	75x
Lighter PUMP	+0.0096%	1h	0.004314	−0.023%	$2.9M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.348%	$29K	$767K	20x	as long as short
Backpack PUMP_USDC_PERP	+0.0097%	1h	0.004317	+0.044%	$769K	$181K	5x	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	0.004318	+0.073%	$41K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004318	+0.081%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMPshort	+0.0100%	1h	0.004322	+0.162%	$158.3M	$52.6M	10x
Aster PUMPUSDT	+0.0100%	4h	0.004316	+0.021%	$778K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004316	+0.023%	$447K	$607K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004316	+0.019%	$76.7M	$163.6M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004328	+0.301%	$25K	$178K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004318	+0.070%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004319	+0.093%	$22.8M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004316	+0.023%	$17.0M	$19.0M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004317	+0.046%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004319	+0.087%	$63K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004331	+0.371%	$1.2M	$9.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004323	+0.185%	$136K	$768K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004320	+0.116%	$91K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004317	+0.054%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004319	+0.093%	$2K	$710K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004316	+0.023%	$712	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004317	+0.046%	$21K	$143K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004318	+0.070%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004318	+0.066%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004316	+0.023%	$71K	$18K	3x	as long as short
01 Exchange PUMPUSD	+0.0112%	1h	0.004319	+0.093%	$6K	$497	10x	as long as short
RISEx PUMP/USDC	+0.0147%	1h	0.004320	+0.115%	$488K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0185%	1h	0.004333	+0.426%	$40K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0280%	1h	0.004332	+0.394%	$657K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0309% / S −0.0227%	1h	0.004316	+0.023%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004316	+0.023%	$3.4M	$3.7M	75x	as long as short
Aftermath Perps PUMPUSD	+0.0342%	1h	0.004321	+0.142%	$180	$106K	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004315	+0.005%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0652%	1h	0.004337	+0.510%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0810%	1h	0.004322	+0.163%	$1.3M	$3.5M	50x	as long as short