PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0417%/8h= −45.7% APRnext payment −$0.52 per $10,000 · paid last 24h −0.033%

Price spread now: ApeX Omni against Hyperliquid−0.200%85s7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$490.488% of the position

Long on Hyperliquid Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 4 days (all we have)+0.668%+$67 · spread now −0.200%, 7d avg −0.002%

Together, before fees+0.659%+ Points / potential airdropHyperliquid: Season 2 · farm board+$66 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and ApeX Omni is 0.199% cheaper against Hyperliquid than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.002%). Swap the legs. The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.009% in total (about -0.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.52 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	Hyperliquid PUMP	0.004492	0.0517	pay 0.0065% / 1h	7m 57s	$168.3M	$49.9M	10x
Short	ApeX Omni PUMPUSDT	0.004483	0.0100	get 0.0013% / 1h	7m 57s	$150K	$746K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Hyperliquid. 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 HyperliquidbpFee ApeX OmnibpOrdersPrice spread, now −0.200%Rate

Funding earned: −$87.62
Price spread: −0.200% → −0.002%: −$19.85
Slippage, 4 orders: −$29.81
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$156.28
Costs to cover: 0.488%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 6 min ago; ApeX Omni: live order book, 46 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 Hyperliquid live order book, 6 min ago	1.11 bp	11.2 bp −$11	24.4 bp −$244	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 46 min ago	5.63 bp	13.6 bp −$14	114.7 bp −$1,147	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	−0.2250%	1h	0.004479	−0.284%	$20K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004482	−0.223%	$18K	$234K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004481	−0.247%	$56K	—	150x	as long as short
Gate PUMP_USDT	+0.0050%	4h	0.004479	−0.289%	$4.9M	$10.6M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004485	−0.156%	$2.9M	$4.8M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−2.048%	$30K	$629K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004481	−0.250%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004483	−0.190%	$716K	$2.2M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004481	−0.245%	$497K	$755K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004487	−0.120%	$81.7M	$166.2M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004481	−0.245%	$24.5M	$95.6M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004467	−0.552%	$32K	$183K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004486	−0.134%	$65K	$101K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004484	−0.178%	$24.1M	$13.7M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004483	−0.200%	$17.7M	$19.3M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004484	−0.178%	—	$12.6M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004484	−0.174%	$800K	$202K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004482	−0.230%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004485	−0.158%	$1.3M	$10.2M	10x	as long as short
ApeX Omni PUMPUSDTshort	+0.0100%	1h	0.004483	−0.200%	$150K	$746K	50x
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004483	−0.200%	$107K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004483	−0.200%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004481	−0.242%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004481	−0.245%	$2K	$744K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004482	−0.223%	$281	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004466	−0.579%	$21K	$95K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004482	−0.223%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004484	−0.178%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004481	−0.245%	$66K	$10K	3x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0196%	1h	0.004484	−0.178%	$71K	$116K	25x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0271% / S −0.0198%	1h	0.004481	−0.245%	$54K	—	100x	as long as short
Extended PUMP-USD	+0.0272%	1h	0.004481	−0.238%	$3.9M	$3.9M	50x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004465	−0.601%	$3.7M	$4.5M	75x	as long as short
Phoenix PUMP	+0.0342%	1h	0.004476	−0.367%	$46K	$119K	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004481	−0.251%	$2	—	3x	as long as short
01 Exchange PUMPUSD	+0.0344%	1h	0.004487	−0.111%	$6K	$600	10x	as long as short
Injective PUMP/USDC PERP	+0.0419%	1h	0.004472	−0.445%	$39K	$204K	12x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0472%	1h	0.004488	−0.089%	$724K	$5.7M	50x	as long as short
Hyperliquid PUMPlong	+0.0517%	1h	0.004492	long leg	$168.3M	$49.9M	10x
RISEx PUMP/USDC	+0.0638%	1h	0.004486	−0.134%	$533K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0654%	1h	0.004484	−0.173%	$1.0M	$3.3M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1044%	1h	0.004477	−0.345%	$719	$107K	10x	as long as short