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% APRpaid last 24h −0.009%

Price spread now: Bitget against Hyperliquid−0.116%7-day average −0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$410.410% of the position

Long on Hyperliquid Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 7 days+0.021%+$2 · spread now −0.116%, 7d avg −0.054%

Together, before fees+0.043%+ Points / potential airdropHyperliquid: Season 2 · farm board+$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.061% cheaper against Hyperliquid than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid PUMP	0.004317	0.0100	pay 0.0013% / 1h	40m 06s	$157.8M	$52.4M	10x
Short	Bitget PUMPUSDT	0.004312	0.0100	get 0.0050% / 4h	2h 40m	$17.0M	$19.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.116%Rate

Funding earned: $0
Price spread: −0.116% → −0.054%: −$6.14
Slippage, 4 orders: −$20.05
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$47.19
Costs to cover: 0.410%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 4 min ago; Bitget: 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 Hyperliquid live order book, 4 min ago	1.16 bp	8.0 bp −$8	21.4 bp −$214	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	2.33 bp	12.5 bp −$13	23.0 bp −$230	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	−0.2234%	1h	0.004313	−0.094%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0533%	1h	0.004313	−0.095%	$772K	$182K	5x	as long as short
Perpl PUMP	−0.0112%	43m	0.004310	−0.162%	$20K	$204K	20x	as long as short
OKX PUMP-USDT-SWAP	−0.0066%	4h	0.004311	−0.139%	$22.6M	$94.4M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0015%	4h	0.004313	−0.093%	$41K	$10K	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004317	0.000%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004314	−0.067%	$54K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004313	−0.093%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.394%	$29K	$774K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004311	−0.129%	$41K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado PUMP-PERP	+0.0100%	1h	0.004308	−0.197%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMPlong	+0.0100%	1h	0.004317	long leg	$157.8M	$52.4M	10x
Aster PUMPUSDT	+0.0100%	4h	0.004310	−0.154%	$783K	$2.1M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004313	−0.093%	$448K	$611K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004314	−0.069%	$76.5M	$164.2M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004293	−0.547%	$25K	$182K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004311	−0.139%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004313	−0.093%	$4.6M	$11.7M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004316	−0.023%	$22.8M	$13.9M	50x	as long as short
Bitget PUMPUSDTshort	+0.0100%	4h	0.004312	−0.116%	$17.0M	$19.1M	75x
BingX PUMP-USDT	+0.0100%	4h	0.004312	−0.116%	—	$12.8M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004297	−0.460%	$63K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004297	−0.462%	$1.2M	$9.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004298	−0.440%	$136K	$767K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004316	−0.023%	$107K	$1.8M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004315	−0.052%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004316	−0.023%	$1K	$708K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004313	−0.093%	$711	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004302	−0.347%	$21K	$148K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004315	−0.046%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004313	−0.091%	$3.5M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004313	−0.093%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004313	−0.093%	$491K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004300	−0.382%	$38K	$99K	10x	as long as short
01 Exchange PUMPUSD	+0.0136%	1h	0.004312	−0.116%	$6K	$497	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004315	−0.046%	$655K	$5.4M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0303%	1h	0.004303	−0.317%	$179	$107K	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0305% / S −0.0221%	1h	0.004314	−0.069%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004306	−0.255%	$3.4M	$3.6M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004312	−0.106%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	+0.162%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0688%	1h	0.004319	+0.037%	$1.3M	$3.5M	50x	as long as short