PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.22 per $10,000 · paid last 24h −0.001%

Price spread now: Coinbase International against Hyperliquid+0.185%7-day average −0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$460.458% of the position

Long on Hyperliquid Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 3 days (all we have)−0.230%−$23 · spread now +0.185%, 7d avg −0.053%

Together, before fees−0.238%+ Points / potential airdropHyperliquid: Season 2 · farm board−$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Coinbase International is 0.238% dearer against Hyperliquid than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of −0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid PUMP	0.004324	0.0100	pay 0.0013% / 1h	53m 18s	$158.3M	$52.6M	10x
Short	Coinbase International PUMP-PERP-INTX	0.004332	0.0280	get 0.0035% / 1h	53m 18s	$657K	$5.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.185%Rate

Funding earned: $37.8
Price spread: +0.185% → −0.053%: $23.8
Slippage, 4 orders: −$26.82
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $15.79
Costs to cover: 0.458%
Break-even: 4.1 days

Slippage from Hyperliquid: live order book, 11 min ago; Coinbase International: live order book, 1 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, 11 min ago	1.16 bp	10.3 bp −$10	19.6 bp −$196	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	3.47 bp	12.8 bp −$13	18.6 bp −$186	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	−0.6043%	1h	0.004329	+0.116%	$20K	$8K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0057%	4h	0.004317	−0.162%	$22.5M	$95.5M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0020%	4h	0.004318	−0.139%	$41K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004318	−0.139%	$20K	$205K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004320	−0.093%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004320	−0.084%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0086%	4h	0.004321	−0.069%	$4.6M	$11.6M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004321	−0.069%	$2.9M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.555%	$29K	$767K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004321	−0.059%	$42K	—	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	0.004320	−0.104%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMPlong	+0.0100%	1h	0.004324	long leg	$158.3M	$52.6M	10x
Aster PUMPUSDT	+0.0100%	4h	0.004323	−0.024%	$779K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004322	−0.046%	$448K	$607K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004318	−0.149%	$76.7M	$163.6M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004328	+0.093%	$25K	$178K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004321	−0.069%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004322	−0.046%	$22.8M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004318	−0.139%	$17.0M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004319	−0.116%	—	$12.7M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004321	−0.065%	$770K	$181K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004329	+0.107%	$63K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004331	+0.162%	$1.2M	$9.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004333	+0.208%	$137K	$768K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004323	−0.023%	$91K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004319	−0.117%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004319	−0.116%	$2K	$710K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004317	−0.162%	$712	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004315	−0.208%	$21K	$147K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004319	−0.116%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004316	−0.189%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004316	−0.185%	$71K	$18K	3x	as long as short
01 Exchange PUMPUSD	+0.0136%	1h	0.004321	−0.069%	$6K	$497	10x	as long as short
RISEx PUMP/USDC	+0.0147%	1h	0.004322	−0.046%	$488K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0185%	1h	0.004333	+0.217%	$40K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTXshort	+0.0280%	1h	0.004332	+0.185%	$657K	$5.4M	50x
GMX PUMP/USD [WBTC.b-USDC]	L +0.0309% / S −0.0227%	1h	0.004319	−0.116%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004316	−0.185%	$3.4M	$3.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004317	−0.158%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0347%	1h	0.004323	−0.031%	$180	$106K	10x	as long as short
Injective PUMP/USDC PERP	+0.0652%	1h	0.004337	+0.301%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0809%	1h	0.004324	−0.006%	$1.3M	$3.5M	50x	as long as short