Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0008%/8h= −0.9% APRpaid last 24h −0.010%

Price spread now: Gate against Hyperliquid−0.139%7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

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

Long on Hyperliquid Short on Gate

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+0.044%+$4 · spread now −0.139%, 7d avg −0.057%

Together, before fees−0.022%+ Points / potential airdropHyperliquid: Season 2 · farm board−$2 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: Gate is 0.081% cheaper against Hyperliquid than usual: you would sell low and buy high, −$8 on $10k if it 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	Hyperliquid PUMP	0.004322	0.0100	pay 0.0013% / 1h	51m 32s	$158.2M	$52.6M	10x
Short	Gate PUMP_USDT	0.004316	0.0092	get 0.0046% / 4h	1h 51m	$4.6M	$11.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.139%Rate

Funding earned: −$1.68
Price spread: −0.139% → −0.057%: −$8.14
Slippage, 4 orders: −$30.7
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$64.51
Costs to cover: 0.547%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 12 min ago; Gate: live order book, 2 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, 12 min ago	1.16 bp	10.3 bp −$10	19.6 bp −$196	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	2.32 bp	17.6 bp −$18	41.3 bp −$413	75.9 bp −$7,587	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	−0.009%	$20K	$8K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0054%	4h	0.004318	−0.093%	$22.5M	$95.4M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0020%	4h	0.004317	−0.116%	$41K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004316	−0.139%	$20K	$205K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004319	−0.069%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004317	−0.120%	$55K	—	150x	as long as short
Gate PUMP_USDTshort	+0.0092%	4h	0.004316	−0.139%	$4.6M	$11.6M	75x
Lighter PUMP	+0.0096%	1h	0.004314	−0.185%	$2.9M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.509%	$29K	$767K	20x	as long as short
Backpack PUMP_USDC_PERP	+0.0097%	1h	0.004317	−0.118%	$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	−0.090%	$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 PUMPlong	+0.0100%	1h	0.004322	long leg	$158.2M	$52.6M	10x
Aster PUMPUSDT	+0.0100%	4h	0.004314	−0.176%	$778K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004316	−0.139%	$447K	$607K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004314	−0.187%	$76.6M	$163.5M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004328	+0.139%	$25K	$178K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004318	−0.093%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004320	−0.046%	$22.8M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004317	−0.116%	$17.0M	$19.0M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004318	−0.093%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004319	−0.075%	$63K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004331	+0.208%	$1.2M	$9.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004333	+0.255%	$137K	$768K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004324	+0.046%	$91K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004317	−0.108%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004319	−0.069%	$2K	$710K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004316	−0.139%	$712	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004317	−0.116%	$21K	$143K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004318	−0.093%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004315	−0.166%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004316	−0.139%	$71K	$18K	3x	as long as short
01 Exchange PUMPUSD	+0.0112%	1h	0.004319	−0.069%	$6K	$497	10x	as long as short
RISEx PUMP/USDC	+0.0147%	1h	0.004320	−0.047%	$488K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0185%	1h	0.004333	+0.264%	$40K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0280%	1h	0.004332	+0.231%	$657K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0309% / S −0.0227%	1h	0.004317	−0.116%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004316	−0.139%	$3.4M	$3.7M	75x	as long as short
Aftermath Perps PUMPUSD	+0.0341%	1h	0.004322	−0.005%	$180	$106K	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004319	−0.065%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0652%	1h	0.004337	+0.347%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0810%	1h	0.004322	+0.001%	$1.3M	$3.5M	50x	as long as short