Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0105%/8h= −11.5% APRpaid last 24h −0.058%

Price spread now: OKX against Hyperliquid−0.197%7-day average −0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$380.385% of the position

Long on Hyperliquid Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.070%−$7 on $10k

Price spread, last 7 days+0.206%+$21 · spread now −0.197%, 7d avg −0.075%

Together, before fees+0.136%+ Points / potential airdropHyperliquid: Season 2 · farm board+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and OKX is 0.122% cheaper against Hyperliquid than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.075%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid PUMP	0.004577	0.0205	pay 0.0026% / 1h	0m 30s	$171.2M	$51.1M	10x
Short	OKX PUMP-USDT-SWAP	0.004568	0.0100	get 0.0050% / 4h	0m 30s	$25.0M	$104.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.197%Rate

Funding earned: −$22.08
Price spread: −0.197% → −0.075%: −$12.18
Slippage, 4 orders: −$19.46
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$72.73
Costs to cover: 0.385%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 3 min ago; OKX: live order book, 3 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, 3 min ago	2.19 bp	11.0 bp −$11	21.4 bp −$214	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	1.10 bp	8.2 bp −$8	16.8 bp −$168	89.2 bp −$8,918	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	0.0000%	1h	0.004570	−0.145%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004568	−0.197%	$18K	$272K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004567	−0.215%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0018%	4h	0.004569	−0.175%	$4.9M	$10.7M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004574	−0.066%	$3.0M	$4.6M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−1.682%	$30K	$662K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004568	−0.193%	$863K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004572	−0.109%	$524K	$875K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004570	−0.153%	$83.6M	$176.1M	75x	as long as short
OKX PUMP-USDT-SWAPshort	+0.0100%	4h	0.004568	−0.197%	$25.0M	$104.2M	50x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004575	−0.035%	$27K	$164K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004571	−0.131%	$45K	$135K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004574	−0.066%	$24.8M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004567	−0.218%	$17.9M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004571	−0.131%	—	$14.4M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004573	−0.085%	$820K	$208K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004561	−0.345%	$67K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004563	−0.310%	$1.3M	$11.0M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004561	−0.350%	$162K	$747K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004568	−0.197%	$107K	$2.3M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004566	−0.240%	$43K	$2K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004569	−0.183%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004568	−0.197%	$2K	$786K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004568	−0.197%	$253	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004565	−0.262%	$22K	$79K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004572	−0.109%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0103%	8h	0.004573	−0.096%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004572	−0.100%	$3.8M	$3.8M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004563	−0.306%	$68K	$10K	3x	as long as short
Hyperliquid PUMPlong	+0.0205%	1h	0.004577	long leg	$171.2M	$51.1M	10x
Nado PUMP-PERP	+0.0221%	1h	0.004569	−0.164%	$1.7M	$2.1M	10x	as long as short
Injective PUMP/USDC PERP	+0.0279%	1h	0.004567	−0.218%	$38K	$204K	12x	as long as short
01 Exchange PUMPUSD	+0.0296%	1h	0.004574	−0.066%	$6K	$600	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0305% / S −0.0274%	1h	0.004567	−0.218%	$65K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004571	−0.131%	$3.8M	$4.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004569	−0.177%	$2	—	3x	as long as short
Phoenix PUMP	+0.0410%	1h	0.004567	−0.223%	$44K	$139K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0440%	1h	0.004572	−0.113%	$1.1M	$3.5M	50x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0536%	1h	0.004578	+0.022%	$739K	$6.1M	50x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0626%	1h	0.004569	−0.175%	$70K	$116K	25x	as long as short
RISEx PUMP/USDC	+0.0784%	1h	0.004570	−0.142%	$532K	$1.1M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0973%	1h	0.004573	−0.091%	$706	$112K	10x	as long as short