Funding you earn now, next payment 04:00 UTC+0.0188%/8h= +20.6% APRnext payment +$0.24 per $10,000 · paid last 24h +0.028%
Price spread now: Hyperliquid against Lighter+0.115%7-day average −0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$340.342% of the position
Funding, last 7 days−0.070%−$7 on $10k
+Price spread, last 7 days−0.188%−$19 · spread now +0.115%, 7d avg −0.026%
=Together, before fees−0.259%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board−$26 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Hyperliquid is 0.141% dearer against Lighter than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.026%. Mind the row above: over the last 7 days funding on this pair cost −0.070%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.070% in total (about -3.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.24 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 | Lighter PUMP | 0.004366 | 0.0096 | pay 0.0012% / 1h | 51m 39s | $2.8M | $5.4M | 10x |
| Short | Hyperliquid PUMP | 0.004371 | 0.0284 | get 0.0036% / 1h | 51m 39s | $163.0M | $56.1M | 10x |
Lighter PUMP
Hyperliquid PUMPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $39.55
- Price spread: +0.115% → −0.026%
- $14.09
- Slippage, 4 orders
- −$25.2
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $19.43
- Costs to cover
- 0.342%
- Break-even
- 3.6 days
Slippage from Lighter: live order book, 6 min ago; Hyperliquid: live order book, 12 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 Lighter live order book, 6 min ago | 2.28 bp | 8.1 bp −$8 | 29.3 bp −$293 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 12 min ago | 1.13 bp | 10.8 bp −$11 | 19.0 bp −$190 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack PUMP_USDC_PERP | −0.0443% | 1h | 0.004368 | +0.046% | $774K | $199K | 5x | as long as short |
| dYdX PUMP-USD | 0.0000% | 1h | 0.004367 | +0.028% | $20K | $9K | 5x | as long as short |
| Perpl PUMP | 0.0000% | 43m | 0.004373 | +0.160% | $18K | $235K | 20x | as long as short |
| Deribit PUMP_USDC-PERPETUAL | 0.0000% | 1h | 0.004371 | +0.115% | $69K | $124K | 25x | as long as short |
| gTrade (Gains Network) PUMP/USD | L +0.0002% / S −0.0002% | 1h | 0.004369 | +0.077% | $53K | — | 150x | as long as short |
| Lighter PUMPlong | +0.0096% | 1h | 0.004366 | long leg | $2.8M | $5.4M | 10x | |
| Popdex PUMPUSDT | +0.0096% | 1h | 0.004300 | −1.512% | $29K | $818K | 20x | as long as short |
| Aster PUMPUSDT | +0.0100% | 4h | 0.004367 | +0.023% | $687K | $2.4M | 50x | as long as short |
| Pacifica PUMP | +0.0100% | 1h | 0.004365 | −0.023% | $484K | $817K | 10x | as long as short |
| Binance PUMPUSDT | +0.0100% | 4h | 0.004366 | −0.005% | $79.2M | $172.7M | 75x | as long as short |
Backpack PUMP_USDC_PERP
dYdX PUMP-USD
Perpl PUMP
Deribit PUMP_USDC-PERPETUAL
gTrade (Gains Network) PUMP/USD
Popdex PUMPUSDT
Aster PUMPUSDT
Pacifica PUMP
Binance PUMPUSDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX PUMP-USDT-SWAP | +0.0100% | 4h | 0.004364 | −0.046% | $23.8M | $96.5M | 50x | as long as short |
| Ondo Perps PUMP-USD.P | +0.0100% | 1h | 0.004378 | +0.286% | $36K | $186K | 5x | as long as short |
| Arcus PUMP-USD | +0.0100% | 1h | 0.004364 | −0.046% | $61K | $102K | 10x | as long as short |
| Gate PUMP_USDT | +0.0100% | 4h | 0.004364 | −0.046% | $4.8M | $11.2M | 75x | as long as short |
| KuCoin PUMPUSDTM | +0.0100% | 4h | 0.004368 | +0.046% | $23.4M | $14.0M | 50x | as long as short |
| Bitget PUMPUSDT | +0.0100% | 4h | 0.004364 | −0.046% | $17.4M | $20.2M | 75x | as long as short |
| BingX PUMP-USDT | +0.0100% | 4h | 0.004364 | −0.046% | — | $12.9M | — | as long as short |
| edgeX PUMPUSDC | +0.0100% | 4h | 0.004393 | +0.616% | $64K | $3.1M | 20x | as long as short |
| GRVT PUMP_USDT_Perp | +0.0100% | 4h | 0.004401 | +0.794% | $1.2M | $10.5M | 10x | as long as short |
| ApeX Omni PUMPUSDT | +0.0100% | 1h | 0.004390 | +0.550% | $146K | $751K | 50x | as long as short |
| Polymarket Perps PUMP-USD | +0.0100% | 1h | 0.004375 | +0.206% | $97K | $2.1M | 10x | as long as short |
| Orderly PERP_PUMP_USDC | +0.0100% | 4h | 0.004371 | +0.115% | $41K | $11K | 10x | as long as short |
| Derive PUMP-PERP | +0.0100% | 1h | 0.004370 | +0.097% | $5K | $13K | 6.7x | as long as short |
| SunX PUMP-USDT | +0.0100% | 4h | 0.004372 | +0.137% | $2K | $764K | 20x | as long as short |
| SoDEX PUMP-USD | +0.0100% | 1h | 0.004369 | +0.069% | $274 | $7K | 10x | as long as short |
| HTX PUMP-USDT | +0.0100% | 4h | 0.004365 | −0.023% | $21K | $112K | 20x | as long as short |
| Phemex PUMPUSDT | +0.0100% | 4h | 0.004367 | +0.023% | $2.0M | $4.0M | 20x | as long as short |
| Paradex PUMP-USD-PERP | +0.0100% | 8h | 0.004365 | −0.023% | $41K | $276 | 5x | as long as short |
| Aevo PUMP-PERP | +0.0104% | 1h | 0.004366 | 0.000% | $70K | $11K | 3x | as long as short |
| Nado PUMP-PERP | +0.0112% | 1h | 0.004374 | +0.195% | $1.6M | $2.1M | 10x | as long as short |
| GMX PUMP/USD [WBTC.b-USDC] | L +0.0191% / S −0.0050% | 1h | 0.004370 | +0.092% | $59K | — | 100x | as long as short |
| Extended PUMP-USD | +0.0208% | 1h | 0.004362 | −0.084% | $3.8M | $4.3M | 50x | as long as short |
| 01 Exchange PUMPUSD | +0.0256% | 1h | 0.004362 | −0.092% | $6K | $727 | 10x | as long as short |
| Hyperliquid PUMPshort | +0.0284% | 1h | 0.004371 | +0.115% | $163.0M | $56.1M | 10x | |
| BloFin PUMP-USDT | +0.0340% | 4h | 0.004378 | +0.275% | $3.6M | $4.4M | 75x | as long as short |
| Reya PUMPRUSDPERP | +0.0344% | 1h | 0.004374 | +0.178% | $2 | — | 3x | as long as short |
| Phoenix PUMP | +0.0345% | 1h | 0.004402 | +0.815% | $43K | $120K | 10x | as long as short |
| Coinbase International PUMP-PERP-INTX | +0.0440% | 1h | 0.004378 | +0.275% | $693K | $5.8M | 50x | as long as short |
| RISEx PUMP/USDC | +0.0570% | 1h | 0.004365 | −0.023% | $519K | $1.0M | 10x | as long as short |
| Injective PUMP/USDC PERP | +0.0706% | 1h | 0.004387 | +0.481% | $38K | $204K | 12x | as long as short |
| Kraken Futures PF_PUMPUSD | +0.0810% | 1h | 0.004372 | +0.128% | $1.0M | $3.4M | 50x | as long as short |
| Aftermath Perps PUMPUSD | +0.0890% | 1h | 0.004392 | +0.594% | $580 | $115K | 10x | as long as short |
OKX PUMP-USDT-SWAP
Ondo Perps PUMP-USD.P
Arcus PUMP-USD
Gate PUMP_USDT
KuCoin PUMPUSDTM
Bitget PUMPUSDT
BingX PUMP-USDT
edgeX PUMPUSDC
GRVT PUMP_USDT_Perp
ApeX Omni PUMPUSDT
Polymarket Perps PUMP-USD
Orderly PERP_PUMP_USDC
Derive PUMP-PERP
SunX PUMP-USDT
SoDEX PUMP-USD
HTX PUMP-USDT
Phemex PUMPUSDT
Paradex PUMP-USD-PERP
Aevo PUMP-PERP
Nado PUMP-PERP
GMX PUMP/USD [WBTC.b-USDC]
Extended PUMP-USD
01 Exchange PUMPUSD
BloFin PUMP-USDT
Reya PUMPRUSDPERP
Phoenix PUMP
Coinbase International PUMP-PERP-INTX
RISEx PUMP/USDC
Injective PUMP/USDC PERP
Kraken Futures PF_PUMPUSD
Aftermath Perps PUMPUSD