Current PUMP funding
Reading Hyperliquid public data. No wallet connection needed.
What would this position pay?
Fixed-notional scenarioEnter total position value, not margin.
An illustration at a fixed position value, not a future-rate forecast or account statement. Actual notional changes; trading fees, price PnL and liquidation are separate.
View settlement hours and methodology
Positive funding: longs pay shorts. Negative: shorts pay longs. The total requires all 24 latest UTC settlement hours; missing or conflicting data is never replaced with zero. The hourly estimate is notional × current hourly rate; the historical estimate uses the sum of settled rates.
| UTC | Settled rate |
|---|
What culture sits behind PUMP?
A market for creations and attention
When announcing PUMP, Pump.fun described a network connecting creators, traders and founders with money and attention, and an ambition to challenge established social platforms. Later creator programs stressed letting users and markets decide what to support. The attraction is the possibility that an ordinary person’s idea can become a project others join and fund.
Pump.fun · July 9, 2025 launch and visionThe trenches: discovery and belonging
Traders use “trenches” for the world of discovering and trading early memes. Part of the attraction is spotting a joke early; another part is joining people around a shared avatar, slogan or token. Writing about Jotchua on July 16, iruletrenches missed the older avatar-community atmosphere and hoped it would return despite giving back his gains. That is one participant’s view of the culture.
iruletrenches · July 16, 2026 participant threadWill the crowd keep choosing this venue?
PUMP shifts attention from one meme to the platform producing many of them. On September 10, pooop_real suggested that traders could develop a preference for STONK just as they once favored Pump.fun. Replies disputed whether that shift was established. Community loyalty, launch mechanics and competition are therefore part of the current PUMP story, alongside its trading price.
pooop_real · Sep 10, 2026 debateHow to trade PUMP on Hyperliquid
Check funding before choosing a position. The calculator above supports both long and short scenarios.
- Choose the product
This page tracks the PUMP perpetual. Spot ownership and a perpetual position are different; perps have funding and liquidation.
- Check funding in the official app
Open Hyperliquid and follow its current collateral and network instructions. Do not send PUMP spot tokens to a margin account.
- Calculate using position notional
For example, $100 margin at 5× leverage gives $500 notional. Funding uses the notional, not the margin.
- Review the order and liquidation price
Check the PUMP market, direction, order price, slippage, fees and liquidation level before deciding to place an order.
The platform vision, its culture and PUMP
Pump.fun’s stated ambition connects creation, social activity and funding. A January 2026 creator-program thread describes users and markets backing projects, rather than judges or venture investors alone. Actual participants may be there to share jokes, find early trades or maintain an existing community.
PUMP moves the question to the platform: will those people keep using it, and can new products turn bursts of activity into recurring use? The vision needs to show up in products and user behavior. Holding PUMP does not mean owning every token on the platform.
Why look at funding after understanding the story?
A narrative can explain a trader’s position; funding describes a cost of maintaining a perpetual position while waiting. The tool above follows Hyperliquid’s PUMP perpetual. The full address in the header identifies Solana spot PUMP, a different form of exposure.
Positive funding generally means longs pay shorts; negative funding reverses that direction. The 24-hour figure adds the latest 24 settled hourly rates and requires 24/24 coverage. Missing hours stay visibly incomplete; the tool does not substitute the current rate multiplied by 24. This is a view of one derivatives market, not a poll of everyone in the community.
How are holding costs calculated?
One funding payment is approximately position notional multiplied by the settled rate. For example, $100 margin at 5× leverage gives $500 notional. At an illustrative positive hourly rate of 0.01%, the long pays about $0.05 and the short receives about $0.05. That rate is an example, not the current market.
The calculator assumes fixed notional. A real account’s position, mark price and presence at each settlement can change. Receiving funding may coincide with a price loss. Use the full funding monitor to compare other markets.
What does the 4% trading-fee discount cover?
Our Hyperliquid link uses referral code HYPE300 for a 4% discount on eligible trading fees for qualifying accounts. It affects eligible order-execution fees, not funding transfers or liquidation losses. An existing referral relationship or other eligibility conditions can affect availability; use the official terms.
Separate opening and closing fees, hourly funding transfers, spreads and slippage when comparing costs. The Hyperliquid fee calculator helps with the execution-fee component.
For PUMP spot ownership, use the OKX Wallet option in the buying section and verify the full Solana address and quote. Its 15% offer concerns eligible DEX service fees. It is separate from the Hyperliquid trading-fee offer.
Frequently asked questions
How is PUMP different from memes launched on Pump.fun?
Individual memes have their own characters, stories and communities. PUMP is the platform token, so its narrative concerns the venue’s ability to keep attracting creators and traders. It is not a basket of all tokens launched there.
Why watch PUMP funding rates?
Perpetuals let traders express bullish or bearish views with a different cost structure from spot ownership. Funding shows payment direction and holding costs in that market; it is not a direct measure of community belief.
Who pays positive PUMP funding?
At a positive rate, longs pay shorts; at a negative rate, shorts pay longs. The tool labels the direction and lets you switch between long and short cost scenarios.
How is 24-hour PUMP funding calculated?
The tool sums actual rates for the latest 24 settlement hours and requires 24/24 coverage. Missing hours leave the total unavailable; the current rate is not multiplied by 24 as a substitute.
Should I enter margin or position size?
Enter total position notional. For example, $100 margin at 5× leverage corresponds to about $500 notional. Actual funding also depends on exposure and mark price at each settlement.
Why does the calculator show received funding?
The rate sign and your position direction determine whether you pay or receive. Receiving funding does not establish total profitability; price PnL and execution costs remain separate.
Does HYPE300 reduce PUMP funding payments?
No. The referral offer concerns eligible trading fees for qualifying accounts. Funding transfers between longs and shorts are separate.
Sources
Content checked September 11, 2026. Dynamic market retrieval times are shown separately above.
- Pump.fun · July 9, 2025 launch and vision ↗
- iruletrenches · July 16, 2026 participant thread ↗
- pooop_real · Sep 10, 2026 debate ↗
- Pump.fun: PUMP token ↗Solana spot identity; separate from the perpetual market.
- Hyperliquid funding ↗Hourly settlement, notional-based payments and rate mechanics; checked September 11, 2026.
- Hyperliquid perpetual API ↗Exact PUMP market in metaAndAssetCtxs; fundingHistory for completed settlements.
- Hyperliquid referral terms ↗Referral trading-fee discounts do not reduce funding payments; eligibility applies.
- OKX Wallet referral offer ↗15% off eligible DEX service fees for the separate spot route.