Funding you earn now, next payment 22:00 UTC+0.0590%/8h= +64.6% APRpaid last 24h +0.269%
Price spread now: Kraken Futures against Binance+0.120%7-day average +0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$560.559% of the position
Funding, last 7 days+0.231%+$23 on $10k
+Price spread, last 3 days (all we have)−0.122%−$12 · spread now +0.120%, 7d avg +0.056%
=Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Kraken Futures is 0.064% dearer against Binance than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.056%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.231% in total (about 12.0% a year). A funding rate is set anew for every payment. 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 | Binance PUMPUSDT | 0.004299 | 0.0100 | pay 0.0050% / 4h | 2h 43m | $76.3M | $164.6M | 75x |
| Short | Kraken Futures PF_PUMPUSD | 0.004305 | 0.0690 | get 0.0086% / 1h | 43m 57s | $1.3M | $3.5M | 50x |
Binance PUMPUSDT
Kraken Futures PF_PUMPUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Binance. 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
- $123.86
- Price spread: +0.120% → +0.056%
- $6.44
- Slippage, 4 orders
- −$35.86
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $74.45
- Costs to cover
- 0.559%
- Break-even
- 2.8 days
Slippage from Binance: live order book, 14 min ago; Kraken Futures: live order book, 5 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 Binance live order book, 14 min ago | 1.16 bp | 8.4 bp −$8 | 18.1 bp −$181 | 68.4 bp −$6,842 | 409.5 bp −$204.8K |
| Sell Kraken Futures live order book, 5 min ago | 8.13 bp | 21.4 bp −$21 | 41.4 bp −$414 | 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 | −0.2741% | 1h | 0.004299 | −0.010% | $20K | $8K | 5x | as long as short |
| Backpack PUMP_USDC_PERP | −0.0558% | 1h | 0.004299 | −0.007% | $769K | $184K | 5x | as long as short |
| OKX PUMP-USDT-SWAP | −0.0072% | 4h | 0.004299 | −0.009% | $22.5M | $94.3M | 50x | as long as short |
| Orderly PERP_PUMP_USDC | −0.0015% | 4h | 0.004298 | −0.033% | $40K | $10K | 10x | as long as short |
| Perpl PUMP | 0.0000% | 43m | 0.004293 | −0.149% | $19K | $203K | 20x | as long as short |
| Deribit PUMP_USDC-PERPETUAL | 0.0000% | 1h | 0.004300 | +0.014% | $68K | $126K | 25x | as long as short |
| gTrade (Gains Network) PUMP/USD | L +0.0002% / S −0.0002% | 1h | 0.004299 | −0.017% | $54K | — | 150x | as long as short |
| Gate PUMP_USDT | +0.0090% | 4h | 0.004299 | −0.009% | $4.6M | $11.7M | 75x | as long as short |
| Lighter PUMP | +0.0096% | 1h | 0.004300 | +0.014% | $2.9M | $5.5M | 10x | as long as short |
| Popdex PUMPUSDT | +0.0096% | 1h | 0.004200 | −2.312% | $28K | $774K | 20x | as long as short |
dYdX PUMP-USD
Backpack PUMP_USDC_PERP
OKX PUMP-USDT-SWAP
Orderly PERP_PUMP_USDC
Perpl PUMP
Deribit PUMP_USDC-PERPETUAL
gTrade (Gains Network) PUMP/USD
Gate PUMP_USDT
Lighter PUMP
Popdex PUMPUSDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PUMP-USD-PERP | +0.0100% | 8h | 0.004294 | −0.127% | $41K | — | 5x | as long as short |
| Hyperliquid PUMP | +0.0100% | 1h | 0.004303 | +0.084% | $157.3M | $52.4M | 10x | as long as short |
| Aster PUMPUSDT | +0.0100% | 4h | 0.004298 | −0.023% | $781K | $2.1M | 50x | as long as short |
| Pacifica PUMP | +0.0100% | 1h | 0.004295 | −0.102% | $446K | $611K | 10x | as long as short |
| Binance PUMPUSDTlong | +0.0100% | 4h | 0.004299 | long leg | $76.3M | $164.6M | 75x | |
| Ondo Perps PUMP-USD.P | +0.0100% | 1h | 0.004293 | −0.140% | $25K | $182K | 5x | as long as short |
| Arcus PUMP-USD | +0.0100% | 1h | 0.004294 | −0.126% | $41K | $53K | 10x | as long as short |
| KuCoin PUMPUSDTM | +0.0100% | 4h | 0.004303 | +0.084% | $22.7M | $14.0M | 50x | as long as short |
| Bitget PUMPUSDT | +0.0100% | 4h | 0.004299 | −0.009% | $16.9M | $19.2M | 75x | as long as short |
| BingX PUMP-USDT | +0.0100% | 4h | 0.004299 | −0.009% | — | $12.8M | — | as long as short |
| edgeX PUMPUSDC | +0.0100% | 4h | 0.004296 | −0.081% | $63K | $3.1M | 20x | as long as short |
| GRVT PUMP_USDT_Perp | +0.0100% | 4h | 0.004297 | −0.060% | $1.2M | $9.6M | 10x | as long as short |
| ApeX Omni PUMPUSDT | +0.0100% | 1h | 0.004297 | −0.056% | $136K | $767K | 50x | as long as short |
| Nado PUMP-PERP | +0.0100% | 1h | 0.004293 | −0.137% | $1.6M | $2.0M | 10x | as long as short |
| Polymarket Perps PUMP-USD | +0.0100% | 1h | 0.004299 | −0.009% | $107K | $1.8M | 10x | as long as short |
| Derive PUMP-PERP | +0.0100% | 1h | 0.004299 | −0.007% | $4K | $13K | 6.7x | as long as short |
| SunX PUMP-USDT | +0.0100% | 4h | 0.004298 | −0.033% | $1K | $708K | 20x | as long as short |
| SoDEX PUMP-USD | +0.0100% | 1h | 0.004297 | −0.056% | $709 | $6K | 10x | as long as short |
| HTX PUMP-USDT | +0.0100% | 4h | 0.004292 | −0.172% | $21K | $146K | 20x | as long as short |
| Phemex PUMPUSDT | +0.0100% | 4h | 0.004301 | +0.037% | $2.0M | $4.0M | 20x | as long as short |
| Extended PUMP-USD | +0.0104% | 1h | 0.004299 | −0.010% | $3.5M | $3.7M | 50x | as long as short |
| Aevo PUMP-PERP | +0.0104% | 1h | 0.004298 | −0.033% | $71K | $18K | 3x | as long as short |
| RISEx PUMP/USDC | +0.0125% | 1h | 0.004295 | −0.097% | $489K | $1.0M | 10x | as long as short |
| Phoenix PUMP | +0.0129% | 1h | 0.004300 | +0.026% | $38K | $99K | 10x | as long as short |
| 01 Exchange PUMPUSD | +0.0136% | 1h | 0.004295 | −0.102% | $6K | $497 | 10x | as long as short |
| Coinbase International PUMP-PERP-INTX | +0.0240% | 1h | 0.004300 | +0.014% | $652K | $5.4M | 50x | as long as short |
| Aftermath Perps PUMPUSD | +0.0303% | 1h | 0.004303 | +0.073% | $179 | $107K | 10x | as long as short |
| GMX PUMP/USD [WBTC.b-USDC] | L +0.0304% / S −0.0221% | 1h | 0.004298 | −0.033% | $66K | — | 100x | as long as short |
| BloFin PUMP-USDT | +0.0340% | 4h | 0.004293 | −0.149% | $3.4M | $3.6M | 75x | as long as short |
| Reya PUMPRUSDPERP | +0.0344% | 1h | 0.004297 | −0.048% | $2 | — | 3x | as long as short |
| Injective PUMP/USDC PERP | +0.0521% | 1h | 0.004324 | +0.572% | $38K | $207K | 12x | as long as short |
| Kraken Futures PF_PUMPUSDshort | +0.0690% | 1h | 0.004305 | +0.120% | $1.3M | $3.5M | 50x |
Paradex PUMP-USD-PERP
Hyperliquid PUMP
Aster PUMPUSDT
Pacifica PUMP
Ondo Perps PUMP-USD.P
Arcus PUMP-USD
KuCoin PUMPUSDTM
Bitget PUMPUSDT
BingX PUMP-USDT
edgeX PUMPUSDC
GRVT PUMP_USDT_Perp
ApeX Omni PUMPUSDT
Nado PUMP-PERP
Polymarket Perps PUMP-USD
Derive PUMP-PERP
SunX PUMP-USDT
SoDEX PUMP-USD
HTX PUMP-USDT
Phemex PUMPUSDT
Extended PUMP-USD
Aevo PUMP-PERP
RISEx PUMP/USDC
Phoenix PUMP
01 Exchange PUMPUSD
Coinbase International PUMP-PERP-INTX
Aftermath Perps PUMPUSD
GMX PUMP/USD [WBTC.b-USDC]
BloFin PUMP-USDT
Reya PUMPRUSDPERP
Injective PUMP/USDC PERP