Funding you earn now, next payment 22:00 UTC+0.0589%/8h= +64.5% APRpaid last 24h +0.269%
Price spread now: Kraken Futures against BingX+0.046%7-day average +0.076% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$500.504% of the position
Funding, last 7 days+0.180%+$18 on $10k
+Price spread, last 3 days (all we have)−0.027%−$3 · spread now +0.046%, 7d avg +0.076%
=Funding pays, the price is against you. Kraken Futures is 0.030% cheaper against BingX than usual: you would sell low and buy high (spread +0.046% now, against its 7-day average of +0.076%). If the spread goes back, that is −$3 on $10k: about 4 hours of funding at the current rate (+$18 a day). At the pace of the last 7 days (+0.180% in total) that is about 28 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.180% in total (about 9.4% 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 | BingX PUMP-USDT | 0.004307 | 0.0100 | pay 0.0050% / 4h | 2h 49m | — | $12.8M | — |
| Short | Kraken Futures PF_PUMPUSD | 0.004309 | 0.0689 | get 0.0086% / 1h | 49m 52s | $1.3M | $3.5M | 50x |
BingX PUMP-USDT
Kraken Futures PF_PUMPUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BingX. 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
- $123.71
- Price spread: +0.046% → +0.076%
- −$3.05
- Slippage, 4 orders
- −$30.4
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $70.26
- Costs to cover
- 0.504%
- Break-even
- 3.0 days
Slippage from BingX: live order book, 3 min ago; Kraken Futures: live order book, 4 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 BingX live order book, 3 min ago | 1.16 bp | 6.2 bp −$6 | 9.0 bp −$90 | 44.3 bp −$4,426 | 187.0 bp −$93.5K |
| Sell Kraken Futures live order book, 4 min ago | 10.42 bp | 21.6 bp −$22 | 53.1 bp −$531 | 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 | −0.3970% | 1h | 0.004305 | −0.048% | $20K | $8K | 5x | as long as short |
| Backpack PUMP_USDC_PERP | −0.0482% | 1h | 0.004305 | −0.049% | $770K | $185K | 5x | as long as short |
| OKX PUMP-USDT-SWAP | −0.0074% | 4h | 0.004306 | −0.023% | $22.6M | $94.6M | 50x | as long as short |
| Orderly PERP_PUMP_USDC | −0.0016% | 4h | 0.004304 | −0.070% | $40K | $10K | 10x | as long as short |
| Perpl PUMP | 0.0000% | 43m | 0.004302 | −0.116% | $19K | $203K | 20x | as long as short |
| Deribit PUMP_USDC-PERPETUAL | 0.0000% | 1h | 0.004308 | +0.023% | $68K | $126K | 25x | as long as short |
| gTrade (Gains Network) PUMP/USD | L +0.0003% / S −0.0002% | 1h | 0.004306 | −0.025% | $55K | — | 150x | as long as short |
| Gate PUMP_USDT | +0.0076% | 4h | 0.004307 | 0.000% | $4.6M | $11.6M | 75x | as long as short |
| Lighter PUMP | +0.0096% | 1h | 0.004304 | −0.070% | $2.9M | $5.5M | 10x | as long as short |
| Popdex PUMPUSDT | +0.0096% | 1h | 0.004300 | −0.163% | $29K | $775K | 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 | 0.004303 | −0.087% | $41K | — | 5x | as long as short |
| Nado PUMP-PERP | +0.0100% | 1h | 0.004302 | −0.104% | $1.6M | $2.0M | 10x | as long as short |
| Hyperliquid PUMP | +0.0100% | 1h | 0.004312 | +0.116% | $157.8M | $52.1M | 10x | as long as short |
| Aster PUMPUSDT | +0.0100% | 4h | 0.004305 | −0.046% | $782K | $2.1M | 50x | as long as short |
| Pacifica PUMP | +0.0100% | 1h | 0.004303 | −0.093% | $447K | $614K | 10x | as long as short |
| Binance PUMPUSDT | +0.0100% | 4h | 0.004309 | +0.038% | $76.5M | $164.9M | 75x | as long as short |
| Ondo Perps PUMP-USD.P | +0.0100% | 1h | 0.004312 | +0.111% | $20K | $177K | 5x | as long as short |
| Arcus PUMP-USD | +0.0100% | 1h | 0.004303 | −0.093% | $42K | $53K | 10x | as long as short |
| KuCoin PUMPUSDTM | +0.0100% | 4h | 0.004309 | +0.046% | $22.7M | $13.9M | 50x | as long as short |
| Bitget PUMPUSDT | +0.0100% | 4h | 0.004307 | 0.000% | $17.0M | $19.2M | 75x | as long as short |
| BingX PUMP-USDTlong | +0.0100% | 4h | 0.004307 | long leg | — | $12.8M | — | |
| edgeX PUMPUSDC | +0.0100% | 4h | 0.004310 | +0.073% | $63K | $3.1M | 20x | as long as short |
| GRVT PUMP_USDT_Perp | +0.0100% | 4h | 0.004321 | +0.325% | $1.2M | $9.5M | 10x | as long as short |
| ApeX Omni PUMPUSDT | +0.0100% | 1h | 0.004314 | +0.163% | $136K | $767K | 50x | as long as short |
| Polymarket Perps PUMP-USD | +0.0100% | 1h | 0.004308 | +0.023% | $107K | $1.8M | 10x | as long as short |
| Derive PUMP-PERP | +0.0100% | 1h | 0.004306 | −0.023% | $4K | $13K | 6.7x | as long as short |
| SunX PUMP-USDT | +0.0100% | 4h | 0.004307 | 0.000% | $1K | $709K | 20x | as long as short |
| SoDEX PUMP-USD | +0.0100% | 1h | 0.004303 | −0.093% | $710 | $6K | 10x | as long as short |
| HTX PUMP-USDT | +0.0100% | 4h | 0.004301 | −0.139% | $21K | $146K | 20x | as long as short |
| Phemex PUMPUSDT | +0.0100% | 4h | 0.004302 | −0.116% | $2.0M | $4.0M | 20x | as long as short |
| Extended PUMP-USD | +0.0104% | 1h | 0.004308 | +0.027% | $3.5M | $3.7M | 50x | as long as short |
| Aevo PUMP-PERP | +0.0104% | 1h | 0.004304 | −0.070% | $71K | $18K | 3x | as long as short |
| RISEx PUMP/USDC | +0.0125% | 1h | 0.004305 | −0.046% | $490K | $1.0M | 10x | as long as short |
| Phoenix PUMP | +0.0129% | 1h | 0.004311 | +0.086% | $39K | $99K | 10x | as long as short |
| 01 Exchange PUMPUSD | +0.0144% | 1h | 0.004305 | −0.046% | $6K | $497 | 10x | as long as short |
| Coinbase International PUMP-PERP-INTX | +0.0240% | 1h | 0.004304 | −0.070% | $655K | $5.4M | 50x | as long as short |
| GMX PUMP/USD [WBTC.b-USDC] | L +0.0304% / S −0.0221% | 1h | 0.004305 | −0.046% | $67K | — | 100x | as long as short |
| Aftermath Perps PUMPUSD | +0.0327% | 1h | 0.004310 | +0.076% | $179 | $106K | 10x | as long as short |
| BloFin PUMP-USDT | +0.0340% | 4h | 0.004299 | −0.186% | $3.4M | $3.6M | 75x | as long as short |
| Reya PUMPRUSDPERP | +0.0344% | 1h | 0.004305 | −0.055% | $2 | — | 3x | as long as short |
| Injective PUMP/USDC PERP | +0.0521% | 1h | 0.004324 | +0.395% | $38K | $207K | 12x | as long as short |
| Kraken Futures PF_PUMPUSDshort | +0.0689% | 1h | 0.004309 | +0.046% | $1.3M | $3.5M | 50x |
Paradex PUMP-USD-PERP
Nado PUMP-PERP
Hyperliquid PUMP
Aster PUMPUSDT
Pacifica PUMP
Binance PUMPUSDT
Ondo Perps PUMP-USD.P
Arcus PUMP-USD
KuCoin PUMPUSDTM
Bitget PUMPUSDT
edgeX PUMPUSDC
GRVT PUMP_USDT_Perp
ApeX Omni PUMPUSDT
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
GMX PUMP/USD [WBTC.b-USDC]
Aftermath Perps PUMPUSD
BloFin PUMP-USDT
Reya PUMPRUSDPERP
Injective PUMP/USDC PERP