Funding you earn now, next payment 23:00 UTC−0.0543%/8h= −59.5% APRnext payment −$0.68 per $10,000 · paid last 24h −0.264%
Price spread now: Coinbase International against Kraken Futures−0.193%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$740.736% of the position
Funding, last 7 days−0.224%−$22 on $10k
+Price spread, last 3 days (all we have)+0.098%+$10 · spread now −0.193%, 7d avg −0.037%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Coinbase International is 0.156% cheaper against Kraken Futures than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.037%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.224% in total (about -11.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.68 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 | Kraken Futures PF_PUMPUSD | 0.004417 | 0.0855 | pay 0.0107% / 1h | 55m 06s | $1.3M | $3.5M | 50x |
| Short | Coinbase International PUMP-PERP-INTX | 0.004408 | 0.0312 | get 0.0039% / 1h | 55m 06s | $697K | $5.6M | 50x |
Kraken Futures PF_PUMPUSD
Coinbase International PUMP-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Kraken Futures. 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
- −$114.1
- Price spread: −0.193% → −0.037%
- −$15.65
- Slippage, 4 orders
- −$53.56
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$203.3
- Costs to cover
- 0.736%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 4 min ago; Coinbase International: 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 Kraken Futures live order book, 4 min ago | 9.09 bp | 20.3 bp −$20 | 41.1 bp −$411 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 4 min ago | 5.68 bp | 10.7 bp −$11 | 16.2 bp −$162 | 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX PUMP-USDT-SWAP | −0.0017% | 4h | 0.004410 | −0.148% | $23.0M | $97.5M | 50x | as long as short |
| dYdX PUMP-USD | 0.0000% | 1h | 0.004400 | −0.374% | $20K | $9K | 5x | as long as short |
| Perpl PUMP | 0.0000% | 43m | 0.004403 | −0.306% | $18K | $204K | 20x | as long as short |
| Orderly PERP_PUMP_USDC | +0.0002% | 4h | 0.004408 | −0.193% | $41K | $10K | 10x | as long as short |
| gTrade (Gains Network) PUMP/USD | L +0.0003% / S −0.0002% | 1h | 0.004406 | −0.233% | $56K | — | 150x | as long as short |
| Lighter PUMP | +0.0096% | 1h | 0.004410 | −0.148% | $2.9M | $5.5M | 10x | as long as short |
| Popdex PUMPUSDT | +0.0096% | 1h | 0.004400 | −0.374% | $29K | $765K | 20x | as long as short |
| Paradex PUMP-USD-PERP | +0.0100% | 8h | 0.004405 | −0.255% | $42K | — | 5x | as long as short |
| Aster PUMPUSDT | +0.0100% | 4h | 0.004410 | −0.143% | $784K | $2.3M | 50x | as long as short |
| Pacifica PUMP | +0.0100% | 1h | 0.004403 | −0.306% | $459K | $605K | 10x | as long as short |
OKX PUMP-USDT-SWAP
dYdX PUMP-USD
Perpl PUMP
Orderly PERP_PUMP_USDC
gTrade (Gains Network) PUMP/USD
Lighter PUMP
Popdex PUMPUSDT
Paradex PUMP-USD-PERP
Aster PUMPUSDT
Pacifica PUMPShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance PUMPUSDT | +0.0100% | 4h | 0.004411 | −0.133% | $78.6M | $164.5M | 75x | as long as short |
| Ondo Perps PUMP-USD.P | +0.0100% | 1h | 0.004399 | −0.406% | $26K | $176K | 5x | as long as short |
| Arcus PUMP-USD | +0.0100% | 1h | 0.004406 | −0.238% | $43K | $53K | 10x | as long as short |
| Gate PUMP_USDT | +0.0100% | 4h | 0.004410 | −0.148% | $4.7M | $11.4M | 75x | as long as short |
| KuCoin PUMPUSDTM | +0.0100% | 4h | 0.004415 | −0.035% | $23.4M | $13.8M | 50x | as long as short |
| Bitget PUMPUSDT | +0.0100% | 4h | 0.004411 | −0.125% | $17.6M | $19.2M | 75x | as long as short |
| BingX PUMP-USDT | +0.0100% | 4h | 0.004410 | −0.148% | — | $12.8M | — | as long as short |
| Backpack PUMP_USDC_PERP | +0.0100% | 1h | 0.004412 | −0.096% | $786K | $183K | 5x | as long as short |
| edgeX PUMPUSDC | +0.0100% | 4h | 0.004401 | −0.347% | $65K | $3.0M | 20x | as long as short |
| GRVT PUMP_USDT_Perp | +0.0100% | 4h | 0.004402 | −0.329% | $1.2M | $9.9M | 10x | as long as short |
| ApeX Omni PUMPUSDT | +0.0100% | 1h | 0.004402 | −0.329% | $139K | $767K | 50x | as long as short |
| Nado PUMP-PERP | +0.0100% | 1h | 0.004405 | −0.272% | $1.6M | $2.0M | 10x | as long as short |
| Polymarket Perps PUMP-USD | +0.0100% | 1h | 0.004408 | −0.193% | $98K | $1.9M | 10x | as long as short |
| Derive PUMP-PERP | +0.0100% | 1h | 0.004409 | −0.172% | $5K | $13K | 6.7x | as long as short |
| SunX PUMP-USDT | +0.0100% | 4h | 0.004413 | −0.080% | $2K | $718K | 20x | as long as short |
| SoDEX PUMP-USD | +0.0100% | 1h | 0.004411 | −0.125% | $288 | $7K | 10x | as long as short |
| HTX PUMP-USDT | +0.0100% | 4h | 0.004398 | −0.420% | $22K | $138K | 20x | as long as short |
| Phemex PUMPUSDT | +0.0100% | 4h | 0.004411 | −0.125% | $2.0M | $4.0M | 20x | as long as short |
| Extended PUMP-USD | +0.0104% | 1h | 0.004411 | −0.132% | $3.6M | $3.8M | 50x | as long as short |
| Aevo PUMP-PERP | +0.0104% | 1h | 0.004411 | −0.125% | $73K | $18K | 3x | as long as short |
| Injective PUMP/USDC PERP | +0.0182% | 1h | 0.004404 | −0.284% | $39K | $207K | 12x | as long as short |
| Phoenix PUMP | +0.0185% | 1h | 0.004394 | −0.499% | $39K | $100K | 10x | as long as short |
| RISEx PUMP/USDC | +0.0194% | 1h | 0.004407 | −0.205% | $491K | $1.0M | 10x | as long as short |
| Deribit PUMP_USDC-PERPETUAL | +0.0204% | 1h | 0.004411 | −0.125% | $70K | $126K | 25x | as long as short |
| Coinbase International PUMP-PERP-INTXshort | +0.0312% | 1h | 0.004408 | −0.193% | $697K | $5.6M | 50x | |
| GMX PUMP/USD [WBTC.b-USDC] | L +0.0319% / S −0.0239% | 1h | 0.004405 | −0.261% | $69K | — | 100x | as long as short |
| 01 Exchange PUMPUSD | +0.0328% | 1h | 0.004409 | −0.171% | $6K | $497 | 10x | as long as short |
| BloFin PUMP-USDT | +0.0340% | 4h | 0.004412 | −0.103% | $3.5M | $3.9M | 75x | as long as short |
| Reya PUMPRUSDPERP | +0.0344% | 1h | 0.004405 | −0.263% | $2 | — | 3x | as long as short |
| Aftermath Perps PUMPUSD | +0.0440% | 1h | 0.004390 | −0.596% | $183 | $106K | 10x | as long as short |
| Hyperliquid PUMP | +0.0633% | 1h | 0.004418 | +0.033% | $162.6M | $52.8M | 10x | as long as short |
| Kraken Futures PF_PUMPUSDlong | +0.0855% | 1h | 0.004417 | long leg | $1.3M | $3.5M | 50x |
Binance PUMPUSDT
Ondo Perps PUMP-USD.P
Arcus PUMP-USD
Gate PUMP_USDT
KuCoin PUMPUSDTM
Bitget PUMPUSDT
BingX PUMP-USDT
Backpack PUMP_USDC_PERP
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
Injective PUMP/USDC PERP
Phoenix PUMP
RISEx PUMP/USDC
Deribit PUMP_USDC-PERPETUAL
GMX PUMP/USD [WBTC.b-USDC]
01 Exchange PUMPUSD
BloFin PUMP-USDT
Reya PUMPRUSDPERP
Aftermath Perps PUMPUSD
Hyperliquid PUMP