Funding you earn now, next payment 01:00 UTC−0.0634%/8h= −69.4% APRnext payment −$0.79 per $10,000 · paid last 24h −0.220%
Price spread now: RISEx against Kraken Futures+0.138%7-day average −0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$510.508% of the position
Funding, last 3 days (all we have)−0.211%−$21 on $10k
+Price spread, last 3 days (all we have)−0.139%−$14 · spread now +0.138%, 7d avg −0.022%
=The price spread pays, funding is against you. RISEx is 0.160% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.138% now, against its 7-day average of −0.022%): +$16 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 20 hours. At the pace of the last 3 days (−0.211% in total) that is about 2.6 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.211% in total (about -22.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.79 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 | 0.004423 | 0.0930 | pay 0.0116% / 1h | 37m 30s | $1.3M | $3.5M | 50x |
| Short | RISEx PUMP/USDC | 0.004429 | 0.0297 | get 0.0037% / 1h | 37m 30s | $482K | $1.0M | 10x |
Kraken Futures PF_PUMPUSD
RISEx PUMP/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- −$133.05
- Price spread: +0.138% → −0.022%
- $16.02
- Slippage, 4 orders
- −$34.75
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$167.77
- Costs to cover
- 0.508%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 1 min ago; RISEx: live order book, 1 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, 1 min ago | 5.66 bp | 21.2 bp −$21 | 26.8 bp −$268 | doesn't fit | doesn't fit |
| Sell RISEx live order book, 1 min ago | 3.39 bp | 6.4 bp −$6 | 18.0 bp −$180 | 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 | −0.0014% | 1h | 0.004417 | −0.122% | $20K | $9K | 5x | as long as short |
| Perpl PUMP | 0.0000% | 43m | 0.004425 | +0.056% | $18K | $210K | 20x | as long as short |
| Deribit PUMP_USDC-PERPETUAL | 0.0000% | 1h | 0.004419 | −0.080% | $70K | $125K | 25x | as long as short |
| gTrade (Gains Network) PUMP/USD | L +0.0003% / S −0.0002% | 1h | 0.004416 | −0.146% | $55K | — | 150x | as long as short |
| Orderly PERP_PUMP_USDC | +0.0044% | 4h | 0.004418 | −0.103% | $42K | $10K | 10x | as long as short |
| OKX PUMP-USDT-SWAP | +0.0048% | 4h | 0.004426 | +0.078% | $23.2M | $98.1M | 50x | as long as short |
| Backpack PUMP_USDC_PERP | +0.0085% | 1h | 0.004419 | −0.078% | $787K | $177K | 5x | as long as short |
| Lighter PUMP | +0.0096% | 1h | 0.004416 | −0.148% | $2.9M | $5.4M | 10x | as long as short |
| Popdex PUMPUSDT | +0.0096% | 1h | 0.004400 | −0.510% | $33K | $777K | 20x | as long as short |
| Paradex PUMP-USD-PERP | +0.0100% | 8h | 0.004424 | +0.043% | $43K | — | 5x | as long as short |
dYdX PUMP-USD
Perpl PUMP
Deribit PUMP_USDC-PERPETUAL
gTrade (Gains Network) PUMP/USD
Orderly PERP_PUMP_USDC
OKX PUMP-USDT-SWAP
Backpack PUMP_USDC_PERP
Lighter PUMP
Popdex PUMPUSDT
Paradex PUMP-USD-PERPShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado PUMP-PERP | +0.0100% | 1h | 0.004425 | +0.067% | $1.6M | $2.0M | 10x | as long as short |
| Aster PUMPUSDT | +0.0100% | 4h | 0.004418 | −0.098% | $723K | $2.3M | 50x | as long as short |
| Pacifica PUMP | +0.0100% | 1h | 0.004418 | −0.103% | $461K | $602K | 10x | as long as short |
| Binance PUMPUSDT | +0.0100% | 4h | 0.004426 | +0.078% | $79.2M | $164.3M | 75x | as long as short |
| Ondo Perps PUMP-USD.P | +0.0100% | 1h | 0.004400 | −0.503% | $26K | $166K | 5x | as long as short |
| Arcus PUMP-USD | +0.0100% | 1h | 0.004428 | +0.123% | $43K | $53K | 10x | as long as short |
| Gate PUMP_USDT | +0.0100% | 4h | 0.004425 | +0.056% | $4.8M | $10.5M | 75x | as long as short |
| KuCoin PUMPUSDTM | +0.0100% | 4h | 0.004429 | +0.146% | $23.5M | $13.8M | 50x | as long as short |
| Bitget PUMPUSDT | +0.0100% | 4h | 0.004427 | +0.101% | $17.7M | $19.2M | 75x | as long as short |
| BingX PUMP-USDT | +0.0100% | 4h | 0.004428 | +0.123% | — | $12.8M | — | as long as short |
| edgeX PUMPUSDC | +0.0100% | 4h | 0.004399 | −0.525% | $65K | $3.0M | 20x | as long as short |
| GRVT PUMP_USDT_Perp | +0.0100% | 4h | 0.004401 | −0.498% | $1.2M | $10.2M | 10x | as long as short |
| ApeX Omni PUMPUSDT | +0.0100% | 1h | 0.004403 | −0.442% | $139K | $760K | 50x | as long as short |
| Polymarket Perps PUMP-USD | +0.0100% | 1h | 0.004432 | +0.214% | $100K | $1.9M | 10x | as long as short |
| Derive PUMP-PERP | +0.0100% | 1h | 0.004418 | −0.102% | $5K | $13K | 6.7x | as long as short |
| SunX PUMP-USDT | +0.0100% | 4h | 0.004420 | −0.057% | $2K | $723K | 20x | as long as short |
| SoDEX PUMP-USD | +0.0100% | 1h | 0.004417 | −0.125% | $278 | $7K | 10x | as long as short |
| HTX PUMP-USDT | +0.0100% | 4h | 0.004414 | −0.193% | $21K | $137K | 20x | as long as short |
| Phemex PUMPUSDT | +0.0100% | 4h | 0.004415 | −0.170% | $2.0M | $4.0M | 20x | as long as short |
| Extended PUMP-USD | +0.0104% | 1h | 0.004427 | +0.091% | $3.6M | $3.6M | 50x | as long as short |
| Aevo PUMP-PERP | +0.0104% | 1h | 0.004417 | −0.125% | $70K | $12K | 3x | as long as short |
| 01 Exchange PUMPUSD | +0.0208% | 1h | 0.004431 | +0.191% | $6K | $830 | 10x | as long as short |
| Phoenix PUMP | +0.0237% | 1h | 0.004421 | −0.026% | $40K | $99K | 10x | as long as short |
| RISEx PUMP/USDCshort | +0.0297% | 1h | 0.004429 | +0.138% | $482K | $1.0M | 10x | |
| Hyperliquid PUMP | +0.0303% | 1h | 0.004434 | +0.259% | $163.3M | $52.6M | 10x | as long as short |
| BloFin PUMP-USDT | +0.0340% | 4h | 0.004404 | −0.419% | $3.5M | $4.1M | 75x | as long as short |
| Reya PUMPRUSDPERP | +0.0344% | 1h | 0.004427 | +0.097% | $2 | — | 3x | as long as short |
| GMX PUMP/USD [WBTC.b-USDC] | L +0.0348% / S −0.0290% | 1h | 0.004415 | −0.170% | $74K | — | 100x | as long as short |
| Coinbase International PUMP-PERP-INTX | +0.0352% | 1h | 0.004422 | −0.012% | $691K | $5.6M | 50x | as long as short |
| Injective PUMP/USDC PERP | +0.0480% | 1h | 0.004408 | −0.329% | $39K | $203K | 12x | as long as short |
| Aftermath Perps PUMPUSD | +0.0594% | 1h | 0.004395 | −0.621% | $384 | $106K | 10x | as long as short |
| Kraken Futures PF_PUMPUSDlong | +0.0930% | 1h | 0.004423 | long leg | $1.3M | $3.5M | 50x |
Nado PUMP-PERP
Aster PUMPUSDT
Pacifica PUMP
Binance PUMPUSDT
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
Derive PUMP-PERP
SunX PUMP-USDT
SoDEX PUMP-USD
HTX PUMP-USDT
Phemex PUMPUSDT
Extended PUMP-USD
Aevo PUMP-PERP
01 Exchange PUMPUSD
Phoenix PUMP
Hyperliquid PUMP
BloFin PUMP-USDT
Reya PUMPRUSDPERP
GMX PUMP/USD [WBTC.b-USDC]
Coinbase International PUMP-PERP-INTX
Injective PUMP/USDC PERP
Aftermath Perps PUMPUSD