Funding you earn now, next payment 03:00 UTC+0.1242%/8h= +136.0% APRnext payment +$1.55 per $10,000 · paid last 24h +0.305%
Price spread now: Kraken Futures against Popdex+1.593%7-day average +1.416% · 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−$41as in the Price arb table
costs, in and out, $10k−$590.587% of the position
Funding, last 4 days (all we have)+0.432%+$43 on $10k
+Price spread, last 4 days (all we have)+0.542%+$54 · spread now +1.593%, 7d avg +1.416%
=Both sides work for this trade now. Funding pays +$37 a day on $10k at the current rate, and Kraken Futures is 0.177% dearer against Popdex than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +1.416%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.432% in total (about 44.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.55 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 | Popdex PUMPUSDT | 0.004400 | 0.0096 | pay 0.0012% / 1h | 14m 22s | $31K | $792K | 20x |
| Short | Kraken Futures PF_PUMPUSD | 0.004470 | 0.1338 | get 0.0167% / 1h | 14m 22s | $1.1M | $3.3M | 50x |
Popdex PUMPUSDT
Kraken Futures PF_PUMPUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Popdex. 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
- $260.89
- Price spread: +1.593% → +1.416%
- $17.69
- Slippage, 4 orders
- −$42.32
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $219.86
- Costs to cover
- 0.587%
- Break-even
- 1.1 days
Slippage from Popdex: live order book, 50 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 Popdex live order book, 50 min ago | 1.11 bp | 14.6 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 3.34 bp | 12.7 bp −$13 | 42.6 bp −$426 | 283.4 bp −$28.3K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Perpl PUMP | −0.0112% | 43m | 0.004462 | +1.409% | $18K | $230K | 20x | as long as short |
| dYdX PUMP-USD | −0.0008% | 1h | 0.004466 | +1.502% | $20K | $9K | 5x | as long as short |
| gTrade (Gains Network) PUMP/USD | L +0.0002% / S −0.0002% | 1h | 0.004462 | +1.407% | $54K | — | 150x | as long as short |
| Lighter PUMP | +0.0096% | 1h | 0.004466 | +1.500% | $2.9M | $5.5M | 10x | as long as short |
| Popdex PUMPUSDTlong | +0.0096% | 1h | 0.004400 | long leg | $31K | $792K | 20x | |
| Orderly PERP_PUMP_USDC | +0.0099% | 4h | 0.004468 | +1.545% | $42K | $10K | 10x | as long as short |
| Nado PUMP-PERP | +0.0100% | 1h | 0.004462 | +1.420% | $1.7M | $2.0M | 10x | as long as short |
| Aster PUMPUSDT | +0.0100% | 4h | 0.004466 | +1.500% | $703K | $2.4M | 50x | as long as short |
| Pacifica PUMP | +0.0100% | 1h | 0.004465 | +1.477% | $488K | $783K | 10x | as long as short |
| Binance PUMPUSDT | +0.0100% | 4h | 0.004465 | +1.485% | $81.2M | $170.6M | 75x | as long as short |
Perpl PUMP
dYdX PUMP-USD
gTrade (Gains Network) PUMP/USD
Lighter PUMP
Orderly PERP_PUMP_USDC
Nado PUMP-PERP
Aster PUMPUSDT
Pacifica PUMP
Binance PUMPUSDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX PUMP-USDT-SWAP | +0.0100% | 4h | 0.004462 | +1.409% | $24.3M | $98.2M | 50x | as long as short |
| Ondo Perps PUMP-USD.P | +0.0100% | 1h | 0.004463 | +1.436% | $37K | $191K | 5x | as long as short |
| Arcus PUMP-USD | +0.0100% | 1h | 0.004468 | +1.545% | $61K | $86K | 10x | as long as short |
| Gate PUMP_USDT | +0.0100% | 4h | 0.004464 | +1.455% | $4.9M | $11.3M | 75x | as long as short |
| KuCoin PUMPUSDTM | +0.0100% | 4h | 0.004467 | +1.523% | $23.8M | $13.9M | 50x | as long as short |
| Bitget PUMPUSDT | +0.0100% | 4h | 0.004464 | +1.455% | $17.7M | $20.0M | 75x | as long as short |
| BingX PUMP-USDT | +0.0100% | 4h | 0.004464 | +1.455% | — | $12.9M | — | as long as short |
| Backpack PUMP_USDC_PERP | +0.0100% | 1h | 0.004467 | +1.516% | $792K | $189K | 5x | as long as short |
| edgeX PUMPUSDC | +0.0100% | 4h | 0.004478 | +1.776% | $65K | $3.1M | 20x | as long as short |
| GRVT PUMP_USDT_Perp | +0.0100% | 4h | 0.004474 | +1.677% | $1.2M | $10.7M | 10x | as long as short |
| ApeX Omni PUMPUSDT | +0.0100% | 1h | 0.004479 | +1.795% | $149K | $751K | 50x | as long as short |
| Polymarket Perps PUMP-USD | +0.0100% | 1h | 0.004467 | +1.523% | $107K | $2.1M | 10x | as long as short |
| Derive PUMP-PERP | +0.0100% | 1h | 0.004467 | +1.525% | $5K | $13K | 6.7x | as long as short |
| SunX PUMP-USDT | +0.0100% | 4h | 0.004468 | +1.545% | $2K | $755K | 20x | as long as short |
| SoDEX PUMP-USD | +0.0100% | 1h | 0.004468 | +1.545% | $280 | $7K | 10x | as long as short |
| HTX PUMP-USDT | +0.0100% | 4h | 0.004457 | +1.295% | $21K | $119K | 20x | as long as short |
| Phemex PUMPUSDT | +0.0100% | 4h | 0.004468 | +1.545% | $2.0M | $4.0M | 20x | as long as short |
| Paradex PUMP-USD-PERP | +0.0101% | 8h | 0.004467 | +1.515% | $42K | $276 | 5x | as long as short |
| Aevo PUMP-PERP | +0.0104% | 1h | 0.004468 | +1.545% | $71K | $11K | 3x | as long as short |
| GMX PUMP/USD [WBTC.b-USDC] | L +0.0191% / S −0.0050% | 1h | 0.004467 | +1.523% | $60K | — | 100x | as long as short |
| Deribit PUMP_USDC-PERPETUAL | +0.0198% | 1h | 0.004469 | +1.568% | $71K | $124K | 25x | as long as short |
| Extended PUMP-USD | +0.0264% | 1h | 0.004465 | +1.484% | $3.9M | $4.3M | 50x | as long as short |
| 01 Exchange PUMPUSD | +0.0296% | 1h | 0.004468 | +1.545% | $6K | $727 | 10x | as long as short |
| Phoenix PUMP | +0.0321% | 1h | 0.004476 | +1.725% | $43K | $103K | 10x | as long as short |
| BloFin PUMP-USDT | +0.0340% | 4h | 0.004467 | +1.523% | $3.7M | $4.5M | 75x | as long as short |
| Reya PUMPRUSDPERP | +0.0344% | 1h | 0.004463 | +1.426% | $2 | — | 3x | as long as short |
| Coinbase International PUMP-PERP-INTX | +0.0448% | 1h | 0.004468 | +1.545% | $712K | $6.0M | 50x | as long as short |
| Hyperliquid PUMP | +0.0494% | 1h | 0.004470 | +1.591% | $167.2M | $55.9M | 10x | as long as short |
| RISEx PUMP/USDC | +0.0544% | 1h | 0.004469 | +1.557% | $531K | $994K | 10x | as long as short |
| Aftermath Perps PUMPUSD | +0.0872% | 1h | 0.004471 | +1.616% | $590 | $117K | 10x | as long as short |
| Injective PUMP/USDC PERP | +0.0880% | 1h | 0.004455 | +1.250% | $39K | $204K | 12x | as long as short |
| Kraken Futures PF_PUMPUSDshort | +0.1338% | 1h | 0.004470 | +1.593% | $1.1M | $3.3M | 50x |
OKX PUMP-USDT-SWAP
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
Polymarket Perps PUMP-USD
Derive PUMP-PERP
SunX PUMP-USDT
SoDEX PUMP-USD
HTX PUMP-USDT
Phemex PUMPUSDT
Paradex PUMP-USD-PERP
Aevo PUMP-PERP
GMX PUMP/USD [WBTC.b-USDC]
Deribit PUMP_USDC-PERPETUAL
Extended PUMP-USD
01 Exchange PUMPUSD
Phoenix PUMP
BloFin PUMP-USDT
Reya PUMPRUSDPERP
Coinbase International PUMP-PERP-INTX
Hyperliquid PUMP
RISEx PUMP/USDC
Aftermath Perps PUMPUSD
Injective PUMP/USDC PERP