Funding you earn now, next payment 22:00 UTC−0.0586%/8h= −64.2% APRpaid last 24h −0.269%
Price spread now: Bitget against Kraken Futures−0.117%7-day average −0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$570.572% of the position
Funding, last 7 days−0.184%−$18 on $10k
+Price spread, last 3 days (all we have)+0.064%+$6 · spread now −0.117%, 7d avg −0.059%
=Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Bitget is 0.059% cheaper against Kraken Futures than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.059%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.184% in total (about -9.6% 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 | Kraken Futures PF_PUMPUSD | 0.004328 | 0.0686 | pay 0.0086% / 1h | 10m 37s | $1.3M | $3.5M | 50x |
| Short | Bitget PUMPUSDT | 0.004323 | 0.0100 | get 0.0050% / 4h | 2h 10m | $17.1M | $19.1M | 75x |
Kraken Futures PF_PUMPUSD
Bitget PUMPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$123.08
- Price spread: −0.117% → −0.059%
- −$5.85
- Slippage, 4 orders
- −$35.23
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$186.16
- Costs to cover
- 0.572%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 3 min ago; Bitget: live order book, 8 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, 3 min ago | 6.93 bp | 14.2 bp −$14 | 29.1 bp −$291 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 8 min ago | 2.31 bp | 14.8 bp −$15 | 22.0 bp −$220 | 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 | −0.5165% | 1h | 0.004326 | −0.053% | $20K | $8K | 5x | as long as short |
| Backpack PUMP_USDC_PERP | −0.0237% | 1h | 0.004323 | −0.113% | $771K | $183K | 5x | as long as short |
| Perpl PUMP | −0.0112% | 43m | 0.004320 | −0.186% | $20K | $206K | 20x | as long as short |
| OKX PUMP-USDT-SWAP | −0.0062% | 4h | 0.004324 | −0.094% | $22.6M | $95.7M | 50x | as long as short |
| Orderly PERP_PUMP_USDC | −0.0027% | 4h | 0.004322 | −0.140% | $41K | $10K | 10x | as long as short |
| Deribit PUMP_USDC-PERPETUAL | 0.0000% | 1h | 0.004325 | −0.071% | $69K | $126K | 25x | as long as short |
| gTrade (Gains Network) PUMP/USD | L +0.0002% / S −0.0002% | 1h | 0.004323 | −0.128% | $55K | — | 150x | as long as short |
| Gate PUMP_USDT | +0.0058% | 4h | 0.004325 | −0.071% | $4.6M | $11.7M | 75x | as long as short |
| 01 Exchange PUMPUSD | +0.0080% | 1h | 0.004327 | −0.025% | $6K | $497 | 10x | as long as short |
| Lighter PUMP | +0.0096% | 1h | 0.004324 | −0.094% | $2.9M | $5.5M | 10x | as long as short |
dYdX PUMP-USD
Backpack PUMP_USDC_PERP
Perpl PUMP
OKX PUMP-USDT-SWAP
Orderly PERP_PUMP_USDC
Deribit PUMP_USDC-PERPETUAL
gTrade (Gains Network) PUMP/USD
Gate PUMP_USDT
01 Exchange PUMPUSD
Lighter PUMPShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex PUMPUSDT | +0.0096% | 1h | 0.004300 | −0.649% | $29K | $767K | 20x | as long as short |
| Paradex PUMP-USD-PERP | +0.0100% | 8h | 0.004325 | −0.068% | $42K | — | 5x | as long as short |
| Hyperliquid PUMP | +0.0100% | 1h | 0.004331 | +0.068% | $158.7M | $52.5M | 10x | as long as short |
| Aster PUMPUSDT | +0.0100% | 4h | 0.004321 | −0.153% | $779K | $2.0M | 50x | as long as short |
| Pacifica PUMP | +0.0100% | 1h | 0.004325 | −0.071% | $448K | $611K | 10x | as long as short |
| Binance PUMPUSDT | +0.0100% | 4h | 0.004325 | −0.074% | $76.8M | $163.9M | 75x | as long as short |
| Ondo Perps PUMP-USD.P | +0.0100% | 1h | 0.004319 | −0.207% | $25K | $178K | 5x | as long as short |
| Arcus PUMP-USD | +0.0100% | 1h | 0.004325 | −0.071% | $42K | $53K | 10x | as long as short |
| KuCoin PUMPUSDTM | +0.0100% | 4h | 0.004327 | −0.025% | $22.8M | $13.9M | 50x | as long as short |
| Bitget PUMPUSDTshort | +0.0100% | 4h | 0.004323 | −0.117% | $17.1M | $19.1M | 75x | |
| BingX PUMP-USDT | +0.0100% | 4h | 0.004324 | −0.094% | — | $12.7M | — | as long as short |
| edgeX PUMPUSDC | +0.0100% | 4h | 0.004326 | −0.049% | $63K | $3.0M | 20x | as long as short |
| GRVT PUMP_USDT_Perp | +0.0100% | 4h | 0.004322 | −0.142% | $1.2M | $9.7M | 10x | as long as short |
| ApeX Omni PUMPUSDT | +0.0100% | 1h | 0.004329 | +0.021% | $137K | $772K | 50x | as long as short |
| Nado PUMP-PERP | +0.0100% | 1h | 0.004324 | −0.082% | $1.6M | $2.0M | 10x | as long as short |
| Polymarket Perps PUMP-USD | +0.0100% | 1h | 0.004324 | −0.094% | $91K | $1.9M | 10x | as long as short |
| Derive PUMP-PERP | +0.0100% | 1h | 0.004322 | −0.133% | $4K | $13K | 6.7x | as long as short |
| SunX PUMP-USDT | +0.0100% | 4h | 0.004324 | −0.094% | $2K | $710K | 20x | as long as short |
| SoDEX PUMP-USD | +0.0100% | 1h | 0.004322 | −0.140% | $713 | $6K | 10x | as long as short |
| HTX PUMP-USDT | +0.0100% | 4h | 0.004321 | −0.163% | $21K | $147K | 20x | as long as short |
| Phemex PUMPUSDT | +0.0100% | 4h | 0.004323 | −0.117% | $2.0M | $4.0M | 20x | as long as short |
| Extended PUMP-USD | +0.0104% | 1h | 0.004324 | −0.094% | $3.6M | $3.7M | 50x | as long as short |
| Aevo PUMP-PERP | +0.0104% | 1h | 0.004322 | −0.140% | $71K | $18K | 3x | as long as short |
| RISEx PUMP/USDC | +0.0125% | 1h | 0.004327 | −0.027% | $491K | $1.0M | 10x | as long as short |
| Phoenix PUMP | +0.0129% | 1h | 0.004326 | −0.039% | $39K | $99K | 10x | as long as short |
| Coinbase International PUMP-PERP-INTX | +0.0240% | 1h | 0.004334 | +0.137% | $658K | $5.4M | 50x | as long as short |
| GMX PUMP/USD [WBTC.b-USDC] | L +0.0307% / S −0.0225% | 1h | 0.004322 | −0.140% | $67K | — | 100x | as long as short |
| Aftermath Perps PUMPUSD | +0.0335% | 1h | 0.004329 | +0.012% | $180 | $106K | 10x | as long as short |
| BloFin PUMP-USDT | +0.0340% | 4h | 0.004318 | −0.233% | $3.4M | $3.7M | 75x | as long as short |
| Reya PUMPRUSDPERP | +0.0344% | 1h | 0.004322 | −0.133% | $2 | — | 3x | as long as short |
| Injective PUMP/USDC PERP | +0.0521% | 1h | 0.004324 | −0.094% | $38K | $207K | 12x | as long as short |
| Kraken Futures PF_PUMPUSDlong | +0.0686% | 1h | 0.004328 | long leg | $1.3M | $3.5M | 50x |
Popdex PUMPUSDT
Paradex PUMP-USD-PERP
Hyperliquid PUMP
Aster PUMPUSDT
Pacifica PUMP
Binance PUMPUSDT
Ondo Perps PUMP-USD.P
Arcus PUMP-USD
KuCoin PUMPUSDTM
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
Coinbase International PUMP-PERP-INTX
GMX PUMP/USD [WBTC.b-USDC]
Aftermath Perps PUMPUSD
BloFin PUMP-USDT
Reya PUMPRUSDPERP
Injective PUMP/USDC PERP