Funding you earn now, next payment 00:00 UTC−0.0765%/8h= −83.8% APRpaid last 24h −0.280%
Price spread now: Binance against Kraken Futures−0.027%7-day average −0.061% · you buy dearer than you sell
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$530.530% of the position
Funding, last 7 days−0.253%−$25 on $10k
+Price spread, last 3 days (all we have)−0.016%−$2 · spread now −0.027%, 7d avg −0.061%
=The price spread pays, funding is against you. Binance is 0.034% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.027% now, against its 7-day average of −0.061%): +$3 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.253% in total) that is about 22 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.253% in total (about -13.2% 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 | 0.004365 | 0.0865 | pay 0.0108% / 1h | 27m 05s | $1.3M | $3.5M | 50x |
| Short | Binance PUMPUSDT | 0.004364 | 0.0100 | get 0.0050% / 4h | 27m 05s | $77.8M | $164.0M | 75x |
Kraken Futures PF_PUMPUSD
Binance PUMPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$160.75
- Price spread: −0.027% → −0.061%
- $3.37
- Slippage, 4 orders
- −$32.98
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$210.36
- Costs to cover
- 0.530%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 2 min ago; Binance: 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, 2 min ago | 4.58 bp | 21.2 bp −$21 | 33.5 bp −$335 | doesn't fit | doesn't fit |
| Sell Binance live order book, 1 min ago | 1.15 bp | 8.1 bp −$8 | 11.8 bp −$118 | 49.6 bp −$4,965 | 251.7 bp −$125.9K |
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 | −0.0020% | 1h | 0.004357 | −0.169% | $20K | $9K | 5x | as long as short |
| Perpl PUMP | 0.0000% | 43m | 0.004356 | −0.202% | $18K | $205K | 20x | as long as short |
| gTrade (Gains Network) PUMP/USD | L +0.0002% / S −0.0002% | 1h | 0.004359 | −0.128% | $54K | — | 150x | as long as short |
| OKX PUMP-USDT-SWAP | +0.0007% | 4h | 0.004363 | −0.042% | $22.8M | $96.6M | 50x | as long as short |
| Orderly PERP_PUMP_USDC | +0.0014% | 4h | 0.004359 | −0.133% | $41K | $10K | 10x | as long as short |
| Lighter PUMP | +0.0096% | 1h | 0.004360 | −0.110% | $2.9M | $5.5M | 10x | as long as short |
| Popdex PUMPUSDT | +0.0096% | 1h | 0.004300 | −1.485% | $26K | $769K | 20x | as long as short |
| Paradex PUMP-USD-PERP | +0.0100% | 8h | 0.004358 | −0.151% | $42K | — | 5x | as long as short |
| Nado PUMP-PERP | +0.0100% | 1h | 0.004358 | −0.145% | $1.6M | $2.0M | 10x | as long as short |
| Aster PUMPUSDT | +0.0100% | 4h | 0.004360 | −0.121% | $727K | $2.3M | 50x | as long as short |
dYdX PUMP-USD
Perpl PUMP
gTrade (Gains Network) PUMP/USD
OKX PUMP-USDT-SWAP
Orderly PERP_PUMP_USDC
Lighter PUMP
Popdex PUMPUSDT
Paradex PUMP-USD-PERP
Nado PUMP-PERP
Aster PUMPUSDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica PUMP | +0.0100% | 1h | 0.004356 | −0.202% | $455K | $601K | 10x | as long as short |
| Binance PUMPUSDTshort | +0.0100% | 4h | 0.004364 | −0.027% | $77.8M | $164.0M | 75x | |
| Ondo Perps PUMP-USD.P | +0.0100% | 1h | 0.004358 | −0.163% | $26K | $163K | 5x | as long as short |
| Arcus PUMP-USD | +0.0100% | 1h | 0.004359 | −0.133% | $42K | $53K | 10x | as long as short |
| Gate PUMP_USDT | +0.0100% | 4h | 0.004357 | −0.179% | $4.7M | $11.5M | 75x | as long as short |
| KuCoin PUMPUSDTM | +0.0100% | 4h | 0.004362 | −0.065% | $23.2M | $13.9M | 50x | as long as short |
| Bitget PUMPUSDT | +0.0100% | 4h | 0.004364 | −0.019% | $17.4M | $19.1M | 75x | as long as short |
| BingX PUMP-USDT | +0.0100% | 4h | 0.004359 | −0.133% | — | $12.8M | — | as long as short |
| Backpack PUMP_USDC_PERP | +0.0100% | 1h | 0.004362 | −0.074% | $777K | $182K | 5x | as long as short |
| edgeX PUMPUSDC | +0.0100% | 4h | 0.004359 | −0.125% | $64K | $3.0M | 20x | as long as short |
| GRVT PUMP_USDT_Perp | +0.0100% | 4h | 0.004354 | −0.248% | $1.2M | $9.8M | 10x | as long as short |
| ApeX Omni PUMPUSDT | +0.0100% | 1h | 0.004363 | −0.042% | $138K | $763K | 50x | as long as short |
| Polymarket Perps PUMP-USD | +0.0100% | 1h | 0.004363 | −0.042% | $94K | $1.9M | 10x | as long as short |
| Derive PUMP-PERP | +0.0100% | 1h | 0.004360 | −0.102% | $5K | $13K | 6.7x | as long as short |
| SunX PUMP-USDT | +0.0100% | 4h | 0.004361 | −0.088% | $2K | $718K | 20x | as long as short |
| SoDEX PUMP-USD | +0.0100% | 1h | 0.004359 | −0.133% | $278 | $7K | 10x | as long as short |
| HTX PUMP-USDT | +0.0100% | 4h | 0.004353 | −0.271% | $22K | $135K | 20x | as long as short |
| Phemex PUMPUSDT | +0.0100% | 4h | 0.004360 | −0.110% | $2.0M | $4.0M | 20x | as long as short |
| Extended PUMP-USD | +0.0104% | 1h | 0.004364 | −0.025% | $3.6M | $3.8M | 50x | as long as short |
| Aevo PUMP-PERP | +0.0104% | 1h | 0.004358 | −0.156% | $72K | $18K | 3x | as long as short |
| Phoenix PUMP | +0.0164% | 1h | 0.004359 | −0.145% | $39K | $100K | 10x | as long as short |
| Injective PUMP/USDC PERP | +0.0182% | 1h | 0.004367 | +0.050% | $38K | $207K | 12x | as long as short |
| RISEx PUMP/USDC | +0.0194% | 1h | 0.004361 | −0.099% | $484K | $1.0M | 10x | as long as short |
| Deribit PUMP_USDC-PERPETUAL | +0.0209% | 1h | 0.004362 | −0.065% | $69K | $126K | 25x | as long as short |
| 01 Exchange PUMPUSD | +0.0216% | 1h | 0.004362 | −0.065% | $6K | $830 | 10x | as long as short |
| Hyperliquid PUMP | +0.0228% | 1h | 0.004365 | +0.004% | $160.6M | $53.1M | 10x | as long as short |
| Coinbase International PUMP-PERP-INTX | +0.0312% | 1h | 0.004359 | −0.133% | $676K | $5.5M | 50x | as long as short |
| GMX PUMP/USD [WBTC.b-USDC] | L +0.0321% / S −0.0243% | 1h | 0.004359 | −0.133% | $68K | — | 100x | as long as short |
| BloFin PUMP-USDT | +0.0340% | 4h | 0.004355 | −0.225% | $3.5M | $4.0M | 75x | as long as short |
| Reya PUMPRUSDPERP | +0.0344% | 1h | 0.004359 | −0.133% | $2 | — | 3x | as long as short |
| Aftermath Perps PUMPUSD | +0.0431% | 1h | 0.004364 | −0.023% | $181 | $106K | 10x | as long as short |
| Kraken Futures PF_PUMPUSDlong | +0.0865% | 1h | 0.004365 | long leg | $1.3M | $3.5M | 50x |
Pacifica PUMP
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
Extended PUMP-USD
Aevo PUMP-PERP
Phoenix PUMP
Injective PUMP/USDC PERP
RISEx PUMP/USDC
Deribit PUMP_USDC-PERPETUAL
01 Exchange PUMPUSD
Hyperliquid PUMP
Coinbase International PUMP-PERP-INTX
GMX PUMP/USD [WBTC.b-USDC]
BloFin PUMP-USDT
Reya PUMPRUSDPERP
Aftermath Perps PUMPUSD