Funding you earn now, next payment 01:00 UTC−0.0843%/8h= −92.3% APRpaid last 24h −0.288%
Price spread now: KuCoin against Kraken Futures+0.082%7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$720.723% of the position
Funding, last 7 days−0.215%−$21 on $10k
+Price spread, last 3 days (all we have)−0.102%−$10 · spread now +0.082%, 7d avg −0.008%
=The price spread pays, funding is against you. KuCoin is 0.090% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.082% now, against its 7-day average of −0.008%): +$9 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.215% in total) that is about 2.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.215% in total (about -11.2% 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 | 0.004363 | 0.0943 | pay 0.0118% / 1h | 52m 12s | $1.3M | $3.5M | 50x |
| Short | KuCoin PUMPUSDTM | 0.004367 | 0.0100 | get 0.0050% / 4h | 3h 52m | $23.2M | $13.8M | 50x |
Kraken Futures PF_PUMPUSD
KuCoin PUMPUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$177.02
- Price spread: +0.082% → −0.008%
- $8.99
- Slippage, 4 orders
- −$50.31
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$240.33
- Costs to cover
- 0.723%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 2 min ago; KuCoin: live order book, 7 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 | 3.43 bp | 20.5 bp −$20 | 39.7 bp −$397 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 7 min ago | 1.14 bp | 12.9 bp −$13 | 48.9 bp −$489 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack PUMP_USDC_PERP | −0.0236% | 1h | 0.004357 | −0.147% | $776K | $181K | 5x | as long as short |
| dYdX PUMP-USD | −0.0042% | 1h | 0.004369 | +0.135% | $20K | $9K | 5x | as long as short |
| Gate PUMP_USDT | −0.0038% | 4h | 0.004359 | −0.101% | $4.7M | $10.5M | 75x | as long as short |
| Perpl PUMP | 0.0000% | 43m | 0.004363 | −0.010% | $18K | $205K | 20x | as long as short |
| Deribit PUMP_USDC-PERPETUAL | 0.0000% | 1h | 0.004362 | −0.033% | $69K | $125K | 25x | as long as short |
| gTrade (Gains Network) PUMP/USD | L +0.0003% / S −0.0002% | 1h | 0.004366 | +0.065% | $55K | — | 150x | as long as short |
| OKX PUMP-USDT-SWAP | +0.0032% | 4h | 0.004356 | −0.170% | $22.9M | $96.5M | 50x | as long as short |
| Popdex PUMPUSDT | +0.0032% | 1h | 0.004300 | −1.453% | $31K | $770K | 20x | as long as short |
| Orderly PERP_PUMP_USDC | +0.0036% | 4h | 0.004360 | −0.078% | $41K | $10K | 10x | as long as short |
| Lighter PUMP | +0.0096% | 1h | 0.004359 | −0.101% | $2.9M | $5.3M | 10x | as long as short |
Backpack PUMP_USDC_PERP
dYdX PUMP-USD
Gate PUMP_USDT
Perpl PUMP
Deribit PUMP_USDC-PERPETUAL
gTrade (Gains Network) PUMP/USD
OKX PUMP-USDT-SWAP
Popdex PUMPUSDT
Orderly PERP_PUMP_USDC
Lighter PUMPShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PUMP-USD-PERP | +0.0100% | 8h | 0.004366 | +0.059% | $42K | — | 5x | as long as short |
| Nado PUMP-PERP | +0.0100% | 1h | 0.004365 | +0.048% | $1.6M | $2.0M | 10x | as long as short |
| Aster PUMPUSDT | +0.0100% | 4h | 0.004361 | −0.056% | $721K | $2.3M | 50x | as long as short |
| Pacifica PUMP | +0.0100% | 1h | 0.004367 | +0.082% | $457K | $604K | 10x | as long as short |
| Binance PUMPUSDT | +0.0100% | 4h | 0.004358 | −0.124% | $77.9M | $164.1M | 75x | as long as short |
| Ondo Perps PUMP-USD.P | +0.0100% | 1h | 0.004367 | +0.073% | $26K | $165K | 5x | as long as short |
| Arcus PUMP-USD | +0.0100% | 1h | 0.004366 | +0.059% | $42K | $53K | 10x | as long as short |
| KuCoin PUMPUSDTMshort | +0.0100% | 4h | 0.004367 | +0.082% | $23.2M | $13.8M | 50x | |
| Bitget PUMPUSDT | +0.0100% | 4h | 0.004357 | −0.147% | $17.4M | $19.2M | 75x | as long as short |
| BingX PUMP-USDT | +0.0100% | 4h | 0.004358 | −0.124% | — | $12.9M | — | as long as short |
| edgeX PUMPUSDC | +0.0100% | 4h | 0.004373 | +0.214% | $65K | $3.0M | 20x | as long as short |
| GRVT PUMP_USDT_Perp | +0.0100% | 4h | 0.004374 | +0.233% | $1.2M | $10.0M | 10x | as long as short |
| ApeX Omni PUMPUSDT | +0.0100% | 1h | 0.004376 | +0.288% | $138K | $760K | 50x | as long as short |
| Polymarket Perps PUMP-USD | +0.0100% | 1h | 0.004370 | +0.151% | $96K | $1.9M | 10x | as long as short |
| Derive PUMP-PERP | +0.0100% | 1h | 0.004362 | −0.038% | $5K | $13K | 6.7x | as long as short |
| SunX PUMP-USDT | +0.0100% | 4h | 0.004368 | +0.105% | $2K | $722K | 20x | as long as short |
| SoDEX PUMP-USD | +0.0100% | 1h | 0.004358 | −0.124% | $281 | $7K | 10x | as long as short |
| HTX PUMP-USDT | +0.0100% | 4h | 0.004370 | +0.151% | $21K | $137K | 20x | as long as short |
| Phemex PUMPUSDT | +0.0100% | 4h | 0.004358 | −0.124% | $2.0M | $4.0M | 20x | as long as short |
| Extended PUMP-USD | +0.0104% | 1h | 0.004358 | −0.134% | $3.6M | $3.6M | 50x | as long as short |
| Aevo PUMP-PERP | +0.0104% | 1h | 0.004364 | +0.013% | $70K | $12K | 3x | as long as short |
| Hyperliquid PUMP | +0.0152% | 1h | 0.004363 | −0.010% | $160.5M | $53.1M | 10x | as long as short |
| 01 Exchange PUMPUSD | +0.0176% | 1h | 0.004369 | +0.128% | $6K | $830 | 10x | as long as short |
| Phoenix PUMP | +0.0237% | 1h | 0.004368 | +0.098% | $39K | $99K | 10x | as long as short |
| RISEx PUMP/USDC | +0.0297% | 1h | 0.004367 | +0.084% | $488K | $1.0M | 10x | as long as short |
| BloFin PUMP-USDT | +0.0340% | 4h | 0.004364 | +0.013% | $3.5M | $4.1M | 75x | as long as short |
| GMX PUMP/USD [WBTC.b-USDC] | L +0.0343% / S −0.0285% | 1h | 0.004366 | +0.059% | $73K | — | 100x | as long as short |
| Reya PUMPRUSDPERP | +0.0344% | 1h | 0.004365 | +0.032% | $2 | — | 3x | as long as short |
| Coinbase International PUMP-PERP-INTX | +0.0352% | 1h | 0.004367 | +0.082% | $690K | $5.5M | 50x | as long as short |
| Injective PUMP/USDC PERP | +0.0480% | 1h | 0.004376 | +0.288% | $39K | $203K | 12x | as long as short |
| Aftermath Perps PUMPUSD | +0.0498% | 1h | 0.004371 | +0.174% | $382 | $106K | 10x | as long as short |
| Kraken Futures PF_PUMPUSDlong | +0.0943% | 1h | 0.004363 | long leg | $1.3M | $3.5M | 50x |
Paradex PUMP-USD-PERP
Nado PUMP-PERP
Aster PUMPUSDT
Pacifica PUMP
Binance PUMPUSDT
Ondo Perps PUMP-USD.P
Arcus PUMP-USD
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
Hyperliquid PUMP
01 Exchange PUMPUSD
Phoenix PUMP
RISEx PUMP/USDC
BloFin PUMP-USDT
GMX PUMP/USD [WBTC.b-USDC]
Reya PUMPRUSDPERP
Coinbase International PUMP-PERP-INTX
Injective PUMP/USDC PERP
Aftermath Perps PUMPUSD