diff --git a/example/functions.yaml b/example/functions.yaml
index 5ed0ce9..1c3d87c 100644
--- a/example/functions.yaml
+++ b/example/functions.yaml
@@ -22,4 +22,4 @@ kind: Function
 metadata:
   name: function-auto-ready
 spec:
-  package: xpkg.upbound.io/crossplane-contrib/function-auto-ready:v0.3.0
\ No newline at end of file
+  package: xpkg.upbound.io/crossplane-contrib/function-auto-ready:v0.4.0
\ No newline at end of file