Funding arb · Price arb /

PNUT

all PNUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1156%/8h= +126.6% APRpaid last 24h +0.330%

Price spread now: Coinbase International against Aster−0.038%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Coinbase International is 0.038% cheaper against Aster than usual: you would sell low and buy high (spread −0.038% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 3 hours of funding at the current rate (+$35 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PNUTUSDT	0.05662	0.0100	pay 0.0050% / 4h	1h 19m	$3K	$18K	5x
Short	Coinbase International PNUT-PERP-INTX	0.05660	0.1256	get 0.0157% / 1h	19m 52s	$359K	$53K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee Coinbase InternationalbpOrdersPrice spread, now −0.038%Rate

Funding earned: $242.76
Price spread: −0.038% → 0.000%: −$3.79
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $220.97
Costs to cover: 0.180%
Break-even: 0.6 days

Slippage unknown: Aster: no order-book sample; Coinbase International: live order book, 43 min ago. Net counts fees only.

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 Aster no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 43 min ago	14.12 bp	27.0 bp −$27	doesn't fit	doesn't fit	doesn't fit

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PNUT on 16 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
OKX PNUT-USDT-SWAP	−0.0024%	4h	0.05658	−0.073%	$1.7M	$5.8M	20x	as long as short
BloFin PNUT-USDT	+0.0083%	4h	0.05651	−0.197%	$286K	$26K	50x	as long as short
Aster PNUTUSDTlong	+0.0100%	4h	0.05662	long leg	$3K	$18K	5x
Binance PNUTUSDT	+0.0100%	4h	0.05668	+0.097%	$5.3M	$10.0M	50x	as long as short
Bybit PNUTUSDT	+0.0100%	4h	0.05663	+0.015%	$2.6M	$1.3M	50x	as long as short
Gate PNUT_USDT	+0.0100%	4h	0.05665	+0.050%	$902K	$1.1M	50x	as long as short
MEXC PNUT_USDT	+0.0100%	4h	0.05669	+0.121%	$1.2M	$402K	100x	as long as short
Bitget PNUTUSDT	+0.0100%	4h	0.05667	+0.086%	$769K	$1.1M	50x	as long as short
BingX PNUT-USDC	+0.0100%	4h	0.05664	+0.033%	—	$6.5M	—	as long as short
Variational Omni PNUT	+0.0100%	4h	0.05662	+0.005%	$32	$3K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended PNUT-USD	+0.0104%	1h	0.05663	+0.022%	$6K	$139K	5x	as long as short
KuCoin PNUTUSDTM	+0.0132%	4h	0.05671	+0.156%	$1.1M	$122K	30x	as long as short
Deribit PNUT_USDC-PERPETUAL	+0.0280%	1h	0.05667	+0.086%	$4	—	10x	as long as short
Kraken Futures PF_PNUTUSD	+0.0377%	1h	0.05673	+0.184%	$24K	$14K	10x	as long as short
Hyperliquid PNUT	+0.0778%	1h	0.05677	+0.262%	$1.6M	$480K	3x	as long as short
Coinbase International PNUT-PERP-INTXshort	+0.1256%	1h	0.05660	−0.038%	$359K	$53K	50x