Settings8H · net · $10k
Funding arb · Price arb /

PNUT

all PNUT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0217%/8h= +23.7% APRpaid last 24h +0.444%
Price spread now: Kraken Futures against Aster+0.132%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Kraken Futures is 0.132% dearer against Aster than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster PNUTUSDT0.058090.0100pay 0.0050% / 4h23m 42s$3K$21K5x
ShortKraken Futures PF_PNUTUSD0.058170.0317get 0.0040% / 1h23m 42s$25K$13K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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

Funding earned
$45.47
Price spread: +0.132% → 0.000%
$13.22
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$40.69
Costs to cover
0.180%
Break-even
0.7 days
Slippage unknown: Aster: no order-book sample; Kraken Futures: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample
Sell Kraken Futures no order-book sample
Aster and Kraken Futures: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit PNUT_USDC-PERPETUAL0.0000%1h0.05801−0.138%$410xas long as short
BloFin PNUT-USDT+0.0073%4h0.05812+0.052%$304K$27K50xas long as short
OKX PNUT-USDT-SWAP+0.0098%4h0.05797−0.207%$1.8M$7.0M20xas long as short
Aster PNUTUSDTlong+0.0100%4h0.05809long leg$3K$21K5x
Binance PNUTUSDT+0.0100%4h0.05809+0.003%$5.7M$11.7M50xas long as short
Bybit PNUTUSDT+0.0100%4h0.05796−0.224%$2.7M$1.7M50xas long as short
Gate PNUT_USDT+0.0100%4h0.05805−0.069%$904K$1.3M50xas long as short
MEXC PNUT_USDT+0.0100%4h0.05804−0.086%$1.1M$457K100xas long as short
Bitget PNUTUSDT+0.0100%4h0.05798−0.189%$798K$1.2M50xas long as short
BingX PNUT-USDT+0.0100%4h0.05804−0.086%$6.6Mas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni PNUT+0.0100%4h0.05800−0.156%$33$2Kas long as short
Extended PNUT-USD+0.0104%1h0.05803−0.096%$13K$238K5xas long as short
KuCoin PNUTUSDTM+0.0292%4h0.05816+0.121%$1.2M$128K30xas long as short
Kraken Futures PF_PNUTUSDshort+0.0317%1h0.05817+0.132%$25K$13K10x
Hyperliquid PNUT+0.0845%1h0.05819+0.172%$1.7M$550K3xas long as short
Coinbase International PNUT-PERP-INTX+0.1600%1h0.05851+0.723%$371K$44K50xas long as short