Funding you earn now, next payment 04:00 UTC+0.0046%/8h= +5.0% APRnext payment +$0.23 per $10,000 · paid last 24h +0.007%
Price spread now: KuCoin against Binance+0.132%7-day average +0.071% · you sell dearer than you buy
Net, funding: paid 7d − costs−$485as in the Funding arb table
Net, price: spread back to 7d avg − costs−$488as in the Price arb table
costs, in and out, $10k−$4944.936% of the position
Funding, last 7 days+0.086%+$9 on $10k
+Price spread, last 7 days−0.095%−$10 · spread now +0.132%, 7d avg +0.071%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and KuCoin is 0.061% dearer against Binance than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.071%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PNUTUSDT | 0.05648 | 0.0100 | pay 0.0050% / 4h | 1h 14m | $5.3M | $10.0M | 50x |
| Short | KuCoin PNUTUSDTM | 0.05655 | 0.0146 | get 0.0073% / 4h | 1h 14m | $1.1M | $122K | 30x |
Binance PNUTUSDT
KuCoin PNUTUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Binance. 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
- $9.66
- Price spread: +0.132% → +0.071%
- $6.08
- Slippage, 4 orders
- −$471.62
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$477.88
- Costs to cover
- 4.936%
- Break-even
- 353.3 days
Slippage from Binance: live order book, 11 min ago; KuCoin: 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 Binance live order book, 11 min ago | 0.89 bp | 13.3 bp −$13 | 55.3 bp −$553 | 4272.3 bp −$427.2K | doesn't fit |
| Sell KuCoin live order book, 1 min ago | 14.13 bp | 222.7 bp −$223 | doesn't fit | doesn't fit | doesn't fit |
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 | −0.0032% | 4h | 0.05637 | −0.186% | $1.7M | $5.8M | 20x | as long as short |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05644 | −0.068% | $3K | $18K | 5x | as long as short |
| Binance PNUTUSDTlong | +0.0100% | 4h | 0.05648 | long leg | $5.3M | $10.0M | 50x | |
| Bybit PNUTUSDT | +0.0100% | 4h | 0.05640 | −0.133% | $2.6M | $1.3M | 50x | as long as short |
| Gate PNUT_USDT | +0.0100% | 4h | 0.05648 | +0.008% | $898K | $1.1M | 50x | as long as short |
| MEXC PNUT_USDT | +0.0100% | 4h | 0.05641 | −0.116% | $1.2M | $403K | 100x | as long as short |
| Bitget PNUTUSDT | +0.0100% | 4h | 0.05646 | −0.027% | $766K | $1.1M | 50x | as long as short |
| BingX PNUT-USDC | +0.0100% | 4h | 0.05641 | −0.116% | — | $6.5M | — | as long as short |
| Variational Omni PNUT | +0.0100% | 4h | 0.05651 | +0.060% | $32 | $2K | — | as long as short |
| Extended PNUT-USD | +0.0104% | 1h | 0.05642 | −0.104% | $6K | $139K | 5x | as long as short |
OKX PNUT-USDT-SWAP
Aster PNUTUSDT
Bybit PNUTUSDT
Gate PNUT_USDT
MEXC PNUT_USDT
Bitget PNUTUSDT
BingX PNUT-USDC
Variational Omni PNUT
Extended PNUT-USDShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit PNUT_USDC-PERPETUAL | +0.0105% | 1h | 0.05643 | −0.080% | $4 | — | 10x | as long as short |
| KuCoin PNUTUSDTMshort | +0.0146% | 4h | 0.05655 | +0.132% | $1.1M | $122K | 30x | |
| BloFin PNUT-USDT | +0.0157% | 4h | 0.05652 | +0.079% | $220K | $26K | 50x | as long as short |
| Kraken Futures PF_PNUTUSD | +0.0378% | 1h | 0.05661 | +0.247% | $24K | $14K | 10x | as long as short |
| Hyperliquid PNUT | +0.0787% | 1h | 0.05657 | +0.168% | $1.6M | $480K | 3x | as long as short |
| Coinbase International PNUT-PERP-INTX | +0.1256% | 1h | 0.05660 | +0.221% | $359K | $53K | 50x | as long as short |
Deribit PNUT_USDC-PERPETUAL
BloFin PNUT-USDT
Kraken Futures PF_PNUTUSD
Hyperliquid PNUT
Coinbase International PNUT-PERP-INTX