Funding you earn now, next payment 12:00 UTC−0.0033%/8h= −3.6% APRnext payment −$0.17 per $10,000 · paid last 24h −0.009%
Price spread now: OKX against Binance−0.254%7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$690.687% of the position
Funding, last 7 days−0.046%−$5 on $10k
+Price spread, last 7 days+0.236%+$24 · spread now −0.254%, 7d avg −0.031%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.223% cheaper against Binance than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.031%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PNUTUSDT | 0.05838 | 0.0100 | pay 0.0050% / 4h | 3h 39m | $5.8M | $12.0M | 50x |
| Short | OKX PNUT-USDT-SWAP | 0.05823 | 0.0067 | get 0.0033% / 4h | 3h 39m | $1.8M | $7.1M | 20x |
Binance PNUTUSDT
OKX PNUT-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$6.98
- Price spread: −0.254% → −0.031%
- −$22.27
- Slippage, 4 orders
- −$48.68
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$97.93
- Costs to cover
- 0.687%
- Break-even
- never at this rate
Slippage from Binance: live order book, 16 min ago; OKX: live order book, 4 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, 16 min ago | 1.71 bp | 15.1 bp −$15 | 84.3 bp −$843 | 4246.6 bp −$424.7K | doesn't fit |
| Sell OKX live order book, 4 min ago | 0.86 bp | 17.6 bp −$18 | 116.4 bp −$1,164 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit PNUT_USDC-PERPETUAL | 0.0000% | 1h | 0.05828 | −0.168% | $4 | — | 10x | as long as short |
| BloFin PNUT-USDT | +0.0052% | 4h | 0.05832 | −0.100% | $308K | $28K | 50x | as long as short |
| OKX PNUT-USDT-SWAPshort | +0.0067% | 4h | 0.05823 | −0.254% | $1.8M | $7.1M | 20x | |
| Bybit PNUTUSDT | +0.0069% | 4h | 0.05831 | −0.117% | $2.8M | $1.8M | 50x | as long as short |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05838 | 0.000% | $3K | $21K | 5x | as long as short |
| Binance PNUTUSDTlong | +0.0100% | 4h | 0.05838 | long leg | $5.8M | $12.0M | 50x | |
| Gate PNUT_USDT | +0.0100% | 4h | 0.05832 | −0.100% | $915K | $1.3M | 50x | as long as short |
| MEXC PNUT_USDT | +0.0100% | 4h | 0.05839 | +0.020% | $1.2M | $462K | 100x | as long as short |
| Bitget PNUTUSDT | +0.0100% | 4h | 0.05832 | −0.100% | $797K | $1.3M | 50x | as long as short |
| BingX PNUT-USDT | +0.0100% | 4h | 0.05831 | −0.117% | — | $6.6M | — | as long as short |
Deribit PNUT_USDC-PERPETUAL
BloFin PNUT-USDT
Bybit PNUTUSDT
Aster PNUTUSDT
Gate PNUT_USDT
MEXC PNUT_USDT
Bitget PNUTUSDT
BingX PNUT-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni PNUT | +0.0100% | 4h | 0.05825 | −0.228% | $33 | $2K | — | as long as short |
| Extended PNUT-USD | +0.0104% | 1h | 0.05836 | −0.027% | $8K | $243K | 5x | as long as short |
| KuCoin PNUTUSDTM | +0.0198% | 4h | 0.05841 | +0.054% | $1.2M | $137K | 30x | as long as short |
| Hyperliquid PNUT | +0.0623% | 1h | 0.05841 | +0.054% | $1.7M | $556K | 3x | as long as short |
| Coinbase International PNUT-PERP-INTX | +0.1592% | 1h | 0.05888 | +0.859% | $374K | $44K | 50x | as long as short |
| Kraken Futures PF_PNUTUSD | +0.1882% | 1h | 0.05842 | +0.070% | $26K | $13K | 10x | as long as short |
Variational Omni PNUT
Extended PNUT-USD
KuCoin PNUTUSDTM
Hyperliquid PNUT
Coinbase International PNUT-PERP-INTX
Kraken Futures PF_PNUTUSD