Funding arb · Price arb /

PNUT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against BingX+0.105%7-day average — · you sell dearer than you buy

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

Long on BingX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.105% dearer against BingX than usual: you sell high and buy low, +$10 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PNUT-USDC	0.05661	0.0100	pay 0.0050% / 4h	3h 08m	—	$6.5M	—
Short	Aster PNUTUSDT	0.05667	0.0100	get 0.0050% / 4h	3h 08m	$3K	$19K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against BingX. 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 BingXbpFee AsterbpOrdersPrice spread, now +0.105%Rate

Funding earned: $0
Price spread: +0.105% → 0.000%: $10.5
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$7.5
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 11 min ago; Aster: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BingX live order book, 11 min ago	2.64 bp	27.2 bp −$27	100.5 bp −$1,005	695.1 bp −$69.5K	973.5 bp −$486.7K
Sell Aster no order-book sample	—	—	—	—	—

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	+0.0082%	4h	0.05659	−0.035%	$1.7M	$6.3M	20x	as long as short
Aster PNUTUSDTshort	+0.0100%	4h	0.05667	+0.105%	$3K	$19K	5x
Binance PNUTUSDT	+0.0100%	4h	0.05666	+0.095%	$5.5M	$10.8M	50x	as long as short
Bybit PNUTUSDT	+0.0100%	4h	0.05657	−0.071%	$2.7M	$1.4M	50x	as long as short
Gate PNUT_USDT	+0.0100%	4h	0.05672	+0.194%	$907K	$1.2M	50x	as long as short
MEXC PNUT_USDT	+0.0100%	4h	0.05661	0.000%	$1.2M	$427K	100x	as long as short
Bitget PNUTUSDT	+0.0100%	4h	0.05659	−0.035%	$767K	$1.1M	50x	as long as short
BingX PNUT-USDClong	+0.0100%	4h	0.05661	long leg	—	$6.5M	—
Variational Omni PNUT	+0.0100%	4h	0.05685	+0.423%	$32	$2K	—	as long as short
Deribit PNUT_USDC-PERPETUAL	+0.0103%	1h	0.05667	+0.106%	$4	—	10x	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	0.05664	+0.060%	$6K	$88K	5x	as long as short
BloFin PNUT-USDT	+0.0140%	4h	0.05659	−0.035%	$292K	$26K	50x	as long as short
KuCoin PNUTUSDTM	+0.0176%	4h	0.05679	+0.318%	$1.1M	$112K	30x	as long as short
Hyperliquid PNUT	+0.0936%	1h	0.05678	+0.300%	$1.6M	$505K	3x	as long as short
Kraken Futures PF_PNUTUSD	+0.1178%	1h	0.05666	+0.094%	$24K	$14K	10x	as long as short
Coinbase International PNUT-PERP-INTX	+0.1240%	1h	0.05735	+1.307%	$364K	$40K	50x	as long as short