Funding you earn now, next payment 08:00 UTC−0.0126%/8h= −13.8% APRnext payment −$0.63 per $10,000 · paid last 24h −0.001%
Price spread now: BloFin against BingX+0.214%96s7-day average −0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$122as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1181.176% of the position
Funding, last 7 days−0.039%−$4 on $10k
+Price spread, last 4 days (all we have)−0.334%−$33 · spread now +0.214%, 7d avg −0.050%
=The price spread pays, funding is against you. BloFin is 0.264% dearer against BingX than usual: you sell high and buy low (spread +0.214% now, against its 7-day average of −0.050%): +$26 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 7.0 days. At the pace of the last 7 days (−0.039% in total) that is about 47 days. The two prices were read 96 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PNUT-USDC | 0.05609 | 0.0100 | pay 0.0050% / 4h | 2h 39m | — | $6.5M | — |
| Short | BloFin PNUT-USDT | 0.05621 | −0.0026 | pay 0.0013% / 4h | 2h 39m | $289K | $26K | 50x |
BingX PNUT-USDC
BloFin PNUT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. 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
- −$26.39
- Price spread: +0.214% → −0.050%
- $26.43
- Slippage, 4 orders
- −$95.61
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$117.57
- Costs to cover
- 1.176%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 min ago; BloFin: live order book, 50 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 BingX live order book, 6 min ago | 3.55 bp | 28.6 bp −$29 | 98.4 bp −$984 | 623.2 bp −$62.3K | 956.0 bp −$478.0K |
| Sell BloFin live order book, 50 min ago | 7.00 bp | 23.4 bp −$23 | 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 | −0.0039% | 4h | 0.05604 | −0.089% | $1.6M | $6.3M | 20x | as long as short |
| BloFin PNUT-USDTshort | −0.0026% | 4h | 0.05621 | +0.214% | $289K | $26K | 50x | |
| Bybit PNUTUSDT | +0.0010% | 4h | 0.05605 | −0.071% | $2.6M | $1.5M | 50x | as long as short |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05611 | +0.043% | $3K | $19K | 5x | as long as short |
| Binance PNUTUSDT | +0.0100% | 4h | 0.05613 | +0.072% | $5.4M | $10.8M | 50x | as long as short |
| Gate PNUT_USDT | +0.0100% | 4h | 0.05616 | +0.125% | $898K | $1.2M | 50x | as long as short |
| MEXC PNUT_USDT | +0.0100% | 4h | 0.05611 | +0.036% | $1.1M | $433K | 100x | as long as short |
| Bitget PNUTUSDT | +0.0100% | 4h | 0.05611 | +0.036% | $780K | $1.2M | 50x | as long as short |
| BingX PNUT-USDClong | +0.0100% | 4h | 0.05609 | long leg | — | $6.5M | — | |
| Variational Omni PNUT | +0.0100% | 4h | 0.05617 | +0.145% | $32 | $2K | — | as long as short |
OKX PNUT-USDT-SWAP
Bybit PNUTUSDT
Aster PNUTUSDT
Binance PNUTUSDT
Gate PNUT_USDT
MEXC PNUT_USDT
Bitget PNUTUSDT
Variational Omni PNUTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended PNUT-USD | +0.0104% | 1h | 0.05612 | +0.046% | $7K | $79K | 5x | as long as short |
| KuCoin PNUTUSDTM | +0.0176% | 4h | 0.05623 | +0.250% | $1.1M | $112K | 30x | as long as short |
| Deribit PNUT_USDC-PERPETUAL | +0.0284% | 1h | 0.05619 | +0.178% | $4 | — | 10x | as long as short |
| Hyperliquid PNUT | +0.0888% | 1h | 0.05623 | +0.250% | $1.6M | $509K | 3x | as long as short |
| Kraken Futures PF_PNUTUSD | +0.0941% | 1h | 0.05634 | +0.446% | $24K | $13K | 10x | as long as short |
| Coinbase International PNUT-PERP-INTX | +0.1472% | 1h | 0.05735 | +2.246% | $364K | $40K | 50x | as long as short |
Extended PNUT-USD
KuCoin PNUTUSDTM
Deribit PNUT_USDC-PERPETUAL
Hyperliquid PNUT
Kraken Futures PF_PNUTUSD
Coinbase International PNUT-PERP-INTX