Funding you earn now, next payment 04:00 UTC+0.0196%/8h= +21.5% APRnext payment +$0.98 per $10,000 · paid last 24h +0.007%
Price spread now: KuCoin against BingX+0.018%7-day average +0.082% · you sell dearer than you buy
Net, funding: paid 7d − costs−$409as in the Funding arb table
Net, price: spread back to 7d avg − costs−$421as in the Price arb table
costs, in and out, $10k−$4154.151% of the position
Funding, last 7 days+0.061%+$6 on $10k
+Price spread, last 7 days−0.010%−$1 · spread now +0.018%, 7d avg +0.082%
=Funding pays, the price is against you. KuCoin is 0.064% cheaper against BingX than usual: you would sell low and buy high (spread +0.018% now, against its 7-day average of +0.082%). If the spread goes back, that is −$6 on $10k: about 26 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.061% in total) that is about 7.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.061% in total (about 3.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.98 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PNUT-USDT | 0.05645 | 0.0100 | pay 0.0050% / 4h | 2h 50m | — | $6.6M | — |
| Short | KuCoin PNUTUSDTM | 0.05646 | 0.0296 | get 0.0148% / 4h | 2h 50m | $1.1M | $131K | 30x |
BingX PNUT-USDT
KuCoin PNUTUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $41.16
- Price spread: +0.018% → +0.082%
- −$6.4
- Slippage, 4 orders
- −$393.07
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$380.31
- Costs to cover
- 4.151%
- Break-even
- 71.7 days
Slippage from BingX: live order book, 16 min ago; KuCoin: live order book, 9 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, 16 min ago | 3.54 bp | 18.6 bp −$19 | 55.3 bp −$553 | 573.0 bp −$57.3K | doesn't fit |
| Sell KuCoin live order book, 9 min ago | 12.42 bp | 204.4 bp −$204 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit PNUT_USDC-PERPETUAL | 0.0000% | 1h | 0.05648 | +0.053% | $4 | — | 10x | as long as short |
| BloFin PNUT-USDT | +0.0069% | 4h | 0.05640 | −0.089% | $289K | $25K | 50x | as long as short |
| OKX PNUT-USDT-SWAP | +0.0090% | 4h | 0.05653 | +0.142% | $1.7M | $5.7M | 20x | as long as short |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05646 | +0.012% | $3K | $18K | 5x | as long as short |
| Binance PNUTUSDT | +0.0100% | 4h | 0.05651 | +0.100% | $5.4M | $9.9M | 50x | as long as short |
| Bybit PNUTUSDT | +0.0100% | 4h | 0.05648 | +0.053% | $2.6M | $1.3M | 50x | as long as short |
| Gate PNUT_USDT | +0.0100% | 4h | 0.05646 | +0.018% | $865K | $1.1M | 50x | as long as short |
| MEXC PNUT_USDT | +0.0100% | 4h | 0.05649 | +0.071% | $1.2M | $388K | 100x | as long as short |
| Bitget PNUTUSDT | +0.0100% | 4h | 0.05651 | +0.106% | $775K | $1.1M | 50x | as long as short |
| BingX PNUT-USDTlong | +0.0100% | 4h | 0.05645 | long leg | — | $6.6M | — |
Deribit PNUT_USDC-PERPETUAL
BloFin PNUT-USDT
OKX PNUT-USDT-SWAP
Aster PNUTUSDT
Binance PNUTUSDT
Bybit PNUTUSDT
Gate PNUT_USDT
MEXC PNUT_USDT
Bitget PNUTUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni PNUT | +0.0100% | 4h | 0.05643 | −0.042% | $32 | $3K | — | as long as short |
| Extended PNUT-USD | +0.0104% | 1h | 0.05648 | +0.047% | $6K | $139K | 5x | as long as short |
| KuCoin PNUTUSDTMshort | +0.0296% | 4h | 0.05646 | +0.018% | $1.1M | $131K | 30x | |
| Kraken Futures PF_PNUTUSD | +0.0739% | 1h | 0.05654 | +0.165% | $24K | $13K | 10x | as long as short |
| Hyperliquid PNUT | +0.0981% | 1h | 0.05660 | +0.266% | $1.6M | $478K | 3x | as long as short |
| Coinbase International PNUT-PERP-INTX | +0.1072% | 1h | 0.05688 | +0.762% | $361K | $56K | 50x | as long as short |
Variational Omni PNUT
Extended PNUT-USD
Kraken Futures PF_PNUTUSD
Hyperliquid PNUT
Coinbase International PNUT-PERP-INTX