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 Bitget+0.042%7-day average — · you sell dearer than you buy

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

Long on Bitget 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 0.042% dearer against Bitget than usual: you sell high and buy low, +$4 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	Bitget PNUTUSDT	0.05648	0.0100	pay 0.0050% / 4h	2h 54m	$787K	$1.1M	50x
Short	Aster PNUTUSDT	0.05650	0.0100	get 0.0050% / 4h	2h 54m	$3K	$19K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bitget. 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 BitgetbpFee AsterbpOrdersPrice spread, now +0.042%Rate

Funding earned: $0
Price spread: +0.042% → 0.000%: $4.18
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$15.82
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 2 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 Bitget live order book, 2 min ago	7.06 bp	20.8 bp −$21	82.4 bp −$824	doesn't fit	doesn't fit
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	+0.0081%	4h	0.05636	−0.212%	$1.7M	$6.3M	20x	as long as short
Bybit PNUTUSDT	+0.0089%	4h	0.05643	−0.089%	$2.6M	$1.4M	50x	as long as short
Aster PNUTUSDTshort	+0.0100%	4h	0.05650	+0.042%	$3K	$19K	5x
Binance PNUTUSDT	+0.0100%	4h	0.05646	−0.035%	$5.4M	$10.8M	50x	as long as short
Gate PNUT_USDT	+0.0100%	4h	0.05652	+0.071%	$904K	$1.2M	50x	as long as short
MEXC PNUT_USDT	+0.0100%	4h	0.05643	−0.089%	$1.1M	$429K	100x	as long as short
Bitget PNUTUSDTlong	+0.0100%	4h	0.05648	long leg	$787K	$1.1M	50x
BingX PNUT-USDT	+0.0100%	4h	0.05652	+0.071%	—	$6.6M	—	as long as short
Variational Omni PNUT	+0.0100%	4h	0.05667	+0.328%	$32	$2K	—	as long as short
Extended PNUT-USD	+0.0104%	1h	0.05646	−0.044%	$7K	$79K	5x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin PNUT-USDT	+0.0126%	4h	0.05653	+0.089%	$294K	$26K	50x	as long as short
KuCoin PNUTUSDTM	+0.0148%	4h	0.05659	+0.195%	$1.1M	$112K	30x	as long as short
Deribit PNUT_USDC-PERPETUAL	+0.0282%	1h	0.05647	−0.018%	$4	—	10x	as long as short
Hyperliquid PNUT	+0.0754%	1h	0.05658	+0.177%	$1.6M	$507K	3x	as long as short
Kraken Futures PF_PNUTUSD	+0.0935%	1h	0.05665	+0.309%	$24K	$14K	10x	as long as short
Coinbase International PNUT-PERP-INTX	+0.1472%	1h	0.05735	+1.540%	$364K	$40K	50x	as long as short