Settings8H · net · $10k
Funding arb · Price arb /

PNUT

all PNUT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against Bitget+0.035%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$710.714% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 7 days−0.050%−$5 · spread now +0.035%, 7d avg +0.008%
Together, before fees−0.050%−$5 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.027% dearer against Bitget than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.008%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget PNUTUSDT0.056620.0100pay 0.0050% / 4h1h 20m$769K$1.1M50x
ShortBingX PNUT-USDT0.056640.0100get 0.0050% / 4h1h 20m$6.6M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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

Funding earned
$0
Price spread: +0.035% → +0.008%
$2.71
Slippage, 4 orders
−$49.42
Fee Bitget: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$68.71
Costs to cover
0.714%
Break-even
never at this rate
Slippage from Bitget: live order book, 1 min ago; BingX: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 1 min ago6.18 bp19.3 bp −$1959.1 bp −$591doesn't fitdoesn't fit
Sell BingX live order book, 7 min ago3.56 bp16.6 bp −$1743.0 bp −$430451.1 bp −$45.1K905.4 bp −$452.7K

PNUT on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX PNUT-USDT-SWAP−0.0024%4h0.056620.000%$1.7M$5.8M20xas long as short
BloFin PNUT-USDT+0.0083%4h0.05651−0.194%$286K$26K50xas long as short
Aster PNUTUSDT+0.0100%4h0.05662+0.003%$3K$18K5xas long as short
Binance PNUTUSDT+0.0100%4h0.05666+0.071%$5.3M$10.0M50xas long as short
Bybit PNUTUSDT+0.0100%4h0.05663+0.018%$2.6M$1.3M50xas long as short
Gate PNUT_USDT+0.0100%4h0.05672+0.177%$903K$1.1M50xas long as short
MEXC PNUT_USDT+0.0100%4h0.056620.000%$1.2M$402K100xas long as short
Bitget PNUTUSDTlong+0.0100%4h0.05662long leg$769K$1.1M50x
BingX PNUT-USDTshort+0.0100%4h0.05664+0.035%$6.6M
Variational Omni PNUT+0.0100%4h0.05662+0.008%$32$3Kas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended PNUT-USD+0.0104%1h0.05663+0.017%$6K$139K5xas long as short
KuCoin PNUTUSDTM+0.0132%4h0.05670+0.141%$1.1M$122K30xas long as short
Deribit PNUT_USDC-PERPETUAL+0.0280%1h0.05667+0.088%$410xas long as short
Kraken Futures PF_PNUTUSD+0.0377%1h0.05673+0.187%$24K$14K10xas long as short
Hyperliquid PNUT+0.0777%1h0.05679+0.300%$1.6M$480K3xas long as short
Coinbase International PNUT-PERP-INTX+0.1256%1h0.05660−0.035%$359K$53K50xas long as short