Funding you earn now, next payment 08:00 UTC−0.0162%/8h= −17.7% APRnext payment −$0.81 per $10,000 · paid last 24h −0.001%
Price spread now: BloFin against Bitget−0.018%45s7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$104as 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−$1000.998% of the position
Funding, last 7 days−0.039%−$4 on $10k
+Price spread, last 4 days (all we have)−0.069%−$7 · spread now −0.018%, 7d avg −0.043%
=The price spread pays, funding is against you. BloFin is 0.025% dearer against Bitget than usual: you sell high and buy low (spread −0.018% now, against its 7-day average of −0.043%): +$3 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 7 days (−0.039% in total) that is about 4.6 days. The two prices were read 45 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 | Bitget PNUTUSDT | 0.05629 | 0.0100 | pay 0.0050% / 4h | 2h 42m | $782K | $1.2M | 50x |
| Short | BloFin PNUT-USDT | 0.05628 | −0.0062 | pay 0.0031% / 4h | 2h 42m | $288K | $26K | 50x |
Bitget PNUTUSDT
BloFin PNUT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bitget. 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
- −$33.94
- Price spread: −0.018% → −0.043%
- $2.53
- Slippage, 4 orders
- −$75.83
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$131.24
- Costs to cover
- 0.998%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; BloFin: live order book, 47 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 Bitget live order book, 4 min ago | 4.43 bp | 21.5 bp −$21 | 68.9 bp −$689 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 47 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin PNUT-USDTshort | −0.0062% | 4h | 0.05628 | −0.018% | $288K | $26K | 50x | |
| Bybit PNUTUSDT | −0.0042% | 4h | 0.05631 | +0.036% | $2.6M | $1.5M | 50x | as long as short |
| OKX PNUT-USDT-SWAP | −0.0026% | 4h | 0.05622 | −0.124% | $1.7M | $6.3M | 20x | as long as short |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05633 | +0.072% | $3K | $19K | 5x | as long as short |
| Binance PNUTUSDT | +0.0100% | 4h | 0.05632 | +0.048% | $5.4M | $10.8M | 50x | as long as short |
| Gate PNUT_USDT | +0.0100% | 4h | 0.05635 | +0.107% | $901K | $1.2M | 50x | as long as short |
| MEXC PNUT_USDT | +0.0100% | 4h | 0.05632 | +0.053% | $1.1M | $431K | 100x | as long as short |
| Bitget PNUTUSDTlong | +0.0100% | 4h | 0.05629 | long leg | $782K | $1.2M | 50x | |
| BingX PNUT-USDT | +0.0100% | 4h | 0.05630 | +0.018% | — | $6.6M | — | as long as short |
| Variational Omni PNUT | +0.0100% | 4h | 0.05642 | +0.222% | $32 | $2K | — | as long as short |
Bybit PNUTUSDT
OKX PNUT-USDT-SWAP
Aster PNUTUSDT
Binance PNUTUSDT
Gate PNUT_USDT
MEXC PNUT_USDT
BingX PNUT-USDT
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 | 0.05633 | +0.063% | $7K | $79K | 5x | as long as short |
| KuCoin PNUTUSDTM | +0.0178% | 4h | 0.05639 | +0.178% | $1.1M | $112K | 30x | as long as short |
| Deribit PNUT_USDC-PERPETUAL | +0.0460% | 1h | 0.05638 | +0.160% | $4 | — | 10x | as long as short |
| Hyperliquid PNUT | +0.0910% | 1h | 0.05650 | +0.373% | $1.6M | $509K | 3x | as long as short |
| Kraken Futures PF_PNUTUSD | +0.0939% | 1h | 0.05641 | +0.208% | $24K | $13K | 10x | as long as short |
| Coinbase International PNUT-PERP-INTX | +0.1472% | 1h | 0.05735 | +1.883% | $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