Funding you earn now, next payment 12:00 UTC−0.0335%/8h= −36.7% APRnext payment −$1.68 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Bitget0.000%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$147as in the Funding arb table
Net, price: spread back to 7d avg − costs−$145as in the Price arb table
costs, in and out, $10k−$1451.447% of the position
Funding, last 7 days−0.025%−$3 on $10k
+Price spread, last 7 days−0.074%−$7 · spread now 0.000%, 7d avg +0.002%
=The price spread sits at its 7-day average of +0.002%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.025% in total (about -1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.68 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 | Bitget PNUTUSDT | 0.05815 | 0.0100 | pay 0.0050% / 4h | 3h 23m | $794K | $1.3M | 50x |
| Short | Bybit PNUTUSDT | 0.05815 | −0.0235 | pay 0.0118% / 4h | 3h 23m | $2.8M | $1.8M | 50x |
Bitget PNUTUSDT
Bybit PNUTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$70.37
- Price spread: 0.000% → +0.002%
- −$0.23
- Slippage, 4 orders
- −$121.73
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$215.33
- Costs to cover
- 1.447%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; Bybit: live order book, 4 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, 3 min ago | 6.06 bp | 22.8 bp −$23 | 118.9 bp −$1,189 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 1.74 bp | 42.7 bp −$43 | 364.5 bp −$3,645 | 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-USDT | −0.0353% | 4h | 0.05783 | −0.550% | $305K | $27K | 50x | as long as short |
| Bybit PNUTUSDTshort | −0.0235% | 4h | 0.05815 | 0.000% | $2.8M | $1.8M | 50x | |
| OKX PNUT-USDT-SWAP | +0.0073% | 4h | 0.05815 | 0.000% | $1.8M | $7.1M | 20x | as long as short |
| Variational Omni PNUT | +0.0079% | 4h | 0.05761 | −0.931% | $797 | $3K | — | as long as short |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05817 | +0.033% | $3K | $23K | 5x | as long as short |
| Binance PNUTUSDT | +0.0100% | 4h | 0.05821 | +0.103% | $5.7M | $12.2M | 50x | as long as short |
| Gate PNUT_USDT | +0.0100% | 4h | 0.05821 | +0.103% | $934K | $1.4M | 50x | as long as short |
| MEXC PNUT_USDT | +0.0100% | 4h | 0.05819 | +0.069% | $1.2M | $469K | 100x | as long as short |
| Bitget PNUTUSDTlong | +0.0100% | 4h | 0.05815 | long leg | $794K | $1.3M | 50x | |
| BingX PNUT-USDC | +0.0100% | 4h | 0.05817 | +0.034% | — | $6.5M | — | as long as short |
BloFin PNUT-USDT
OKX PNUT-USDT-SWAP
Variational Omni PNUT
Aster PNUTUSDT
Binance PNUTUSDT
Gate PNUT_USDT
MEXC PNUT_USDT
BingX PNUT-USDCShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended PNUT-USD | +0.0104% | 1h | 0.05819 | +0.074% | $6K | $246K | 5x | as long as short |
| KuCoin PNUTUSDTM | +0.0192% | 4h | 0.05823 | +0.138% | $1.2M | $137K | 30x | as long as short |
| Deribit PNUT_USDC-PERPETUAL | +0.0438% | 1h | 0.05814 | −0.017% | $4 | — | 10x | as long as short |
| Hyperliquid PNUT | +0.0476% | 1h | 0.05833 | +0.310% | $1.7M | $560K | 3x | as long as short |
| Coinbase International PNUT-PERP-INTX | +0.1592% | 1h | 0.05839 | +0.413% | $370K | $41K | 50x | as long as short |
| Kraken Futures PF_PNUTUSD | +0.1885% | 1h | 0.05834 | +0.327% | $26K | $14K | 10x | as long as short |
Extended PNUT-USD
KuCoin PNUTUSDTM
Deribit PNUT_USDC-PERPETUAL
Hyperliquid PNUT
Coinbase International PNUT-PERP-INTX
Kraken Futures PF_PNUTUSD