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

PNUT

all PNUT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against Bitget+0.078%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$119as in the Funding arb table
Net, price: spread back to 7d avg − costs−$110as in the Price arb table
costs, in and out, $10k−$1171.172% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.019%−$2 on $10k
Price spread, last 4 days (all we have)+0.808%+$81 · spread now +0.078%, 7d avg +0.005%
Together, before fees+0.790%+ Points / potential airdropExtended: Active · farm board+$79 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: Extended is 0.074% dearer against Bitget than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.005%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget PNUTUSDT0.056520.0100pay 0.0050% / 4h1h 22m$767K$1.1M50x
ShortExtended PNUT-USD0.056560.0104get 0.0013% / 1h22m 06s$6K$139K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$0.84
Price spread: +0.078% → +0.005%
$7.35
Slippage, 4 orders
−$100.17
Fee Bitget: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$108.98
Costs to cover
1.172%
Break-even
915.2 days
Slippage from Bitget: live order book, 4 min ago; Extended: live order book, 39 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, 4 min ago4.45 bp18.2 bp −$1847.1 bp −$471doesn't fitdoesn't fit
Sell Extended live order book, 39 min ago2.92 bp32.3 bp −$32237.6 bp −$2,376doesn't fitdoesn't fit

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−0.0028%4h0.05650−0.035%$1.7M$5.8M20xas long as short
BloFin PNUT-USDT+0.0050%4h0.05639−0.230%$287K$26K50xas long as short
Aster PNUTUSDT+0.0100%4h0.05649−0.045%$3K$18K5xas long as short
Binance PNUTUSDT+0.0100%4h0.05657+0.088%$5.3M$10.0M50xas long as short
Bybit PNUTUSDT+0.0100%4h0.05651−0.018%$2.6M$1.3M50xas long as short
Gate PNUT_USDT+0.0100%4h0.05654+0.035%$901K$1.1M50xas long as short
MEXC PNUT_USDT+0.0100%4h0.05658+0.106%$1.2M$402K100xas long as short
Bitget PNUTUSDTlong+0.0100%4h0.05652long leg$767K$1.1M50x
BingX PNUT-USDC+0.0100%4h0.05651−0.018%$6.5Mas long as short
Variational Omni PNUT+0.0100%4h0.05611−0.728%$32$3Kas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended PNUT-USDshort+0.0104%1h0.05656+0.078%$6K$139K5x
KuCoin PNUTUSDTM+0.0130%4h0.05655+0.053%$1.1M$123K30xas long as short
Kraken Futures PF_PNUTUSD+0.0378%1h0.05659+0.132%$24K$14K10xas long as short
Deribit PNUT_USDC-PERPETUAL+0.0457%1h0.05659+0.124%$410xas long as short
Hyperliquid PNUT+0.0772%1h0.05665+0.230%$1.6M$480K3xas long as short
Coinbase International PNUT-PERP-INTX+0.1256%1h0.05660+0.142%$359K$53K50xas long as short