Funding you earn now, next payment 08:00 UTC+0.0217%/8h= +23.7% APRpaid last 24h +0.444%
Price spread now: Kraken Futures against Bitget+0.132%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Kraken Futures is 0.132% dearer against Bitget than usual: you sell high and buy low: +$13 more if the spread 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 | 0.05809 | 0.0100 | pay 0.0050% / 4h | 23m 38s | $800K | $1.2M | 50x |
| Short | Kraken Futures PF_PNUTUSD | 0.05817 | 0.0317 | get 0.0040% / 1h | 23m 38s | $25K | $13K | 10x |
Bitget PNUTUSDT
Kraken Futures PF_PNUTUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $45.47
- Price spread: +0.132% → 0.000%
- $13.22
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $36.69
- Costs to cover
- 0.220%
- Break-even
- 1.4 days
Slippage unknown: Bitget: live order book, 3 min ago; Kraken Futures: 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, 3 min ago | 5.17 bp | 19.5 bp −$20 | 146.3 bp −$1,463 | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Kraken Futures: 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit PNUT_USDC-PERPETUAL | 0.0000% | 1h | 0.05801 | −0.138% | $4 | — | 10x | as long as short |
| BloFin PNUT-USDT | +0.0073% | 4h | 0.05812 | +0.052% | $304K | $27K | 50x | as long as short |
| OKX PNUT-USDT-SWAP | +0.0098% | 4h | 0.05821 | +0.207% | $1.8M | $7.0M | 20x | as long as short |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05815 | +0.107% | $3K | $21K | 5x | as long as short |
| Binance PNUTUSDT | +0.0100% | 4h | 0.05816 | +0.113% | $5.7M | $11.7M | 50x | as long as short |
| Bybit PNUTUSDT | +0.0100% | 4h | 0.05808 | −0.017% | $2.7M | $1.7M | 50x | as long as short |
| Gate PNUT_USDT | +0.0100% | 4h | 0.05809 | 0.000% | $905K | $1.3M | 50x | as long as short |
| MEXC PNUT_USDT | +0.0100% | 4h | 0.05809 | 0.000% | $1.1M | $457K | 100x | as long as short |
| Bitget PNUTUSDTlong | +0.0100% | 4h | 0.05809 | long leg | $800K | $1.2M | 50x | |
| BingX PNUT-USDT | +0.0100% | 4h | 0.05813 | +0.069% | — | $6.6M | — | as long as short |
Deribit PNUT_USDC-PERPETUAL
BloFin PNUT-USDT
OKX PNUT-USDT-SWAP
Aster PNUTUSDT
Binance PNUTUSDT
Bybit PNUTUSDT
Gate PNUT_USDT
MEXC PNUT_USDT
BingX PNUT-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni PNUT | +0.0100% | 4h | 0.05800 | −0.156% | $33 | $2K | — | as long as short |
| Extended PNUT-USD | +0.0104% | 1h | 0.05808 | −0.024% | $13K | $238K | 5x | as long as short |
| KuCoin PNUTUSDTM | +0.0292% | 4h | 0.05816 | +0.121% | $1.2M | $128K | 30x | as long as short |
| Kraken Futures PF_PNUTUSDshort | +0.0317% | 1h | 0.05817 | +0.132% | $25K | $13K | 10x | |
| Hyperliquid PNUT | +0.0845% | 1h | 0.05819 | +0.172% | $1.7M | $550K | 3x | as long as short |
| Coinbase International PNUT-PERP-INTX | +0.1600% | 1h | 0.05851 | +0.723% | $371K | $44K | 50x | as long as short |
Variational Omni PNUT
Extended PNUT-USD
KuCoin PNUTUSDTM
Hyperliquid PNUT
Coinbase International PNUT-PERP-INTX