PNUT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0150%/8h= +16.4% APRnext payment +$0.75 per $10,000 · paid last 24h +0.007%

Price spread now: KuCoin against Bitget+0.159%7-day average +0.091% · you sell dearer than you buy

Net, funding: paid 7d − costs−$502as in the Funding arb table

Net, price: spread back to 7d avg − costs−$501as in the Price arb table

costs, in and out, $10k−$5085.081% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.061%+$6 on $10k

Price spread, last 7 days−0.159%−$16 · spread now +0.159%, 7d avg +0.091%

Together, before fees−0.098%−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and KuCoin is 0.068% dearer against Bitget than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.091%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PNUTUSDT	0.05652	0.0100	pay 0.0050% / 4h	2h 05m	$765K	$1.1M	50x
Short	KuCoin PNUTUSDTM	0.05661	0.0250	get 0.0125% / 4h	2h 05m	$1.1M	$131K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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

Position, each leg$Hold fordaysFee BitgetbpFee KuCoinbpOrdersPrice spread, now +0.159%Rate

Funding earned: $31.5
Price spread: +0.159% → +0.091%: $6.82
Slippage, 4 orders: −$484.13
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$469.81
Costs to cover: 5.081%
Break-even: 111.4 days

Slippage from Bitget: live order book, 1 min ago; KuCoin: 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, 1 min ago	4.42 bp	21.1 bp −$21	54.4 bp −$544	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	7.97 bp	188.3 bp −$188	doesn't fit	doesn't fit	doesn't fit

PNUT on 15 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	0.05658	+0.106%	$4	—	10x	as long as short
OKX PNUT-USDT-SWAP	+0.0063%	4h	0.05650	−0.035%	$1.7M	$5.8M	20x	as long as short
Aster PNUTUSDT	+0.0100%	4h	0.05658	+0.104%	$3K	$18K	5x	as long as short
Binance PNUTUSDT	+0.0100%	4h	0.05654	+0.041%	$5.3M	$10.0M	50x	as long as short
Bybit PNUTUSDT	+0.0100%	4h	0.05652	0.000%	$2.6M	$1.3M	50x	as long as short
Gate PNUT_USDT	+0.0100%	4h	0.05657	+0.088%	$895K	$1.1M	50x	as long as short
MEXC PNUT_USDT	+0.0100%	4h	0.05656	+0.071%	$1.2M	$398K	100x	as long as short
Bitget PNUTUSDTlong	+0.0100%	4h	0.05652	long leg	$765K	$1.1M	50x
BingX PNUT-USDC	+0.0100%	4h	0.05656	+0.071%	—	$6.5M	—	as long as short
Variational Omni PNUT	+0.0100%	4h	0.05653	+0.018%	$32	$3K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended PNUT-USD	+0.0104%	1h	0.05657	+0.080%	$8K	$143K	5x	as long as short
KuCoin PNUTUSDTMshort	+0.0250%	4h	0.05661	+0.159%	$1.1M	$131K	30x
Kraken Futures PF_PNUTUSD	+0.0738%	1h	0.05662	+0.170%	$24K	$14K	10x	as long as short
Hyperliquid PNUT	+0.0808%	1h	0.05668	+0.283%	$1.6M	$477K	3x	as long as short
Coinbase International PNUT-PERP-INTX	+0.1072%	1h	0.05689	+0.655%	$361K	$54K	50x	as long as short