Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Bitget+0.071%7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$550.546% of the position
Funding, last 7 days−0.026%−$3 on $10k
+Price spread, last 7 days−0.104%−$10 · spread now +0.071%, 7d avg +0.009%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.062% dearer against Bitget than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.009%.
| 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 | 1h 21m | $767K | $1.1M | 50x |
| Short | MEXC PNUT_USDT | 0.05656 | 0.0100 | get 0.0050% / 4h | 1h 21m | $1.2M | $402K | 100x |
Bitget PNUTUSDT
MEXC PNUT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $0
- Price spread: +0.071% → +0.009%
- $6.18
- Slippage, 4 orders
- −$38.6
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$48.43
- Costs to cover
- 0.546%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; MEXC: 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, 4 min ago | 4.45 bp | 18.2 bp −$18 | 47.1 bp −$471 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 1.78 bp | 8.1 bp −$8 | 18.3 bp −$183 | 94.3 bp −$9,433 | 249.9 bp −$125.0K |
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 | |
|---|---|---|---|---|---|---|---|---|
| OKX PNUT-USDT-SWAP | −0.0028% | 4h | 0.05650 | −0.035% | $1.7M | $5.8M | 20x | as long as short |
| BloFin PNUT-USDT | +0.0050% | 4h | 0.05639 | −0.230% | $287K | $26K | 50x | as long as short |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05649 | −0.045% | $3K | $18K | 5x | as long as short |
| Binance PNUTUSDT | +0.0100% | 4h | 0.05657 | +0.088% | $5.3M | $10.0M | 50x | as long as short |
| Bybit PNUTUSDT | +0.0100% | 4h | 0.05651 | −0.018% | $2.6M | $1.3M | 50x | as long as short |
| Gate PNUT_USDT | +0.0100% | 4h | 0.05655 | +0.053% | $901K | $1.1M | 50x | as long as short |
| MEXC PNUT_USDTshort | +0.0100% | 4h | 0.05656 | +0.071% | $1.2M | $402K | 100x | |
| Bitget PNUTUSDTlong | +0.0100% | 4h | 0.05652 | long leg | $767K | $1.1M | 50x | |
| BingX PNUT-USDC | +0.0100% | 4h | 0.05651 | −0.018% | — | $6.5M | — | as long as short |
| Variational Omni PNUT | +0.0100% | 4h | 0.05611 | −0.728% | $32 | $3K | — | as long as short |
OKX PNUT-USDT-SWAP
BloFin PNUT-USDT
Aster PNUTUSDT
Binance PNUTUSDT
Bybit PNUTUSDT
Gate PNUT_USDT
BingX PNUT-USDC
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 | 0.05655 | +0.060% | $6K | $139K | 5x | as long as short |
| KuCoin PNUTUSDTM | +0.0130% | 4h | 0.05655 | +0.053% | $1.1M | $122K | 30x | as long as short |
| Kraken Futures PF_PNUTUSD | +0.0378% | 1h | 0.05659 | +0.132% | $24K | $14K | 10x | as long as short |
| Deribit PNUT_USDC-PERPETUAL | +0.0457% | 1h | 0.05659 | +0.124% | $4 | — | 10x | as long as short |
| Hyperliquid PNUT | +0.0772% | 1h | 0.05665 | +0.230% | $1.6M | $480K | 3x | as long as short |
| Coinbase International PNUT-PERP-INTX | +0.1256% | 1h | 0.05660 | +0.142% | $359K | $53K | 50x | as long as short |
Extended PNUT-USD
KuCoin PNUTUSDTM
Kraken Futures PF_PNUTUSD
Deribit PNUT_USDC-PERPETUAL
Hyperliquid PNUT
Coinbase International PNUT-PERP-INTX