PNUT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0047%/8h= −5.1% APRnext payment −$0.23 per $10,000 · paid last 24h −0.003%

Price spread now: Bitget against BloFin−0.229%95s7-day average +0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$910.906% of the position

Long on BloFin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 4 days (all we have)+0.364%+$36 · spread now −0.229%, 7d avg +0.034%

Together, before fees+0.402%+$40 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.264% cheaper against BloFin than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of +0.034%). Swap the legs. The two prices were read 95 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PNUT-USDT	0.05666	0.0147	pay 0.0073% / 4h	1h 17m	$287K	$26K	50x
Short	Bitget PNUTUSDT	0.05653	0.0100	get 0.0050% / 4h	1h 17m	$767K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BloFin. 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 BloFinbpFee BitgetbpOrdersPrice spread, now −0.229%Rate

Funding earned: −$9.81
Price spread: −0.229% → +0.034%: −$26.39
Slippage, 4 orders: −$66.58
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$126.78
Costs to cover: 0.906%
Break-even: never at this rate

Slippage from BloFin: live order book, 22 min ago; Bitget: 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 BloFin live order book, 22 min ago	0.89 bp	28.0 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	6.18 bp	20.6 bp −$21	43.9 bp −$439	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
OKX PNUT-USDT-SWAP	−0.0031%	4h	0.05652	−0.247%	$1.7M	$5.8M	20x	as long as short
Deribit PNUT_USDC-PERPETUAL	0.0000%	1h	0.05649	−0.300%	$4	—	10x	as long as short
Aster PNUTUSDT	+0.0100%	4h	0.05652	−0.240%	$3K	$18K	5x	as long as short
Binance PNUTUSDT	+0.0100%	4h	0.05656	−0.174%	$5.3M	$10.0M	50x	as long as short
Bybit PNUTUSDT	+0.0100%	4h	0.05652	−0.247%	$2.6M	$1.3M	50x	as long as short
Gate PNUT_USDT	+0.0100%	4h	0.05656	−0.176%	$900K	$1.1M	50x	as long as short
MEXC PNUT_USDT	+0.0100%	4h	0.05656	−0.176%	$1.2M	$402K	100x	as long as short
Bitget PNUTUSDTshort	+0.0100%	4h	0.05653	−0.229%	$767K	$1.1M	50x
BingX PNUT-USDT	+0.0100%	4h	0.05653	−0.229%	—	$6.6M	—	as long as short
Variational Omni PNUT	+0.0100%	4h	0.05662	−0.063%	$32	$3K	—	as long as short

Show 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	−0.186%	$6K	$139K	5x	as long as short
BloFin PNUT-USDTlong	+0.0147%	4h	0.05666	long leg	$287K	$26K	50x
KuCoin PNUTUSDTM	+0.0150%	4h	0.05661	−0.088%	$1.1M	$122K	30x	as long as short
Kraken Futures PF_PNUTUSD	+0.0378%	1h	0.05654	−0.215%	$24K	$14K	10x	as long as short
Hyperliquid PNUT	+0.0780%	1h	0.05669	+0.053%	$1.6M	$480K	3x	as long as short
Coinbase International PNUT-PERP-INTX	+0.1256%	1h	0.05660	−0.106%	$359K	$53K	50x	as long as short