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

PNUT

all PNUT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0934%/8h= +102.2% APRpaid last 24h +0.432%
Price spread now: Kraken Futures against BloFin+0.358%57s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and Kraken Futures is 0.358% dearer against BloFin than usual: you sell high and buy low: +$36 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin PNUT-USDT0.056130.0007pay 0.0004% / 4h2h 36m$290K$26K50x
ShortKraken Futures PF_PNUTUSD0.056330.0941get 0.0118% / 1h36m 22s$24K$13K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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

Funding earned
$196.08
Price spread: +0.358% → 0.000%
$35.76
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$209.84
Costs to cover
0.220%
Break-even
from the start
Slippage unknown: BloFin: live order book, 53 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
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 53 min ago7.00 bp37.0 bp −$37doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX PNUT-USDT-SWAP−0.0033%4h0.05619+0.107%$1.6M$6.3M20xas long as short
BloFin PNUT-USDTlong+0.0007%4h0.05613long leg$290K$26K50x
Bybit PNUTUSDT+0.0083%4h0.05624+0.196%$2.6M$1.5M50xas long as short
Aster PNUTUSDT+0.0100%4h0.05628+0.270%$3K$19K5xas long as short
Binance PNUTUSDT+0.0100%4h0.05627+0.249%$5.4M$10.9M50xas long as short
Gate PNUT_USDT+0.0100%4h0.05626+0.232%$900K$1.2M50xas long as short
MEXC PNUT_USDT+0.0100%4h0.05628+0.267%$1.1M$433K100xas long as short
Bitget PNUTUSDT+0.0100%4h0.05625+0.214%$782K$1.2M50xas long as short
BingX PNUT-USDC+0.0100%4h0.05623+0.178%$6.5Mas long as short
Variational Omni PNUT+0.0100%4h0.05617+0.074%$32$2Kas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended PNUT-USD+0.0104%1h0.05626+0.223%$7K$79K5xas long as short
KuCoin PNUTUSDTM+0.0174%4h0.05632+0.338%$1.1M$112K30xas long as short
Deribit PNUT_USDC-PERPETUAL+0.0283%1h0.05628+0.267%$410xas long as short
Hyperliquid PNUT+0.0893%1h0.05638+0.445%$1.6M$509K3xas long as short
Kraken Futures PF_PNUTUSDshort+0.0941%1h0.05633+0.358%$24K$13K10x
Coinbase International PNUT-PERP-INTX+0.1472%1h0.05735+2.174%$364K$40K50xas long as short