Funding you earn now, next payment 12:00 UTC+0.0107%/8h= +11.7% APRnext payment +$0.53 per $10,000 · paid last 24h +0.025%
Price spread now: KuCoin against BloFin−0.142%7-day average +0.169% · you buy dearer than you sell
Net, funding: paid 7d − costs−$671as in the Funding arb table
Net, price: spread back to 7d avg − costs−$715as in the Price arb table
costs, in and out, $10k−$6846.840% of the position
Funding, last 7 days+0.127%+$13 on $10k
+Price spread, last 4 days (all we have)+0.423%+$42 · spread now −0.142%, 7d avg +0.169%
=Funding pays, the price is against you. KuCoin is 0.310% cheaper against BloFin than usual: you would sell low and buy high (spread −0.142% now, against its 7-day average of +0.169%). If the spread goes back, that is −$31 on $10k: about 9.7 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PNUT-USDT | 0.05653 | −0.0007 | get 0.0003% / 4h | 50m 49s | $293K | $26K | 50x |
| Short | KuCoin PNUTUSDTM | 0.05645 | 0.0100 | get 0.0050% / 4h | 50m 49s | $1.1M | $144K | 30x |
BloFin PNUT-USDT
KuCoin PNUTUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against BloFin. 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
- $22.41
- Price spread: −0.142% → +0.169%
- −$31.01
- Slippage, 4 orders
- −$660.01
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$692.62
- Costs to cover
- 6.840%
- Break-even
- 223.4 days
Slippage from BloFin: live order book, 49 min ago; KuCoin: live order book, 2 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, 49 min ago | 2.63 bp | 31.9 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 11.51 bp | 433.4 bp −$433 | doesn't fit | doesn't fit | doesn't fit |
PNUT on 16 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PNUTUSD | −0.0050% | 1h | 0.05638 | −0.264% | $24K | $13K | 10x | as long as short |
| OKX PNUT-USDT-SWAP | −0.0028% | 4h | 0.05637 | −0.283% | $1.7M | $6.7M | 20x | as long as short |
| BloFin PNUT-USDTlong | −0.0007% | 4h | 0.05653 | long leg | $293K | $26K | 50x | |
| Bybit PNUTUSDT | −0.0007% | 4h | 0.05632 | −0.371% | $2.7M | $1.8M | 50x | as long as short |
| Variational Omni PNUT | +0.0040% | 4h | 0.05645 | −0.141% | $107 | $4K | — | as long as short |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05640 | −0.237% | $3K | $26K | 5x | as long as short |
| Binance PNUTUSDT | +0.0100% | 4h | 0.05640 | −0.230% | $5.5M | $11.9M | 50x | as long as short |
| Gate PNUT_USDT | +0.0100% | 4h | 0.05645 | −0.142% | $906K | $1.3M | 50x | as long as short |
| MEXC PNUT_USDT | +0.0100% | 4h | 0.05638 | −0.265% | $1.1M | $446K | 100x | as long as short |
| KuCoin PNUTUSDTMshort | +0.0100% | 4h | 0.05645 | −0.142% | $1.1M | $144K | 30x |
Kraken Futures PF_PNUTUSD
OKX PNUT-USDT-SWAP
Bybit PNUTUSDT
Variational Omni PNUT
Aster PNUTUSDT
Binance PNUTUSDT
Gate PNUT_USDT
MEXC PNUT_USDTShow all 16 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PNUTUSDT | +0.0100% | 4h | 0.05639 | −0.248% | $770K | $1.2M | 50x | as long as short |
| BingX PNUT-USDC | +0.0100% | 4h | 0.05637 | −0.283% | — | $6.5M | — | as long as short |
| Extended PNUT-USD | +0.0104% | 1h | 0.05638 | −0.262% | $7K | $240K | 5x | as long as short |
| Deribit PNUT_USDC-PERPETUAL | +0.0105% | 1h | 0.05639 | −0.248% | $99 | $100 | 10x | as long as short |
| Hyperliquid PNUT | +0.0540% | 1h | 0.05651 | −0.035% | $1.6M | $550K | 3x | as long as short |
| Coinbase International PNUT-PERP-INTX | +0.1536% | 1h | 0.05716 | +1.114% | $363K | $54K | 50x | as long as short |
Bitget PNUTUSDT
BingX PNUT-USDC
Extended PNUT-USD
Deribit PNUT_USDC-PERPETUAL
Hyperliquid PNUT
Coinbase International PNUT-PERP-INTX