Funding you earn now, next payment 08:00 UTC−0.0010%/8h= −1.0% APRnext payment −$0.05 per $10,000 · paid last 24h −0.003%
Price spread now: MEXC against BloFin+0.264%64s7-day average +0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs−$67as 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−$680.681% of the position
Funding, last 7 days+0.012%+$1 on $10k
+Price spread, last 4 days (all we have)−0.110%−$11 · spread now +0.264%, 7d avg +0.057%
=The price spread pays, funding is against you. MEXC is 0.207% dearer against BloFin than usual: you sell high and buy low (spread +0.264% now, against its 7-day average of +0.057%): +$21 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 2 months. The two prices were read 64 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 | 0.05688 | 0.0110 | pay 0.0055% / 4h | 3h 56m | $286K | $25K | 50x |
| Short | MEXC PNUT_USDT | 0.05703 | 0.0100 | get 0.0050% / 4h | 3h 56m | $1.2M | $409K | 100x |
BloFin PNUT-USDT
MEXC PNUT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$2.01
- Price spread: +0.264% → +0.057%
- $20.66
- Slippage, 4 orders
- −$52.09
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$49.44
- Costs to cover
- 0.681%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 38 min ago; MEXC: live order book, 5 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, 38 min ago | 4.49 bp | 24.3 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 0.88 bp | 6.1 bp −$6 | 19.0 bp −$190 | 113.9 bp −$11.4K | 267.9 bp −$133.9K |
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 | +0.0089% | 4h | 0.05701 | +0.229% | $1.7M | $6.2M | 20x | as long as short |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05699 | +0.195% | $3K | $19K | 5x | as long as short |
| Binance PNUTUSDT | +0.0100% | 4h | 0.05705 | +0.297% | $5.4M | $10.3M | 50x | as long as short |
| Bybit PNUTUSDT | +0.0100% | 4h | 0.05697 | +0.158% | $2.6M | $1.3M | 50x | as long as short |
| MEXC PNUT_USDTshort | +0.0100% | 4h | 0.05703 | +0.264% | $1.2M | $409K | 100x | |
| Bitget PNUTUSDT | +0.0100% | 4h | 0.05697 | +0.158% | $760K | $1.1M | 50x | as long as short |
| BingX PNUT-USDT | +0.0100% | 4h | 0.05695 | +0.123% | — | $6.6M | — | as long as short |
| Variational Omni PNUT | +0.0100% | 4h | 0.05698 | +0.176% | $32 | $2K | — | as long as short |
| Extended PNUT-USD | +0.0104% | 1h | 0.05699 | +0.194% | $8K | $140K | 5x | as long as short |
| BloFin PNUT-USDTlong | +0.0110% | 4h | 0.05688 | long leg | $286K | $25K | 50x |
OKX PNUT-USDT-SWAP
Aster PNUTUSDT
Binance PNUTUSDT
Bybit PNUTUSDT
Bitget PNUTUSDT
BingX PNUT-USDT
Variational Omni PNUT
Extended PNUT-USDShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PNUTUSDTM | +0.0238% | 4h | 0.05706 | +0.316% | $1.1M | $119K | 30x | as long as short |
| Deribit PNUT_USDC-PERPETUAL | +0.0451% | 1h | 0.05707 | +0.334% | $4 | — | 10x | as long as short |
| Gate PNUT_USDT | +0.0662% | 4h | 0.05708 | +0.352% | $979K | $1.2M | 50x | as long as short |
| Hyperliquid PNUT | +0.0979% | 1h | 0.05717 | +0.510% | $1.7M | $486K | 3x | as long as short |
| Kraken Futures PF_PNUTUSD | +0.1165% | 1h | 0.05729 | +0.720% | $25K | $14K | 10x | as long as short |
| Coinbase International PNUT-PERP-INTX | +0.1240% | 1h | 0.05737 | +0.861% | $364K | $53K | 50x | as long as short |
KuCoin PNUTUSDTM
Deribit PNUT_USDC-PERPETUAL
Gate PNUT_USDT
Hyperliquid PNUT
Kraken Futures PF_PNUTUSD
Coinbase International PNUT-PERP-INTX