Funding you earn now, next payment 04:00 UTC−0.0058%/8h= −6.4% APRnext payment −$0.29 per $10,000 · paid last 24h −0.008%
Price spread now: OKX against BloFin+0.449%103s7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$90as 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−$870.868% of the position
Funding, last 7 days−0.028%−$3 on $10k
+Price spread, last 4 days (all we have)−0.353%−$35 · spread now +0.449%, 7d avg −0.001%
=The price spread pays, funding is against you. OKX is 0.451% dearer against BloFin than usual: you sell high and buy low (spread +0.449% now, against its 7-day average of −0.001%): +$45 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 26 days. At the pace of the last 7 days (−0.028% in total) that is about 4 months. The two prices were read 103 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 | 0.05567 | 0.0092 | pay 0.0046% / 4h | 33m 30s | $282K | $25K | 50x |
| Short | OKX PNUT-USDT-SWAP | 0.05592 | 0.0034 | get 0.0017% / 4h | 33m 30s | $1.6M | $6.0M | 20x |
BloFin PNUT-USDT
OKX PNUT-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$12.2
- Price spread: +0.449% → −0.001%
- $45.05
- Slippage, 4 orders
- −$64.82
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$53.97
- Costs to cover
- 0.868%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 1 min ago; OKX: 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, 1 min ago | 4.49 bp | 24.3 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 1.79 bp | 19.5 bp −$20 | doesn't fit | 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-SWAPshort | +0.0034% | 4h | 0.05592 | +0.449% | $1.6M | $6.0M | 20x | |
| BloFin PNUT-USDTlong | +0.0092% | 4h | 0.05567 | long leg | $282K | $25K | 50x | |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05580 | +0.227% | $3K | $18K | 5x | as long as short |
| Binance PNUTUSDT | +0.0100% | 4h | 0.05596 | +0.526% | $5.3M | $10.0M | 50x | as long as short |
| Bybit PNUTUSDT | +0.0100% | 4h | 0.05589 | +0.395% | $2.6M | $1.3M | 50x | as long as short |
| Gate PNUT_USDT | +0.0100% | 4h | 0.05590 | +0.413% | $880K | $1.1M | 50x | as long as short |
| MEXC PNUT_USDT | +0.0100% | 4h | 0.05585 | +0.323% | $1.2M | $408K | 100x | as long as short |
| Bitget PNUTUSDT | +0.0100% | 4h | 0.05588 | +0.377% | $761K | $1.0M | 50x | as long as short |
| BingX PNUT-USDC | +0.0100% | 4h | 0.05582 | +0.269% | — | $6.5M | — | as long as short |
| Variational Omni PNUT | +0.0100% | 4h | 0.05563 | −0.071% | $32 | $2K | — | as long as short |
Aster PNUTUSDT
Binance PNUTUSDT
Bybit PNUTUSDT
Gate PNUT_USDT
MEXC PNUT_USDT
Bitget PNUTUSDT
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 | 0.05588 | +0.378% | $6K | $142K | 5x | as long as short |
| KuCoin PNUTUSDTM | +0.0208% | 4h | 0.05591 | +0.431% | $1.1M | $119K | 30x | as long as short |
| Deribit PNUT_USDC-PERPETUAL | +0.0468% | 1h | 0.05577 | +0.180% | $4 | — | 10x | as long as short |
| Kraken Futures PF_PNUTUSD | +0.0870% | 1h | 0.05578 | +0.193% | $24K | $14K | 10x | as long as short |
| Coinbase International PNUT-PERP-INTX | +0.1128% | 1h | 0.05602 | +0.629% | $355K | $51K | 50x | as long as short |
| Hyperliquid PNUT | +0.1194% | 1h | 0.05598 | +0.557% | $1.6M | $483K | 3x | as long as short |
Extended PNUT-USD
KuCoin PNUTUSDTM
Deribit PNUT_USDC-PERPETUAL
Kraken Futures PF_PNUTUSD
Coinbase International PNUT-PERP-INTX
Hyperliquid PNUT