Funding arb · Price arb /

PNUT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against Bybit−0.027%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.027% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PNUTUSDT	0.05651	0.0100	pay 0.0050% / 4h	1h 22m	$2.6M	$1.3M	50x
Short	Aster PNUTUSDT	0.05649	0.0100	get 0.0050% / 4h	1h 22m	$3K	$18K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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 BybitbpFee AsterbpOrdersPrice spread, now −0.027%Rate

Funding earned: $0
Price spread: −0.027% → 0.000%: −$2.75
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$21.75
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 5 min ago; Aster: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 5 min ago	3.56 bp	35.0 bp −$35	2240.3 bp −$22.4K	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PNUT-USDT-SWAP	−0.0028%	4h	0.05650	−0.018%	$1.7M	$5.8M	20x	as long as short
BloFin PNUT-USDT	+0.0050%	4h	0.05639	−0.212%	$287K	$26K	50x	as long as short
Aster PNUTUSDTshort	+0.0100%	4h	0.05649	−0.027%	$3K	$18K	5x
Binance PNUTUSDT	+0.0100%	4h	0.05657	+0.106%	$5.3M	$10.0M	50x	as long as short
Bybit PNUTUSDTlong	+0.0100%	4h	0.05651	long leg	$2.6M	$1.3M	50x
Gate PNUT_USDT	+0.0100%	4h	0.05654	+0.053%	$901K	$1.1M	50x	as long as short
MEXC PNUT_USDT	+0.0100%	4h	0.05658	+0.124%	$1.2M	$402K	100x	as long as short
Bitget PNUTUSDT	+0.0100%	4h	0.05652	+0.018%	$767K	$1.1M	50x	as long as short
BingX PNUT-USDC	+0.0100%	4h	0.05651	0.000%	—	$6.5M	—	as long as short
Variational Omni PNUT	+0.0100%	4h	0.05611	−0.710%	$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	0.05656	+0.096%	$6K	$139K	5x	as long as short
KuCoin PNUTUSDTM	+0.0130%	4h	0.05655	+0.071%	$1.1M	$123K	30x	as long as short
Kraken Futures PF_PNUTUSD	+0.0378%	1h	0.05659	+0.150%	$24K	$14K	10x	as long as short
Deribit PNUT_USDC-PERPETUAL	+0.0457%	1h	0.05659	+0.142%	$4	—	10x	as long as short
Hyperliquid PNUT	+0.0772%	1h	0.05665	+0.248%	$1.6M	$480K	3x	as long as short
Coinbase International PNUT-PERP-INTX	+0.1256%	1h	0.05660	+0.159%	$359K	$53K	50x	as long as short