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: BingX against Bybit+0.018%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$1011.007% of the position
Funding, last 7 days+0.025%+$3 on $10k
+Price spread, last 7 days−0.021%−$2 · spread now +0.018%, 7d avg +0.005%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PNUTUSDT | 0.05652 | 0.0100 | pay 0.0050% / 4h | 1h 17m | $2.6M | $1.3M | 50x |
| Short | BingX PNUT-USDT | 0.05653 | 0.0100 | get 0.0050% / 4h | 1h 17m | — | $6.6M | — |
Bybit PNUTUSDT
BingX PNUT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bybit. 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
- $0
- Price spread: +0.018% → +0.005%
- $1.25
- Slippage, 4 orders
- −$79.7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$99.45
- Costs to cover
- 1.007%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; BingX: live order book, 9 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 Bybit live order book, 5 min ago | 3.54 bp | 37.0 bp −$37 | 2529.4 bp −$25.3K | doesn't fit | doesn't fit |
| Sell BingX live order book, 9 min ago | 3.56 bp | 16.6 bp −$17 | 43.0 bp −$430 | 451.1 bp −$45.1K | 905.4 bp −$452.7K |
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 | −0.0031% | 4h | 0.05652 | 0.000% | $1.7M | $5.8M | 20x | as long as short |
| Deribit PNUT_USDC-PERPETUAL | 0.0000% | 1h | 0.05649 | −0.053% | $4 | — | 10x | as long as short |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05652 | +0.007% | $3K | $18K | 5x | as long as short |
| Binance PNUTUSDT | +0.0100% | 4h | 0.05656 | +0.073% | $5.3M | $10.0M | 50x | as long as short |
| Bybit PNUTUSDTlong | +0.0100% | 4h | 0.05652 | long leg | $2.6M | $1.3M | 50x | |
| Gate PNUT_USDT | +0.0100% | 4h | 0.05656 | +0.071% | $900K | $1.1M | 50x | as long as short |
| MEXC PNUT_USDT | +0.0100% | 4h | 0.05656 | +0.071% | $1.2M | $402K | 100x | as long as short |
| Bitget PNUTUSDT | +0.0100% | 4h | 0.05653 | +0.018% | $767K | $1.1M | 50x | as long as short |
| BingX PNUT-USDTshort | +0.0100% | 4h | 0.05653 | +0.018% | — | $6.6M | — | |
| Variational Omni PNUT | +0.0100% | 4h | 0.05662 | +0.185% | $32 | $3K | — | as long as short |
OKX PNUT-USDT-SWAP
Deribit PNUT_USDC-PERPETUAL
Aster PNUTUSDT
Binance PNUTUSDT
Gate PNUT_USDT
MEXC PNUT_USDT
Bitget PNUTUSDT
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 | 0.05655 | +0.061% | $6K | $139K | 5x | as long as short |
| BloFin PNUT-USDT | +0.0147% | 4h | 0.05666 | +0.248% | $287K | $26K | 50x | as long as short |
| KuCoin PNUTUSDTM | +0.0150% | 4h | 0.05661 | +0.159% | $1.1M | $122K | 30x | as long as short |
| Kraken Futures PF_PNUTUSD | +0.0378% | 1h | 0.05654 | +0.032% | $24K | $14K | 10x | as long as short |
| Hyperliquid PNUT | +0.0780% | 1h | 0.05669 | +0.301% | $1.6M | $480K | 3x | as long as short |
| Coinbase International PNUT-PERP-INTX | +0.1256% | 1h | 0.05660 | +0.142% | $359K | $53K | 50x | as long as short |
Extended PNUT-USD
BloFin PNUT-USDT
KuCoin PNUTUSDTM
Kraken Futures PF_PNUTUSD
Hyperliquid PNUT
Coinbase International PNUT-PERP-INTX