PNUT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.04 per $10,000 · paid last 24h +0.003%

Price spread now: BloFin against Bybit−0.394%102s7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$124as 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−$1231.230% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 4 days (all we have)+0.201%+$20 · spread now −0.394%, 7d avg −0.030%

Together, before fees+0.189%+$19 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.363% cheaper against Bybit than usual: you would sell low and buy high, −$36 on $10k if it goes back to its 7-day average of −0.030%. The two prices were read 102 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	Bybit PNUTUSDT	0.05589	0.0100	pay 0.0050% / 4h	33m 35s	$2.6M	$1.3M	50x
Short	BloFin PNUT-USDT	0.05567	0.0092	get 0.0046% / 4h	33m 35s	$282K	$25K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.394%Rate

Funding earned: −$1.72
Price spread: −0.394% → −0.030%: −$36.33
Slippage, 4 orders: −$99.99
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$161.03
Costs to cover: 1.230%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; BloFin: live order book, 1 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, 4 min ago	3.59 bp	37.7 bp −$38	2582.7 bp −$25.8K	doesn't fit	doesn't fit
Sell BloFin live order book, 1 min ago	4.49 bp	29.7 bp −$30	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-SWAP	+0.0034%	4h	0.05592	+0.054%	$1.6M	$6.0M	20x	as long as short
BloFin PNUT-USDTshort	+0.0092%	4h	0.05567	−0.394%	$282K	$25K	50x
Aster PNUTUSDT	+0.0100%	4h	0.05580	−0.168%	$3K	$18K	5x	as long as short
Binance PNUTUSDT	+0.0100%	4h	0.05596	+0.130%	$5.3M	$10.0M	50x	as long as short
Bybit PNUTUSDTlong	+0.0100%	4h	0.05589	long leg	$2.6M	$1.3M	50x
Gate PNUT_USDT	+0.0100%	4h	0.05590	+0.018%	$880K	$1.1M	50x	as long as short
MEXC PNUT_USDT	+0.0100%	4h	0.05585	−0.072%	$1.2M	$408K	100x	as long as short
Bitget PNUTUSDT	+0.0100%	4h	0.05588	−0.018%	$761K	$1.0M	50x	as long as short
BingX PNUT-USDC	+0.0100%	4h	0.05582	−0.125%	—	$6.5M	—	as long as short
Variational Omni PNUT	+0.0100%	4h	0.05563	−0.465%	$32	$2K	—	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	0.05588	−0.017%	$6K	$142K	5x	as long as short
KuCoin PNUTUSDTM	+0.0208%	4h	0.05591	+0.036%	$1.1M	$119K	30x	as long as short
Deribit PNUT_USDC-PERPETUAL	+0.0468%	1h	0.05577	−0.215%	$4	—	10x	as long as short
Kraken Futures PF_PNUTUSD	+0.0870%	1h	0.05578	−0.201%	$24K	$14K	10x	as long as short
Coinbase International PNUT-PERP-INTX	+0.1128%	1h	0.05602	+0.233%	$355K	$51K	50x	as long as short
Hyperliquid PNUT	+0.1194%	1h	0.05598	+0.161%	$1.6M	$483K	3x	as long as short