Funding you earn now, next payment 03:00 UTC+0.0181%/8h= +19.8% APRpaid last 24h −0.018%
Price spread now: Deribit against Bybit+0.124%55s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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—needs both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Deribit is 0.124% dearer against Bybit than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 55 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 | 0.05650 | 0.0100 | pay 0.0050% / 4h | 1h 16m | $2.6M | $1.3M | 50x |
| Short | Deribit PNUT_USDC-PERPETUAL | 0.05657 | 0.0281 | get 0.0035% / 1h | 16m 29s | $4 | — | 10x |
Bybit PNUTUSDT
Deribit PNUT_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $37.93
- Price spread: +0.124% → 0.000%
- $12.39
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $32.32
- Costs to cover
- 0.180%
- Break-even
- 1.0 days
Slippage unknown: Bybit: live order book, 1 min ago; Deribit: 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, 1 min ago | 3.54 bp | 35.3 bp −$35 | 2118.6 bp −$21.2K | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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 | −0.0032% | 4h | 0.05653 | +0.053% | $1.7M | $5.8M | 20x | as long as short |
| BloFin PNUT-USDT | +0.0077% | 4h | 0.05666 | +0.283% | $220K | $26K | 50x | as long as short |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05654 | +0.067% | $3K | $18K | 5x | as long as short |
| Binance PNUTUSDT | +0.0100% | 4h | 0.05656 | +0.109% | $5.3M | $10.0M | 50x | as long as short |
| Bybit PNUTUSDTlong | +0.0100% | 4h | 0.05650 | long leg | $2.6M | $1.3M | 50x | |
| Gate PNUT_USDT | +0.0100% | 4h | 0.05662 | +0.212% | $901K | $1.1M | 50x | as long as short |
| MEXC PNUT_USDT | +0.0100% | 4h | 0.05654 | +0.071% | $1.2M | $403K | 100x | as long as short |
| Bitget PNUTUSDT | +0.0100% | 4h | 0.05652 | +0.035% | $767K | $1.1M | 50x | as long as short |
| BingX PNUT-USDC | +0.0100% | 4h | 0.05654 | +0.071% | — | $6.5M | — | as long as short |
| Variational Omni PNUT | +0.0100% | 4h | 0.05662 | +0.220% | $32 | $3K | — | as long as short |
OKX PNUT-USDT-SWAP
BloFin PNUT-USDT
Aster PNUTUSDT
Binance 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 | 0.05654 | +0.079% | $6K | $139K | 5x | as long as short |
| KuCoin PNUTUSDTM | +0.0152% | 4h | 0.05664 | +0.248% | $1.1M | $122K | 30x | as long as short |
| Deribit PNUT_USDC-PERPETUALshort | +0.0281% | 1h | 0.05657 | +0.124% | $4 | — | 10x | |
| Kraken Futures PF_PNUTUSD | +0.0378% | 1h | 0.05662 | +0.221% | $24K | $14K | 10x | as long as short |
| Hyperliquid PNUT | +0.0781% | 1h | 0.05667 | +0.301% | $1.6M | $480K | 3x | as long as short |
| Coinbase International PNUT-PERP-INTX | +0.1256% | 1h | 0.05660 | +0.177% | $359K | $53K | 50x | as long as short |
Extended PNUT-USD
KuCoin PNUTUSDTM
Kraken Futures PF_PNUTUSD
Hyperliquid PNUT
Coinbase International PNUT-PERP-INTX