Settings8H · net · $10k
Funding arb · Price arb /

PNUT

all PNUT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against Bybit+0.042%7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$154as in the Funding arb table
Net, price: spread back to 7d avg − costs−$151as in the Price arb table
costs, in and out, $10k−$1551.547% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.006%+$1 on $10k
Price spread, last 4 days (all we have)−0.151%−$15 · spread now +0.042%, 7d avg +0.001%
Together, before fees−0.145%+ Points / potential airdropExtended: Active · farm board−$14 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: Extended is 0.041% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.001%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit PNUTUSDT0.056350.0100pay 0.0050% / 4h29m 49s$2.6M$1.3M50x
ShortExtended PNUT-USD0.056370.0104get 0.0013% / 1h29m 49s$6K$142K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$0.84
Price spread: +0.042% → +0.001%
$4.13
Slippage, 4 orders
−$138.67
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$149.7
Costs to cover
1.547%
Break-even
1254.5 days
Slippage from Bybit: live order book, 2 min ago; Extended: live order book, 26 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 2 min ago3.56 bp35.6 bp −$362710.3 bp −$27.1Kdoesn't fitdoesn't fit
Sell Extended live order book, 26 min ago3.58 bp34.5 bp −$35269.0 bp −$2,690doesn't fitdoesn't fit

PNUT on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX PNUT-USDT-SWAP+0.0050%4h0.05633−0.035%$1.6M$6.0M20xas long as short
Aster PNUTUSDT+0.0100%4h0.05638+0.059%$3K$18K5xas long as short
Binance PNUTUSDT+0.0100%4h0.05638+0.053%$5.3M$10.0M50xas long as short
Bybit PNUTUSDTlong+0.0100%4h0.05635long leg$2.6M$1.3M50x
Gate PNUT_USDT+0.0100%4h0.05640+0.089%$893K$1.1M50xas long as short
MEXC PNUT_USDT+0.0100%4h0.05637+0.035%$1.2M$408K100xas long as short
Bitget PNUTUSDT+0.0100%4h0.05627−0.142%$766K$1.0M50xas long as short
BingX PNUT-USDC+0.0100%4h0.05636+0.018%$6.5Mas long as short
Variational Omni PNUT+0.0100%4h0.05622−0.239%$32$2Kas long as short
Extended PNUT-USDshort+0.0104%1h0.05637+0.042%$6K$142K5x
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin PNUT-USDT+0.0147%4h0.05622−0.231%$284K$25K50xas long as short
KuCoin PNUTUSDTM+0.0264%4h0.05646+0.195%$1.1M$119K30xas long as short
Deribit PNUT_USDC-PERPETUAL+0.0816%1h0.05634−0.018%$410xas long as short
Kraken Futures PF_PNUTUSD+0.0860%1h0.05647+0.206%$24K$14K10xas long as short
Coinbase International PNUT-PERP-INTX+0.1128%1h0.05652+0.302%$359K$53K50xas long as short
Hyperliquid PNUT+0.1186%1h0.05649+0.248%$1.6M$484K3xas long as short