Funding you earn now, next payment 04:00 UTC+0.0150%/8h= +16.4% APRnext payment +$0.75 per $10,000 · paid last 24h +0.007%
Price spread now: KuCoin against Bybit+0.461%7-day average +0.089% · you sell dearer than you buy
Net, funding: paid 7d − costs−$413as in the Funding arb table
Net, price: spread back to 7d avg − costs−$385as in the Price arb table
costs, in and out, $10k−$4224.219% of the position
Funding, last 7 days+0.086%+$9 on $10k
+Price spread, last 7 days−0.439%−$44 · spread now +0.461%, 7d avg +0.089%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and KuCoin is 0.372% dearer against Bybit than usual: you sell high and buy low: +$37 more if the spread goes back to its 7-day average of +0.089%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PNUTUSDT | 0.05637 | 0.0100 | pay 0.0050% / 4h | 26m 30s | $2.6M | $1.3M | 50x |
| Short | KuCoin PNUTUSDTM | 0.05663 | 0.0250 | get 0.0125% / 4h | 26m 30s | $1.1M | $119K | 30x |
Bybit PNUTUSDT
KuCoin PNUTUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $31.5
- Price spread: +0.461% → +0.089%
- $37.22
- Slippage, 4 orders
- −$398.85
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$353.13
- Costs to cover
- 4.219%
- Break-even
- 85.5 days
Slippage from Bybit: live order book, 1 min ago; KuCoin: live order book, 3 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, 1 min ago | 2.65 bp | 37.9 bp −$38 | 2179.7 bp −$21.8K | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 6.20 bp | 166.7 bp −$167 | 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 | +0.0052% | 4h | 0.05637 | 0.000% | $1.6M | $6.0M | 20x | as long as short |
| BloFin PNUT-USDT | +0.0072% | 4h | 0.05638 | +0.018% | $281K | $25K | 50x | as long as short |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05652 | +0.266% | $3K | $19K | 5x | as long as short |
| Binance PNUTUSDT | +0.0100% | 4h | 0.05643 | +0.111% | $5.3M | $10.1M | 50x | as long as short |
| Bybit PNUTUSDTlong | +0.0100% | 4h | 0.05637 | long leg | $2.6M | $1.3M | 50x | |
| Gate PNUT_USDT | +0.0100% | 4h | 0.05649 | +0.213% | $894K | $1.1M | 50x | as long as short |
| MEXC PNUT_USDT | +0.0100% | 4h | 0.05650 | +0.231% | $1.2M | $408K | 100x | as long as short |
| Bitget PNUTUSDT | +0.0100% | 4h | 0.05643 | +0.106% | $767K | $1.0M | 50x | as long as short |
| BingX PNUT-USDT | +0.0100% | 4h | 0.05644 | +0.124% | — | $6.6M | — | as long as short |
| Variational Omni PNUT | +0.0100% | 4h | 0.05622 | −0.275% | $32 | $2K | — | 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-USDT
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 | 0.05649 | +0.205% | $6K | $142K | 5x | as long as short |
| KuCoin PNUTUSDTMshort | +0.0250% | 4h | 0.05663 | +0.461% | $1.1M | $119K | 30x | |
| Deribit PNUT_USDC-PERPETUAL | +0.0458% | 1h | 0.05652 | +0.266% | $4 | — | 10x | as long as short |
| Kraken Futures PF_PNUTUSD | +0.0858% | 1h | 0.05655 | +0.318% | $24K | $14K | 10x | as long as short |
| Coinbase International PNUT-PERP-INTX | +0.1128% | 1h | 0.05669 | +0.568% | $360K | $53K | 50x | as long as short |
| Hyperliquid PNUT | +0.1165% | 1h | 0.05661 | +0.426% | $1.6M | $485K | 3x | as long as short |
Extended PNUT-USD
Deribit PNUT_USDC-PERPETUAL
Kraken Futures PF_PNUTUSD
Coinbase International PNUT-PERP-INTX
Hyperliquid PNUT