Funding you earn now, next payment 08:00 UTC−0.0033%/8h= −3.6% APRnext payment −$0.17 per $10,000 · paid last 24h −0.006%
Price spread now: OKX against Bybit−0.052%7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$112as in the Funding arb table
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$1081.082% of the position
Funding, last 7 days−0.041%−$4 on $10k
+Price spread, last 7 days+0.045%+$5 · spread now −0.052%, 7d avg −0.011%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.041% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.011%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PNUTUSDT | 0.05722 | 0.0100 | pay 0.0050% / 4h | 1h 59m | $2.6M | $1.5M | 50x |
| Short | OKX PNUT-USDT-SWAP | 0.05719 | 0.0067 | get 0.0033% / 4h | 1h 59m | $1.7M | $6.5M | 20x |
Bybit PNUTUSDT
OKX PNUT-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$6.95
- Price spread: −0.052% → −0.011%
- −$4.11
- Slippage, 4 orders
- −$87.18
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$119.24
- Costs to cover
- 1.082%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; OKX: live order book, 4 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, 3 min ago | 4.38 bp | 35.0 bp −$35 | 1969.9 bp −$19.7K | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 1.75 bp | 18.2 bp −$18 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin PNUT-USDT | +0.0054% | 4h | 0.05725 | +0.052% | $289K | $27K | 50x | as long as short |
| OKX PNUT-USDT-SWAPshort | +0.0067% | 4h | 0.05719 | −0.052% | $1.7M | $6.5M | 20x | |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05726 | +0.072% | $3K | $19K | 5x | as long as short |
| Binance PNUTUSDT | +0.0100% | 4h | 0.05731 | +0.157% | $5.5M | $11.0M | 50x | as long as short |
| Bybit PNUTUSDTlong | +0.0100% | 4h | 0.05722 | long leg | $2.6M | $1.5M | 50x | |
| Gate PNUT_USDT | +0.0100% | 4h | 0.05718 | −0.070% | $897K | $1.2M | 50x | as long as short |
| MEXC PNUT_USDT | +0.0100% | 4h | 0.05729 | +0.122% | $1.1M | $444K | 100x | as long as short |
| Bitget PNUTUSDT | +0.0100% | 4h | 0.05724 | +0.035% | $784K | $1.1M | 50x | as long as short |
| BingX PNUT-USDC | +0.0100% | 4h | 0.05723 | +0.017% | — | $6.5M | — | as long as short |
| Variational Omni PNUT | +0.0100% | 4h | 0.05710 | −0.202% | $33 | $2K | — | as long as short |
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 | 0.05725 | +0.050% | $6K | $81K | 5x | as long as short |
| KuCoin PNUTUSDTM | +0.0282% | 4h | 0.05731 | +0.157% | $1.1M | $113K | 30x | as long as short |
| Deribit PNUT_USDC-PERPETUAL | +0.0449% | 1h | 0.05727 | +0.087% | $4 | — | 10x | as long as short |
| Hyperliquid PNUT | +0.0653% | 1h | 0.05738 | +0.280% | $1.7M | $511K | 3x | as long as short |
| Kraken Futures PF_PNUTUSD | +0.1110% | 1h | 0.05729 | +0.123% | $25K | $13K | 10x | as long as short |
| Coinbase International PNUT-PERP-INTX | +0.1616% | 1h | 0.05762 | +0.699% | $366K | $42K | 50x | as long as short |
Extended PNUT-USD
KuCoin PNUTUSDTM
Deribit PNUT_USDC-PERPETUAL
Hyperliquid PNUT
Kraken Futures PF_PNUTUSD
Coinbase International PNUT-PERP-INTX