Funding arb · Price arb /

PNUT

all PNUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.1156%/8h= −126.6% APRpaid last 24h −0.330%

Price spread now: Aster against Coinbase International−0.186%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$35 a day on $10k at the current rate, and Aster is 0.186% cheaper against Coinbase International than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International PNUT-PERP-INTX	0.05660	0.1256	pay 0.0157% / 1h	22m 08s	$359K	$53K	50x
Short	Aster PNUTUSDT	0.05649	0.0100	get 0.0050% / 4h	1h 22m	$3K	$18K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now −0.186%Rate

Funding earned: −$242.76
Price spread: −0.186% → 0.000%: −$18.64
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$279.4
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 41 min ago; Aster: 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 Coinbase International live order book, 41 min ago	14.12 bp	19.1 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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	−0.0028%	4h	0.05650	−0.177%	$1.7M	$5.8M	20x	as long as short
BloFin PNUT-USDT	+0.0050%	4h	0.05639	−0.371%	$287K	$26K	50x	as long as short
Aster PNUTUSDTshort	+0.0100%	4h	0.05649	−0.186%	$3K	$18K	5x
Binance PNUTUSDT	+0.0100%	4h	0.05657	−0.053%	$5.3M	$10.0M	50x	as long as short
Bybit PNUTUSDT	+0.0100%	4h	0.05651	−0.159%	$2.6M	$1.3M	50x	as long as short
Gate PNUT_USDT	+0.0100%	4h	0.05654	−0.106%	$901K	$1.1M	50x	as long as short
MEXC PNUT_USDT	+0.0100%	4h	0.05658	−0.035%	$1.2M	$402K	100x	as long as short
Bitget PNUTUSDT	+0.0100%	4h	0.05652	−0.141%	$767K	$1.1M	50x	as long as short
BingX PNUT-USDC	+0.0100%	4h	0.05651	−0.159%	—	$6.5M	—	as long as short
Variational Omni PNUT	+0.0100%	4h	0.05611	−0.868%	$32	$3K	—	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	0.05656	−0.063%	$6K	$139K	5x	as long as short
KuCoin PNUTUSDTM	+0.0130%	4h	0.05655	−0.088%	$1.1M	$123K	30x	as long as short
Kraken Futures PF_PNUTUSD	+0.0378%	1h	0.05659	−0.010%	$24K	$14K	10x	as long as short
Deribit PNUT_USDC-PERPETUAL	+0.0457%	1h	0.05659	−0.018%	$4	—	10x	as long as short
Hyperliquid PNUT	+0.0772%	1h	0.05665	+0.088%	$1.6M	$480K	3x	as long as short
Coinbase International PNUT-PERP-INTXlong	+0.1256%	1h	0.05660	long leg	$359K	$53K	50x