Funding you earn now, next payment 03:00 UTC−0.1036%/8h= −113.5% APRpaid last 24h −0.326%
Price spread now: BloFin against Coinbase International−0.625%58s7-day average −0.675% · you buy dearer than you sell
Net, funding: paid 7d − costs−$267as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1001.004% of the position
Funding, last 7 days−1.671%−$167 on $10k
+Price spread, last 4 days (all we have)−0.064%−$6 · spread now −0.625%, 7d avg −0.675%
=The price spread pays, funding is against you. BloFin is 0.050% dearer against Coinbase International than usual: you sell high and buy low (spread −0.625% now, against its 7-day average of −0.675%): +$5 on $10k if it goes back. Holding the pair costs −$31 a day in funding at the current rate, which eats that in about 4 hours. The two prices were read 58 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 | Coinbase International PNUT-PERP-INTX | 0.05602 | 0.1128 | pay 0.0141% / 1h | 33m 35s | $355K | $51K | 50x |
| Short | BloFin PNUT-USDT | 0.05567 | 0.0092 | get 0.0046% / 4h | 33m 35s | $282K | $25K | 50x |
Coinbase International PNUT-PERP-INTX
BloFin PNUT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$217.6
- Price spread: −0.625% → −0.675%
- $5.02
- Slippage, 4 orders
- −$78.39
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$312.97
- Costs to cover
- 1.004%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 24 min ago; BloFin: live order book, 1 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 Coinbase International live order book, 24 min ago | 12.55 bp | 17.5 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 1 min ago | 4.49 bp | 29.7 bp −$30 | 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 | +0.0034% | 4h | 0.05592 | −0.179% | $1.6M | $6.0M | 20x | as long as short |
| BloFin PNUT-USDTshort | +0.0092% | 4h | 0.05567 | −0.625% | $282K | $25K | 50x | |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05580 | −0.400% | $3K | $18K | 5x | as long as short |
| Binance PNUTUSDT | +0.0100% | 4h | 0.05596 | −0.102% | $5.3M | $10.0M | 50x | as long as short |
| Bybit PNUTUSDT | +0.0100% | 4h | 0.05589 | −0.232% | $2.6M | $1.3M | 50x | as long as short |
| Gate PNUT_USDT | +0.0100% | 4h | 0.05590 | −0.214% | $880K | $1.1M | 50x | as long as short |
| MEXC PNUT_USDT | +0.0100% | 4h | 0.05585 | −0.303% | $1.2M | $408K | 100x | as long as short |
| Bitget PNUTUSDT | +0.0100% | 4h | 0.05588 | −0.250% | $761K | $1.0M | 50x | as long as short |
| BingX PNUT-USDC | +0.0100% | 4h | 0.05582 | −0.357% | — | $6.5M | — | as long as short |
| Variational Omni PNUT | +0.0100% | 4h | 0.05563 | −0.696% | $32 | $2K | — | as long as short |
OKX PNUT-USDT-SWAP
Aster PNUTUSDT
Binance PNUTUSDT
Bybit 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 | 0.05588 | −0.249% | $6K | $142K | 5x | as long as short |
| KuCoin PNUTUSDTM | +0.0208% | 4h | 0.05591 | −0.196% | $1.1M | $119K | 30x | as long as short |
| Deribit PNUT_USDC-PERPETUAL | +0.0468% | 1h | 0.05577 | −0.446% | $4 | — | 10x | as long as short |
| Kraken Futures PF_PNUTUSD | +0.0870% | 1h | 0.05578 | −0.433% | $24K | $14K | 10x | as long as short |
| Coinbase International PNUT-PERP-INTXlong | +0.1128% | 1h | 0.05602 | long leg | $355K | $51K | 50x | |
| Hyperliquid PNUT | +0.1194% | 1h | 0.05598 | −0.071% | $1.6M | $483K | 3x | as long as short |
Extended PNUT-USD
KuCoin PNUTUSDTM
Deribit PNUT_USDC-PERPETUAL
Kraken Futures PF_PNUTUSD
Hyperliquid PNUT