PNUT

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0490%/8h= −53.6% APRnext payment −$0.61 per $10,000 · paid last 24h −0.344%

Price spread now: Deribit against Coinbase International−0.301%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 Deribit

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—needs both histories

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Deribit is 0.301% cheaper against Coinbase International than usual: you would sell low and buy high (−$30 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	0.05652	0.1128	pay 0.0141% / 1h	28m 32s	$359K	$53K	50x
Short	Deribit PNUT_USDC-PERPETUAL	0.05635	0.0638	get 0.0080% / 1h	28m 32s	$4	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 DeribitbpOrdersPrice spread, now −0.301%Rate

Funding earned: −$102.88
Price spread: −0.301% → 0.000%: −$30.08
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$149.96
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 29 min ago; Deribit: 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, 29 min ago	12.55 bp	17.5 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	+0.0054%	4h	0.05623	−0.513%	$1.6M	$6.0M	20x	as long as short
Aster PNUTUSDT	+0.0100%	4h	0.05630	−0.396%	$3K	$18K	5x	as long as short
Binance PNUTUSDT	+0.0100%	4h	0.05631	−0.365%	$5.3M	$10.0M	50x	as long as short
Bybit PNUTUSDT	+0.0100%	4h	0.05628	−0.425%	$2.6M	$1.3M	50x	as long as short
Gate PNUT_USDT	+0.0100%	4h	0.05634	−0.318%	$892K	$1.1M	50x	as long as short
MEXC PNUT_USDT	+0.0100%	4h	0.05637	−0.265%	$1.2M	$408K	100x	as long as short
Bitget PNUTUSDT	+0.0100%	4h	0.05625	−0.478%	$766K	$1.0M	50x	as long as short
BingX PNUT-USDT	+0.0100%	4h	0.05633	−0.336%	—	$6.6M	—	as long as short
Variational Omni PNUT	+0.0100%	4h	0.05622	−0.539%	$32	$2K	—	as long as short
Extended PNUT-USD	+0.0104%	1h	0.05630	−0.394%	$6K	$142K	5x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin PNUT-USDT	+0.0112%	4h	0.05622	−0.531%	$281K	$25K	50x	as long as short
KuCoin PNUTUSDTM	+0.0254%	4h	0.05635	−0.301%	$1.1M	$119K	30x	as long as short
Deribit PNUT_USDC-PERPETUALshort	+0.0638%	1h	0.05635	−0.301%	$4	—	10x
Kraken Futures PF_PNUTUSD	+0.0860%	1h	0.05640	−0.210%	$24K	$14K	10x	as long as short
Coinbase International PNUT-PERP-INTXlong	+0.1128%	1h	0.05652	long leg	$359K	$53K	50x
Hyperliquid PNUT	+0.1175%	1h	0.05636	−0.283%	$1.6M	$484K	3x	as long as short