Funding you earn now, next payment 03:00 UTC−0.1024%/8h= −112.1% APRnext payment −$1.28 per $10,000 · paid last 24h −0.328%
Price spread now: Extended against Coinbase International−0.259%7-day average −0.643% · you buy dearer than you sell
Net, funding: paid 7d − costs−$296as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$1311.305% of the position
Funding, last 7 days−1.652%−$165 on $10k
+Price spread, last 4 days (all we have)−0.286%−$29 · spread now −0.259%, 7d avg −0.643%
=Together, before fees−1.938%+ Points / potential airdropExtended: Active · farm board−$194 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.384% dearer against Coinbase International than usual: you sell high and buy low (spread −0.259% now, against its 7-day average of −0.643%): +$38 on $10k if it goes back. Holding the pair costs −$31 a day in funding at the current rate, which eats that in about 30 hours.
| 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 | 29m 53s | $359K | $53K | 50x |
| Short | Extended PNUT-USD | 0.05637 | 0.0104 | get 0.0013% / 1h | 29m 53s | $6K | $142K | 5x |
Coinbase International PNUT-PERP-INTX
Extended PNUT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$215.04
- Price spread: −0.259% → −0.643%
- $38.44
- Slippage, 4 orders
- −$115.52
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$307.12
- Costs to cover
- 1.305%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 28 min ago; Extended: live order book, 26 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, 28 min ago | 12.55 bp | 17.5 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 26 min ago | 3.58 bp | 34.5 bp −$35 | 269.0 bp −$2,690 | 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 | +0.0050% | 4h | 0.05638 | −0.248% | $1.6M | $6.0M | 20x | as long as short |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05633 | −0.338% | $3K | $18K | 5x | as long as short |
| Binance PNUTUSDT | +0.0100% | 4h | 0.05639 | −0.231% | $5.3M | $10.0M | 50x | as long as short |
| Bybit PNUTUSDT | +0.0100% | 4h | 0.05636 | −0.283% | $2.6M | $1.3M | 50x | as long as short |
| Gate PNUT_USDT | +0.0100% | 4h | 0.05647 | −0.088% | $894K | $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 | 0.05627 | −0.442% | $766K | $1.0M | 50x | as long as short |
| BingX PNUT-USDC | +0.0100% | 4h | 0.05640 | −0.212% | — | $6.5M | — | as long as short |
| Variational Omni PNUT | +0.0100% | 4h | 0.05622 | −0.539% | $32 | $2K | — | as long as short |
| Extended PNUT-USDshort | +0.0104% | 1h | 0.05637 | −0.259% | $6K | $142K | 5x |
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin PNUT-USDT | +0.0147% | 4h | 0.05622 | −0.531% | $284K | $25K | 50x | as long as short |
| KuCoin PNUTUSDTM | +0.0264% | 4h | 0.05646 | −0.106% | $1.1M | $119K | 30x | as long as short |
| Deribit PNUT_USDC-PERPETUAL | +0.0816% | 1h | 0.05634 | −0.318% | $4 | — | 10x | as long as short |
| Kraken Futures PF_PNUTUSD | +0.0860% | 1h | 0.05647 | −0.095% | $24K | $14K | 10x | as long as short |
| Coinbase International PNUT-PERP-INTXlong | +0.1128% | 1h | 0.05652 | long leg | $359K | $53K | 50x | |
| Hyperliquid PNUT | +0.1189% | 1h | 0.05654 | +0.035% | $1.6M | $484K | 3x | as long as short |
BloFin PNUT-USDT
KuCoin PNUTUSDTM
Deribit PNUT_USDC-PERPETUAL
Kraken Futures PF_PNUTUSD
Hyperliquid PNUT