PNUT

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0878%/8h= −96.2% APRnext payment −$1.10 per $10,000 · paid last 24h +0.075%

Price spread now: Kraken Futures against Coinbase International+0.065%7-day average — · you sell dearer than you buy

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

Long on Coinbase International Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. Kraken Futures is 0.065% dearer against Coinbase International than usual: you sell high and buy low (spread +0.065% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 6 hours.

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	14m 28s	$359K	$53K	50x
Short	Kraken Futures PF_PNUTUSD	0.05664	0.0378	get 0.0047% / 1h	14m 28s	$24K	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.065%Rate

Funding earned: −$184.45
Price spread: +0.065% → 0.000%: $6.48
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$197.97
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 49 min ago; Kraken Futures: 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, 49 min ago	14.12 bp	19.1 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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	−0.0032%	4h	0.05636	−0.424%	$1.7M	$5.8M	20x	as long as short
Aster PNUTUSDT	+0.0100%	4h	0.05644	−0.286%	$3K	$18K	5x	as long as short
Binance PNUTUSDT	+0.0100%	4h	0.05644	−0.283%	$5.3M	$10.0M	50x	as long as short
Bybit PNUTUSDT	+0.0100%	4h	0.05640	−0.353%	$2.6M	$1.3M	50x	as long as short
Gate PNUT_USDT	+0.0100%	4h	0.05647	−0.230%	$898K	$1.1M	50x	as long as short
MEXC PNUT_USDT	+0.0100%	4h	0.05642	−0.318%	$1.2M	$403K	100x	as long as short
Bitget PNUTUSDT	+0.0100%	4h	0.05644	−0.283%	$766K	$1.1M	50x	as long as short
BingX PNUT-USDT	+0.0100%	4h	0.05646	−0.247%	—	$6.6M	—	as long as short
Variational Omni PNUT	+0.0100%	4h	0.05651	−0.161%	$32	$2K	—	as long as short
Extended PNUT-USD	+0.0104%	1h	0.05641	−0.328%	$6K	$139K	5x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit PNUT_USDC-PERPETUAL	+0.0104%	1h	0.05646	−0.247%	$4	—	10x	as long as short
KuCoin PNUTUSDTM	+0.0146%	4h	0.05655	−0.088%	$1.1M	$122K	30x	as long as short
BloFin PNUT-USDT	+0.0157%	4h	0.05652	−0.141%	$220K	$26K	50x	as long as short
Kraken Futures PF_PNUTUSDshort	+0.0378%	1h	0.05664	+0.065%	$24K	$14K	10x
Hyperliquid PNUT	+0.0784%	1h	0.05653	−0.124%	$1.6M	$480K	3x	as long as short
Coinbase International PNUT-PERP-INTXlong	+0.1256%	1h	0.05660	long leg	$359K	$53K	50x