Funding you earn now, next payment 04:00 UTC−0.0716%/8h= −78.4% APRpaid last 24h +0.015%
Price spread now: Binance against Deribit−0.068%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 −$21 a day on $10k at the current rate, and Binance is 0.068% cheaper against Deribit than usual: you would sell low and buy high (−$7 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 | Deribit PNUT_USDC-PERPETUAL | 0.05634 | 0.0816 | pay 0.0102% / 1h | 30m 18s | $4 | — | 10x |
| Short | Binance PNUTUSDT | 0.05630 | 0.0100 | get 0.0050% / 4h | 30m 18s | $5.3M | $10.0M | 50x |
Deribit PNUT_USDC-PERPETUAL
Binance PNUTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Deribit. 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
- −$150.38
- Price spread: −0.068% → 0.000%
- −$6.77
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$174.16
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Binance: live order book, 9 min ago. 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 9 min ago | 0.90 bp | 16.6 bp −$17 | 47.6 bp −$476 | doesn't fit | doesn't fit |
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 | +0.0050% | 4h | 0.05627 | −0.124% | $1.6M | $6.0M | 20x | as long as short |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05632 | −0.029% | $3K | $18K | 5x | as long as short |
| Binance PNUTUSDTshort | +0.0100% | 4h | 0.05630 | −0.068% | $5.3M | $10.0M | 50x | |
| Bybit PNUTUSDT | +0.0100% | 4h | 0.05627 | −0.124% | $2.6M | $1.3M | 50x | as long as short |
| Gate PNUT_USDT | +0.0100% | 4h | 0.05631 | −0.053% | $892K | $1.1M | 50x | as long as short |
| MEXC PNUT_USDT | +0.0100% | 4h | 0.05628 | −0.106% | $1.2M | $408K | 100x | as long as short |
| Bitget PNUTUSDT | +0.0100% | 4h | 0.05620 | −0.248% | $765K | $1.0M | 50x | as long as short |
| BingX PNUT-USDC | +0.0100% | 4h | 0.05631 | −0.053% | — | $6.5M | — | as long as short |
| Variational Omni PNUT | +0.0100% | 4h | 0.05622 | −0.222% | $32 | $2K | — | as long as short |
| Extended PNUT-USD | +0.0104% | 1h | 0.05629 | −0.096% | $6K | $142K | 5x | as long as short |
OKX PNUT-USDT-SWAP
Aster PNUTUSDT
Bybit PNUTUSDT
Gate PNUT_USDT
MEXC PNUT_USDT
Bitget PNUTUSDT
BingX PNUT-USDC
Variational Omni PNUT
Extended PNUT-USDShow 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 | −0.213% | $284K | $25K | 50x | as long as short |
| KuCoin PNUTUSDTM | +0.0264% | 4h | 0.05637 | +0.053% | $1.1M | $119K | 30x | as long as short |
| Deribit PNUT_USDC-PERPETUALlong | +0.0816% | 1h | 0.05634 | long leg | $4 | — | 10x | |
| Kraken Futures PF_PNUTUSD | +0.0860% | 1h | 0.05647 | +0.224% | $24K | $14K | 10x | as long as short |
| Coinbase International PNUT-PERP-INTX | +0.1128% | 1h | 0.05652 | +0.319% | $359K | $53K | 50x | as long as short |
| Hyperliquid PNUT | +0.1183% | 1h | 0.05639 | +0.089% | $1.6M | $484K | 3x | as long as short |
BloFin PNUT-USDT
KuCoin PNUTUSDTM
Kraken Futures PF_PNUTUSD
Coinbase International PNUT-PERP-INTX
Hyperliquid PNUT