Funding you earn now, next payment 05:00 UTC−0.0175%/8h= −19.2% APRpaid last 24h +0.011%
Price spread now: Bitget against Deribit−0.088%48s7-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 −$5 a day on $10k at the current rate, and Bitget is 0.088% cheaper against Deribit than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 48 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 | Deribit PNUT_USDC-PERPETUAL | 0.05714 | 0.0275 | pay 0.0034% / 1h | 33m 26s | $4 | — | 10x |
| Short | Bitget PNUTUSDT | 0.05709 | 0.0100 | get 0.0050% / 4h | 3h 33m | $760K | $1.1M | 50x |
Deribit PNUT_USDC-PERPETUAL
Bitget PNUTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$36.81
- Price spread: −0.088% → 0.000%
- −$8.75
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$64.56
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Bitget: live order book, 3 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 Bitget live order book, 3 min ago | 5.24 bp | 19.9 bp −$20 | 55.6 bp −$556 | 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 | +0.0088% | 4h | 0.05704 | −0.175% | $1.7M | $6.3M | 20x | as long as short |
| BloFin PNUT-USDT | +0.0099% | 4h | 0.05723 | +0.158% | $295K | $27K | 50x | as long as short |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05709 | −0.086% | $3K | $19K | 5x | as long as short |
| Binance PNUTUSDT | +0.0100% | 4h | 0.05712 | −0.032% | $5.5M | $10.6M | 50x | as long as short |
| Bybit PNUTUSDT | +0.0100% | 4h | 0.05703 | −0.193% | $2.6M | $1.4M | 50x | as long as short |
| Gate PNUT_USDT | +0.0100% | 4h | 0.05712 | −0.035% | $912K | $1.2M | 50x | as long as short |
| MEXC PNUT_USDT | +0.0100% | 4h | 0.05711 | −0.053% | $1.2M | $414K | 100x | as long as short |
| Bitget PNUTUSDTshort | +0.0100% | 4h | 0.05709 | −0.088% | $760K | $1.1M | 50x | |
| BingX PNUT-USDC | +0.0100% | 4h | 0.05711 | −0.053% | — | $6.5M | — | as long as short |
| Variational Omni PNUT | +0.0100% | 4h | 0.05727 | +0.236% | $33 | $2K | — | as long as short |
OKX PNUT-USDT-SWAP
BloFin PNUT-USDT
Aster PNUTUSDT
Binance PNUTUSDT
Bybit PNUTUSDT
Gate PNUT_USDT
MEXC PNUT_USDT
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 | 0.05710 | −0.071% | $8K | $137K | 5x | as long as short |
| KuCoin PNUTUSDTM | +0.0204% | 4h | 0.05717 | +0.053% | $1.1M | $111K | 30x | as long as short |
| Deribit PNUT_USDC-PERPETUALlong | +0.0275% | 1h | 0.05714 | long leg | $4 | — | 10x | |
| Hyperliquid PNUT | +0.0838% | 1h | 0.05722 | +0.140% | $1.7M | $502K | 3x | as long as short |
| Kraken Futures PF_PNUTUSD | +0.1167% | 1h | 0.05720 | +0.103% | $24K | $14K | 10x | as long as short |
| Coinbase International PNUT-PERP-INTX | +0.1240% | 1h | 0.05776 | +1.085% | $366K | $42K | 50x | as long as short |
Extended PNUT-USD
KuCoin PNUTUSDTM
Hyperliquid PNUT
Kraken Futures PF_PNUTUSD
Coinbase International PNUT-PERP-INTX