Funding you earn now, next payment 04:00 UTC−0.0376%/8h= −41.2% APRpaid last 24h +0.018%
Price spread now: BloFin against Deribit−0.179%57s7-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 −$11 a day on $10k at the current rate, and BloFin is 0.179% cheaper against Deribit than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 57 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 | 0.05577 | 0.0468 | pay 0.0058% / 1h | 33m 32s | $4 | — | 10x |
| Short | BloFin PNUT-USDT | 0.05567 | 0.0092 | get 0.0046% / 4h | 33m 32s | $282K | $25K | 50x |
Deribit PNUT_USDC-PERPETUAL
BloFin PNUT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$78.95
- Price spread: −0.179% → 0.000%
- −$17.93
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$115.88
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; BloFin: live order book, 1 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 BloFin live order book, 1 min ago | 4.49 bp | 29.7 bp −$30 | doesn't fit | 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 | +0.0034% | 4h | 0.05592 | +0.269% | $1.6M | $6.0M | 20x | as long as short |
| BloFin PNUT-USDTshort | +0.0092% | 4h | 0.05567 | −0.179% | $282K | $25K | 50x | |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05580 | +0.047% | $3K | $18K | 5x | as long as short |
| Binance PNUTUSDT | +0.0100% | 4h | 0.05596 | +0.346% | $5.3M | $10.0M | 50x | as long as short |
| Bybit PNUTUSDT | +0.0100% | 4h | 0.05589 | +0.215% | $2.6M | $1.3M | 50x | as long as short |
| Gate PNUT_USDT | +0.0100% | 4h | 0.05590 | +0.233% | $880K | $1.1M | 50x | as long as short |
| MEXC PNUT_USDT | +0.0100% | 4h | 0.05585 | +0.143% | $1.2M | $408K | 100x | as long as short |
| Bitget PNUTUSDT | +0.0100% | 4h | 0.05588 | +0.197% | $761K | $1.0M | 50x | as long as short |
| BingX PNUT-USDC | +0.0100% | 4h | 0.05582 | +0.090% | — | $6.5M | — | as long as short |
| Variational Omni PNUT | +0.0100% | 4h | 0.05563 | −0.251% | $32 | $2K | — | as long as short |
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 | |
|---|---|---|---|---|---|---|---|---|
| Extended PNUT-USD | +0.0104% | 1h | 0.05588 | +0.198% | $6K | $142K | 5x | as long as short |
| KuCoin PNUTUSDTM | +0.0208% | 4h | 0.05591 | +0.251% | $1.1M | $119K | 30x | as long as short |
| Deribit PNUT_USDC-PERPETUALlong | +0.0468% | 1h | 0.05577 | long leg | $4 | — | 10x | |
| Kraken Futures PF_PNUTUSD | +0.0870% | 1h | 0.05578 | +0.014% | $24K | $14K | 10x | as long as short |
| Coinbase International PNUT-PERP-INTX | +0.1128% | 1h | 0.05602 | +0.448% | $355K | $51K | 50x | as long as short |
| Hyperliquid PNUT | +0.1194% | 1h | 0.05598 | +0.377% | $1.6M | $483K | 3x | as long as short |
Extended PNUT-USD
KuCoin PNUTUSDTM
Kraken Futures PF_PNUTUSD
Coinbase International PNUT-PERP-INTX
Hyperliquid PNUT