Funding you earn now, next payment 06:00 UTC−0.0488%/8h= −53.5% APRpaid last 24h +0.008%
Price spread now: Bybit against Deribit−0.213%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 −$15 a day on $10k at the current rate, and Bybit is 0.213% cheaper against Deribit than usual: you would sell low and buy high (−$21 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 | 0.05638 | 0.0460 | pay 0.0057% / 1h | 43m 02s | $4 | — | 10x |
| Short | Bybit PNUTUSDT | 0.05626 | −0.0028 | pay 0.0014% / 4h | 2h 43m | $2.6M | $1.5M | 50x |
Deribit PNUT_USDC-PERPETUAL
Bybit PNUTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$102.55
- Price spread: −0.213% → 0.000%
- −$21.28
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$141.84
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Bybit: live order book, 4 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 Bybit live order book, 4 min ago | 3.54 bp | 34.5 bp −$34 | 331.5 bp −$3,315 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin PNUT-USDT | −0.0062% | 4h | 0.05628 | −0.177% | $288K | $26K | 50x | as long as short |
| Bybit PNUTUSDTshort | −0.0028% | 4h | 0.05626 | −0.213% | $2.6M | $1.5M | 50x | |
| OKX PNUT-USDT-SWAP | −0.0009% | 4h | 0.05628 | −0.177% | $1.7M | $6.3M | 20x | as long as short |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05633 | −0.086% | $3K | $19K | 5x | as long as short |
| Binance PNUTUSDT | +0.0100% | 4h | 0.05635 | −0.050% | $5.4M | $10.8M | 50x | as long as short |
| Gate PNUT_USDT | +0.0100% | 4h | 0.05635 | −0.053% | $901K | $1.2M | 50x | as long as short |
| MEXC PNUT_USDT | +0.0100% | 4h | 0.05632 | −0.106% | $1.1M | $431K | 100x | as long as short |
| Bitget PNUTUSDT | +0.0100% | 4h | 0.05637 | −0.018% | $783K | $1.2M | 50x | as long as short |
| BingX PNUT-USDT | +0.0100% | 4h | 0.05630 | −0.142% | — | $6.6M | — | as long as short |
| Variational Omni PNUT | +0.0100% | 4h | 0.05642 | +0.062% | $32 | $2K | — | as long as short |
BloFin PNUT-USDT
OKX PNUT-USDT-SWAP
Aster PNUTUSDT
Binance PNUTUSDT
Gate PNUT_USDT
MEXC PNUT_USDT
Bitget PNUTUSDT
BingX PNUT-USDT
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 | 0.05635 | −0.046% | $7K | $79K | 5x | as long as short |
| KuCoin PNUTUSDTM | +0.0180% | 4h | 0.05638 | 0.000% | $1.1M | $112K | 30x | as long as short |
| Deribit PNUT_USDC-PERPETUALlong | +0.0460% | 1h | 0.05638 | long leg | $4 | — | 10x | |
| Hyperliquid PNUT | +0.0908% | 1h | 0.05647 | +0.160% | $1.6M | $509K | 3x | as long as short |
| Kraken Futures PF_PNUTUSD | +0.0939% | 1h | 0.05641 | +0.048% | $24K | $13K | 10x | as long as short |
| Coinbase International PNUT-PERP-INTX | +0.1472% | 1h | 0.05735 | +1.720% | $364K | $40K | 50x | as long as short |
Extended PNUT-USD
KuCoin PNUTUSDTM
Hyperliquid PNUT
Kraken Futures PF_PNUTUSD
Coinbase International PNUT-PERP-INTX