PNUT

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0975%/8h= +106.8% APRnext payment +$1.22 per $10,000 · paid last 24h +0.348%

Price spread now: Coinbase International against Deribit+0.035%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Coinbase International

What this pair did over the last

the charts below follow

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 for this trade now. Funding pays +$29 a day on $10k at the current rate, and Coinbase International is 0.035% dearer against Deribit than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit PNUT_USDC-PERPETUAL	0.05658	0.0280	pay 0.0035% / 1h	15m 48s	$4	—	10x
Short	Coinbase International PNUT-PERP-INTX	0.05660	0.1256	get 0.0157% / 1h	15m 48s	$359K	$53K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 DeribitbpFee Coinbase InternationalbpOrdersPrice spread, now +0.035%Rate

Funding earned: $204.86
Price spread: +0.035% → 0.000%: $3.53
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $191.39
Costs to cover: 0.170%
Break-even: 0.5 days

Slippage unknown: Deribit: no order-book sample; Coinbase International: live order book, 47 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 Coinbase International live order book, 47 min ago	14.12 bp	27.0 bp −$27	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	−0.0032%	4h	0.05640	−0.318%	$1.7M	$5.8M	20x	as long as short
BloFin PNUT-USDT	+0.0077%	4h	0.05666	+0.141%	$220K	$26K	50x	as long as short
Aster PNUTUSDT	+0.0100%	4h	0.05654	−0.071%	$3K	$18K	5x	as long as short
Binance PNUTUSDT	+0.0100%	4h	0.05653	−0.088%	$5.3M	$10.0M	50x	as long as short
Bybit PNUTUSDT	+0.0100%	4h	0.05650	−0.141%	$2.6M	$1.3M	50x	as long as short
Gate PNUT_USDT	+0.0100%	4h	0.05661	+0.053%	$901K	$1.1M	50x	as long as short
MEXC PNUT_USDT	+0.0100%	4h	0.05652	−0.106%	$1.2M	$403K	100x	as long as short
Bitget PNUTUSDT	+0.0100%	4h	0.05646	−0.212%	$766K	$1.1M	50x	as long as short
BingX PNUT-USDT	+0.0100%	4h	0.05652	−0.106%	—	$6.6M	—	as long as short
Variational Omni PNUT	+0.0100%	4h	0.05651	−0.126%	$32	$2K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended PNUT-USD	+0.0104%	1h	0.05652	−0.103%	$6K	$139K	5x	as long as short
KuCoin PNUTUSDTM	+0.0152%	4h	0.05662	+0.071%	$1.1M	$122K	30x	as long as short
Deribit PNUT_USDC-PERPETUALlong	+0.0280%	1h	0.05658	long leg	$4	—	10x
Kraken Futures PF_PNUTUSD	+0.0378%	1h	0.05657	−0.016%	$24K	$14K	10x	as long as short
Hyperliquid PNUT	+0.0780%	1h	0.05663	+0.088%	$1.6M	$480K	3x	as long as short
Coinbase International PNUT-PERP-INTXshort	+0.1256%	1h	0.05660	+0.035%	$359K	$53K	50x