Funding you earn now, next payment 03:00 UTC+0.0378%/8h= +41.4% APRnext payment +$0.47 per $10,000 · paid last 24h +0.422%
Price spread now: Kraken Futures against Deribit+0.373%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 +$11 a day on $10k at the current rate, and Kraken Futures is 0.373% dearer against Deribit than usual: you sell high and buy low: +$37 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 | 0.05640 | 0 | get 0.0000% / 1h | 13m 12s | $4 | — | 10x |
| Short | Kraken Futures PF_PNUTUSD | 0.05661 | 0.0378 | get 0.0047% / 1h | 13m 12s | $24K | $14K | 10x |
Deribit PNUT_USDC-PERPETUAL
Kraken Futures PF_PNUTUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $79.34
- Price spread: +0.373% → 0.000%
- $37.29
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $99.63
- Costs to cover
- 0.170%
- Break-even
- from the start
Slippage unknown: Deribit: no order-book sample; Kraken Futures: no order-book sample. 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 Kraken Futures no order-book sample | — | — | — | — | — |
Deribit and Kraken Futures: 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 | −0.0033% | 4h | 0.05630 | −0.177% | $1.7M | $5.8M | 20x | as long as short |
| Deribit PNUT_USDC-PERPETUALlong | 0.0000% | 1h | 0.05640 | long leg | $4 | — | 10x | |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05649 | +0.159% | $3K | $18K | 5x | as long as short |
| Binance PNUTUSDT | +0.0100% | 4h | 0.05643 | +0.054% | $5.3M | $10.0M | 50x | as long as short |
| Bybit PNUTUSDT | +0.0100% | 4h | 0.05639 | −0.018% | $2.6M | $1.3M | 50x | as long as short |
| Gate PNUT_USDT | +0.0100% | 4h | 0.05648 | +0.142% | $900K | $1.1M | 50x | as long as short |
| MEXC PNUT_USDT | +0.0100% | 4h | 0.05643 | +0.053% | $1.2M | $403K | 100x | as long as short |
| Bitget PNUTUSDT | +0.0100% | 4h | 0.05646 | +0.106% | $766K | $1.1M | 50x | as long as short |
| BingX PNUT-USDC | +0.0100% | 4h | 0.05641 | +0.018% | — | $6.5M | — | as long as short |
| Variational Omni PNUT | +0.0100% | 4h | 0.05651 | +0.193% | $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 | 0.05644 | +0.064% | $6K | $144K | 5x | as long as short |
| BloFin PNUT-USDT | +0.0127% | 4h | 0.05643 | +0.053% | $221K | $26K | 50x | as long as short |
| KuCoin PNUTUSDTM | +0.0150% | 4h | 0.05652 | +0.213% | $1.1M | $122K | 30x | as long as short |
| Kraken Futures PF_PNUTUSDshort | +0.0378% | 1h | 0.05661 | +0.373% | $24K | $14K | 10x | |
| Hyperliquid PNUT | +0.0785% | 1h | 0.05660 | +0.355% | $1.6M | $480K | 3x | as long as short |
| Coinbase International PNUT-PERP-INTX | +0.1256% | 1h | 0.05667 | +0.479% | $360K | $53K | 50x | as long as short |
Extended PNUT-USD
BloFin PNUT-USDT
KuCoin PNUTUSDTM
Hyperliquid PNUT
Coinbase International PNUT-PERP-INTX