Settings8H · net · $10k
Funding arb · Price arb /

PNUT

all PNUT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: BingX against Extended−0.132%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$132as in the Price arb table
costs, in and out, $10k−$1181.180% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.019%+$2 on $10k
Price spread, last 4 days (all we have)−0.773%−$77 · spread now −0.132%, 7d avg +0.005%
Together, before fees−0.755%+ Points / potential airdropExtended: Active · farm board−$75 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.137% cheaper against Extended than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.005%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended PNUT-USD0.056280.0104pay 0.0013% / 1h30m 28s$6K$142K5x
ShortBingX PNUT-USDT0.056210.0100get 0.0050% / 4h30m 28s$6.6M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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

Funding earned
−$0.84
Price spread: −0.132% → +0.005%
−$13.67
Slippage, 4 orders
−$103.04
Fee Extended: 2.5 bp × 2 orders
−$5
Fee BingX: 5 bp × 2 orders
−$10
Net
−$132.55
Costs to cover
1.180%
Break-even
never at this rate
Slippage from Extended: live order book, 25 min ago; BingX: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 25 min ago3.58 bp49.6 bp −$50266.9 bp −$2,669doesn't fitdoesn't fit
Sell BingX live order book, 6 min ago3.59 bp17.5 bp −$1846.4 bp −$464509.3 bp −$50.9K948.6 bp −$474.3K

PNUT on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX PNUT-USDT-SWAP+0.0050%4h0.05619−0.168%$1.6M$6.0M20xas long as short
Aster PNUTUSDT+0.0100%4h0.05633+0.075%$3K$18K5xas long as short
Binance PNUTUSDT+0.0100%4h0.05628−0.004%$5.3M$10.0M50xas long as short
Bybit PNUTUSDT+0.0100%4h0.05627−0.026%$2.6M$1.3M50xas long as short
Gate PNUT_USDT+0.0100%4h0.05639+0.188%$893K$1.1M50xas long as short
MEXC PNUT_USDT+0.0100%4h0.05629+0.010%$1.2M$408K100xas long as short
Bitget PNUTUSDT+0.0100%4h0.05620−0.150%$765K$1.0M50xas long as short
BingX PNUT-USDTshort+0.0100%4h0.05621−0.132%$6.6M
Variational Omni PNUT+0.0100%4h0.05622−0.123%$32$2Kas long as short
Extended PNUT-USDlong+0.0104%1h0.05628long leg$6K$142K5x
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin PNUT-USDT+0.0147%4h0.05622−0.114%$284K$25K50xas long as short
KuCoin PNUTUSDTM+0.0264%4h0.05636+0.134%$1.1M$119K30xas long as short
Deribit PNUT_USDC-PERPETUAL+0.0817%1h0.05629+0.010%$410xas long as short
Kraken Futures PF_PNUTUSD+0.0862%1h0.05632+0.058%$24K$14K10xas long as short
Coinbase International PNUT-PERP-INTX+0.1128%1h0.05637+0.152%$358K$53K50xas long as short
Hyperliquid PNUT+0.1183%1h0.05639+0.188%$1.6M$484K3xas long as short