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

PNUT

all PNUT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Bitget against Extended+0.064%7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as 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)−0.950%−$95 · spread now +0.064%, 7d avg −0.005%
Together, before fees−0.932%+ Points / potential airdropExtended: Active · farm board−$93 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: Bitget is 0.068% dearer against Extended than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.005%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended PNUT-USD0.056630.0104pay 0.0013% / 1h19m 53s$6K$139K5x
ShortBitget PNUTUSDT0.056670.0100get 0.0050% / 4h1h 19m$769K$1.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: +0.064% → −0.005%
$6.85
Slippage, 4 orders
−$101.01
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$112.01
Costs to cover
1.180%
Break-even
never at this rate
Slippage from Extended: live order book, 41 min ago; Bitget: live order book, 1 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, 41 min ago2.92 bp45.9 bp −$46264.1 bp −$2,641doesn't fitdoesn't fit
Sell Bitget live order book, 1 min ago6.18 bp20.6 bp −$2143.9 bp −$439doesn't fitdoesn't fit

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−0.0024%4h0.05658−0.095%$1.7M$5.8M20xas long as short
BloFin PNUT-USDT+0.0083%4h0.05651−0.219%$286K$26K50xas long as short
Aster PNUTUSDT+0.0100%4h0.05662−0.022%$3K$18K5xas long as short
Binance PNUTUSDT+0.0100%4h0.05668+0.075%$5.3M$10.0M50xas long as short
Bybit PNUTUSDT+0.0100%4h0.05663−0.007%$2.6M$1.3M50xas long as short
Gate PNUT_USDT+0.0100%4h0.05665+0.029%$902K$1.1M50xas long as short
MEXC PNUT_USDT+0.0100%4h0.05669+0.099%$1.2M$402K100xas long as short
Bitget PNUTUSDTshort+0.0100%4h0.05667+0.064%$769K$1.1M50x
BingX PNUT-USDC+0.0100%4h0.05664+0.011%$6.5Mas long as short
Variational Omni PNUT+0.0100%4h0.05662−0.016%$32$3Kas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended PNUT-USDlong+0.0104%1h0.05663long leg$6K$139K5x
KuCoin PNUTUSDTM+0.0132%4h0.05671+0.134%$1.1M$122K30xas long as short
Deribit PNUT_USDC-PERPETUAL+0.0280%1h0.05667+0.064%$410xas long as short
Kraken Futures PF_PNUTUSD+0.0377%1h0.05673+0.162%$24K$14K10xas long as short
Hyperliquid PNUT+0.0778%1h0.05677+0.240%$1.6M$480K3xas long as short
Coinbase International PNUT-PERP-INTX+0.1256%1h0.05660−0.060%$359K$53K50xas long as short