Funding you earn now, next payment 06:00 UTC−0.0090%/8h= −9.9% APRpaid last 24h −0.001%
Price spread now: Bybit against Extended−0.118%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$150as in the Funding arb table
Net, price: spread back to 7d avg − costs−$161as in the Price arb table
costs, in and out, $10k−$1491.489% of the position
Funding, last 7 days−0.006%−$1 on $10k
+Price spread, last 4 days (all we have)+0.213%+$21 · spread now −0.118%, 7d avg −0.001%
=Together, before fees+0.207%+ Points / potential airdropExtended: Active · farm board+$21 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.116% cheaper against Extended than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.001%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended PNUT-USD | 0.05612 | 0.0104 | pay 0.0013% / 1h | 39m 27s | $7K | $79K | 5x |
| Short | Bybit PNUTUSDT | 0.05605 | 0.0014 | get 0.0007% / 4h | 2h 39m | $2.6M | $1.5M | 50x |
Extended PNUT-USD
Bybit PNUTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Extended. 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
- −$18.95
- Price spread: −0.118% → −0.001%
- −$11.6
- Slippage, 4 orders
- −$132.95
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$179.5
- Costs to cover
- 1.489%
- Break-even
- never at this rate
Slippage from Extended: live order book, 71 min ago; Bybit: live order book, 3 min ago.
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 Extended live order book, 71 min ago | 1.82 bp | 36.3 bp −$36 | 222.9 bp −$2,229 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 3.55 bp | 37.8 bp −$38 | 319.2 bp −$3,192 | doesn't fit | doesn't fit |
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 | −0.0041% | 4h | 0.05603 | −0.153% | $1.6M | $6.3M | 20x | as long as short |
| BloFin PNUT-USDT | −0.0026% | 4h | 0.05621 | +0.168% | $289K | $26K | 50x | as long as short |
| Bybit PNUTUSDTshort | +0.0014% | 4h | 0.05605 | −0.118% | $2.6M | $1.5M | 50x | |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05611 | −0.006% | $3K | $19K | 5x | as long as short |
| Binance PNUTUSDT | +0.0100% | 4h | 0.05612 | 0.000% | $5.4M | $10.8M | 50x | as long as short |
| Gate PNUT_USDT | +0.0100% | 4h | 0.05613 | +0.025% | $898K | $1.2M | 50x | as long as short |
| MEXC PNUT_USDT | +0.0100% | 4h | 0.05611 | −0.011% | $1.1M | $433K | 100x | as long as short |
| Bitget PNUTUSDT | +0.0100% | 4h | 0.05611 | −0.011% | $780K | $1.2M | 50x | as long as short |
| BingX PNUT-USDC | +0.0100% | 4h | 0.05609 | −0.046% | — | $6.5M | — | as long as short |
| Variational Omni PNUT | +0.0100% | 4h | 0.05617 | +0.099% | $32 | $2K | — | as long as short |
OKX PNUT-USDT-SWAP
BloFin PNUT-USDT
Aster PNUTUSDT
Binance 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-USDlong | +0.0104% | 1h | 0.05612 | long leg | $7K | $79K | 5x | |
| KuCoin PNUTUSDTM | +0.0176% | 4h | 0.05623 | +0.203% | $1.1M | $112K | 30x | as long as short |
| Deribit PNUT_USDC-PERPETUAL | +0.0284% | 1h | 0.05619 | +0.132% | $4 | — | 10x | as long as short |
| Hyperliquid PNUT | +0.0887% | 1h | 0.05625 | +0.239% | $1.6M | $509K | 3x | as long as short |
| Kraken Futures PF_PNUTUSD | +0.0941% | 1h | 0.05634 | +0.399% | $24K | $13K | 10x | as long as short |
| Coinbase International PNUT-PERP-INTX | +0.1472% | 1h | 0.05735 | +2.199% | $364K | $40K | 50x | as long as short |
KuCoin PNUTUSDTM
Deribit PNUT_USDC-PERPETUAL
Hyperliquid PNUT
Kraken Futures PF_PNUTUSD
Coinbase International PNUT-PERP-INTX