PNUT

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1024%/8h= +112.1% APRnext payment +$1.28 per $10,000 · paid last 24h +0.328%

Price spread now: Coinbase International against Extended+0.374%7-day average +0.643% · you sell dearer than you buy

Net, funding: paid 7d − costs+$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$157as in the Price arb table

costs, in and out, $10k−$1311.305% of the position

Long on Extended Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+1.652%+$165 on $10k

Price spread, last 4 days (all we have)+0.171%+$17 · spread now +0.374%, 7d avg +0.643%

Together, before fees+1.823%+ Points / potential airdropExtended: Active · farm board+$182 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.269% cheaper against Extended than usual: you would sell low and buy high (spread +0.374% now, against its 7-day average of +0.643%). If the spread goes back, that is −$27 on $10k: about 21 hours of funding at the current rate (+$31 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended PNUT-USD	0.05631	0.0104	pay 0.0013% / 1h	29m 37s	$6K	$142K	5x
Short	Coinbase International PNUT-PERP-INTX	0.05652	0.1128	get 0.0141% / 1h	29m 37s	$359K	$53K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpFee Coinbase InternationalbpOrdersPrice spread, now +0.374%Rate

Funding earned: $215.04
Price spread: +0.374% → +0.643%: −$26.94
Slippage, 4 orders: −$115.52
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $57.58
Costs to cover: 1.305%
Break-even: 5.1 days

Slippage from Extended: live order book, 26 min ago; Coinbase International: live order book, 28 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, 26 min ago	3.58 bp	49.6 bp −$50	266.9 bp −$2,669	doesn't fit	doesn't fit
Sell Coinbase International live order book, 28 min ago	12.55 bp	28.8 bp −$29	doesn't fit	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	+0.0050%	4h	0.05626	−0.088%	$1.6M	$6.0M	20x	as long as short
Aster PNUTUSDT	+0.0100%	4h	0.05638	+0.133%	$3K	$18K	5x	as long as short
Binance PNUTUSDT	+0.0100%	4h	0.05633	+0.036%	$5.3M	$10.0M	50x	as long as short
Bybit PNUTUSDT	+0.0100%	4h	0.05632	+0.018%	$2.6M	$1.3M	50x	as long as short
Gate PNUT_USDT	+0.0100%	4h	0.05635	+0.072%	$892K	$1.1M	50x	as long as short
MEXC PNUT_USDT	+0.0100%	4h	0.05636	+0.089%	$1.2M	$408K	100x	as long as short
Bitget PNUTUSDT	+0.0100%	4h	0.05625	−0.106%	$766K	$1.0M	50x	as long as short
BingX PNUT-USDT	+0.0100%	4h	0.05632	+0.018%	—	$6.6M	—	as long as short
Variational Omni PNUT	+0.0100%	4h	0.05622	−0.168%	$32	$2K	—	as long as short
Extended PNUT-USDlong	+0.0104%	1h	0.05631	long leg	$6K	$142K	5x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin PNUT-USDT	+0.0147%	4h	0.05622	−0.159%	$284K	$25K	50x	as long as short
KuCoin PNUTUSDTM	+0.0260%	4h	0.05642	+0.196%	$1.1M	$119K	30x	as long as short
Deribit PNUT_USDC-PERPETUAL	+0.0816%	1h	0.05634	+0.054%	$4	—	10x	as long as short
Kraken Futures PF_PNUTUSD	+0.0860%	1h	0.05647	+0.278%	$24K	$14K	10x	as long as short
Coinbase International PNUT-PERP-INTXshort	+0.1128%	1h	0.05652	+0.374%	$359K	$53K	50x
Hyperliquid PNUT	+0.1186%	1h	0.05649	+0.320%	$1.6M	$484K	3x	as long as short