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

PNUT

all PNUT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against Gate−0.134%7-day average −0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$144as in the Funding arb table
Net, price: spread back to 7d avg − costs−$152as in the Price arb table
costs, in and out, $10k−$1431.434% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.008%−$1 on $10k
Price spread, last 4 days (all we have)+0.369%+$37 · spread now −0.134%, 7d avg −0.050%
Together, before fees+0.361%+ Points / potential airdropExtended: Active · farm board+$36 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: Extended is 0.084% cheaper against Gate than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.050%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate PNUT_USDT0.056490.0100pay 0.0050% / 4h2h 43m$903K$1.2M50x
ShortExtended PNUT-USD0.056410.0104get 0.0013% / 1h43m 41s$7K$79K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Gate. 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: −0.134% → −0.050%
−$8.43
Slippage, 4 orders
−$123.4
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$150.99
Costs to cover
1.434%
Break-even
1265.3 days
Slippage from Gate: live order book, 3 min ago; Extended: live order book, 67 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 Gate live order book, 3 min ago3.54 bp45.2 bp −$45doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 67 min ago1.82 bp39.8 bp −$40252.2 bp −$2,522doesn'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+0.0014%4h0.05635−0.248%$1.7M$6.3M20xas long as short
Bybit PNUTUSDT+0.0034%4h0.05636−0.230%$2.6M$1.5M50xas long as short
BloFin PNUT-USDT+0.0074%4h0.05640−0.159%$288K$26K50xas long as short
Aster PNUTUSDT+0.0100%4h0.05647−0.033%$3K$19K5xas long as short
Binance PNUTUSDT+0.0100%4h0.05641−0.141%$5.4M$10.8M50xas long as short
Gate PNUT_USDTlong+0.0100%4h0.05649long leg$903K$1.2M50x
MEXC PNUT_USDT+0.0100%4h0.05642−0.124%$1.1M$431K100xas long as short
Bitget PNUTUSDT+0.0100%4h0.05644−0.089%$784K$1.2M50xas long as short
BingX PNUT-USDC+0.0100%4h0.05646−0.053%$6.5Mas long as short
Variational Omni PNUT+0.0100%4h0.05642−0.133%$32$2Kas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended PNUT-USDshort+0.0104%1h0.05641−0.134%$7K$79K5x
KuCoin PNUTUSDTM+0.0180%4h0.05654+0.089%$1.1M$112K30xas long as short
Deribit PNUT_USDC-PERPETUAL+0.0282%1h0.05647−0.035%$410xas long as short
Hyperliquid PNUT+0.0911%1h0.05652+0.053%$1.6M$509K3xas long as short
Kraken Futures PF_PNUTUSD+0.0938%1h0.05651+0.040%$24K$13K10xas long as short
Coinbase International PNUT-PERP-INTX+0.1472%1h0.05735+1.522%$364K$40K50xas long as short