PNUT

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0098%/8h= +10.7% APRnext payment +$0.49 per $10,000 · paid last 24h +0.021%

Price spread now: KuCoin against Gate+0.137%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$418as in the Funding arb table

Net, price: spread back to 7d avg − costs−$418as in the Price arb table

costs, in and out, $10k−$4274.275% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.099%+$10 on $10k

Price spread, last 7 days−0.167%−$17 · spread now +0.137%, 7d avg +0.042%

Together, before fees−0.068%−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.096% dearer against Gate than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PNUT_USDT	0.05833	0.0100	pay 0.0050% / 4h	3h 39m	$912K	$1.3M	50x
Short	KuCoin PNUTUSDTM	0.05841	0.0198	get 0.0099% / 4h	3h 39m	$1.2M	$137K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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

Position, each leg$Hold fordaysFee GatebpFee KuCoinbpOrdersPrice spread, now +0.137%Rate

Funding earned: $20.58
Price spread: +0.137% → +0.042%: $9.56
Slippage, 4 orders: −$400.48
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$397.34
Costs to cover: 4.275%
Break-even: 142.2 days

Slippage from Gate: live order book, 3 min ago; KuCoin: live order book, 6 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 Gate live order book, 3 min ago	4.28 bp	36.1 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	15.37 bp	185.8 bp −$186	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
Deribit PNUT_USDC-PERPETUAL	0.0000%	1h	0.05828	−0.086%	$4	—	10x	as long as short
BloFin PNUT-USDT	+0.0052%	4h	0.05832	−0.017%	$308K	$28K	50x	as long as short
OKX PNUT-USDT-SWAP	+0.0057%	4h	0.05818	−0.257%	$1.8M	$7.1M	20x	as long as short
Bybit PNUTUSDT	+0.0069%	4h	0.05830	−0.051%	$2.8M	$1.8M	50x	as long as short
Aster PNUTUSDT	+0.0100%	4h	0.05837	+0.071%	$3K	$21K	5x	as long as short
Binance PNUTUSDT	+0.0100%	4h	0.05829	−0.060%	$5.8M	$12.0M	50x	as long as short
Gate PNUT_USDTlong	+0.0100%	4h	0.05833	long leg	$912K	$1.3M	50x
MEXC PNUT_USDT	+0.0100%	4h	0.05838	+0.086%	$1.2M	$462K	100x	as long as short
Bitget PNUTUSDT	+0.0100%	4h	0.05828	−0.086%	$797K	$1.3M	50x	as long as short
BingX PNUT-USDT	+0.0100%	4h	0.05831	−0.034%	—	$6.6M	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PNUT	+0.0100%	4h	0.05825	−0.145%	$33	$2K	—	as long as short
Extended PNUT-USD	+0.0104%	1h	0.05836	+0.056%	$8K	$243K	5x	as long as short
KuCoin PNUTUSDTMshort	+0.0198%	4h	0.05841	+0.137%	$1.2M	$137K	30x
Hyperliquid PNUT	+0.0616%	1h	0.05836	+0.051%	$1.7M	$556K	3x	as long as short
Coinbase International PNUT-PERP-INTX	+0.1592%	1h	0.05888	+0.943%	$374K	$44K	50x	as long as short
Kraken Futures PF_PNUTUSD	+0.1882%	1h	0.05842	+0.153%	$26K	$13K	10x	as long as short