Funding you earn now, next payment 08:00 UTC−0.0140%/8h= −15.3% APRnext payment −$0.70 per $10,000 · paid last 24h −0.006%
Price spread now: OKX against Gate−0.213%7-day average −0.064% · you buy dearer than you sell
Net, funding: paid 7d − costs−$118as in the Funding arb table
Net, price: spread back to 7d avg − costs−$128as in the Price arb table
costs, in and out, $10k−$1131.128% of the position
Funding, last 7 days−0.056%−$6 on $10k
+Price spread, last 7 days+0.150%+$15 · spread now −0.213%, 7d avg −0.064%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and OKX is 0.149% cheaper against Gate than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.064%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PNUT_USDT | 0.05629 | 0.0100 | pay 0.0050% / 4h | 2h 41m | $900K | $1.2M | 50x |
| Short | OKX PNUT-USDT-SWAP | 0.05617 | −0.0040 | pay 0.0020% / 4h | 2h 41m | $1.6M | $6.3M | 20x |
Gate PNUT_USDT
OKX PNUT-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Gate. 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
- −$29.35
- Price spread: −0.213% → −0.064%
- −$14.9
- Slippage, 4 orders
- −$87.75
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$157
- Costs to cover
- 1.128%
- Break-even
- never at this rate
Slippage from Gate: live order book, 1 min ago; OKX: live order book, 2 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, 1 min ago | 7.10 bp | 45.0 bp −$45 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 2.67 bp | 16.1 bp −$16 | 87.7 bp −$877 | 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-SWAPshort | −0.0040% | 4h | 0.05617 | −0.213% | $1.6M | $6.3M | 20x | |
| BloFin PNUT-USDT | −0.0026% | 4h | 0.05621 | −0.142% | $289K | $26K | 50x | as long as short |
| Bybit PNUTUSDT | −0.0016% | 4h | 0.05618 | −0.195% | $2.6M | $1.5M | 50x | as long as short |
| Deribit PNUT_USDC-PERPETUAL | 0.0000% | 1h | 0.05626 | −0.053% | $4 | — | 10x | as long as short |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05626 | −0.052% | $3K | $19K | 5x | as long as short |
| Binance PNUTUSDT | +0.0100% | 4h | 0.05617 | −0.213% | $5.4M | $10.8M | 50x | as long as short |
| Gate PNUT_USDTlong | +0.0100% | 4h | 0.05629 | long leg | $900K | $1.2M | 50x | |
| MEXC PNUT_USDT | +0.0100% | 4h | 0.05630 | +0.018% | $1.1M | $431K | 100x | as long as short |
| Bitget PNUTUSDT | +0.0100% | 4h | 0.05624 | −0.089% | $781K | $1.2M | 50x | as long as short |
| BingX PNUT-USDC | +0.0100% | 4h | 0.05626 | −0.053% | — | $6.5M | — | as long as short |
BloFin PNUT-USDT
Bybit PNUTUSDT
Deribit PNUT_USDC-PERPETUAL
Aster PNUTUSDT
Binance PNUTUSDT
MEXC PNUT_USDT
Bitget PNUTUSDT
BingX PNUT-USDCShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni PNUT | +0.0100% | 4h | 0.05642 | +0.222% | $32 | $2K | — | as long as short |
| Extended PNUT-USD | +0.0104% | 1h | 0.05626 | −0.060% | $7K | $79K | 5x | as long as short |
| KuCoin PNUTUSDTM | +0.0182% | 4h | 0.05640 | +0.195% | $1.1M | $112K | 30x | as long as short |
| Hyperliquid PNUT | +0.0906% | 1h | 0.05642 | +0.231% | $1.6M | $509K | 3x | as long as short |
| Kraken Futures PF_PNUTUSD | +0.0942% | 1h | 0.05628 | −0.026% | $24K | $13K | 10x | as long as short |
| Coinbase International PNUT-PERP-INTX | +0.1472% | 1h | 0.05735 | +1.883% | $364K | $40K | 50x | as long as short |
Variational Omni PNUT
Extended PNUT-USD
KuCoin PNUTUSDTM
Hyperliquid PNUT
Kraken Futures PF_PNUTUSD
Coinbase International PNUT-PERP-INTX