Funding you earn now, next payment 09:00 UTC−0.1779%/8h= −194.8% APRpaid last 24h −0.445%
Price spread now: Bitget against Kraken Futures−0.344%48s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$53 a day on $10k at the current rate, and Bitget is 0.344% cheaper against Kraken Futures than usual: you would sell low and buy high (−$34 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_PNUTUSD | 0.05852 | 0.1879 | pay 0.0235% / 1h | 39m 31s | $26K | $13K | 10x |
| Short | Bitget PNUTUSDT | 0.05832 | 0.0100 | get 0.0050% / 4h | 3h 39m | $797K | $1.3M | 50x |
Kraken Futures PF_PNUTUSD
Bitget PNUTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Kraken Futures. 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
- −$373.54
- Price spread: −0.344% → 0.000%
- −$34.4
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$429.94
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Bitget: live order book, 2 min ago. Net counts fees only.
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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Bitget live order book, 2 min ago | 4.29 bp | 13.5 bp −$14 | 40.2 bp −$402 | doesn't fit | doesn't fit |
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin PNUT-USDT | +0.0049% | 4h | 0.05831 | −0.361% | $308K | $28K | 50x | as long as short |
| OKX PNUT-USDT-SWAP | +0.0067% | 4h | 0.05822 | −0.515% | $1.8M | $7.1M | 20x | as long as short |
| Bybit PNUTUSDT | +0.0069% | 4h | 0.05826 | −0.447% | $2.8M | $1.8M | 50x | as long as short |
| Deribit PNUT_USDC-PERPETUAL | +0.0093% | 1h | 0.05835 | −0.293% | $4 | — | 10x | as long as short |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05838 | −0.244% | $3K | $21K | 5x | as long as short |
| Binance PNUTUSDT | +0.0100% | 4h | 0.05838 | −0.244% | $5.8M | $12.0M | 50x | as long as short |
| Gate PNUT_USDT | +0.0100% | 4h | 0.05834 | −0.310% | $915K | $1.3M | 50x | as long as short |
| MEXC PNUT_USDT | +0.0100% | 4h | 0.05839 | −0.224% | $1.2M | $462K | 100x | as long as short |
| Bitget PNUTUSDTshort | +0.0100% | 4h | 0.05832 | −0.344% | $797K | $1.3M | 50x | |
| BingX PNUT-USDC | +0.0100% | 4h | 0.05835 | −0.293% | — | $6.5M | — | as long as short |
BloFin PNUT-USDT
OKX PNUT-USDT-SWAP
Bybit PNUTUSDT
Deribit PNUT_USDC-PERPETUAL
Aster PNUTUSDT
Binance PNUTUSDT
Gate PNUT_USDT
MEXC PNUT_USDT
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 | 0.05825 | −0.472% | $33 | $2K | — | as long as short |
| Extended PNUT-USD | +0.0104% | 1h | 0.05841 | −0.183% | $8K | $243K | 5x | as long as short |
| KuCoin PNUTUSDTM | +0.0198% | 4h | 0.05841 | −0.190% | $1.2M | $137K | 30x | as long as short |
| Hyperliquid PNUT | +0.0623% | 1h | 0.05841 | −0.190% | $1.7M | $556K | 3x | as long as short |
| Coinbase International PNUT-PERP-INTX | +0.1592% | 1h | 0.05888 | +0.613% | $374K | $44K | 50x | as long as short |
| Kraken Futures PF_PNUTUSDlong | +0.1879% | 1h | 0.05852 | long leg | $26K | $13K | 10x |
Variational Omni PNUT
Extended PNUT-USD
KuCoin PNUTUSDTM
Hyperliquid PNUT
Coinbase International PNUT-PERP-INTX