Funding you earn now, next payment 09:00 UTC−0.1787%/8h= −195.7% APRpaid last 24h −0.445%
Price spread now: Bybit against Kraken Futures−0.377%7-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 −$54 a day on $10k at the current rate, and Bybit is 0.377% cheaper against Kraken Futures than usual: you would sell low and buy high (−$38 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_PNUTUSD | 0.05827 | 0.1887 | pay 0.0236% / 1h | 5m 00s | $26K | $9K | 10x |
| Short | Bybit PNUTUSDT | 0.05805 | 0.0100 | get 0.0050% / 4h | 3h 05m | $2.7M | $1.8M | 50x |
Kraken Futures PF_PNUTUSD
Bybit PNUTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$375.24
- Price spread: −0.377% → 0.000%
- −$37.68
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$433.93
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Bybit: 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 Bybit live order book, 2 min ago | 1.72 bp | 33.8 bp −$34 | 401.4 bp −$4,014 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit PNUT_USDC-PERPETUAL | +0.0094% | 1h | 0.05808 | −0.325% | $4 | — | 10x | as long as short |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05811 | −0.268% | $5K | $23K | 5x | as long as short |
| Binance PNUTUSDT | +0.0100% | 4h | 0.05810 | −0.286% | $5.7M | $12.1M | 50x | as long as short |
| Bybit PNUTUSDTshort | +0.0100% | 4h | 0.05805 | −0.377% | $2.7M | $1.8M | 50x | |
| OKX PNUT-USDT-SWAP | +0.0100% | 4h | 0.05801 | −0.445% | $1.8M | $7.0M | 20x | as long as short |
| Gate PNUT_USDT | +0.0100% | 4h | 0.05813 | −0.240% | $932K | $1.4M | 50x | as long as short |
| MEXC PNUT_USDT | +0.0100% | 4h | 0.05810 | −0.291% | $1.2M | $472K | 100x | as long as short |
| Bitget PNUTUSDT | +0.0100% | 4h | 0.05811 | −0.274% | $809K | $1.3M | 50x | as long as short |
| BingX PNUT-USDC | +0.0100% | 4h | 0.05809 | −0.308% | — | $6.5M | — | as long as short |
| Variational Omni PNUT | +0.0100% | 4h | 0.05804 | −0.393% | $804 | $3K | — | as long as short |
Deribit PNUT_USDC-PERPETUAL
Aster PNUTUSDT
Binance PNUTUSDT
OKX PNUT-USDT-SWAP
Gate PNUT_USDT
MEXC PNUT_USDT
Bitget PNUTUSDT
BingX PNUT-USDC
Variational Omni PNUTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended PNUT-USD | +0.0104% | 1h | 0.05809 | −0.313% | $7K | $243K | 5x | as long as short |
| BloFin PNUT-USDT | +0.0154% | 4h | 0.05810 | −0.291% | $301K | $27K | 50x | as long as short |
| KuCoin PNUTUSDTM | +0.0204% | 4h | 0.05811 | −0.274% | $1.1M | $142K | 30x | as long as short |
| Hyperliquid PNUT | +0.0435% | 1h | 0.05821 | −0.102% | $1.7M | $563K | 3x | as long as short |
| Coinbase International PNUT-PERP-INTX | +0.1592% | 1h | 0.05849 | +0.378% | $371K | $41K | 50x | as long as short |
| Kraken Futures PF_PNUTUSDlong | +0.1887% | 1h | 0.05827 | long leg | $26K | $9K | 10x |
Extended PNUT-USD
BloFin PNUT-USDT
KuCoin PNUTUSDTM
Hyperliquid PNUT
Coinbase International PNUT-PERP-INTX