PNUT

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0878%/8h= +96.2% APRnext payment +$1.10 per $10,000 · paid last 24h −0.075%

Price spread now: Coinbase International against Kraken Futures−0.026%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Coinbase International

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. Coinbase International is 0.026% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.026% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2 hours of funding at the current rate (+$26 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_PNUTUSD	0.05661	0.0378	pay 0.0047% / 1h	13m 43s	$24K	$14K	10x
Short	Coinbase International PNUT-PERP-INTX	0.05660	0.1256	get 0.0157% / 1h	13m 43s	$359K	$53K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 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 Kraken FuturesbpFee Coinbase InternationalbpOrdersPrice spread, now −0.026%Rate

Funding earned: $184.42
Price spread: −0.026% → 0.000%: −$2.6
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $161.82
Costs to cover: 0.200%
Break-even: 0.9 days

Slippage unknown: Kraken Futures: no order-book sample; Coinbase International: live order book, 49 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 Coinbase International live order book, 49 min ago	14.12 bp	27.0 bp −$27	doesn't fit	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
OKX PNUT-USDT-SWAP	−0.0032%	4h	0.05639	−0.397%	$1.7M	$5.8M	20x	as long as short
Aster PNUTUSDT	+0.0100%	4h	0.05649	−0.221%	$3K	$18K	5x	as long as short
Binance PNUTUSDT	+0.0100%	4h	0.05648	−0.238%	$5.3M	$10.0M	50x	as long as short
Bybit PNUTUSDT	+0.0100%	4h	0.05641	−0.362%	$2.6M	$1.3M	50x	as long as short
Gate PNUT_USDT	+0.0100%	4h	0.05650	−0.203%	$899K	$1.1M	50x	as long as short
MEXC PNUT_USDT	+0.0100%	4h	0.05647	−0.256%	$1.2M	$403K	100x	as long as short
Bitget PNUTUSDT	+0.0100%	4h	0.05646	−0.273%	$766K	$1.1M	50x	as long as short
BingX PNUT-USDC	+0.0100%	4h	0.05641	−0.362%	—	$6.5M	—	as long as short
Variational Omni PNUT	+0.0100%	4h	0.05651	−0.187%	$32	$2K	—	as long as short
Extended PNUT-USD	+0.0104%	1h	0.05646	−0.273%	$6K	$139K	5x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit PNUT_USDC-PERPETUAL	+0.0105%	1h	0.05643	−0.326%	$4	—	10x	as long as short
KuCoin PNUTUSDTM	+0.0146%	4h	0.05655	−0.114%	$1.1M	$122K	30x	as long as short
BloFin PNUT-USDT	+0.0157%	4h	0.05652	−0.167%	$220K	$26K	50x	as long as short
Kraken Futures PF_PNUTUSDlong	+0.0378%	1h	0.05661	long leg	$24K	$14K	10x
Hyperliquid PNUT	+0.0787%	1h	0.05655	−0.114%	$1.6M	$480K	3x	as long as short
Coinbase International PNUT-PERP-INTXshort	+0.1256%	1h	0.05660	−0.026%	$359K	$53K	50x