Funding you earn now, next payment 07:00 UTC−0.0661%/8h= −72.4% APRnext payment −$0.83 per $10,000 · paid last 24h −0.439%
Price spread now: Deribit against Kraken Futures−0.036%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 −$20 a day on $10k at the current rate, and Deribit is 0.036% cheaper against Kraken Futures than usual: you would sell low and buy high (−$4 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 | 0.05729 | 0.1110 | pay 0.0139% / 1h | 58m 42s | $25K | $13K | 10x |
| Short | Deribit PNUT_USDC-PERPETUAL | 0.05727 | 0.0449 | get 0.0056% / 1h | 58m 42s | $4 | — | 10x |
Kraken Futures PF_PNUTUSD
Deribit PNUT_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$138.89
- Price spread: −0.036% → 0.000%
- −$3.61
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$159.49
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Deribit: no order-book sample. 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 Deribit no order-book sample | — | — | — | — | — |
Kraken Futures and Deribit: 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 | +0.0054% | 4h | 0.05725 | −0.071% | $289K | $27K | 50x | as long as short |
| OKX PNUT-USDT-SWAP | +0.0084% | 4h | 0.05737 | +0.138% | $1.7M | $6.5M | 20x | as long as short |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05727 | −0.044% | $3K | $19K | 5x | as long as short |
| Binance PNUTUSDT | +0.0100% | 4h | 0.05735 | +0.103% | $5.5M | $11.0M | 50x | as long as short |
| Bybit PNUTUSDT | +0.0100% | 4h | 0.05725 | −0.071% | $2.6M | $1.5M | 50x | as long as short |
| Gate PNUT_USDT | +0.0100% | 4h | 0.05722 | −0.123% | $898K | $1.2M | 50x | as long as short |
| MEXC PNUT_USDT | +0.0100% | 4h | 0.05735 | +0.104% | $1.1M | $444K | 100x | as long as short |
| Bitget PNUTUSDT | +0.0100% | 4h | 0.05724 | −0.088% | $784K | $1.1M | 50x | as long as short |
| BingX PNUT-USDT | +0.0100% | 4h | 0.05722 | −0.123% | — | $6.6M | — | as long as short |
| Variational Omni PNUT | +0.0100% | 4h | 0.05710 | −0.325% | $33 | $2K | — | as long as short |
BloFin PNUT-USDT
OKX PNUT-USDT-SWAP
Aster PNUTUSDT
Binance PNUTUSDT
Bybit PNUTUSDT
Gate PNUT_USDT
MEXC PNUT_USDT
Bitget PNUTUSDT
BingX PNUT-USDT
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 | 0.05733 | +0.075% | $6K | $81K | 5x | as long as short |
| KuCoin PNUTUSDTM | +0.0300% | 4h | 0.05731 | +0.034% | $1.1M | $113K | 30x | as long as short |
| Deribit PNUT_USDC-PERPETUALshort | +0.0449% | 1h | 0.05727 | −0.036% | $4 | — | 10x | |
| Hyperliquid PNUT | +0.0723% | 1h | 0.05749 | +0.348% | $1.7M | $511K | 3x | as long as short |
| Kraken Futures PF_PNUTUSDlong | +0.1110% | 1h | 0.05729 | long leg | $25K | $13K | 10x | |
| Coinbase International PNUT-PERP-INTX | +0.1616% | 1h | 0.05762 | +0.575% | $366K | $42K | 50x | as long as short |
Extended PNUT-USD
KuCoin PNUTUSDTM
Hyperliquid PNUT
Coinbase International PNUT-PERP-INTX