Funding you earn now, next payment 02:00 UTC−0.0637%/8h= −69.8% APRpaid last 24h −0.394%
Price spread now: Gate against Kraken Futures−0.103%51s7-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 −$19 a day on $10k at the current rate, and Gate is 0.103% cheaper against Kraken Futures than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 51 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 | 0.05668 | 0.0737 | pay 0.0092% / 1h | 6m 21s | $24K | $14K | 10x |
| Short | Gate PNUT_USDT | 0.05662 | 0.0100 | get 0.0050% / 4h | 2h 06m | $896K | $1.1M | 50x |
Kraken Futures PF_PNUTUSD
Gate PNUT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$133.8
- Price spread: −0.103% → 0.000%
- −$10.33
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$169.13
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Gate: live order book, 1 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 Gate live order book, 1 min ago | 7.06 bp | 30.3 bp −$30 | 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 15 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 | +0.0060% | 4h | 0.05654 | −0.244% | $1.7M | $5.8M | 20x | as long as short |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05663 | −0.080% | $3K | $18K | 5x | as long as short |
| Binance PNUTUSDT | +0.0100% | 4h | 0.05658 | −0.174% | $5.3M | $10.0M | 50x | as long as short |
| Bybit PNUTUSDT | +0.0100% | 4h | 0.05655 | −0.227% | $2.6M | $1.3M | 50x | as long as short |
| Gate PNUT_USDTshort | +0.0100% | 4h | 0.05662 | −0.103% | $896K | $1.1M | 50x | |
| MEXC PNUT_USDT | +0.0100% | 4h | 0.05659 | −0.156% | $1.2M | $398K | 100x | as long as short |
| Bitget PNUTUSDT | +0.0100% | 4h | 0.05658 | −0.174% | $765K | $1.1M | 50x | as long as short |
| BingX PNUT-USDT | +0.0100% | 4h | 0.05658 | −0.174% | — | $6.6M | — | as long as short |
| Variational Omni PNUT | +0.0100% | 4h | 0.05653 | −0.271% | $32 | $3K | — | as long as short |
| Deribit PNUT_USDC-PERPETUAL | +0.0103% | 1h | 0.05660 | −0.139% | $4 | — | 10x | as long as short |
OKX PNUT-USDT-SWAP
Aster PNUTUSDT
Binance PNUTUSDT
Bybit PNUTUSDT
MEXC PNUT_USDT
Bitget PNUTUSDT
BingX PNUT-USDT
Variational Omni PNUT
Deribit PNUT_USDC-PERPETUALShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended PNUT-USD | +0.0104% | 1h | 0.05662 | −0.103% | $8K | $143K | 5x | as long as short |
| KuCoin PNUTUSDTM | +0.0250% | 4h | 0.05665 | −0.050% | $1.1M | $131K | 30x | as long as short |
| Kraken Futures PF_PNUTUSDlong | +0.0737% | 1h | 0.05668 | long leg | $24K | $14K | 10x | |
| Hyperliquid PNUT | +0.0808% | 1h | 0.05673 | +0.091% | $1.6M | $477K | 3x | as long as short |
| Coinbase International PNUT-PERP-INTX | +0.1072% | 1h | 0.05689 | +0.373% | $361K | $55K | 50x | as long as short |
Extended PNUT-USD
KuCoin PNUTUSDTM
Hyperliquid PNUT
Coinbase International PNUT-PERP-INTX