Funding you earn now, next payment 03:00 UTC−0.0237%/8h= −26.0% APRpaid last 24h −0.398%
Price spread now: KuCoin against Kraken Futures−0.452%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 −$7 a day on $10k at the current rate, and KuCoin is 0.452% cheaper against Kraken Futures than usual: you would sell low and buy high (−$45 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 | 0.05669 | 0.0377 | pay 0.0047% / 1h | 11m 12s | $24K | $14K | 10x |
| Short | KuCoin PNUTUSDTM | 0.05643 | 0.0140 | get 0.0070% / 4h | 1h 11m | $1.1M | $122K | 30x |
Kraken Futures PF_PNUTUSD
KuCoin PNUTUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$49.84
- Price spread: −0.452% → 0.000%
- −$45.25
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$117.09
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 4 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 KuCoin live order book, 4 min ago | 14.13 bp | 222.7 bp −$223 | 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 | −0.0047% | 4h | 0.05646 | −0.400% | $1.7M | $5.8M | 20x | as long as short |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05642 | −0.468% | $3K | $18K | 5x | as long as short |
| Binance PNUTUSDT | +0.0100% | 4h | 0.05648 | −0.373% | $5.3M | $10.0M | 50x | as long as short |
| Bybit PNUTUSDT | +0.0100% | 4h | 0.05637 | −0.558% | $2.6M | $1.3M | 50x | as long as short |
| Gate PNUT_USDT | +0.0100% | 4h | 0.05643 | −0.452% | $899K | $1.1M | 50x | as long as short |
| MEXC PNUT_USDT | +0.0100% | 4h | 0.05653 | −0.276% | $1.2M | $403K | 100x | as long as short |
| Bitget PNUTUSDT | +0.0100% | 4h | 0.05642 | −0.470% | $766K | $1.1M | 50x | as long as short |
| BingX PNUT-USDC | +0.0100% | 4h | 0.05642 | −0.470% | — | $6.5M | — | as long as short |
| Variational Omni PNUT | +0.0100% | 4h | 0.05651 | −0.313% | $32 | $2K | — | as long as short |
| Extended PNUT-USD | +0.0104% | 1h | 0.05641 | −0.494% | $6K | $144K | 5x | as long as short |
OKX PNUT-USDT-SWAP
Aster PNUTUSDT
Binance PNUTUSDT
Bybit PNUTUSDT
Gate PNUT_USDT
MEXC PNUT_USDT
Bitget PNUTUSDT
BingX PNUT-USDC
Variational Omni PNUT
Extended PNUT-USDShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit PNUT_USDC-PERPETUAL | +0.0104% | 1h | 0.05650 | −0.329% | $4 | — | 10x | as long as short |
| KuCoin PNUTUSDTMshort | +0.0140% | 4h | 0.05643 | −0.452% | $1.1M | $122K | 30x | |
| BloFin PNUT-USDT | +0.0152% | 4h | 0.05643 | −0.452% | $221K | $26K | 50x | as long as short |
| Kraken Futures PF_PNUTUSDlong | +0.0377% | 1h | 0.05669 | long leg | $24K | $14K | 10x | |
| Hyperliquid PNUT | +0.0793% | 1h | 0.05658 | −0.188% | $1.6M | $480K | 3x | as long as short |
| Coinbase International PNUT-PERP-INTX | +0.1256% | 1h | 0.05667 | −0.029% | $360K | $53K | 50x | as long as short |
Deribit PNUT_USDC-PERPETUAL
BloFin PNUT-USDT
Hyperliquid PNUT
Coinbase International PNUT-PERP-INTX