Funding you earn now, next payment 04:00 UTC−0.0228%/8h= −25.0% APRnext payment −$1.14 per $10,000 · paid last 24h −0.007%
Price spread now: Binance against KuCoin0.000%7-day average −0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs−$533as in the Funding arb table
Net, price: spread back to 7d avg − costs−$517as in the Price arb table
costs, in and out, $10k−$5255.246% of the position
Funding, last 7 days−0.086%−$9 on $10k
+Price spread, last 7 days−0.040%−$4 · spread now 0.000%, 7d avg −0.072%
=The price spread pays, funding is against you. Binance is 0.072% dearer against KuCoin than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.072%): +$7 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 7 days (−0.086% in total) that is about 5.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.086% in total (about -4.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.14 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PNUTUSDTM | 0.05665 | 0.0328 | pay 0.0164% / 4h | 2h 48m | $1.1M | $131K | 30x |
| Short | Binance PNUTUSDT | 0.05665 | 0.0100 | get 0.0050% / 4h | 2h 48m | $5.4M | $9.9M | 50x |
KuCoin PNUTUSDTM
Binance PNUTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against KuCoin. 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
- −$47.88
- Price spread: 0.000% → −0.072%
- $7.15
- Slippage, 4 orders
- −$502.65
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$565.38
- Costs to cover
- 5.246%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 1 min ago; Binance: live order book, 6 min ago.
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 KuCoin live order book, 1 min ago | 15.88 bp | 276.4 bp −$276 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 0.89 bp | 16.9 bp −$17 | 51.9 bp −$519 | doesn't fit | doesn't fit |
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 | 0.0000% | 1h | 0.05658 | −0.124% | $4 | — | 10x | as long as short |
| BloFin PNUT-USDT | +0.0093% | 4h | 0.05652 | −0.229% | $289K | $25K | 50x | as long as short |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05659 | −0.102% | $3K | $18K | 5x | as long as short |
| Binance PNUTUSDTshort | +0.0100% | 4h | 0.05665 | 0.000% | $5.4M | $9.9M | 50x | |
| Bybit PNUTUSDT | +0.0100% | 4h | 0.05661 | −0.071% | $2.6M | $1.3M | 50x | as long as short |
| OKX PNUT-USDT-SWAP | +0.0100% | 4h | 0.05658 | −0.124% | $1.7M | $5.7M | 20x | as long as short |
| Gate PNUT_USDT | +0.0100% | 4h | 0.05660 | −0.088% | $867K | $1.1M | 50x | as long as short |
| MEXC PNUT_USDT | +0.0100% | 4h | 0.05663 | −0.035% | $1.2M | $388K | 100x | as long as short |
| Bitget PNUTUSDT | +0.0100% | 4h | 0.05661 | −0.071% | $776K | $1.1M | 50x | as long as short |
| BingX PNUT-USDC | +0.0100% | 4h | 0.05660 | −0.088% | — | $6.5M | — | as long as short |
Deribit PNUT_USDC-PERPETUAL
BloFin PNUT-USDT
Aster PNUTUSDT
Bybit PNUTUSDT
OKX PNUT-USDT-SWAP
Gate PNUT_USDT
MEXC PNUT_USDT
Bitget PNUTUSDT
BingX PNUT-USDCShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni PNUT | +0.0100% | 4h | 0.05643 | −0.395% | $32 | $3K | — | as long as short |
| Extended PNUT-USD | +0.0104% | 1h | 0.05664 | −0.024% | $6K | $139K | 5x | as long as short |
| KuCoin PNUTUSDTMlong | +0.0328% | 4h | 0.05665 | long leg | $1.1M | $131K | 30x | |
| Kraken Futures PF_PNUTUSD | +0.0738% | 1h | 0.05662 | −0.047% | $24K | $13K | 10x | as long as short |
| Hyperliquid PNUT | +0.0973% | 1h | 0.05672 | +0.124% | $1.6M | $479K | 3x | as long as short |
| Coinbase International PNUT-PERP-INTX | +0.1072% | 1h | 0.05688 | +0.406% | $361K | $56K | 50x | as long as short |
Variational Omni PNUT
Extended PNUT-USD
Kraken Futures PF_PNUTUSD
Hyperliquid PNUT
Coinbase International PNUT-PERP-INTX