Funding you earn now, next payment 04:00 UTC−0.0046%/8h= −5.0% APRnext payment −$0.23 per $10,000 · paid last 24h −0.007%
Price spread now: BingX against KuCoin−0.159%7-day average — · you buy dearer than you sell
Net, funding: paid 7d − costs−$530as in the Funding arb table
Net, price: spread back to 7d avg − costs−$540as in the Price arb table
costs, in and out, $10k−$5245.239% of the position
Funding, last 7 days−0.061%−$6 on $10k
+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 −$1 a day on $10k at the current rate, and BingX is 0.159% cheaper against KuCoin than usual: you would sell low and buy high (−$16 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 | KuCoin PNUTUSDTM | 0.05655 | 0.0146 | pay 0.0073% / 4h | 1h 14m | $1.1M | $122K | 30x |
| Short | BingX PNUT-USDC | 0.05646 | 0.0100 | get 0.0050% / 4h | 1h 14m | — | $6.5M | — |
KuCoin PNUTUSDTM
BingX PNUT-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$9.66
- Price spread: −0.159% → 0.000%
- −$15.92
- Slippage, 4 orders
- −$501.87
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$549.45
- Costs to cover
- 5.239%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 10 min ago; BingX: live order book, 11 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, 10 min ago | 8.86 bp | 294.7 bp −$295 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 11 min ago | 3.55 bp | 17.6 bp −$18 | 78.7 bp −$787 | 397.6 bp −$39.8K | 769.3 bp −$384.7K |
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 | −0.0033% | 4h | 0.05639 | −0.283% | $1.7M | $5.8M | 20x | as long as short |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05644 | −0.198% | $3K | $18K | 5x | as long as short |
| Binance PNUTUSDT | +0.0100% | 4h | 0.05643 | −0.213% | $5.3M | $10.0M | 50x | as long as short |
| Bybit PNUTUSDT | +0.0100% | 4h | 0.05641 | −0.248% | $2.6M | $1.3M | 50x | as long as short |
| Gate PNUT_USDT | +0.0100% | 4h | 0.05647 | −0.141% | $898K | $1.1M | 50x | as long as short |
| MEXC PNUT_USDT | +0.0100% | 4h | 0.05643 | −0.212% | $1.2M | $403K | 100x | as long as short |
| Bitget PNUTUSDT | +0.0100% | 4h | 0.05644 | −0.195% | $766K | $1.1M | 50x | as long as short |
| BingX PNUT-USDCshort | +0.0100% | 4h | 0.05646 | −0.159% | — | $6.5M | — | |
| Variational Omni PNUT | +0.0100% | 4h | 0.05651 | −0.073% | $32 | $2K | — | as long as short |
| Extended PNUT-USD | +0.0104% | 1h | 0.05641 | −0.240% | $6K | $139K | 5x | as long as short |
OKX PNUT-USDT-SWAP
Aster PNUTUSDT
Binance PNUTUSDT
Bybit PNUTUSDT
Gate PNUT_USDT
MEXC PNUT_USDT
Bitget PNUTUSDT
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 | 0.05646 | −0.159% | $4 | — | 10x | as long as short |
| KuCoin PNUTUSDTMlong | +0.0146% | 4h | 0.05655 | long leg | $1.1M | $122K | 30x | |
| BloFin PNUT-USDT | +0.0157% | 4h | 0.05652 | −0.053% | $220K | $26K | 50x | as long as short |
| Kraken Futures PF_PNUTUSD | +0.0378% | 1h | 0.05664 | +0.153% | $24K | $14K | 10x | as long as short |
| Hyperliquid PNUT | +0.0782% | 1h | 0.05657 | +0.035% | $1.6M | $480K | 3x | as long as short |
| Coinbase International PNUT-PERP-INTX | +0.1256% | 1h | 0.05660 | +0.088% | $359K | $53K | 50x | as long as short |
Deribit PNUT_USDC-PERPETUAL
BloFin PNUT-USDT
Kraken Futures PF_PNUTUSD
Hyperliquid PNUT
Coinbase International PNUT-PERP-INTX