PNUT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0150%/8h= −16.4% APRnext payment −$0.75 per $10,000 · paid last 24h −0.007%

Price spread now: Bitget against KuCoin−0.159%7-day average −0.091% · you buy dearer than you sell

Net, funding: paid 7d − costs−$514as in the Funding arb table

Net, price: spread back to 7d avg − costs−$515as in the Price arb table

costs, in and out, $10k−$5085.081% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.061%−$6 on $10k

Price spread, last 7 days+0.158%+$16 · spread now −0.159%, 7d avg −0.091%

Together, before fees+0.097%+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bitget is 0.068% cheaper against KuCoin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.091%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PNUTUSDTM	0.05661	0.0250	pay 0.0125% / 4h	2h 05m	$1.1M	$131K	30x
Short	Bitget PNUTUSDT	0.05652	0.0100	get 0.0050% / 4h	2h 05m	$765K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee BitgetbpOrdersPrice spread, now −0.159%Rate

Funding earned: −$31.5
Price spread: −0.159% → −0.091%: −$6.79
Slippage, 4 orders: −$484.13
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$546.42
Costs to cover: 5.081%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Bitget: live order book, just now.

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, 4 min ago	7.97 bp	281.4 bp −$281	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, just now	4.42 bp	17.3 bp −$17	33.2 bp −$332	doesn't fit	doesn't fit

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
Deribit PNUT_USDC-PERPETUAL	0.0000%	1h	0.05658	−0.053%	$4	—	10x	as long as short
OKX PNUT-USDT-SWAP	+0.0063%	4h	0.05650	−0.194%	$1.7M	$5.8M	20x	as long as short
Aster PNUTUSDT	+0.0100%	4h	0.05658	−0.055%	$3K	$18K	5x	as long as short
Binance PNUTUSDT	+0.0100%	4h	0.05654	−0.118%	$5.3M	$10.0M	50x	as long as short
Bybit PNUTUSDT	+0.0100%	4h	0.05652	−0.159%	$2.6M	$1.3M	50x	as long as short
Gate PNUT_USDT	+0.0100%	4h	0.05657	−0.071%	$895K	$1.1M	50x	as long as short
MEXC PNUT_USDT	+0.0100%	4h	0.05656	−0.088%	$1.2M	$398K	100x	as long as short
Bitget PNUTUSDTshort	+0.0100%	4h	0.05652	−0.159%	$765K	$1.1M	50x
BingX PNUT-USDC	+0.0100%	4h	0.05656	−0.088%	—	$6.5M	—	as long as short
Variational Omni PNUT	+0.0100%	4h	0.05653	−0.141%	$32	$3K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended PNUT-USD	+0.0104%	1h	0.05657	−0.079%	$8K	$143K	5x	as long as short
KuCoin PNUTUSDTMlong	+0.0250%	4h	0.05661	long leg	$1.1M	$131K	30x
Kraken Futures PF_PNUTUSD	+0.0738%	1h	0.05662	+0.011%	$24K	$14K	10x	as long as short
Hyperliquid PNUT	+0.0808%	1h	0.05668	+0.124%	$1.6M	$477K	3x	as long as short
Coinbase International PNUT-PERP-INTX	+0.1072%	1h	0.05689	+0.495%	$361K	$54K	50x	as long as short