PNUT

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0107%/8h= −11.7% APRnext payment −$0.53 per $10,000 · paid last 24h −0.025%

Price spread now: BloFin against KuCoin+0.142%7-day average −0.169% · you sell dearer than you buy

Net, funding: paid 7d − costs−$697as in the Funding arb table

Net, price: spread back to 7d avg − costs−$653as in the Price arb table

costs, in and out, $10k−$6846.840% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.127%−$13 on $10k

Price spread, last 4 days (all we have)−0.423%−$42 · spread now +0.142%, 7d avg −0.169%

Together, before fees−0.549%−$55 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.310% dearer against KuCoin than usual: you sell high and buy low (spread +0.142% now, against its 7-day average of −0.169%): +$31 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 9.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PNUTUSDTM	0.05645	0.0100	pay 0.0050% / 4h	51m 17s	$1.1M	$144K	30x
Short	BloFin PNUT-USDT	0.05653	−0.0007	pay 0.0003% / 4h	51m 17s	$293K	$26K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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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 BloFinbpOrdersPrice spread, now +0.142%Rate

Funding earned: −$22.41
Price spread: +0.142% → −0.169%: $31.03
Slippage, 4 orders: −$660.01
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$675.39
Costs to cover: 6.840%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; BloFin: live order book, 48 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	11.51 bp	182.1 bp −$182	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 48 min ago	2.63 bp	36.5 bp −$37	doesn't fit	doesn't fit	doesn't fit

PNUT on 16 exchanges

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
Kraken Futures PF_PNUTUSD	−0.0050%	1h	0.05638	−0.123%	$24K	$13K	10x	as long as short
OKX PNUT-USDT-SWAP	−0.0028%	4h	0.05632	−0.230%	$1.7M	$6.7M	20x	as long as short
BloFin PNUT-USDTshort	−0.0007%	4h	0.05653	+0.142%	$293K	$26K	50x
Bybit PNUTUSDT	−0.0007%	4h	0.05636	−0.159%	$2.7M	$1.8M	50x	as long as short
Variational Omni PNUT	+0.0040%	4h	0.05645	0.000%	$107	$4K	—	as long as short
Aster PNUTUSDT	+0.0100%	4h	0.05641	−0.074%	$3K	$26K	5x	as long as short
Binance PNUTUSDT	+0.0100%	4h	0.05641	−0.073%	$5.5M	$11.9M	50x	as long as short
Gate PNUT_USDT	+0.0100%	4h	0.05645	0.000%	$922K	$1.3M	50x	as long as short
MEXC PNUT_USDT	+0.0100%	4h	0.05640	−0.089%	$1.1M	$446K	100x	as long as short
KuCoin PNUTUSDTMlong	+0.0100%	4h	0.05645	long leg	$1.1M	$144K	30x

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PNUTUSDT	+0.0100%	4h	0.05638	−0.124%	$770K	$1.2M	50x	as long as short
BingX PNUT-USDC	+0.0100%	4h	0.05638	−0.124%	—	$6.5M	—	as long as short
Extended PNUT-USD	+0.0104%	1h	0.05640	−0.088%	$7K	$240K	5x	as long as short
Deribit PNUT_USDC-PERPETUAL	+0.0105%	1h	0.05639	−0.106%	$99	$100	10x	as long as short
Hyperliquid PNUT	+0.0536%	1h	0.05653	+0.142%	$1.6M	$550K	3x	as long as short
Coinbase International PNUT-PERP-INTX	+0.1536%	1h	0.05716	+1.258%	$363K	$54K	50x	as long as short