Funding you earn now, next payment 03:00 UTC+0.0884%/8h= +96.8% APRpaid last 24h +0.322%
Price spread now: Coinbase International against KuCoin+0.283%51s7-day average +0.519% · you sell dearer than you buy
Net, funding: paid 7d − costs−$243as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$4004.002% of the position
Funding, last 7 days+1.572%+$157 on $10k
+Price spread, last 4 days (all we have)+0.150%+$15 · spread now +0.283%, 7d avg +0.519%
=Funding pays, the price is against you. Coinbase International is 0.236% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.283% now, against its 7-day average of +0.519%). If the spread goes back, that is −$24 on $10k: about 21 hours of funding at the current rate (+$27 a day). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PNUTUSDTM | 0.05653 | 0.0244 | pay 0.0122% / 4h | 26m 21s | $1.1M | $119K | 30x |
| Short | Coinbase International PNUT-PERP-INTX | 0.05669 | 0.1128 | get 0.0141% / 1h | 26m 21s | $360K | $53K | 50x |
KuCoin PNUTUSDTM
Coinbase International PNUT-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $185.64
- Price spread: +0.283% → +0.519%
- −$23.6
- Slippage, 4 orders
- −$378.22
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$238.18
- Costs to cover
- 4.002%
- Break-even
- 16.0 days
Slippage from KuCoin: live order book, 3 min ago; Coinbase International: live order book, 32 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, 3 min ago | 6.20 bp | 187.2 bp −$187 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 32 min ago | 12.55 bp | 28.8 bp −$29 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX PNUT-USDT-SWAP | +0.0046% | 4h | 0.05632 | −0.371% | $1.6M | $6.0M | 20x | as long as short |
| BloFin PNUT-USDT | +0.0072% | 4h | 0.05638 | −0.265% | $281K | $25K | 50x | as long as short |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05646 | −0.116% | $3K | $19K | 5x | as long as short |
| Binance PNUTUSDT | +0.0100% | 4h | 0.05642 | −0.196% | $5.3M | $10.1M | 50x | as long as short |
| Bybit PNUTUSDT | +0.0100% | 4h | 0.05637 | −0.283% | $2.6M | $1.3M | 50x | as long as short |
| Gate PNUT_USDT | +0.0100% | 4h | 0.05645 | −0.142% | $894K | $1.1M | 50x | as long as short |
| MEXC PNUT_USDT | +0.0100% | 4h | 0.05640 | −0.230% | $1.2M | $408K | 100x | as long as short |
| Bitget PNUTUSDT | +0.0100% | 4h | 0.05643 | −0.177% | $767K | $1.0M | 50x | as long as short |
| BingX PNUT-USDC | +0.0100% | 4h | 0.05643 | −0.177% | — | $6.5M | — | as long as short |
| Variational Omni PNUT | +0.0100% | 4h | 0.05622 | −0.557% | $32 | $2K | — | as long as short |
OKX PNUT-USDT-SWAP
BloFin PNUT-USDT
Aster PNUTUSDT
Binance PNUTUSDT
Bybit PNUTUSDT
Gate PNUT_USDT
MEXC PNUT_USDT
Bitget PNUTUSDT
BingX PNUT-USDC
Variational Omni PNUTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended PNUT-USD | +0.0104% | 1h | 0.05649 | −0.079% | $6K | $142K | 5x | as long as short |
| KuCoin PNUTUSDTMlong | +0.0244% | 4h | 0.05653 | long leg | $1.1M | $119K | 30x | |
| Deribit PNUT_USDC-PERPETUAL | +0.0458% | 1h | 0.05652 | −0.018% | $4 | — | 10x | as long as short |
| Kraken Futures PF_PNUTUSD | +0.0858% | 1h | 0.05655 | +0.034% | $24K | $14K | 10x | as long as short |
| Coinbase International PNUT-PERP-INTXshort | +0.1128% | 1h | 0.05669 | +0.283% | $360K | $53K | 50x | |
| Hyperliquid PNUT | +0.1161% | 1h | 0.05654 | +0.018% | $1.6M | $485K | 3x | as long as short |
Extended PNUT-USD
Deribit PNUT_USDC-PERPETUAL
Kraken Futures PF_PNUTUSD
Hyperliquid PNUT