Funding you earn now, next payment 04:00 UTC+0.0222%/8h= +24.3% APRpaid last 24h −0.022%
Price spread now: Deribit against KuCoin−0.248%53s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Deribit is 0.248% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.248% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$25 on $10k: about 3.7 days of funding at the current rate (+$7 a day). The two prices were read 53 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 | 0.05654 | 0.0238 | pay 0.0119% / 4h | 25m 25s | $1.1M | $119K | 30x |
| Short | Deribit PNUT_USDC-PERPETUAL | 0.05640 | 0.0460 | get 0.0057% / 1h | 25m 25s | $4 | — | 10x |
KuCoin PNUTUSDTM
Deribit PNUT_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $46.56
- Price spread: −0.248% → 0.000%
- −$24.76
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $2.8
- Costs to cover
- 0.190%
- Break-even
- 6.6 days
Slippage unknown: KuCoin: live order book, 4 min ago; Deribit: no order-book sample. Net counts fees only.
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 | 6.20 bp | 187.2 bp −$187 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.05648 | −0.106% | $1.6M | $6.0M | 20x | as long as short |
| BloFin PNUT-USDT | +0.0072% | 4h | 0.05638 | −0.283% | $281K | $25K | 50x | as long as short |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05636 | −0.316% | $3K | $19K | 5x | as long as short |
| Binance PNUTUSDT | +0.0100% | 4h | 0.05656 | +0.036% | $5.3M | $10.1M | 50x | as long as short |
| Bybit PNUTUSDT | +0.0100% | 4h | 0.05653 | −0.018% | $2.6M | $1.3M | 50x | as long as short |
| Gate PNUT_USDT | +0.0100% | 4h | 0.05638 | −0.283% | $893K | $1.1M | 50x | as long as short |
| MEXC PNUT_USDT | +0.0100% | 4h | 0.05658 | +0.071% | $1.2M | $408K | 100x | as long as short |
| Bitget PNUTUSDT | +0.0100% | 4h | 0.05648 | −0.106% | $769K | $1.0M | 50x | as long as short |
| BingX PNUT-USDT | +0.0100% | 4h | 0.05635 | −0.336% | — | $6.6M | — | as long as short |
| Variational Omni PNUT | +0.0100% | 4h | 0.05633 | −0.372% | $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-USDT
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 | 0.05630 | −0.420% | $6K | $142K | 5x | as long as short |
| KuCoin PNUTUSDTMlong | +0.0238% | 4h | 0.05654 | long leg | $1.1M | $119K | 30x | |
| Deribit PNUT_USDC-PERPETUALshort | +0.0460% | 1h | 0.05640 | −0.248% | $4 | — | 10x | |
| Kraken Futures PF_PNUTUSD | +0.0860% | 1h | 0.05644 | −0.173% | $24K | $14K | 10x | as long as short |
| Coinbase International PNUT-PERP-INTX | +0.1128% | 1h | 0.05669 | +0.265% | $360K | $53K | 50x | as long as short |
| Hyperliquid PNUT | +0.1153% | 1h | 0.05667 | +0.230% | $1.6M | $485K | 3x | as long as short |
Extended PNUT-USD
Kraken Futures PF_PNUTUSD
Coinbase International PNUT-PERP-INTX
Hyperliquid PNUT