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: Gate against KuCoin+0.035%7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$439as in the Funding arb table

Net, price: spread back to 7d avg − costs−$424as in the Price arb table

costs, in and out, $10k−$4324.316% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.072%−$7 on $10k

Price spread, last 7 days+0.024%+$2 · spread now +0.035%, 7d avg −0.037%

Together, before fees−0.048%−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.072% dearer against KuCoin than usual: you sell high and buy low (spread +0.035% now, against its 7-day average of −0.037%): +$7 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 39 hours. At the pace of the last 7 days (−0.072% in total) that is about 7.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PNUTUSDTM	0.05655	0.0250	pay 0.0125% / 4h	27m 20s	$1.1M	$119K	30x
Short	Gate PNUT_USDT	0.05657	0.0100	get 0.0050% / 4h	27m 20s	$896K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.035%Rate

Funding earned: −$31.5
Price spread: +0.035% → −0.037%: $7.25
Slippage, 4 orders: −$404.57
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$455.82
Costs to cover: 4.316%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Gate: live order book, 5 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, 2 min ago	6.20 bp	187.2 bp −$187	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	7.12 bp	36.8 bp −$37	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	+0.0052%	4h	0.05640	−0.265%	$1.6M	$6.0M	20x	as long as short
BloFin PNUT-USDT	+0.0072%	4h	0.05638	−0.301%	$281K	$25K	50x	as long as short
Aster PNUTUSDT	+0.0100%	4h	0.05645	−0.175%	$3K	$18K	5x	as long as short
Binance PNUTUSDT	+0.0100%	4h	0.05652	−0.055%	$5.3M	$10.1M	50x	as long as short
Bybit PNUTUSDT	+0.0100%	4h	0.05645	−0.177%	$2.6M	$1.3M	50x	as long as short
Gate PNUT_USDTshort	+0.0100%	4h	0.05657	+0.035%	$896K	$1.1M	50x
MEXC PNUT_USDT	+0.0100%	4h	0.05653	−0.035%	$1.2M	$408K	100x	as long as short
Bitget PNUTUSDT	+0.0100%	4h	0.05647	−0.141%	$768K	$1.0M	50x	as long as short
BingX PNUT-USDT	+0.0100%	4h	0.05648	−0.124%	—	$6.6M	—	as long as short
Variational Omni PNUT	+0.0100%	4h	0.05622	−0.592%	$32	$2K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended PNUT-USD	+0.0104%	1h	0.05648	−0.133%	$6K	$142K	5x	as long as short
KuCoin PNUTUSDTMlong	+0.0250%	4h	0.05655	long leg	$1.1M	$119K	30x
Deribit PNUT_USDC-PERPETUAL	+0.0458%	1h	0.05652	−0.053%	$4	—	10x	as long as short
Kraken Futures PF_PNUTUSD	+0.0858%	1h	0.05655	−0.001%	$24K	$14K	10x	as long as short
Coinbase International PNUT-PERP-INTX	+0.1128%	1h	0.05669	+0.248%	$360K	$53K	50x	as long as short
Hyperliquid PNUT	+0.1168%	1h	0.05661	+0.106%	$1.6M	$484K	3x	as long as short