Funding you earn now, next payment 08:00 UTC−0.0102%/8h= −11.2% APRnext payment −$0.51 per $10,000 · paid last 24h −0.013%
Price spread now: MEXC against KuCoin+0.087%7-day average −0.083% · you sell dearer than you buy
Net, funding: paid 7d − costs−$293as in the Funding arb table
Net, price: spread back to 7d avg − costs−$266as in the Price arb table
costs, in and out, $10k−$2832.832% of the position
Funding, last 7 days−0.100%−$10 on $10k
+Price spread, last 7 days−0.139%−$14 · spread now +0.087%, 7d avg −0.083%
=The price spread pays, funding is against you. MEXC is 0.170% dearer against KuCoin than usual: you sell high and buy low (spread +0.087% now, against its 7-day average of −0.083%): +$17 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.6 days. At the pace of the last 7 days (−0.100% in total) that is about 12 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PNUTUSDTM | 0.05735 | 0.0202 | pay 0.0101% / 4h | 3h 30m | $1.1M | $112K | 30x |
| Short | MEXC PNUT_USDT | 0.05740 | 0.0100 | get 0.0050% / 4h | 3h 30m | $1.2M | $414K | 100x |
KuCoin PNUTUSDTM
MEXC PNUT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$21.42
- Price spread: +0.087% → −0.083%
- $17
- Slippage, 4 orders
- −$267.22
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$287.64
- Costs to cover
- 2.832%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 5 min ago; MEXC: live order book, 1 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, 5 min ago | 12.22 bp | 130.7 bp −$131 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 2.61 bp | 8.9 bp −$9 | 34.2 bp −$342 | 117.5 bp −$11.8K | 257.0 bp −$128.5K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit PNUT_USDC-PERPETUAL | +0.0098% | 1h | 0.05742 | +0.122% | $4 | — | 10x | as long as short |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05738 | +0.044% | $3K | $19K | 5x | as long as short |
| Binance PNUTUSDT | +0.0100% | 4h | 0.05742 | +0.122% | $5.6M | $10.6M | 50x | as long as short |
| Bybit PNUTUSDT | +0.0100% | 4h | 0.05734 | −0.017% | $2.7M | $1.4M | 50x | as long as short |
| OKX PNUT-USDT-SWAP | +0.0100% | 4h | 0.05732 | −0.052% | $1.7M | $6.4M | 20x | as long as short |
| Gate PNUT_USDT | +0.0100% | 4h | 0.05734 | −0.017% | $916K | $1.2M | 50x | as long as short |
| MEXC PNUT_USDTshort | +0.0100% | 4h | 0.05740 | +0.087% | $1.2M | $414K | 100x | |
| Bitget PNUTUSDT | +0.0100% | 4h | 0.05734 | −0.017% | $763K | $1.1M | 50x | as long as short |
| BingX PNUT-USDT | +0.0100% | 4h | 0.05730 | −0.087% | — | $6.6M | — | as long as short |
| Variational Omni PNUT | +0.0100% | 4h | 0.05739 | +0.070% | $33 | $2K | — | as long as short |
Deribit PNUT_USDC-PERPETUAL
Aster PNUTUSDT
Binance PNUTUSDT
Bybit PNUTUSDT
OKX PNUT-USDT-SWAP
Gate 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 | 0.05742 | +0.127% | $6K | $140K | 5x | as long as short |
| BloFin PNUT-USDT | +0.0112% | 4h | 0.05711 | −0.418% | $295K | $27K | 50x | as long as short |
| KuCoin PNUTUSDTMlong | +0.0202% | 4h | 0.05735 | long leg | $1.1M | $112K | 30x | |
| Hyperliquid PNUT | +0.0854% | 1h | 0.05753 | +0.314% | $1.7M | $502K | 3x | as long as short |
| Kraken Futures PF_PNUTUSD | +0.1162% | 1h | 0.05745 | +0.177% | $25K | $14K | 10x | as long as short |
| Coinbase International PNUT-PERP-INTX | +0.1240% | 1h | 0.05769 | +0.593% | $366K | $42K | 50x | as long as short |
Extended PNUT-USD
BloFin PNUT-USDT
Hyperliquid PNUT
Kraken Futures PF_PNUTUSD
Coinbase International PNUT-PERP-INTX