PNUT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0186%/8h= −20.4% APRnext payment −$0.93 per $10,000 · paid last 24h −0.019%

Price spread now: OKX against KuCoin−0.051%7-day average −0.104% · you buy dearer than you sell

Net, funding: paid 7d − costs−$411as in the Funding arb table

Net, price: spread back to 7d avg − costs−$392as in the Price arb table

costs, in and out, $10k−$3973.972% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.140%−$14 on $10k

Price spread, last 7 days+0.011%+$1 · spread now −0.051%, 7d avg −0.104%

Together, before fees−0.130%−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.053% dearer against KuCoin than usual: you sell high and buy low (spread −0.051% now, against its 7-day average of −0.104%): +$5 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 23 hours. At the pace of the last 7 days (−0.140% in total) that is about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PNUTUSDTM	0.05837	0.0286	pay 0.0143% / 4h	22m 49s	$1.2M	$128K	30x
Short	OKX PNUT-USDT-SWAP	0.05834	0.0100	get 0.0050% / 4h	22m 49s	$1.8M	$7.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.051%Rate

Funding earned: −$39.06
Price spread: −0.051% → −0.104%: $5.28
Slippage, 4 orders: −$375.25
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$431.03
Costs to cover: 3.972%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; OKX: 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	20.61 bp	153.0 bp −$153	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.86 bp	23.8 bp −$24	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
BloFin PNUT-USDT	+0.0090%	4h	0.05812	−0.428%	$304K	$27K	50x	as long as short
Aster PNUTUSDT	+0.0100%	4h	0.05831	−0.108%	$3K	$21K	5x	as long as short
Binance PNUTUSDT	+0.0100%	4h	0.05845	+0.133%	$5.8M	$11.7M	50x	as long as short
Bybit PNUTUSDT	+0.0100%	4h	0.05834	−0.051%	$2.7M	$1.7M	50x	as long as short
OKX PNUT-USDT-SWAPshort	+0.0100%	4h	0.05834	−0.051%	$1.8M	$7.0M	20x
Gate PNUT_USDT	+0.0100%	4h	0.05830	−0.120%	$908K	$1.3M	50x	as long as short
MEXC PNUT_USDT	+0.0100%	4h	0.05836	−0.017%	$1.1M	$458K	100x	as long as short
Bitget PNUTUSDT	+0.0100%	4h	0.05836	−0.017%	$804K	$1.2M	50x	as long as short
BingX PNUT-USDC	+0.0100%	4h	0.05834	−0.051%	—	$6.5M	—	as long as short
Variational Omni PNUT	+0.0100%	4h	0.05800	−0.635%	$33	$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	0.05835	−0.042%	$13K	$238K	5x	as long as short
Deribit PNUT_USDC-PERPETUAL	+0.0264%	1h	0.05835	−0.034%	$4	—	10x	as long as short
KuCoin PNUTUSDTMlong	+0.0286%	4h	0.05837	long leg	$1.2M	$128K	30x
Kraken Futures PF_PNUTUSD	+0.0315%	1h	0.05846	+0.159%	$26K	$13K	10x	as long as short
Hyperliquid PNUT	+0.0850%	1h	0.05849	+0.206%	$1.7M	$550K	3x	as long as short
Coinbase International PNUT-PERP-INTX	+0.1600%	1h	0.05851	+0.240%	$371K	$44K	50x	as long as short