Funding arb · Price arb /

PNUT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against MEXC+0.078%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Aster

What this pair did over the last

the charts below follow

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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.078% dearer against MEXC than usual: you sell high and buy low, +$8 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PNUT_USDT	0.05628	0.0100	pay 0.0050% / 4h	30m 23s	$1.2M	$408K	100x
Short	Aster PNUTUSDT	0.05632	0.0100	get 0.0050% / 4h	30m 23s	$3K	$18K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against MEXC. 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 MEXCbpFee AsterbpOrdersPrice spread, now +0.078%Rate

Funding earned: $0
Price spread: +0.078% → 0.000%: $7.79
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Aster: 4 bp × 2 orders: −$8
Net: −$4.21
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 1 min ago; Aster: 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 MEXC live order book, 1 min ago	0.89 bp	5.6 bp −$6	14.7 bp −$147	117.4 bp −$11.7K	269.5 bp −$134.7K
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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	+0.0050%	4h	0.05627	−0.018%	$1.6M	$6.0M	20x	as long as short
Aster PNUTUSDTshort	+0.0100%	4h	0.05632	+0.078%	$3K	$18K	5x
Binance PNUTUSDT	+0.0100%	4h	0.05630	+0.039%	$5.3M	$10.0M	50x	as long as short
Bybit PNUTUSDT	+0.0100%	4h	0.05627	−0.018%	$2.6M	$1.3M	50x	as long as short
Gate PNUT_USDT	+0.0100%	4h	0.05631	+0.053%	$892K	$1.1M	50x	as long as short
MEXC PNUT_USDTlong	+0.0100%	4h	0.05628	long leg	$1.2M	$408K	100x
Bitget PNUTUSDT	+0.0100%	4h	0.05620	−0.142%	$765K	$1.0M	50x	as long as short
BingX PNUT-USDC	+0.0100%	4h	0.05631	+0.053%	—	$6.5M	—	as long as short
Variational Omni PNUT	+0.0100%	4h	0.05622	−0.115%	$32	$2K	—	as long as short
Extended PNUT-USD	+0.0104%	1h	0.05629	+0.011%	$6K	$142K	5x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin PNUT-USDT	+0.0147%	4h	0.05622	−0.107%	$284K	$25K	50x	as long as short
KuCoin PNUTUSDTM	+0.0264%	4h	0.05637	+0.160%	$1.1M	$119K	30x	as long as short
Deribit PNUT_USDC-PERPETUAL	+0.0816%	1h	0.05634	+0.107%	$4	—	10x	as long as short
Kraken Futures PF_PNUTUSD	+0.0860%	1h	0.05647	+0.331%	$24K	$14K	10x	as long as short
Coinbase International PNUT-PERP-INTX	+0.1128%	1h	0.05652	+0.426%	$359K	$53K	50x	as long as short
Hyperliquid PNUT	+0.1183%	1h	0.05639	+0.195%	$1.6M	$484K	3x	as long as short