Funding you earn now, next payment 08:00 UTC−0.0046%/8h= −5.0% APRnext payment −$0.23 per $10,000 · paid last 24h −0.001%
Price spread now: BloFin against MEXC−0.261%49s7-day average −0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$730.734% of the position
Funding, last 7 days−0.013%−$1 on $10k
+Price spread, last 4 days (all we have)+0.160%+$16 · spread now −0.261%, 7d avg −0.057%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.204% cheaper against MEXC than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.057%). Swap the legs. The two prices were read 49 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 | MEXC PNUT_USDT | 0.05740 | 0.0100 | pay 0.0050% / 4h | 1h 58m | $1.1M | $445K | 100x |
| Short | BloFin PNUT-USDT | 0.05725 | 0.0054 | get 0.0027% / 4h | 1h 58m | $289K | $27K | 50x |
MEXC PNUT_USDT
BloFin PNUT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against MEXC. 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
- −$9.67
- Price spread: −0.261% → −0.057%
- −$20.43
- Slippage, 4 orders
- −$57.42
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$103.51
- Costs to cover
- 0.734%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 3 min ago; BloFin: live order book, 26 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 MEXC live order book, 3 min ago | 1.75 bp | 8.2 bp −$8 | 27.5 bp −$275 | 123.3 bp −$12.3K | 266.6 bp −$133.3K |
| Sell BloFin live order book, 26 min ago | 3.57 bp | 33.4 bp −$33 | 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-USDTshort | +0.0054% | 4h | 0.05725 | −0.261% | $289K | $27K | 50x | |
| OKX PNUT-USDT-SWAP | +0.0084% | 4h | 0.05729 | −0.192% | $1.7M | $6.5M | 20x | as long as short |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05733 | −0.114% | $3K | $19K | 5x | as long as short |
| Binance PNUTUSDT | +0.0100% | 4h | 0.05737 | −0.052% | $5.5M | $11.0M | 50x | as long as short |
| Bybit PNUTUSDT | +0.0100% | 4h | 0.05730 | −0.174% | $2.7M | $1.5M | 50x | as long as short |
| Gate PNUT_USDT | +0.0100% | 4h | 0.05724 | −0.279% | $898K | $1.2M | 50x | as long as short |
| MEXC PNUT_USDTlong | +0.0100% | 4h | 0.05740 | long leg | $1.1M | $445K | 100x | |
| Bitget PNUTUSDT | +0.0100% | 4h | 0.05729 | −0.192% | $784K | $1.1M | 50x | as long as short |
| BingX PNUT-USDT | +0.0100% | 4h | 0.05726 | −0.244% | — | $6.6M | — | as long as short |
| Variational Omni PNUT | +0.0100% | 4h | 0.05710 | −0.515% | $33 | $2K | — | as long as short |
OKX PNUT-USDT-SWAP
Aster PNUTUSDT
Binance PNUTUSDT
Bybit PNUTUSDT
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 | 0.05735 | −0.081% | $6K | $81K | 5x | as long as short |
| KuCoin PNUTUSDTM | +0.0300% | 4h | 0.05731 | −0.157% | $1.1M | $113K | 30x | as long as short |
| Deribit PNUT_USDC-PERPETUAL | +0.0622% | 1h | 0.05737 | −0.052% | $4 | — | 10x | as long as short |
| Hyperliquid PNUT | +0.0722% | 1h | 0.05753 | +0.226% | $1.7M | $511K | 3x | as long as short |
| Kraken Futures PF_PNUTUSD | +0.1109% | 1h | 0.05738 | −0.042% | $25K | $13K | 10x | as long as short |
| Coinbase International PNUT-PERP-INTX | +0.1616% | 1h | 0.05762 | +0.383% | $366K | $42K | 50x | as long as short |
Extended PNUT-USD
KuCoin PNUTUSDTM
Deribit PNUT_USDC-PERPETUAL
Hyperliquid PNUT
Kraken Futures PF_PNUTUSD
Coinbase International PNUT-PERP-INTX