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: Bybit against MEXC−0.071%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$770.775% of the position
Funding, last 7 days+0.001%$0 on $10k
+Price spread, last 7 days+0.093%+$9 · spread now −0.071%, 7d avg −0.006%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.065% cheaper against MEXC than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.006%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PNUT_USDT | 0.05654 | 0.0100 | pay 0.0050% / 4h | 1h 16m | $1.2M | $403K | 100x |
| Short | Bybit PNUTUSDT | 0.05650 | 0.0100 | get 0.0050% / 4h | 1h 16m | $2.6M | $1.3M | 50x |
MEXC PNUT_USDT
Bybit PNUTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0
- Price spread: −0.071% → −0.006%
- −$6.49
- Slippage, 4 orders
- −$62.47
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$83.96
- Costs to cover
- 0.775%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 5 min ago; Bybit: 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 MEXC live order book, 5 min ago | 0.88 bp | 6.0 bp −$6 | 18.2 bp −$182 | 113.7 bp −$11.4K | 273.0 bp −$136.5K |
| Sell Bybit live order book, 1 min ago | 3.54 bp | 29.6 bp −$30 | 345.1 bp −$3,451 | 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 | −0.0032% | 4h | 0.05653 | −0.018% | $1.7M | $5.8M | 20x | as long as short |
| BloFin PNUT-USDT | +0.0077% | 4h | 0.05666 | +0.212% | $220K | $26K | 50x | as long as short |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05654 | −0.004% | $3K | $18K | 5x | as long as short |
| Binance PNUTUSDT | +0.0100% | 4h | 0.05656 | +0.038% | $5.3M | $10.0M | 50x | as long as short |
| Bybit PNUTUSDTshort | +0.0100% | 4h | 0.05650 | −0.071% | $2.6M | $1.3M | 50x | |
| Gate PNUT_USDT | +0.0100% | 4h | 0.05662 | +0.141% | $901K | $1.1M | 50x | as long as short |
| MEXC PNUT_USDTlong | +0.0100% | 4h | 0.05654 | long leg | $1.2M | $403K | 100x | |
| Bitget PNUTUSDT | +0.0100% | 4h | 0.05652 | −0.035% | $767K | $1.1M | 50x | as long as short |
| BingX PNUT-USDC | +0.0100% | 4h | 0.05654 | 0.000% | — | $6.5M | — | as long as short |
| Variational Omni PNUT | +0.0100% | 4h | 0.05662 | +0.149% | $32 | $3K | — | as long as short |
OKX PNUT-USDT-SWAP
BloFin PNUT-USDT
Aster PNUTUSDT
Binance PNUTUSDT
Gate PNUT_USDT
Bitget PNUTUSDT
BingX PNUT-USDC
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 | 0.05654 | +0.008% | $6K | $139K | 5x | as long as short |
| KuCoin PNUTUSDTM | +0.0152% | 4h | 0.05664 | +0.177% | $1.1M | $122K | 30x | as long as short |
| Deribit PNUT_USDC-PERPETUAL | +0.0281% | 1h | 0.05657 | +0.053% | $4 | — | 10x | as long as short |
| Kraken Futures PF_PNUTUSD | +0.0378% | 1h | 0.05662 | +0.150% | $24K | $14K | 10x | as long as short |
| Hyperliquid PNUT | +0.0781% | 1h | 0.05667 | +0.230% | $1.6M | $480K | 3x | as long as short |
| Coinbase International PNUT-PERP-INTX | +0.1256% | 1h | 0.05660 | +0.106% | $359K | $53K | 50x | as long as short |
Extended PNUT-USD
KuCoin PNUTUSDTM
Deribit PNUT_USDC-PERPETUAL
Kraken Futures PF_PNUTUSD
Hyperliquid PNUT
Coinbase International PNUT-PERP-INTX