Funding you earn now, next payment 12:00 UTC−0.0150%/8h= −16.5% APRpaid last 24h +0.462%
Price spread now: Kraken Futures against MEXC−0.034%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Kraken Futures is 0.034% cheaper against MEXC than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PNUT_USDT | 0.05640 | 0.0100 | pay 0.0050% / 4h | 51m 22s | $1.1M | $446K | 100x |
| Short | Kraken Futures PF_PNUTUSD | 0.05638 | −0.0050 | pay 0.0006% / 1h | 51m 22s | $24K | $13K | 10x |
MEXC PNUT_USDT
Kraken Futures PF_PNUTUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$31.57
- Price spread: −0.034% → 0.000%
- −$3.4
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$48.98
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: MEXC: live order book, 3 min ago; Kraken Futures: 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, 3 min ago | 1.77 bp | 6.0 bp −$6 | 23.5 bp −$235 | 128.8 bp −$12.9K | 270.2 bp −$135.1K |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Kraken Futures: 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PNUTUSDshort | −0.0050% | 1h | 0.05638 | −0.034% | $24K | $13K | 10x | |
| OKX PNUT-USDT-SWAP | −0.0028% | 4h | 0.05632 | −0.142% | $1.7M | $6.7M | 20x | as long as short |
| BloFin PNUT-USDT | −0.0007% | 4h | 0.05653 | +0.230% | $293K | $26K | 50x | as long as short |
| Bybit PNUTUSDT | −0.0007% | 4h | 0.05636 | −0.071% | $2.7M | $1.8M | 50x | as long as short |
| Variational Omni PNUT | +0.0040% | 4h | 0.05645 | +0.089% | $107 | $4K | — | as long as short |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05641 | +0.015% | $3K | $26K | 5x | as long as short |
| Binance PNUTUSDT | +0.0100% | 4h | 0.05641 | +0.016% | $5.5M | $11.9M | 50x | as long as short |
| Gate PNUT_USDT | +0.0100% | 4h | 0.05645 | +0.089% | $922K | $1.3M | 50x | as long as short |
| MEXC PNUT_USDTlong | +0.0100% | 4h | 0.05640 | long leg | $1.1M | $446K | 100x | |
| KuCoin PNUTUSDTM | +0.0100% | 4h | 0.05645 | +0.089% | $1.1M | $144K | 30x | as long as short |
OKX PNUT-USDT-SWAP
BloFin PNUT-USDT
Bybit PNUTUSDT
Variational Omni PNUT
Aster PNUTUSDT
Binance PNUTUSDT
Gate PNUT_USDT
KuCoin PNUTUSDTMShow all 16 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PNUTUSDT | +0.0100% | 4h | 0.05638 | −0.035% | $770K | $1.2M | 50x | as long as short |
| BingX PNUT-USDC | +0.0100% | 4h | 0.05638 | −0.035% | — | $6.5M | — | as long as short |
| Extended PNUT-USD | +0.0104% | 1h | 0.05640 | 0.000% | $7K | $240K | 5x | as long as short |
| Deribit PNUT_USDC-PERPETUAL | +0.0105% | 1h | 0.05639 | −0.018% | $99 | $100 | 10x | as long as short |
| Hyperliquid PNUT | +0.0536% | 1h | 0.05653 | +0.230% | $1.6M | $550K | 3x | as long as short |
| Coinbase International PNUT-PERP-INTX | +0.1536% | 1h | 0.05716 | +1.348% | $363K | $54K | 50x | as long as short |
Bitget PNUTUSDT
BingX PNUT-USDC
Extended PNUT-USD
Deribit PNUT_USDC-PERPETUAL
Hyperliquid PNUT
Coinbase International PNUT-PERP-INTX