Funding you earn now, next payment 12:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.17 per $10,000 · paid last 24h +0.009%
Price spread now: Binance against OKX+0.016%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$690.687% of the position
Funding, last 7 days+0.046%+$5 on $10k
+Price spread, last 7 days+0.002%$0 · spread now +0.016%, 7d avg +0.031%
=The price spread sits at its 7-day average of +0.031%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX PNUT-USDT-SWAP | 0.05833 | 0.0067 | pay 0.0033% / 4h | 3h 40m | $1.8M | $7.2M | 20x |
| Short | Binance PNUTUSDT | 0.05834 | 0.0100 | get 0.0050% / 4h | 3h 40m | $5.8M | $12.0M | 50x |
OKX PNUT-USDT-SWAP
Binance PNUTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against OKX. 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
- $6.98
- Price spread: +0.016% → +0.031%
- −$1.52
- Slippage, 4 orders
- −$48.68
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$63.22
- Costs to cover
- 0.687%
- Break-even
- 70.4 days
Slippage from OKX: live order book, 3 min ago; Binance: live order book, 15 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 OKX live order book, 3 min ago | 0.86 bp | 21.5 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 1.71 bp | 14.5 bp −$14 | 45.8 bp −$458 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit PNUTUSDT | −0.0029% | 4h | 0.05830 | −0.051% | $2.8M | $1.8M | 50x | as long as short |
| BloFin PNUT-USDT | +0.0049% | 4h | 0.05831 | −0.034% | $308K | $28K | 50x | as long as short |
| OKX PNUT-USDT-SWAPlong | +0.0067% | 4h | 0.05833 | long leg | $1.8M | $7.2M | 20x | |
| Deribit PNUT_USDC-PERPETUAL | +0.0093% | 1h | 0.05835 | +0.034% | $4 | — | 10x | as long as short |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05829 | −0.063% | $3K | $21K | 5x | as long as short |
| Binance PNUTUSDTshort | +0.0100% | 4h | 0.05834 | +0.016% | $5.8M | $12.0M | 50x | |
| Gate PNUT_USDT | +0.0100% | 4h | 0.05829 | −0.069% | $914K | $1.3M | 50x | as long as short |
| MEXC PNUT_USDT | +0.0100% | 4h | 0.05829 | −0.069% | $1.2M | $462K | 100x | as long as short |
| Bitget PNUTUSDT | +0.0100% | 4h | 0.05830 | −0.051% | $797K | $1.3M | 50x | as long as short |
| BingX PNUT-USDC | +0.0100% | 4h | 0.05830 | −0.051% | — | $6.5M | — | as long as short |
Bybit PNUTUSDT
BloFin PNUT-USDT
Deribit PNUT_USDC-PERPETUAL
Aster PNUTUSDT
Gate PNUT_USDT
MEXC PNUT_USDT
Bitget PNUTUSDT
BingX PNUT-USDCShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni PNUT | +0.0100% | 4h | 0.05825 | −0.145% | $33 | $2K | — | as long as short |
| Extended PNUT-USD | +0.0104% | 1h | 0.05832 | −0.011% | $8K | $243K | 5x | as long as short |
| KuCoin PNUTUSDTM | +0.0200% | 4h | 0.05837 | +0.069% | $1.2M | $137K | 30x | as long as short |
| Hyperliquid PNUT | +0.0620% | 1h | 0.05852 | +0.326% | $1.7M | $557K | 3x | as long as short |
| Coinbase International PNUT-PERP-INTX | +0.1592% | 1h | 0.05888 | +0.943% | $374K | $44K | 50x | as long as short |
| Kraken Futures PF_PNUTUSD | +0.1879% | 1h | 0.05852 | +0.328% | $26K | $13K | 10x | as long as short |
Variational Omni PNUT
Extended PNUT-USD
KuCoin PNUTUSDTM
Hyperliquid PNUT
Coinbase International PNUT-PERP-INTX
Kraken Futures PF_PNUTUSD