PNUT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0139%/8h= +15.2% APRnext payment +$0.69 per $10,000 · paid last 24h +0.006%

Price spread now: Bitget against OKX−0.018%7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$790.791% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 7 days+0.018%+$2 · spread now −0.018%, 7d avg +0.008%

Together, before fees+0.084%+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.026% cheaper against OKX than usual: you would sell low and buy high (spread −0.018% now, against its 7-day average of +0.008%). If the spread goes back, that is −$3 on $10k: about 15 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.066% in total) that is about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PNUT-USDT-SWAP	0.05612	−0.0039	get 0.0019% / 4h	2h 40m	$1.6M	$6.3M	20x
Short	Bitget PNUTUSDT	0.05611	0.0100	get 0.0050% / 4h	2h 40m	$780K	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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 OKXbpFee BitgetbpOrdersPrice spread, now −0.018%Rate

Funding earned: $29.18
Price spread: −0.018% → +0.008%: −$2.57
Slippage, 4 orders: −$57.14
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$52.53
Costs to cover: 0.791%
Break-even: 19.6 days

Slippage from OKX: live order book, 3 min ago; Bitget: 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 OKX live order book, 3 min ago	2.67 bp	22.1 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	4.45 bp	18.4 bp −$18	60.4 bp −$604	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-SWAPlong	−0.0039%	4h	0.05612	long leg	$1.6M	$6.3M	20x
BloFin PNUT-USDT	−0.0026%	4h	0.05621	+0.160%	$289K	$26K	50x	as long as short
Bybit PNUTUSDT	+0.0010%	4h	0.05604	−0.143%	$2.6M	$1.5M	50x	as long as short
Aster PNUTUSDT	+0.0100%	4h	0.05611	−0.012%	$3K	$19K	5x	as long as short
Binance PNUTUSDT	+0.0100%	4h	0.05615	+0.057%	$5.4M	$10.8M	50x	as long as short
Gate PNUT_USDT	+0.0100%	4h	0.05616	+0.071%	$898K	$1.2M	50x	as long as short
MEXC PNUT_USDT	+0.0100%	4h	0.05614	+0.036%	$1.1M	$433K	100x	as long as short
Bitget PNUTUSDTshort	+0.0100%	4h	0.05611	−0.018%	$780K	$1.2M	50x
BingX PNUT-USDT	+0.0100%	4h	0.05615	+0.053%	—	$6.6M	—	as long as short
Variational Omni PNUT	+0.0100%	4h	0.05617	+0.091%	$32	$2K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended PNUT-USD	+0.0104%	1h	0.05612	0.000%	$7K	$79K	5x	as long as short
KuCoin PNUTUSDTM	+0.0182%	4h	0.05623	+0.196%	$1.1M	$112K	30x	as long as short
Deribit PNUT_USDC-PERPETUAL	+0.0284%	1h	0.05619	+0.125%	$4	—	10x	as long as short
Hyperliquid PNUT	+0.0890%	1h	0.05627	+0.267%	$1.6M	$510K	3x	as long as short
Kraken Futures PF_PNUTUSD	+0.0941%	1h	0.05634	+0.392%	$24K	$13K	10x	as long as short
Coinbase International PNUT-PERP-INTX	+0.1472%	1h	0.05735	+2.192%	$364K	$40K	50x	as long as short