Funding you earn now, next payment 08:00 UTC+0.0024%/8h= +2.7% APRnext payment +$0.12 per $10,000 · paid last 24h +0.006%
Price spread now: Bybit against OKX−0.018%7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$114as in the Price arb table
costs, in and out, $10k−$1111.110% of the position
Funding, last 7 days+0.041%+$4 on $10k
+Price spread, last 7 days+0.025%+$3 · spread now −0.018%, 7d avg +0.011%
=Funding pays, the price is against you. Bybit is 0.029% cheaper against OKX than usual: you would sell low and buy high (spread −0.018% now, against its 7-day average of +0.011%). If the spread goes back, that is −$3 on $10k: about 4.0 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX PNUT-USDT-SWAP | 0.05612 | −0.0040 | get 0.0020% / 4h | 2h 41m | $1.6M | $6.3M | 20x |
| Short | Bybit PNUTUSDT | 0.05611 | −0.0016 | pay 0.0008% / 4h | 2h 41m | $2.6M | $1.5M | 50x |
OKX PNUT-USDT-SWAP
Bybit PNUTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $5.09
- Price spread: −0.018% → +0.011%
- −$2.91
- Slippage, 4 orders
- −$90.04
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$108.87
- Costs to cover
- 1.110%
- Break-even
- 156.8 days
Slippage from OKX: live order book, 2 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 OKX live order book, 2 min ago | 2.67 bp | 22.1 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 3.55 bp | 37.8 bp −$38 | 319.2 bp −$3,192 | 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 | −0.0040% | 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 PNUTUSDTshort | −0.0016% | 4h | 0.05611 | −0.018% | $2.6M | $1.5M | 50x | |
| Deribit PNUT_USDC-PERPETUAL | 0.0000% | 1h | 0.05626 | +0.249% | $4 | — | 10x | as long as short |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05615 | +0.057% | $3K | $19K | 5x | as long as short |
| Binance PNUTUSDT | +0.0100% | 4h | 0.05616 | +0.071% | $5.4M | $10.8M | 50x | as long as short |
| Gate PNUT_USDT | +0.0100% | 4h | 0.05617 | +0.089% | $898K | $1.2M | 50x | as long as short |
| MEXC PNUT_USDT | +0.0100% | 4h | 0.05612 | 0.000% | $1.1M | $431K | 100x | as long as short |
| Bitget PNUTUSDT | +0.0100% | 4h | 0.05620 | +0.143% | $780K | $1.2M | 50x | as long as short |
| BingX PNUT-USDT | +0.0100% | 4h | 0.05619 | +0.125% | — | $6.6M | — | as long as short |
BloFin PNUT-USDT
Deribit PNUT_USDC-PERPETUAL
Aster PNUTUSDT
Binance PNUTUSDT
Gate PNUT_USDT
MEXC PNUT_USDT
Bitget PNUTUSDT
BingX PNUT-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni PNUT | +0.0100% | 4h | 0.05617 | +0.091% | $32 | $2K | — | as long as short |
| Extended PNUT-USD | +0.0104% | 1h | 0.05626 | +0.243% | $7K | $79K | 5x | as long as short |
| KuCoin PNUTUSDTM | +0.0182% | 4h | 0.05628 | +0.285% | $1.1M | $112K | 30x | as long as short |
| Hyperliquid PNUT | +0.0894% | 1h | 0.05630 | +0.321% | $1.6M | $510K | 3x | as long as short |
| Kraken Futures PF_PNUTUSD | +0.0942% | 1h | 0.05628 | +0.277% | $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 |
Variational Omni PNUT
Extended PNUT-USD
KuCoin PNUTUSDTM
Hyperliquid PNUT
Kraken Futures PF_PNUTUSD
Coinbase International PNUT-PERP-INTX