Funding you earn now, next payment 08:00 UTC+0.0109%/8h= +11.9% APRnext payment +$0.54 per $10,000 · paid last 24h +0.006%
Price spread now: Gate against OKX+0.267%7-day average +0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$1101.097% of the position
Funding, last 7 days+0.056%+$6 on $10k
+Price spread, last 7 days−0.204%−$20 · spread now +0.267%, 7d avg +0.064%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Gate is 0.202% dearer against OKX than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.064%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX PNUT-USDT-SWAP | 0.05626 | −0.0009 | get 0.0004% / 4h | 2h 42m | $1.7M | $6.3M | 20x |
| Short | Gate PNUT_USDT | 0.05641 | 0.0100 | get 0.0050% / 4h | 2h 42m | $902K | $1.2M | 50x |
OKX PNUT-USDT-SWAP
Gate PNUT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $22.87
- Price spread: +0.267% → +0.064%
- $20.24
- Slippage, 4 orders
- −$84.69
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$66.58
- Costs to cover
- 1.097%
- Break-even
- 27.4 days
Slippage from OKX: live order book, 5 min ago; Gate: live order book, 4 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, 5 min ago | 1.77 bp | 22.6 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 3.54 bp | 22.1 bp −$22 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin PNUT-USDT | −0.0062% | 4h | 0.05628 | +0.036% | $288K | $26K | 50x | as long as short |
| Bybit PNUTUSDT | −0.0028% | 4h | 0.05631 | +0.089% | $2.6M | $1.5M | 50x | as long as short |
| OKX PNUT-USDT-SWAPlong | −0.0009% | 4h | 0.05626 | long leg | $1.7M | $6.3M | 20x | |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05639 | +0.222% | $3K | $19K | 5x | as long as short |
| Binance PNUTUSDT | +0.0100% | 4h | 0.05637 | +0.188% | $5.4M | $10.8M | 50x | as long as short |
| Gate PNUT_USDTshort | +0.0100% | 4h | 0.05641 | +0.267% | $902K | $1.2M | 50x | |
| MEXC PNUT_USDT | +0.0100% | 4h | 0.05632 | +0.107% | $1.1M | $431K | 100x | as long as short |
| Bitget PNUTUSDT | +0.0100% | 4h | 0.05642 | +0.284% | $784K | $1.2M | 50x | as long as short |
| BingX PNUT-USDC | +0.0100% | 4h | 0.05634 | +0.142% | — | $6.5M | — | as long as short |
| Variational Omni PNUT | +0.0100% | 4h | 0.05642 | +0.276% | $32 | $2K | — | as long as short |
BloFin PNUT-USDT
Bybit PNUTUSDT
Aster PNUTUSDT
Binance PNUTUSDT
MEXC 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 | 0.05634 | +0.135% | $7K | $79K | 5x | as long as short |
| KuCoin PNUTUSDTM | +0.0178% | 4h | 0.05639 | +0.231% | $1.1M | $112K | 30x | as long as short |
| Deribit PNUT_USDC-PERPETUAL | +0.0460% | 1h | 0.05638 | +0.213% | $4 | — | 10x | as long as short |
| Hyperliquid PNUT | +0.0910% | 1h | 0.05650 | +0.427% | $1.6M | $509K | 3x | as long as short |
| Kraken Futures PF_PNUTUSD | +0.0939% | 1h | 0.05641 | +0.262% | $24K | $13K | 10x | as long as short |
| Coinbase International PNUT-PERP-INTX | +0.1472% | 1h | 0.05735 | +1.937% | $364K | $40K | 50x | as long as short |
Extended PNUT-USD
KuCoin PNUTUSDTM
Deribit PNUT_USDC-PERPETUAL
Hyperliquid PNUT
Kraken Futures PF_PNUTUSD
Coinbase International PNUT-PERP-INTX