Funding arb · Price arb /

PNUT

all PNUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.1013%/8h= +110.9% APRpaid last 24h +0.442%

Price spread now: Kraken Futures against OKX+0.182%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on OKX Short on Kraken Futures

What this pair did over the last

the charts below follow

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 for this trade now. Funding pays +$30 a day on $10k at the current rate, and Kraken Futures is 0.182% dearer against OKX than usual: you sell high and buy low: +$18 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PNUT-USDT-SWAP	0.05772	0.0087	pay 0.0043% / 4h	1h 06m	$1.8M	$6.7M	20x
Short	Kraken Futures PF_PNUTUSD	0.05782	0.1100	get 0.0138% / 1h	6m 52s	$25K	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.182%Rate

Funding earned: $212.78
Price spread: +0.182% → 0.000%: $18.18
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $210.96
Costs to cover: 0.200%
Break-even: 0.1 days

Slippage unknown: OKX: live order book, 1 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 OKX live order book, 1 min ago	0.87 bp	19.6 bp −$20	doesn't fit	doesn't fit	doesn't fit
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 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	+0.0086%	4h	0.05768	−0.069%	$295K	$27K	50x	as long as short
OKX PNUT-USDT-SWAPlong	+0.0087%	4h	0.05772	long leg	$1.8M	$6.7M	20x
Aster PNUTUSDT	+0.0100%	4h	0.05773	+0.015%	$3K	$19K	5x	as long as short
Binance PNUTUSDT	+0.0100%	4h	0.05777	+0.082%	$5.6M	$11.2M	50x	as long as short
Bybit PNUTUSDT	+0.0100%	4h	0.05771	−0.017%	$2.7M	$1.5M	50x	as long as short
Gate PNUT_USDT	+0.0100%	4h	0.05770	−0.035%	$898K	$1.3M	50x	as long as short
MEXC PNUT_USDT	+0.0100%	4h	0.05776	+0.069%	$1.2M	$454K	100x	as long as short
Bitget PNUTUSDT	+0.0100%	4h	0.05773	+0.017%	$788K	$1.2M	50x	as long as short
BingX PNUT-USDC	+0.0100%	4h	0.05771	−0.017%	—	$6.5M	—	as long as short
Variational Omni PNUT	+0.0100%	4h	0.05764	−0.131%	$33	$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	0.05774	+0.040%	$7K	$81K	5x	as long as short
KuCoin PNUTUSDTM	+0.0262%	4h	0.05782	+0.173%	$1.1M	$116K	30x	as long as short
Deribit PNUT_USDC-PERPETUAL	+0.0443%	1h	0.05777	+0.087%	$4	—	10x	as long as short
Hyperliquid PNUT	+0.0728%	1h	0.05788	+0.277%	$1.7M	$515K	3x	as long as short
Kraken Futures PF_PNUTUSDshort	+0.1100%	1h	0.05782	+0.182%	$25K	$13K	10x
Coinbase International PNUT-PERP-INTX	+0.1616%	1h	0.05820	+0.832%	$369K	$42K	50x	as long as short