Funding you earn now, next payment 04:00 UTC+0.0115%/8h= +12.6% APRnext payment +$0.58 per $10,000 · paid last 24h +0.004%
Price spread now: MEXC against OKX−0.053%7-day average +0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$560.562% of the position
Funding, last 7 days+0.040%+$4 on $10k
+Price spread, last 7 days+0.042%+$4 · spread now −0.053%, 7d avg +0.018%
=Funding pays, the price is against you. MEXC is 0.071% cheaper against OKX than usual: you would sell low and buy high (spread −0.053% now, against its 7-day average of +0.018%). If the spread goes back, that is −$7 on $10k: about 2.1 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.040% in total) that is about 13 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX PNUT-USDT-SWAP | 0.05612 | −0.0015 | get 0.0008% / 4h | 1h 38m | $1.7M | $5.7M | 20x |
| Short | MEXC PNUT_USDT | 0.05609 | 0.0100 | get 0.0050% / 4h | 1h 38m | $1.2M | $396K | 100x |
OKX PNUT-USDT-SWAP
MEXC PNUT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $24.23
- Price spread: −0.053% → +0.018%
- −$7.1
- Slippage, 4 orders
- −$42.22
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$39.09
- Costs to cover
- 0.562%
- Break-even
- 18.3 days
Slippage from OKX: live order book, 4 min ago; MEXC: live order book, 7 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, 4 min ago | 0.89 bp | 21.6 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 7 min ago | 0.89 bp | 6.8 bp −$7 | 20.1 bp −$201 | 115.5 bp −$11.6K | 265.7 bp −$132.8K |
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 | −0.0015% | 4h | 0.05612 | long leg | $1.7M | $5.7M | 20x | |
| Deribit PNUT_USDC-PERPETUAL | 0.0000% | 1h | 0.05607 | −0.089% | $4 | — | 10x | as long as short |
| BloFin PNUT-USDT | +0.0075% | 4h | 0.05621 | +0.160% | $286K | $26K | 50x | as long as short |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05615 | +0.060% | $3K | $18K | 5x | as long as short |
| Binance PNUTUSDT | +0.0100% | 4h | 0.05613 | +0.018% | $5.3M | $10.0M | 50x | as long as short |
| Bybit PNUTUSDT | +0.0100% | 4h | 0.05609 | −0.053% | $2.6M | $1.3M | 50x | as long as short |
| Gate PNUT_USDT | +0.0100% | 4h | 0.05618 | +0.107% | $887K | $1.1M | 50x | as long as short |
| MEXC PNUT_USDTshort | +0.0100% | 4h | 0.05609 | −0.053% | $1.2M | $396K | 100x | |
| Bitget PNUTUSDT | +0.0100% | 4h | 0.05615 | +0.053% | $764K | $1.1M | 50x | as long as short |
| BingX PNUT-USDT | +0.0100% | 4h | 0.05617 | +0.089% | — | $6.6M | — | as long as short |
Deribit PNUT_USDC-PERPETUAL
BloFin PNUT-USDT
Aster PNUTUSDT
Binance PNUTUSDT
Bybit PNUTUSDT
Gate 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 | 0.05622 | +0.176% | $32 | $3K | — | as long as short |
| Extended PNUT-USD | +0.0104% | 1h | 0.05608 | −0.063% | $8K | $143K | 5x | as long as short |
| KuCoin PNUTUSDTM | +0.0160% | 4h | 0.05622 | +0.178% | $1.1M | $123K | 30x | as long as short |
| Kraken Futures PF_PNUTUSD | +0.0381% | 1h | 0.05614 | +0.044% | $24K | $14K | 10x | as long as short |
| Hyperliquid PNUT | +0.0779% | 1h | 0.05623 | +0.196% | $1.6M | $479K | 3x | as long as short |
| Coinbase International PNUT-PERP-INTX | +0.1256% | 1h | 0.05658 | +0.820% | $359K | $53K | 50x | as long as short |
Variational Omni PNUT
Extended PNUT-USD
KuCoin PNUTUSDTM
Kraken Futures PF_PNUTUSD
Hyperliquid PNUT
Coinbase International PNUT-PERP-INTX