Settings8H · net · $10k
Funding arb · Price arb /

PNUT

all PNUT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.1156%/8h= +126.6% APRpaid last 24h +0.330%
Price spread now: Coinbase International against Variational Omni−0.043%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Funding pays, the price is against you. Coinbase International is 0.043% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.043% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 3 hours of funding at the current rate (+$35 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni PNUT0.056620.0100pay 0.0050% / 4h1h 18m$32$3K
ShortCoinbase International PNUT-PERP-INTX0.056600.1256get 0.0157% / 1h18m 16s$359K$53K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Variational Omni. 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

Funding earned
$242.76
Price spread: −0.043% → 0.000%
−$4.33
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$228.43
Costs to cover
0.100%
Break-even
0.4 days
Slippage unknown: Variational Omni: no order-book sample; Coinbase International: live order book, 45 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni no order-book sample
Sell Coinbase International live order book, 45 min ago14.12 bp27.0 bp −$27doesn't fitdoesn't fitdoesn't fit
Variational Omni: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX PNUT-USDT-SWAP−0.0031%4h0.05643−0.344%$1.7M$5.8M20xas long as short
Deribit PNUT_USDC-PERPETUAL0.0000%1h0.05649−0.238%$410xas long as short
Aster PNUTUSDT+0.0100%4h0.05661−0.021%$3K$18K5xas long as short
Binance PNUTUSDT+0.0100%4h0.05653−0.170%$5.3M$10.0M50xas long as short
Bybit PNUTUSDT+0.0100%4h0.05651−0.202%$2.6M$1.3M50xas long as short
Gate PNUT_USDT+0.0100%4h0.05660−0.043%$900K$1.1M50xas long as short
MEXC PNUT_USDT+0.0100%4h0.05659−0.061%$1.2M$402K100xas long as short
Bitget PNUTUSDT+0.0100%4h0.05648−0.255%$767K$1.1M50xas long as short
BingX PNUT-USDC+0.0100%4h0.05661−0.026%$6.5Mas long as short
Variational Omni PNUTlong+0.0100%4h0.05662long leg$32$3K
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended PNUT-USD+0.0104%1h0.05651−0.198%$6K$139K5xas long as short
BloFin PNUT-USDT+0.0147%4h0.05666+0.063%$287K$26K50xas long as short
KuCoin PNUTUSDTM+0.0152%4h0.05663+0.010%$1.1M$122K30xas long as short
Kraken Futures PF_PNUTUSD+0.0378%1h0.05654−0.153%$24K$14K10xas long as short
Hyperliquid PNUT+0.0780%1h0.05667+0.080%$1.6M$480K3xas long as short
Coinbase International PNUT-PERP-INTXshort+0.1256%1h0.05660−0.043%$359K$53K50x