Which exchange has the highest PNUT funding rate right now?

Coinbase International shows the highest PNUT funding at +1768.10% annualized. A high positive rate means shorts get paid, so this is the venue to short PNUT when running a funding-arbitrage pair. Rates change every settlement window — check the live screener for the current value.

Which exchange is best to long PNUT for funding?

Crypto.com has the lowest PNUT funding at -101.55% annualized, which makes the long leg cheapest (or paid). Pair it with the highest-funding venue to capture the spread delta-neutral.

What is the best PNUT funding-arbitrage pair?

The widest spread is long Crypto.com / short Coinbase International at about 1869.7% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

How often does PNUT funding settle?

PNUT funding settles on different schedules by venue (1h, 4h). Longer intervals concentrate the same annualized rate into fewer, larger payments. ORBIT normalizes every venue to a common APR so they are directly comparable.

Is PNUT funding positive or negative?

PNUT funding is mixed across venues, ranging -101.55% to +1768.10% APR — which is exactly what creates the cross-exchange arbitrage opportunity.

What is the current PNUT perpetual swap funding rate?

The current PNUT perpetual swap funding rate ranges from -101.55% to +1768.10% annualized depending on the exchange — Crypto.com is lowest and Coinbase International is highest right now. There is no single PNUT funding rate: every venue runs its own funding formula and order book, which is why the rate has to be read by exchange rather than as one number.

What is the aggregated PNUT funding rate across exchanges?

Aggregated across the 23 venues ORBIT tracks, PNUT funding currently spans -101.55% to +1768.10% APR, a spread of 1869.7 percentage points. An aggregated average hides the part that matters for trading — the gap between the cheapest and dearest venue — so the table above lists each exchange separately.

How do I read the PNUT 8h funding rate versus the annualized rate?

PNUT does not settle on an 8-hour schedule on the venues tracked here. Because intervals differ by exchange, comparing raw per-payment rates is misleading; ORBIT normalizes each venue to annualized APR so the numbers are directly comparable.

PNUT Perpetual Swap Funding Rate by Exchange

Peanut the Squirrel

#299 by OI

View settled funding history →Backtest Best Pair →

Best Spread

1869.7% APR

Long (Lowest)

Crypto.com

Short (Highest)

Coinbase International

Mark Price

$0.055

Total OI

$18.0M

24h Volume

$18.6M

How PNUT funding actually paid this week

Top pairs by funding actually paid over the last 7 days on a $10,000 position, after entry and exit costs — not the instant APR.

Over the last week no PNUT long/short pair paid enough funding to cover its entry and exit costs.

Past 7 days, not a forecast. Costs = taker fees on both venues, in and out. Upcoming payouts →

Funding Rates by Exchange

Sort

Coinbase InternationalBest Short

+1768.10%

Interval

Open Interest

$326K

Mark Price

$0.0576

Extended

+11.40%

Interval

Open Interest

$4K

Mark Price

$0.0549

WEEX

+11.01%

Interval

Open Interest

—

Mark Price

$0.0548

Binance Futures

+10.96%

Interval

Open Interest

$4.7M

Mark Price

$0.0549

OKX

+10.96%

Interval

Open Interest

$1.4M

Mark Price

$0.0548

Hyperliquid

+10.96%

Interval

Open Interest

$787K

Mark Price

$0.055

BingX

+10.96%

Interval

Open Interest

$2.9M

Mark Price

$0.0549

Bitget

+10.96%

Interval

Open Interest

$762K

Mark Price

$0.0549

Gate.io

+10.96%

Interval

Open Interest

$500K

Mark Price

$0.0549

KuCoin

+10.96%

Interval

Open Interest

$1.0M

Mark Price

$0.055

MEXC

+10.96%

Interval

Open Interest

$976K

Mark Price

$0.0549

Aster

+10.96%

Interval

Open Interest

$5K

Mark Price

$0.0549

Variational

+10.96%

Interval

Open Interest

$1K

Mark Price

$0.0548

Toobit

+10.96%

Interval

Open Interest

$197K

Mark Price

$0.0549

Bitunix

+10.96%

Interval

Open Interest

—

Mark Price

$0.0548

Hotcoin

+10.96%

Interval

Open Interest

$337K

Mark Price

$0.0549

Pionex

+10.96%

Interval

Open Interest

$24K

Mark Price

$0.0549

LBank

+10.96%

Interval

Open Interest

—

Mark Price

$0.0549

dreamcash

+10.96%

Interval

Open Interest

$787K

Mark Price

$0.055

Ventuals

+10.96%

Interval

Open Interest

$787K

Mark Price

$0.055

BloFin

+9.47%

Interval

Open Interest

$292K

Mark Price

$0.0549

Bybit

+2.91%

Interval

Open Interest

$2.1M

Mark Price

$0.0549

Crypto.comBest Long

-101.55%

Interval

Open Interest

$10K

Mark Price

$0.0549

Funding Rates by Exchange

Exchange	Funding APR↓	Interval	Open Interest↕	Mark Price↕
Coinbase InternationalBest Short	+1768.10%	1h	$326K	$0.0576
Extended	+11.40%	1h	$4K	$0.0549
WEEX	+11.01%	4h	—	$0.0548
Binance Futures	+10.96%	4h	$4.7M	$0.0549
OKX	+10.96%	4h	$1.4M	$0.0548
Hyperliquid	+10.96%	1h	$787K	$0.055
BingX	+10.96%	4h	$2.9M	$0.0549
Bitget	+10.96%	4h	$762K	$0.0549
Gate.io	+10.96%	4h	$500K	$0.0549
KuCoin	+10.96%	4h	$1.0M	$0.055
MEXC	+10.96%	4h	$976K	$0.0549
Aster	+10.96%	4h	$5K	$0.0549
Variational	+10.96%	4h	$1K	$0.0548
Toobit	+10.96%	4h	$197K	$0.0549
Bitunix	+10.96%	4h	—	$0.0548
Hotcoin	+10.96%	4h	$337K	$0.0549
Pionex	+10.96%	4h	$24K	$0.0549
LBank	+10.96%	4h	—	$0.0549
dreamcash	+10.96%	1h	$787K	$0.055
Ventuals	+10.96%	1h	$787K	$0.055
BloFin	+9.47%	4h	$292K	$0.0549
Bybit	+2.91%	4h	$2.1M	$0.0549
Crypto.comBest Long	-101.55%	1h	$10K	$0.0549

PNUT Perpetual Swap Funding Rate by Exchange

Peanut the Squirrel

#299 by OI

View settled funding history →Backtest Best Pair →

Best Spread

1869.7% APR

Long (Lowest)

Crypto.com

Short (Highest)

Coinbase International

Mark Price

$0.055

Total OI

$18.0M

24h Volume

$18.6M

How PNUT funding actually paid this week

Top pairs by funding actually paid over the last 7 days on a $10,000 position, after entry and exit costs — not the instant APR.

Over the last week no PNUT long/short pair paid enough funding to cover its entry and exit costs.

Past 7 days, not a forecast. Costs = taker fees on both venues, in and out. Upcoming payouts →

Funding Rates by Exchange

Sort

Coinbase InternationalBest Short

+1768.10%

Interval

Open Interest

$326K

Mark Price

$0.0576

Extended

+11.40%

Interval

Open Interest

$4K

Mark Price

$0.0549

WEEX

+11.01%

Interval

Open Interest

—

Mark Price

$0.0548

Binance Futures

+10.96%

Interval

Open Interest

$4.7M

Mark Price

$0.0549

OKX

+10.96%

Interval

Open Interest

$1.4M

Mark Price

$0.0548

Hyperliquid

+10.96%

Interval

Open Interest

$787K

Mark Price

$0.055

BingX

+10.96%

Interval

Open Interest

$2.9M

Mark Price

$0.0549

Bitget

+10.96%

Interval

Open Interest

$762K

Mark Price

$0.0549

Gate.io

+10.96%

Interval

Open Interest

$500K

Mark Price

$0.0549

KuCoin

+10.96%

Interval

Open Interest

$1.0M

Mark Price

$0.055

MEXC

+10.96%

Interval

Open Interest

$976K

Mark Price

$0.0549

Aster

+10.96%

Interval

Open Interest

$5K

Mark Price

$0.0549

Variational

+10.96%

Interval

Open Interest

$1K

Mark Price

$0.0548

Toobit

+10.96%

Interval

Open Interest

$197K

Mark Price

$0.0549

Bitunix

+10.96%

Interval

Open Interest

—

Mark Price

$0.0548

Hotcoin

+10.96%

Interval

Open Interest

$337K

Mark Price

$0.0549

Pionex

+10.96%

Interval

Open Interest

$24K

Mark Price

$0.0549

LBank

+10.96%

Interval

Open Interest

—

Mark Price

$0.0549

dreamcash

+10.96%

Interval

Open Interest

$787K

Mark Price

$0.055

Ventuals

+10.96%

Interval

Open Interest

$787K

Mark Price

$0.055

BloFin

+9.47%

Interval

Open Interest

$292K

Mark Price

$0.0549

Bybit

+2.91%

Interval

Open Interest

$2.1M

Mark Price

$0.0549

Crypto.comBest Long

-101.55%

Interval

Open Interest

$10K

Mark Price

$0.0549

Funding Rates by Exchange

Exchange	Funding APR↓	Interval	Open Interest↕	Mark Price↕
Coinbase InternationalBest Short	+1768.10%	1h	$326K	$0.0576
Extended	+11.40%	1h	$4K	$0.0549
WEEX	+11.01%	4h	—	$0.0548
Binance Futures	+10.96%	4h	$4.7M	$0.0549
OKX	+10.96%	4h	$1.4M	$0.0548
Hyperliquid	+10.96%	1h	$787K	$0.055
BingX	+10.96%	4h	$2.9M	$0.0549
Bitget	+10.96%	4h	$762K	$0.0549
Gate.io	+10.96%	4h	$500K	$0.0549
KuCoin	+10.96%	4h	$1.0M	$0.055
MEXC	+10.96%	4h	$976K	$0.0549
Aster	+10.96%	4h	$5K	$0.0549
Variational	+10.96%	4h	$1K	$0.0548
Toobit	+10.96%	4h	$197K	$0.0549
Bitunix	+10.96%	4h	—	$0.0548
Hotcoin	+10.96%	4h	$337K	$0.0549
Pionex	+10.96%	4h	$24K	$0.0549
LBank	+10.96%	4h	—	$0.0549
dreamcash	+10.96%	1h	$787K	$0.055
Ventuals	+10.96%	1h	$787K	$0.055
BloFin	+9.47%	4h	$292K	$0.0549
Bybit	+2.91%	4h	$2.1M	$0.0549
Crypto.comBest Long	-101.55%	1h	$10K	$0.0549

PNUT funding rates explained

Funding data updated 16:00 UTC, 2026-09-30

PNUT (Peanut the Squirrel) perpetual futures funding rates — also called perpetual swap funding rates — are aggregated live by exchange across 23 venues on ORBIT. Funding is the recurring payment exchanged between long and short traders that keeps a perpetual swap tethered to the spot price — when it is positive, longs pay shorts; when negative, shorts pay longs. Right now PNUT funding ranges from -101.55% annualized on Crypto.com to +1768.10% on Coinbase International.

The widest cross-exchange funding spread for PNUT is currently 1869.7% APR. A delta-neutral funding trade captures this gap by going long on Crypto.com — where funding is lowest, so the long leg is paid or pays the least — and short on Coinbase International, where funding is highest, so the short leg collects. Because the two legs are equal and opposite, the asset's price moves cancel out and what is left is the funding spread. ORBIT's backtester replays the real funding history of both legs and subtracts live taker fees and order-book slippage, so the result is net PnL, not a headline number.

PNUT ranks #299 by open interest among tracked perpetual assets, total open interest across covered venues is $18.0M, 24h volume is $18.6M, the volume-weighted mark price is $0.055. Deeper liquidity means a funding spread can be traded at larger size with lower slippage — use the Min OI filter on the screener to surface only markets you can realistically enter and exit.

Frequently asked questions

Which exchange has the highest PNUT funding rate right now?: Coinbase International shows the highest PNUT funding at +1768.10% annualized. A high positive rate means shorts get paid, so this is the venue to short PNUT when running a funding-arbitrage pair. Rates change every settlement window — check the live screener for the current value.
Which exchange is best to long PNUT for funding?: Crypto.com has the lowest PNUT funding at -101.55% annualized, which makes the long leg cheapest (or paid). Pair it with the highest-funding venue to capture the spread delta-neutral.
What is the best PNUT funding-arbitrage pair?