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

PNUT

all PNUT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0654%/8h= +71.6% APRpaid last 24h +0.124%
Price spread now: Hyperliquid against Aster+0.135%7-day average · you sell dearer than you buy
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 6 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Hyperliquid is 0.135% dearer against Aster than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster PNUTUSDT0.056500.0100pay 0.0050% / 4h2h 54m$3K$19K5x
ShortHyperliquid PNUT0.056580.0754get 0.0094% / 1h54m 24s$1.6M$507K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Aster. 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
$137.36
Price spread: +0.135% → 0.000%
$13.52
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$133.88
Costs to cover
0.170%
Break-even
0.2 days
Slippage unknown: Aster: no order-book sample; Hyperliquid: live order book, 6 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 Aster no order-book sample
Sell Hyperliquid live order book, 6 min ago1.76 bp17.1 bp −$17doesn't fitdoesn't fitdoesn't fit
Aster: 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+0.0081%4h0.05636−0.254%$1.7M$6.3M20xas long as short
Bybit PNUTUSDT+0.0089%4h0.05643−0.130%$2.6M$1.4M50xas long as short
Aster PNUTUSDTlong+0.0100%4h0.05650long leg$3K$19K5x
Binance PNUTUSDT+0.0100%4h0.05646−0.077%$5.4M$10.8M50xas long as short
Gate PNUT_USDT+0.0100%4h0.05652+0.029%$904K$1.2M50xas long as short
MEXC PNUT_USDT+0.0100%4h0.05643−0.130%$1.1M$429K100xas long as short
Bitget PNUTUSDT+0.0100%4h0.05648−0.042%$787K$1.1M50xas long as short
BingX PNUT-USDT+0.0100%4h0.05652+0.029%$6.6Mas long as short
Variational Omni PNUT+0.0100%4h0.05667+0.286%$32$2Kas long as short
Extended PNUT-USD+0.0104%1h0.05646−0.085%$7K$79K5xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin PNUT-USDT+0.0126%4h0.05653+0.047%$294K$26K50xas long as short
KuCoin PNUTUSDTM+0.0148%4h0.05659+0.153%$1.1M$112K30xas long as short
Deribit PNUT_USDC-PERPETUAL+0.0282%1h0.05647−0.060%$410xas long as short
Hyperliquid PNUTshort+0.0754%1h0.05658+0.135%$1.6M$507K3x
Kraken Futures PF_PNUTUSD+0.0935%1h0.05665+0.268%$24K$14K10xas long as short
Coinbase International PNUT-PERP-INTX+0.1472%1h0.05735+1.498%$364K$40K50xas long as short