Funding you earn now, next payment 06:00 UTC+0.0654%/8h= +71.6% APRpaid last 24h +0.124%
Price spread now: Hyperliquid against Bitget+0.177%7-day average +0.182% · you sell dearer than you buy
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$790.788% of the position
Funding, last 7 days+0.130%+$13 on $10k
+Price spread, last 7 days−0.055%−$6 · spread now +0.177%, 7d avg +0.182%
=Together, before fees+0.074%+ Points / potential airdropHyperliquid: Season 2 · farm board+$7 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.182%, so right now this pair is about funding alone: +$20 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.130% in total (about 6.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PNUTUSDT | 0.05648 | 0.0100 | pay 0.0050% / 4h | 2h 54m | $787K | $1.1M | 50x |
| Short | Hyperliquid PNUT | 0.05658 | 0.0754 | get 0.0094% / 1h | 54m 23s | $1.6M | $507K | 3x |
Bitget PNUTUSDT
Hyperliquid PNUTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bitget. 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
- $137.36
- Price spread: +0.177% → +0.182%
- −$0.5
- Slippage, 4 orders
- −$57.79
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $58.07
- Costs to cover
- 0.788%
- Break-even
- 4.0 days
Slippage from Bitget: live order book, 2 min ago; Hyperliquid: live order book, 6 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 Bitget live order book, 2 min ago | 7.06 bp | 20.8 bp −$21 | 82.4 bp −$824 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 1.76 bp | 17.1 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
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-SWAP | +0.0081% | 4h | 0.05636 | −0.212% | $1.7M | $6.3M | 20x | as long as short |
| Bybit PNUTUSDT | +0.0089% | 4h | 0.05643 | −0.089% | $2.6M | $1.4M | 50x | as long as short |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05650 | +0.042% | $3K | $19K | 5x | as long as short |
| Binance PNUTUSDT | +0.0100% | 4h | 0.05646 | −0.035% | $5.4M | $10.8M | 50x | as long as short |
| Gate PNUT_USDT | +0.0100% | 4h | 0.05652 | +0.071% | $904K | $1.2M | 50x | as long as short |
| MEXC PNUT_USDT | +0.0100% | 4h | 0.05643 | −0.089% | $1.1M | $429K | 100x | as long as short |
| Bitget PNUTUSDTlong | +0.0100% | 4h | 0.05648 | long leg | $787K | $1.1M | 50x | |
| BingX PNUT-USDT | +0.0100% | 4h | 0.05652 | +0.071% | — | $6.6M | — | as long as short |
| Variational Omni PNUT | +0.0100% | 4h | 0.05667 | +0.328% | $32 | $2K | — | as long as short |
| Extended PNUT-USD | +0.0104% | 1h | 0.05646 | −0.044% | $7K | $79K | 5x | as long as short |
OKX PNUT-USDT-SWAP
Bybit PNUTUSDT
Aster PNUTUSDT
Binance PNUTUSDT
Gate PNUT_USDT
MEXC PNUT_USDT
BingX PNUT-USDT
Variational Omni PNUT
Extended PNUT-USDShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin PNUT-USDT | +0.0126% | 4h | 0.05653 | +0.089% | $294K | $26K | 50x | as long as short |
| KuCoin PNUTUSDTM | +0.0148% | 4h | 0.05659 | +0.195% | $1.1M | $112K | 30x | as long as short |
| Deribit PNUT_USDC-PERPETUAL | +0.0282% | 1h | 0.05647 | −0.018% | $4 | — | 10x | as long as short |
| Hyperliquid PNUTshort | +0.0754% | 1h | 0.05658 | +0.177% | $1.6M | $507K | 3x | |
| Kraken Futures PF_PNUTUSD | +0.0935% | 1h | 0.05665 | +0.309% | $24K | $14K | 10x | as long as short |
| Coinbase International PNUT-PERP-INTX | +0.1472% | 1h | 0.05735 | +1.540% | $364K | $40K | 50x | as long as short |
BloFin PNUT-USDT
KuCoin PNUTUSDTM
Deribit PNUT_USDC-PERPETUAL
Kraken Futures PF_PNUTUSD
Coinbase International PNUT-PERP-INTX