Funding you earn now, next payment 10:00 UTC+0.0486%/8h= +53.2% APRpaid last 24h +0.165%
Price spread now: Hyperliquid against BloFin+0.070%67s7-day average +0.261% · you sell dearer than you buy
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1041.044% of the position
Funding, last 7 days+0.208%+$21 on $10k
+Price spread, last 4 days (all we have)+0.276%+$28 · spread now +0.070%, 7d avg +0.261%
=Together, before fees+0.484%+ Points / potential airdropHyperliquid: Season 2 · farm board+$48 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.191% cheaper against BloFin than usual: you would sell low and buy high (spread +0.070% now, against its 7-day average of +0.261%). If the spread goes back, that is −$19 on $10k: about 31 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.208% in total) that is about 6.4 days. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.208% in total (about 10.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PNUT-USDT | 0.05732 | −0.0003 | get 0.0001% / 4h | 2h 21m | $296K | $27K | 50x |
| Short | Hyperliquid PNUT | 0.05736 | 0.0483 | get 0.0060% / 1h | 21m 54s | $1.7M | $572K | 3x |
BloFin PNUT-USDT
Hyperliquid PNUTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against BloFin. 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
- $102.07
- Price spread: +0.070% → +0.261%
- −$19.11
- Slippage, 4 orders
- −$83.44
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$21.48
- Costs to cover
- 1.044%
- Break-even
- 8.5 days
Slippage from BloFin: live order book, 25 min ago; Hyperliquid: live order book, 2 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 BloFin live order book, 25 min ago | 1.75 bp | 28.4 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 2 min ago | 1.74 bp | 19.0 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
PNUT on 16 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin PNUT-USDTlong | −0.0003% | 4h | 0.05732 | long leg | $296K | $27K | 50x | |
| Variational Omni PNUT | +0.0031% | 4h | 0.05729 | −0.047% | $283 | $4K | — | as long as short |
| Bybit PNUTUSDT | +0.0048% | 4h | 0.05720 | −0.209% | $2.7M | $1.8M | 50x | as long as short |
| OKX PNUT-USDT-SWAP | +0.0072% | 4h | 0.05724 | −0.140% | $1.8M | $7.0M | 20x | as long as short |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05722 | −0.166% | $3K | $26K | 5x | as long as short |
| Binance PNUTUSDT | +0.0100% | 4h | 0.05727 | −0.085% | $5.6M | $12.3M | 50x | as long as short |
| Gate PNUT_USDT | +0.0100% | 4h | 0.05724 | −0.140% | $916K | $1.3M | 50x | as long as short |
| MEXC PNUT_USDT | +0.0100% | 4h | 0.05725 | −0.122% | $1.1M | $468K | 100x | as long as short |
| Bitget PNUTUSDT | +0.0100% | 4h | 0.05721 | −0.192% | $826K | $1.3M | 50x | as long as short |
| BingX PNUT-USDT | +0.0100% | 4h | 0.05719 | −0.227% | — | $6.6M | — | as long as short |
Variational Omni PNUT
Bybit PNUTUSDT
OKX PNUT-USDT-SWAP
Aster PNUTUSDT
Binance PNUTUSDT
Gate PNUT_USDT
MEXC PNUT_USDT
Bitget PNUTUSDT
BingX PNUT-USDTShow all 16 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended PNUT-USD | +0.0104% | 1h | 0.05722 | −0.170% | $6K | $239K | 5x | as long as short |
| KuCoin PNUTUSDTM | +0.0118% | 4h | 0.05729 | −0.052% | $1.1M | $147K | 30x | as long as short |
| Deribit PNUT_USDC-PERPETUAL | +0.0449% | 1h | 0.05729 | −0.052% | $4 | — | 10x | as long as short |
| Hyperliquid PNUTshort | +0.0483% | 1h | 0.05736 | +0.070% | $1.7M | $572K | 3x | |
| Coinbase International PNUT-PERP-INTX | +0.1528% | 1h | 0.05780 | +0.837% | $367K | $37K | 50x | as long as short |
| Kraken Futures PF_PNUTUSD | +0.2337% | 1h | 0.05727 | −0.088% | $24K | $14K | 10x | as long as short |
Extended PNUT-USD
KuCoin PNUTUSDTM
Deribit PNUT_USDC-PERPETUAL
Coinbase International PNUT-PERP-INTX
Kraken Futures PF_PNUTUSD