PNUT

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0315%/8h= +34.5% APRnext payment +$0.39 per $10,000 · paid last 24h +0.121%

Price spread now: Hyperliquid against Deribit+0.159%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Hyperliquid is 0.159% dearer against Deribit than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit PNUT_USDC-PERPETUAL	0.05659	0.0457	pay 0.0057% / 1h	22m 10s	$4	—	10x
Short	Hyperliquid PNUT	0.05668	0.0772	get 0.0097% / 1h	22m 10s	$1.6M	$480K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Deribit. 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

Position, each leg$Hold fordaysFee DeribitbpFee HyperliquidbpOrdersPrice spread, now +0.159%Rate

Funding earned: $66.17
Price spread: +0.159% → 0.000%: $15.9
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $66.08
Costs to cover: 0.160%
Break-even: 0.0 days

Slippage unknown: Deribit: no order-book sample; Hyperliquid: live order book, 8 min ago. Net counts fees only.

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 Deribit no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 8 min ago	1.77 bp	15.7 bp −$16	doesn't fit	doesn't fit	doesn't fit

Deribit: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PNUT-USDT-SWAP	−0.0028%	4h	0.05648	−0.194%	$1.7M	$5.8M	20x	as long as short
BloFin PNUT-USDT	+0.0050%	4h	0.05639	−0.353%	$287K	$26K	50x	as long as short
Aster PNUTUSDT	+0.0100%	4h	0.05649	−0.169%	$3K	$18K	5x	as long as short
Binance PNUTUSDT	+0.0100%	4h	0.05654	−0.088%	$5.3M	$10.0M	50x	as long as short
Bybit PNUTUSDT	+0.0100%	4h	0.05651	−0.141%	$2.6M	$1.3M	50x	as long as short
Gate PNUT_USDT	+0.0100%	4h	0.05653	−0.106%	$901K	$1.1M	50x	as long as short
MEXC PNUT_USDT	+0.0100%	4h	0.05658	−0.018%	$1.2M	$402K	100x	as long as short
Bitget PNUTUSDT	+0.0100%	4h	0.05650	−0.159%	$767K	$1.1M	50x	as long as short
BingX PNUT-USDC	+0.0100%	4h	0.05651	−0.141%	—	$6.5M	—	as long as short
Variational Omni PNUT	+0.0100%	4h	0.05611	−0.851%	$32	$3K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended PNUT-USD	+0.0104%	1h	0.05656	−0.046%	$6K	$139K	5x	as long as short
KuCoin PNUTUSDTM	+0.0130%	4h	0.05654	−0.088%	$1.1M	$123K	30x	as long as short
Kraken Futures PF_PNUTUSD	+0.0378%	1h	0.05659	+0.008%	$24K	$14K	10x	as long as short
Deribit PNUT_USDC-PERPETUALlong	+0.0457%	1h	0.05659	long leg	$4	—	10x
Hyperliquid PNUTshort	+0.0772%	1h	0.05668	+0.159%	$1.6M	$480K	3x
Coinbase International PNUT-PERP-INTX	+0.1256%	1h	0.05660	+0.018%	$359K	$53K	50x	as long as short