Funding you earn now, next payment 05:00 UTC+0.0730%/8h= +80.0% APRnext payment +$0.91 per $10,000 · paid last 24h +0.123%
Price spread now: Hyperliquid against Extended+0.240%7-day average +0.214% · you sell dearer than you buy
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$119as in the Price arb table
costs, in and out, $10k−$1221.216% of the position
Funding, last 7 days+0.148%+$15 on $10k
+Price spread, last 4 days (all we have)−0.093%−$9 · spread now +0.240%, 7d avg +0.214%
=Together, before fees+0.055%+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm board+$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Hyperliquid is 0.026% dearer against Extended than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.214%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.148% in total (about 7.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.91 per $10,000. 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 | Extended PNUT-USD | 0.05711 | 0.0104 | pay 0.0013% / 1h | 33m 52s | $8K | $137K | 5x |
| Short | Hyperliquid PNUT | 0.05725 | 0.0834 | get 0.0104% / 1h | 33m 52s | $1.7M | $502K | 3x |
Extended PNUT-USD
Hyperliquid PNUTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Extended. 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
- $153.36
- Price spread: +0.240% → +0.214%
- $2.55
- Slippage, 4 orders
- −$107.6
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $34.32
- Costs to cover
- 1.216%
- Break-even
- 5.4 days
Slippage from Extended: live order book, 17 min ago; Hyperliquid: live order book, 7 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 Extended live order book, 17 min ago | 1.82 bp | 36.3 bp −$36 | 222.9 bp −$2,229 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 7 min ago | 2.60 bp | 25.4 bp −$25 | 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 | +0.0088% | 4h | 0.05706 | −0.093% | $1.7M | $6.4M | 20x | as long as short |
| BloFin PNUT-USDT | +0.0099% | 4h | 0.05723 | +0.205% | $295K | $27K | 50x | as long as short |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05713 | +0.030% | $3K | $19K | 5x | as long as short |
| Binance PNUTUSDT | +0.0100% | 4h | 0.05712 | +0.005% | $5.5M | $10.6M | 50x | as long as short |
| Bybit PNUTUSDT | +0.0100% | 4h | 0.05709 | −0.040% | $2.6M | $1.4M | 50x | as long as short |
| Gate PNUT_USDT | +0.0100% | 4h | 0.05712 | +0.012% | $912K | $1.2M | 50x | as long as short |
| MEXC PNUT_USDT | +0.0100% | 4h | 0.05710 | −0.023% | $1.2M | $414K | 100x | as long as short |
| Bitget PNUTUSDT | +0.0100% | 4h | 0.05712 | +0.012% | $760K | $1.1M | 50x | as long as short |
| BingX PNUT-USDT | +0.0100% | 4h | 0.05712 | +0.012% | — | $6.6M | — | as long as short |
| Variational Omni PNUT | +0.0100% | 4h | 0.05727 | +0.284% | $33 | $2K | — | as long as short |
OKX PNUT-USDT-SWAP
BloFin PNUT-USDT
Aster PNUTUSDT
Binance PNUTUSDT
Bybit PNUTUSDT
Gate PNUT_USDT
MEXC PNUT_USDT
Bitget PNUTUSDT
BingX PNUT-USDT
Variational Omni PNUTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended PNUT-USDlong | +0.0104% | 1h | 0.05711 | long leg | $8K | $137K | 5x | |
| KuCoin PNUTUSDTM | +0.0210% | 4h | 0.05716 | +0.082% | $1.1M | $111K | 30x | as long as short |
| Deribit PNUT_USDC-PERPETUAL | +0.0275% | 1h | 0.05714 | +0.047% | $4 | — | 10x | as long as short |
| Hyperliquid PNUTshort | +0.0834% | 1h | 0.05725 | +0.240% | $1.7M | $502K | 3x | |
| Kraken Futures PF_PNUTUSD | +0.1167% | 1h | 0.05720 | +0.150% | $24K | $14K | 10x | as long as short |
| Coinbase International PNUT-PERP-INTX | +0.1240% | 1h | 0.05776 | +1.133% | $366K | $42K | 50x | as long as short |
KuCoin PNUTUSDTM
Deribit PNUT_USDC-PERPETUAL
Kraken Futures PF_PNUTUSD
Coinbase International PNUT-PERP-INTX