Funding you earn now, next payment 03:00 UTC−0.0633%/8h= −69.3% APRpaid last 24h −0.100%
Price spread now: BloFin against Hyperliquid−0.018%47s7-day average −0.245% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.146%−$15 on $10k
+Price spread, last 4 days (all we have)−0.443%−$44 · spread now −0.018%, 7d avg −0.245%
=Together, before fees−0.589%+ Points / potential airdropHyperliquid: Season 2 · farm board−$59 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BloFin is 0.228% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.018% now, against its 7-day average of −0.245%): +$23 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 29 hours. At the pace of the last 7 days (−0.146% in total) that is about 11 days. The two prices were read 47 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 -0.146% in total (about -7.6% 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 | Hyperliquid PNUT | 0.05667 | 0.0780 | pay 0.0097% / 1h | 18m 24s | $1.6M | $480K | 3x |
| Short | BloFin PNUT-USDT | 0.05666 | 0.0147 | get 0.0073% / 4h | 1h 18m | $287K | $26K | 50x |
Hyperliquid PNUT
BloFin PNUT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Hyperliquid. 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
- −$132.91
- Price spread: −0.018% → −0.245%
- $22.75
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$131.16
- Costs to cover
- 0.210%
- Break-even
- from the start
Slippage unknown: Hyperliquid: live order book, 2 min ago; BloFin: live order book, 21 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 Hyperliquid live order book, 2 min ago | 0.88 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 21 min ago | 0.89 bp | 22.7 bp −$23 | 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 | −0.0031% | 4h | 0.05643 | −0.424% | $1.7M | $5.8M | 20x | as long as short |
| Deribit PNUT_USDC-PERPETUAL | 0.0000% | 1h | 0.05649 | −0.318% | $4 | — | 10x | as long as short |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05661 | −0.101% | $3K | $18K | 5x | as long as short |
| Binance PNUTUSDT | +0.0100% | 4h | 0.05653 | −0.251% | $5.3M | $10.0M | 50x | as long as short |
| Bybit PNUTUSDT | +0.0100% | 4h | 0.05651 | −0.282% | $2.6M | $1.3M | 50x | as long as short |
| Gate PNUT_USDT | +0.0100% | 4h | 0.05660 | −0.124% | $900K | $1.1M | 50x | as long as short |
| MEXC PNUT_USDT | +0.0100% | 4h | 0.05659 | −0.141% | $1.2M | $402K | 100x | as long as short |
| Bitget PNUTUSDT | +0.0100% | 4h | 0.05648 | −0.335% | $767K | $1.1M | 50x | as long as short |
| BingX PNUT-USDC | +0.0100% | 4h | 0.05661 | −0.106% | — | $6.5M | — | as long as short |
| Variational Omni PNUT | +0.0100% | 4h | 0.05662 | −0.080% | $32 | $3K | — | as long as short |
OKX PNUT-USDT-SWAP
Deribit PNUT_USDC-PERPETUAL
Aster PNUTUSDT
Binance PNUTUSDT
Bybit PNUTUSDT
Gate PNUT_USDT
MEXC PNUT_USDT
Bitget PNUTUSDT
BingX PNUT-USDC
Variational Omni PNUTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended PNUT-USD | +0.0104% | 1h | 0.05651 | −0.279% | $6K | $139K | 5x | as long as short |
| BloFin PNUT-USDTshort | +0.0147% | 4h | 0.05666 | −0.018% | $287K | $26K | 50x | |
| KuCoin PNUTUSDTM | +0.0152% | 4h | 0.05663 | −0.071% | $1.1M | $122K | 30x | as long as short |
| Kraken Futures PF_PNUTUSD | +0.0378% | 1h | 0.05654 | −0.233% | $24K | $14K | 10x | as long as short |
| Hyperliquid PNUTlong | +0.0780% | 1h | 0.05667 | long leg | $1.6M | $480K | 3x | |
| Coinbase International PNUT-PERP-INTX | +0.1256% | 1h | 0.05660 | −0.124% | $359K | $53K | 50x | as long as short |
Extended PNUT-USD
KuCoin PNUTUSDTM
Kraken Futures PF_PNUTUSD
Coinbase International PNUT-PERP-INTX