PNUT

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0233%/8h= +25.5% APRnext payment +$0.29 per $10,000 · paid last 24h +0.242%

Price spread now: Coinbase International against Hyperliquid+1.427%7-day average +0.411% · you sell dearer than you buy

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

Long on Hyperliquid Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+1.522%+$152 on $10k

Price spread, last 3 days (all we have)−1.044%−$104 · spread now +1.427%, 7d avg +0.411%

Together, before fees+0.478%+ Points / potential airdropHyperliquid: Season 2 · farm board+$48 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Coinbase International is 1.016% dearer against Hyperliquid than usual: you sell high and buy low: +$102 more if the spread goes back to its 7-day average of +0.411%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid PNUT	0.05608	0.0839	pay 0.0105% / 1h	57m 04s	$1.6M	$477K	3x
Short	Coinbase International PNUT-PERP-INTX	0.05688	0.1072	get 0.0134% / 1h	57m 04s	$361K	$56K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Hyperliquid. 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 HyperliquidbpFee Coinbase InternationalbpOrdersPrice spread, now +1.427%Rate

Funding earned: $48.98
Price spread: +1.427% → +0.411%: $101.56
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $131.53
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: Hyperliquid: live order book, 4 min ago; Coinbase International: live order book, 11 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, 4 min ago	1.77 bp	16.4 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 11 min ago	24.67 bp	605.8 bp −$606	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
Deribit PNUT_USDC-PERPETUAL	0.0000%	1h	0.05602	−0.107%	$4	—	10x	as long as short
BloFin PNUT-USDT	+0.0089%	4h	0.05588	−0.357%	$287K	$25K	50x	as long as short
Aster PNUTUSDT	+0.0100%	4h	0.05605	−0.061%	$3K	$19K	5x	as long as short
Binance PNUTUSDT	+0.0100%	4h	0.05601	−0.128%	$5.3M	$9.8M	50x	as long as short
Bybit PNUTUSDT	+0.0100%	4h	0.05597	−0.196%	$2.6M	$1.3M	50x	as long as short
OKX PNUT-USDT-SWAP	+0.0100%	4h	0.05588	−0.357%	$1.7M	$5.6M	20x	as long as short
Gate PNUT_USDT	+0.0100%	4h	0.05599	−0.160%	$858K	$1.1M	50x	as long as short
MEXC PNUT_USDT	+0.0100%	4h	0.05598	−0.178%	$1.2M	$384K	100x	as long as short
Bitget PNUTUSDT	+0.0100%	4h	0.05605	−0.053%	$770K	$1.1M	50x	as long as short
BingX PNUT-USDT	+0.0100%	4h	0.05601	−0.125%	—	$6.6M	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PNUT	+0.0100%	4h	0.05621	+0.232%	$32	$3K	—	as long as short
Extended PNUT-USD	+0.0104%	1h	0.05598	−0.186%	$6K	$139K	5x	as long as short
KuCoin PNUTUSDTM	+0.0286%	4h	0.05608	0.000%	$1.1M	$131K	30x	as long as short
Kraken Futures PF_PNUTUSD	+0.0745%	1h	0.05611	+0.054%	$24K	$13K	10x	as long as short
Hyperliquid PNUTlong	+0.0839%	1h	0.05608	long leg	$1.6M	$477K	3x
Coinbase International PNUT-PERP-INTXshort	+0.1072%	1h	0.05688	+1.427%	$361K	$56K	50x