PNUT

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0496%/8h= −54.4% APRnext payment −$0.62 per $10,000 · paid last 24h −0.121%

Price spread now: Deribit against Hyperliquid−0.123%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on Deribit

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 against this trade now: funding costs −$15 a day on $10k at the current rate, and Deribit is 0.123% cheaper against Hyperliquid than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid PNUT	0.05676	0.0776	pay 0.0097% / 1h	20m 39s	$1.6M	$480K	3x
Short	Deribit PNUT_USDC-PERPETUAL	0.05669	0.0279	get 0.0035% / 1h	20m 39s	$4	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.123%Rate

Funding earned: −$104.23
Price spread: −0.123% → 0.000%: −$12.33
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$132.57
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 10 min ago; Deribit: no order-book sample. 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, 10 min ago	1.77 bp	26.0 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

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	−0.0024%	4h	0.05661	−0.264%	$1.7M	$5.8M	20x	as long as short
BloFin PNUT-USDT	+0.0083%	4h	0.05651	−0.440%	$286K	$26K	50x	as long as short
Aster PNUTUSDT	+0.0100%	4h	0.05668	−0.144%	$3K	$18K	5x	as long as short
Binance PNUTUSDT	+0.0100%	4h	0.05663	−0.229%	$5.3M	$10.0M	50x	as long as short
Bybit PNUTUSDT	+0.0100%	4h	0.05662	−0.247%	$2.6M	$1.3M	50x	as long as short
Gate PNUT_USDT	+0.0100%	4h	0.05671	−0.088%	$903K	$1.1M	50x	as long as short
MEXC PNUT_USDT	+0.0100%	4h	0.05661	−0.264%	$1.2M	$402K	100x	as long as short
Bitget PNUTUSDT	+0.0100%	4h	0.05660	−0.282%	$768K	$1.1M	50x	as long as short
BingX PNUT-USDT	+0.0100%	4h	0.05664	−0.211%	—	$6.6M	—	as long as short
Variational Omni PNUT	+0.0100%	4h	0.05662	−0.239%	$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	0.05662	−0.249%	$6K	$139K	5x	as long as short
KuCoin PNUTUSDTM	+0.0138%	4h	0.05670	−0.106%	$1.1M	$122K	30x	as long as short
Deribit PNUT_USDC-PERPETUALshort	+0.0279%	1h	0.05669	−0.123%	$4	—	10x
Kraken Futures PF_PNUTUSD	+0.0377%	1h	0.05672	−0.071%	$24K	$14K	10x	as long as short
Hyperliquid PNUTlong	+0.0776%	1h	0.05676	long leg	$1.6M	$480K	3x
Coinbase International PNUT-PERP-INTX	+0.1256%	1h	0.05660	−0.282%	$359K	$53K	50x	as long as short