Funding you earn now, next payment 08:00 UTC−0.0802%/8h= −87.8% APRnext payment −$1.00 per $10,000 · paid last 24h −0.147%
Price spread now: Extended against Hyperliquid−0.251%7-day average −0.216% · you buy dearer than you sell
Net, funding: paid 7d − costs−$112as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$940.945% of the position
Funding, last 7 days−0.175%−$17 on $10k
+Price spread, last 4 days (all we have)+0.068%+$7 · spread now −0.251%, 7d avg −0.216%
=Together, before fees−0.107%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board−$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and Extended is 0.035% cheaper against Hyperliquid than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.216%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.175% in total (about -9.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.00 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 | Hyperliquid PNUT | 0.05822 | 0.0906 | pay 0.0113% / 1h | 43m 22s | $1.7M | $520K | 3x |
| Short | Extended PNUT-USD | 0.05807 | 0.0104 | get 0.0013% / 1h | 43m 22s | $6K | $234K | 5x |
Hyperliquid PNUT
Extended PNUT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$168.33
- Price spread: −0.251% → −0.216%
- −$3.48
- Slippage, 4 orders
- −$80.48
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$266.29
- Costs to cover
- 0.945%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; Extended: live order book, 10 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 Hyperliquid live order book, 7 min ago | 1.73 bp | 21.0 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 10 min ago | 1.56 bp | 22.1 bp −$22 | 194.0 bp −$1,940 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster PNUTUSDT | +0.0100% | 4h | 0.05811 | −0.185% | $3K | $19K | 5x | as long as short |
| Binance PNUTUSDT | +0.0100% | 4h | 0.05810 | −0.209% | $5.7M | $11.4M | 50x | as long as short |
| Bybit PNUTUSDT | +0.0100% | 4h | 0.05807 | −0.258% | $2.7M | $1.6M | 50x | as long as short |
| OKX PNUT-USDT-SWAP | +0.0100% | 4h | 0.05808 | −0.240% | $1.8M | $6.9M | 20x | as long as short |
| Gate PNUT_USDT | +0.0100% | 4h | 0.05807 | −0.258% | $903K | $1.3M | 50x | as long as short |
| MEXC PNUT_USDT | +0.0100% | 4h | 0.05809 | −0.223% | $1.1M | $449K | 100x | as long as short |
| Bitget PNUTUSDT | +0.0100% | 4h | 0.05804 | −0.309% | $798K | $1.2M | 50x | as long as short |
| BingX PNUT-USDT | +0.0100% | 4h | 0.05811 | −0.189% | — | $6.6M | — | as long as short |
| Variational Omni PNUT | +0.0100% | 4h | 0.05799 | −0.389% | $33 | $2K | — | as long as short |
| Extended PNUT-USDshort | +0.0104% | 1h | 0.05807 | −0.251% | $6K | $234K | 5x |
Aster PNUTUSDT
Binance PNUTUSDT
Bybit PNUTUSDT
OKX PNUT-USDT-SWAP
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin PNUT-USDT | +0.0120% | 4h | 0.05802 | −0.344% | $300K | $27K | 50x | as long as short |
| KuCoin PNUTUSDTM | +0.0266% | 4h | 0.05819 | −0.052% | $1.1M | $120K | 30x | as long as short |
| Kraken Futures PF_PNUTUSD | +0.0317% | 1h | 0.05811 | −0.195% | $25K | $13K | 10x | as long as short |
| Deribit PNUT_USDC-PERPETUAL | +0.0438% | 1h | 0.05814 | −0.137% | $4 | — | 10x | as long as short |
| Hyperliquid PNUTlong | +0.0906% | 1h | 0.05822 | long leg | $1.7M | $520K | 3x | |
| Coinbase International PNUT-PERP-INTX | +0.1600% | 1h | 0.05847 | +0.429% | $371K | $43K | 50x | as long as short |
BloFin PNUT-USDT
KuCoin PNUTUSDTM
Kraken Futures PF_PNUTUSD
Deribit PNUT_USDC-PERPETUAL
Coinbase International PNUT-PERP-INTX