PNUT

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0026%/8h= +2.9% APRnext payment +$0.03 per $10,000 · paid last 24h +0.298%

Price spread now: Kraken Futures against Hyperliquid−0.026%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 Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. Kraken Futures is 0.026% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.026% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 3.2 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid PNUT	0.05646	0.0913	pay 0.0114% / 1h	41m 50s	$1.6M	$509K	3x
Short	Kraken Futures PF_PNUTUSD	0.05645	0.0939	get 0.0117% / 1h	41m 50s	$24K	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.026%Rate

Funding earned: $5.52
Price spread: −0.026% → 0.000%: −$2.56
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$16.04
Costs to cover: 0.190%
Break-even: 27.3 days

Slippage unknown: Hyperliquid: live order book, 9 min ago; Kraken Futures: 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, 9 min ago	5.28 bp	29.0 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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
BloFin PNUT-USDT	−0.0062%	4h	0.05628	−0.319%	$288K	$26K	50x	as long as short
Bybit PNUTUSDT	−0.0042%	4h	0.05627	−0.337%	$2.6M	$1.5M	50x	as long as short
OKX PNUT-USDT-SWAP	−0.0026%	4h	0.05626	−0.354%	$1.7M	$6.3M	20x	as long as short
Aster PNUTUSDT	+0.0100%	4h	0.05630	−0.277%	$3K	$19K	5x	as long as short
Binance PNUTUSDT	+0.0100%	4h	0.05633	−0.235%	$5.4M	$10.8M	50x	as long as short
Gate PNUT_USDT	+0.0100%	4h	0.05633	−0.230%	$901K	$1.2M	50x	as long as short
MEXC PNUT_USDT	+0.0100%	4h	0.05631	−0.266%	$1.1M	$431K	100x	as long as short
Bitget PNUTUSDT	+0.0100%	4h	0.05630	−0.283%	$782K	$1.2M	50x	as long as short
BingX PNUT-USDC	+0.0100%	4h	0.05630	−0.283%	—	$6.5M	—	as long as short
Variational Omni PNUT	+0.0100%	4h	0.05642	−0.079%	$32	$2K	—	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	0.05632	−0.245%	$7K	$79K	5x	as long as short
KuCoin PNUTUSDTM	+0.0178%	4h	0.05636	−0.177%	$1.1M	$112K	30x	as long as short
Deribit PNUT_USDC-PERPETUAL	+0.0283%	1h	0.05634	−0.213%	$4	—	10x	as long as short
Hyperliquid PNUTlong	+0.0913%	1h	0.05646	long leg	$1.6M	$509K	3x
Kraken Futures PF_PNUTUSDshort	+0.0939%	1h	0.05645	−0.026%	$24K	$13K	10x
Coinbase International PNUT-PERP-INTX	+0.1472%	1h	0.05735	+1.576%	$364K	$40K	50x	as long as short