Funding you earn now, next payment 06:00 UTC−0.0712%/8h= −78.0% APRpaid last 24h −0.119%
Price spread now: KuCoin against Hyperliquid−0.036%7-day average −0.088% · you buy dearer than you sell
Net, funding: paid 7d − costs−$488as in the Funding arb table
Net, price: spread back to 7d avg − costs−$476as in the Price arb table
costs, in and out, $10k−$4814.811% of the position
Funding, last 7 days−0.066%−$7 on $10k
+Price spread, last 7 days−0.057%−$6 · spread now −0.036%, 7d avg −0.088%
=Together, before fees−0.123%+ Points / potential airdropHyperliquid: Season 2 · farm board−$12 on $10k · with fees, hour by hour
The price spread pays, funding is against you. KuCoin is 0.053% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.036% now, against its 7-day average of −0.088%): +$5 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.066% in total) that is about 5.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.066% in total (about -3.5% 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 | 0.05630 | 0.0894 | pay 0.0112% / 1h | 41m 11s | $1.6M | $510K | 3x |
| Short | KuCoin PNUTUSDTM | 0.05628 | 0.0182 | get 0.0091% / 4h | 2h 41m | $1.1M | $112K | 30x |
Hyperliquid PNUT
KuCoin PNUTUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$149.5
- Price spread: −0.036% → −0.088%
- $5.29
- Slippage, 4 orders
- −$460.09
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$625.29
- Costs to cover
- 4.811%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 9 min ago; KuCoin: live order book, 9 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, 9 min ago | 5.28 bp | 29.0 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 9 min ago | 17.61 bp | 243.3 bp −$243 | 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 | −0.0040% | 4h | 0.05612 | −0.320% | $1.6M | $6.3M | 20x | as long as short |
| BloFin PNUT-USDT | −0.0026% | 4h | 0.05621 | −0.160% | $289K | $26K | 50x | as long as short |
| Bybit PNUTUSDT | −0.0016% | 4h | 0.05611 | −0.337% | $2.6M | $1.5M | 50x | as long as short |
| Deribit PNUT_USDC-PERPETUAL | 0.0000% | 1h | 0.05626 | −0.071% | $4 | — | 10x | as long as short |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05615 | −0.263% | $3K | $19K | 5x | as long as short |
| Binance PNUTUSDT | +0.0100% | 4h | 0.05616 | −0.249% | $5.4M | $10.8M | 50x | as long as short |
| Gate PNUT_USDT | +0.0100% | 4h | 0.05617 | −0.231% | $898K | $1.2M | 50x | as long as short |
| MEXC PNUT_USDT | +0.0100% | 4h | 0.05612 | −0.320% | $1.1M | $431K | 100x | as long as short |
| Bitget PNUTUSDT | +0.0100% | 4h | 0.05620 | −0.178% | $780K | $1.2M | 50x | as long as short |
| BingX PNUT-USDT | +0.0100% | 4h | 0.05619 | −0.195% | — | $6.6M | — | as long as short |
OKX PNUT-USDT-SWAP
BloFin PNUT-USDT
Bybit PNUTUSDT
Deribit PNUT_USDC-PERPETUAL
Aster PNUTUSDT
Binance PNUTUSDT
Gate PNUT_USDT
MEXC PNUT_USDT
Bitget PNUTUSDT
BingX PNUT-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni PNUT | +0.0100% | 4h | 0.05617 | −0.229% | $32 | $2K | — | as long as short |
| Extended PNUT-USD | +0.0104% | 1h | 0.05626 | −0.078% | $7K | $79K | 5x | as long as short |
| KuCoin PNUTUSDTMshort | +0.0182% | 4h | 0.05628 | −0.036% | $1.1M | $112K | 30x | |
| Hyperliquid PNUTlong | +0.0894% | 1h | 0.05630 | long leg | $1.6M | $510K | 3x | |
| Kraken Futures PF_PNUTUSD | +0.0942% | 1h | 0.05628 | −0.043% | $24K | $13K | 10x | as long as short |
| Coinbase International PNUT-PERP-INTX | +0.1472% | 1h | 0.05735 | +1.865% | $364K | $40K | 50x | as long as short |
Variational Omni PNUT
Extended PNUT-USD
Kraken Futures PF_PNUTUSD
Coinbase International PNUT-PERP-INTX