Funding you earn now, next payment 02:00 UTC−0.0708%/8h= −77.5% APRpaid last 24h −0.096%
Price spread now: Variational Omni against Hyperliquid−0.530%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 · Variational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Variational Omni is 0.530% cheaper against Hyperliquid than usual: you would sell low and buy high (−$53 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 | 0.05674 | 0.0808 | pay 0.0101% / 1h | 12m 20s | $1.6M | $484K | 3x |
| Short | Variational Omni PNUT | 0.05644 | 0.0100 | get 0.0050% / 4h | 2h 12m | $32 | $3K | — |
Hyperliquid PNUT
Variational Omni PNUTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$148.69
- Price spread: −0.530% → 0.000%
- −$52.95
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$210.64
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 8 min ago; Variational Omni: 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, 8 min ago | 0.88 bp | 15.5 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni no order-book sample | — | — | — | — | — |
Variational Omni: 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 15 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 | 0.05664 | −0.176% | $4 | — | 10x | as long as short |
| OKX PNUT-USDT-SWAP | +0.0043% | 4h | 0.05661 | −0.229% | $1.7M | $5.8M | 20x | as long as short |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05656 | −0.317% | $3K | $18K | 5x | as long as short |
| Binance PNUTUSDT | +0.0100% | 4h | 0.05662 | −0.216% | $5.3M | $10.0M | 50x | as long as short |
| Bybit PNUTUSDT | +0.0100% | 4h | 0.05657 | −0.300% | $2.6M | $1.3M | 50x | as long as short |
| Gate PNUT_USDT | +0.0100% | 4h | 0.05659 | −0.264% | $895K | $1.1M | 50x | as long as short |
| MEXC PNUT_USDT | +0.0100% | 4h | 0.05660 | −0.247% | $1.2M | $397K | 100x | as long as short |
| Bitget PNUTUSDT | +0.0100% | 4h | 0.05657 | −0.300% | $765K | $1.1M | 50x | as long as short |
| BingX PNUT-USDT | +0.0100% | 4h | 0.05654 | −0.352% | — | $6.6M | — | as long as short |
| Variational Omni PNUTshort | +0.0100% | 4h | 0.05644 | −0.530% | $32 | $3K | — |
Deribit PNUT_USDC-PERPETUAL
OKX PNUT-USDT-SWAP
Aster PNUTUSDT
Binance PNUTUSDT
Bybit PNUTUSDT
Gate PNUT_USDT
MEXC PNUT_USDT
Bitget PNUTUSDT
BingX PNUT-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended PNUT-USD | +0.0104% | 1h | 0.05659 | −0.259% | $8K | $143K | 5x | as long as short |
| KuCoin PNUTUSDTM | +0.0232% | 4h | 0.05661 | −0.229% | $1.1M | $131K | 30x | as long as short |
| Kraken Futures PF_PNUTUSD | +0.0736% | 1h | 0.05677 | +0.054% | $24K | $14K | 10x | as long as short |
| Hyperliquid PNUTlong | +0.0808% | 1h | 0.05674 | long leg | $1.6M | $484K | 3x | |
| Coinbase International PNUT-PERP-INTX | +0.1072% | 1h | 0.05682 | +0.141% | $360K | $55K | 50x | as long as short |
Extended PNUT-USD
KuCoin PNUTUSDTM
Kraken Futures PF_PNUTUSD
Coinbase International PNUT-PERP-INTX