Funding you earn now, next payment 03:00 UTC+0.0394%/8h= +43.2% APRnext payment +$0.49 per $10,000 · paid last 24h −0.302%
Price spread now: Hyperliquid against Kraken Futures+0.098%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Hyperliquid is 0.098% dearer against Kraken Futures than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_PNUTUSD | 0.05659 | 0.0378 | pay 0.0047% / 1h | 21m 59s | $24K | $14K | 10x |
| Short | Hyperliquid PNUT | 0.05665 | 0.0772 | get 0.0097% / 1h | 21m 59s | $1.6M | $480K | 3x |
Kraken Futures PF_PNUTUSD
Hyperliquid PNUTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Kraken Futures. 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
- $82.78
- Price spread: +0.098% → 0.000%
- $9.8
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $73.58
- Costs to cover
- 0.190%
- Break-even
- 0.8 days
Slippage unknown: Kraken Futures: no order-book sample; Hyperliquid: live order book, 9 min ago. 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 9 min ago | 1.77 bp | 15.7 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| OKX PNUT-USDT-SWAP | −0.0028% | 4h | 0.05650 | −0.167% | $1.7M | $5.8M | 20x | as long as short |
| BloFin PNUT-USDT | +0.0050% | 4h | 0.05639 | −0.361% | $287K | $26K | 50x | as long as short |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05649 | −0.177% | $3K | $18K | 5x | as long as short |
| Binance PNUTUSDT | +0.0100% | 4h | 0.05657 | −0.043% | $5.3M | $10.0M | 50x | as long as short |
| Bybit PNUTUSDT | +0.0100% | 4h | 0.05651 | −0.149% | $2.6M | $1.3M | 50x | as long as short |
| Gate PNUT_USDT | +0.0100% | 4h | 0.05654 | −0.096% | $901K | $1.1M | 50x | as long as short |
| MEXC PNUT_USDT | +0.0100% | 4h | 0.05658 | −0.026% | $1.2M | $402K | 100x | as long as short |
| Bitget PNUTUSDT | +0.0100% | 4h | 0.05652 | −0.132% | $767K | $1.1M | 50x | as long as short |
| BingX PNUT-USDC | +0.0100% | 4h | 0.05651 | −0.149% | — | $6.5M | — | as long as short |
| Variational Omni PNUT | +0.0100% | 4h | 0.05611 | −0.859% | $32 | $3K | — | as long as short |
OKX PNUT-USDT-SWAP
BloFin PNUT-USDT
Aster PNUTUSDT
Binance PNUTUSDT
Bybit PNUTUSDT
Gate PNUT_USDT
MEXC PNUT_USDT
Bitget PNUTUSDT
BingX PNUT-USDC
Variational Omni PNUTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended PNUT-USD | +0.0104% | 1h | 0.05656 | −0.054% | $6K | $139K | 5x | as long as short |
| KuCoin PNUTUSDTM | +0.0130% | 4h | 0.05655 | −0.079% | $1.1M | $123K | 30x | as long as short |
| Kraken Futures PF_PNUTUSDlong | +0.0378% | 1h | 0.05659 | long leg | $24K | $14K | 10x | |
| Deribit PNUT_USDC-PERPETUAL | +0.0457% | 1h | 0.05659 | −0.008% | $4 | — | 10x | as long as short |
| Hyperliquid PNUTshort | +0.0772% | 1h | 0.05665 | +0.098% | $1.6M | $480K | 3x | |
| Coinbase International PNUT-PERP-INTX | +0.1256% | 1h | 0.05660 | +0.010% | $359K | $53K | 50x | as long as short |
Extended PNUT-USD
KuCoin PNUTUSDTM
Deribit PNUT_USDC-PERPETUAL
Coinbase International PNUT-PERP-INTX