Funding you earn now, next payment 05:00 UTC+0.0738%/8h= +80.8% APRpaid last 24h +0.124%
Price spread now: Hyperliquid against MEXC+0.193%7-day average +0.172% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$610.611% of the position
Funding, last 7 days+0.155%+$16 on $10k
+Price spread, last 7 days−0.063%−$6 · spread now +0.193%, 7d avg +0.172%
=Together, before fees+0.092%+ Points / potential airdropHyperliquid: Season 2 · farm board+$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Hyperliquid is 0.021% dearer against MEXC than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.172%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.155% in total (about 8.1% 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 | MEXC PNUT_USDT | 0.05711 | 0.0100 | pay 0.0050% / 4h | 3h 33m | $1.2M | $414K | 100x |
| Short | Hyperliquid PNUT | 0.05722 | 0.0838 | get 0.0105% / 1h | 33m 25s | $1.7M | $502K | 3x |
MEXC PNUT_USDT
Hyperliquid PNUTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against MEXC. 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
- $154.96
- Price spread: +0.193% → +0.172%
- $2.09
- Slippage, 4 orders
- −$48.08
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $95.97
- Costs to cover
- 0.611%
- Break-even
- 2.7 days
Slippage from MEXC: live order book, 3 min ago; Hyperliquid: live order book, 7 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 MEXC live order book, 3 min ago | 2.62 bp | 8.1 bp −$8 | 21.3 bp −$213 | 112.9 bp −$11.3K | 245.5 bp −$122.8K |
| Sell Hyperliquid live order book, 7 min ago | 2.60 bp | 25.4 bp −$25 | 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 | +0.0088% | 4h | 0.05704 | −0.123% | $1.7M | $6.3M | 20x | as long as short |
| BloFin PNUT-USDT | +0.0099% | 4h | 0.05723 | +0.210% | $295K | $27K | 50x | as long as short |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05709 | −0.034% | $3K | $19K | 5x | as long as short |
| Binance PNUTUSDT | +0.0100% | 4h | 0.05712 | +0.021% | $5.5M | $10.6M | 50x | as long as short |
| Bybit PNUTUSDT | +0.0100% | 4h | 0.05703 | −0.140% | $2.6M | $1.4M | 50x | as long as short |
| Gate PNUT_USDT | +0.0100% | 4h | 0.05712 | +0.018% | $912K | $1.2M | 50x | as long as short |
| MEXC PNUT_USDTlong | +0.0100% | 4h | 0.05711 | long leg | $1.2M | $414K | 100x | |
| Bitget PNUTUSDT | +0.0100% | 4h | 0.05709 | −0.035% | $760K | $1.1M | 50x | as long as short |
| BingX PNUT-USDC | +0.0100% | 4h | 0.05711 | 0.000% | — | $6.5M | — | as long as short |
| Variational Omni PNUT | +0.0100% | 4h | 0.05727 | +0.289% | $33 | $2K | — | as long as short |
OKX PNUT-USDT-SWAP
BloFin PNUT-USDT
Aster PNUTUSDT
Binance PNUTUSDT
Bybit PNUTUSDT
Gate 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 | 0.05710 | −0.019% | $8K | $137K | 5x | as long as short |
| KuCoin PNUTUSDTM | +0.0204% | 4h | 0.05717 | +0.105% | $1.1M | $111K | 30x | as long as short |
| Deribit PNUT_USDC-PERPETUAL | +0.0275% | 1h | 0.05714 | +0.053% | $4 | — | 10x | as long as short |
| Hyperliquid PNUTshort | +0.0838% | 1h | 0.05722 | +0.193% | $1.7M | $502K | 3x | |
| Kraken Futures PF_PNUTUSD | +0.1167% | 1h | 0.05720 | +0.155% | $24K | $14K | 10x | as long as short |
| Coinbase International PNUT-PERP-INTX | +0.1240% | 1h | 0.05776 | +1.138% | $366K | $42K | 50x | as long as short |
Extended PNUT-USD
KuCoin PNUTUSDTM
Deribit PNUT_USDC-PERPETUAL
Kraken Futures PF_PNUTUSD
Coinbase International PNUT-PERP-INTX