Funding you earn now, next payment 06:00 UTC+0.0910%/8h= +99.6% APRpaid last 24h +0.139%
Price spread now: Hyperliquid against OKX+0.375%7-day average +0.190% · you sell dearer than you buy
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$730.726% of the position
Funding, last 7 days+0.207%+$21 on $10k
+Price spread, last 7 days−0.253%−$25 · spread now +0.375%, 7d avg +0.190%
=Together, before fees−0.047%+ Points / potential airdropHyperliquid: Season 2 · farm board−$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and Hyperliquid is 0.185% dearer against OKX than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.190%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.207% in total (about 10.8% 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 | OKX PNUT-USDT-SWAP | 0.05598 | −0.0026 | get 0.0013% / 4h | 2h 31m | $1.6M | $6.3M | 20x |
| Short | Hyperliquid PNUT | 0.05619 | 0.0884 | get 0.0110% / 1h | 31m 54s | $1.6M | $510K | 3x |
OKX PNUT-USDT-SWAP
Hyperliquid PNUTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against OKX. 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
- $191.1
- Price spread: +0.375% → +0.190%
- $18.47
- Slippage, 4 orders
- −$53.58
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $137
- Costs to cover
- 0.726%
- Break-even
- 2.0 days
Slippage from OKX: live order book, 1 min ago; Hyperliquid: 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 OKX live order book, 1 min ago | 1.78 bp | 21.9 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 0.89 bp | 21.1 bp −$21 | 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-SWAPlong | −0.0026% | 4h | 0.05598 | long leg | $1.6M | $6.3M | 20x | |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05603 | +0.086% | $3K | $19K | 5x | as long as short |
| Binance PNUTUSDT | +0.0100% | 4h | 0.05607 | +0.161% | $5.4M | $10.9M | 50x | as long as short |
| Bybit PNUTUSDT | +0.0100% | 4h | 0.05600 | +0.036% | $2.6M | $1.5M | 50x | as long as short |
| Gate PNUT_USDT | +0.0100% | 4h | 0.05602 | +0.071% | $896K | $1.2M | 50x | as long as short |
| MEXC PNUT_USDT | +0.0100% | 4h | 0.05607 | +0.161% | $1.1M | $437K | 100x | as long as short |
| Bitget PNUTUSDT | +0.0100% | 4h | 0.05602 | +0.071% | $778K | $1.1M | 50x | as long as short |
| BingX PNUT-USDC | +0.0100% | 4h | 0.05603 | +0.089% | — | $6.5M | — | as long as short |
| Variational Omni PNUT | +0.0100% | 4h | 0.05621 | +0.413% | $32 | $2K | — | as long as short |
| Extended PNUT-USD | +0.0104% | 1h | 0.05607 | +0.153% | $7K | $79K | 5x | as long as short |
Aster PNUTUSDT
Binance PNUTUSDT
Bybit PNUTUSDT
Gate PNUT_USDT
MEXC PNUT_USDT
Bitget PNUTUSDT
BingX PNUT-USDC
Variational Omni PNUT
Extended PNUT-USDShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin PNUT-USDT | +0.0137% | 4h | 0.05621 | +0.411% | $289K | $26K | 50x | as long as short |
| KuCoin PNUTUSDTM | +0.0184% | 4h | 0.05609 | +0.196% | $1.1M | $112K | 30x | as long as short |
| Deribit PNUT_USDC-PERPETUAL | +0.0642% | 1h | 0.05609 | +0.196% | $4 | — | 10x | as long as short |
| Hyperliquid PNUTshort | +0.0884% | 1h | 0.05619 | +0.375% | $1.6M | $510K | 3x | |
| Kraken Futures PF_PNUTUSD | +0.0944% | 1h | 0.05611 | +0.232% | $24K | $13K | 10x | as long as short |
| Coinbase International PNUT-PERP-INTX | +0.1472% | 1h | 0.05735 | +2.447% | $364K | $40K | 50x | as long as short |
BloFin PNUT-USDT
KuCoin PNUTUSDTM
Deribit PNUT_USDC-PERPETUAL
Kraken Futures PF_PNUTUSD
Coinbase International PNUT-PERP-INTX