Funding you earn now, next payment 07:00 UTC+0.0469%/8h= +51.4% APRpaid last 24h +0.127%
Price spread now: Hyperliquid against KuCoin+0.121%7-day average +0.088% · you sell dearer than you buy
Net, funding: paid 7d − costs−$412as in the Funding arb table
Net, price: spread back to 7d avg − costs−$416as in the Price arb table
costs, in and out, $10k−$4194.191% of the position
Funding, last 7 days+0.075%+$8 on $10k
+Price spread, last 7 days−0.025%−$2 · spread now +0.121%, 7d avg +0.088%
=Together, before fees+0.050%+ Points / potential airdropHyperliquid: Season 2 · farm board+$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Hyperliquid is 0.032% dearer against KuCoin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.088%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.075% in total (about 3.9% 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 | KuCoin PNUTUSDTM | 0.05802 | 0.0254 | pay 0.0127% / 4h | 1h 04m | $1.1M | $117K | 30x |
| Short | Hyperliquid PNUT | 0.05809 | 0.0723 | get 0.0090% / 1h | 4m 58s | $1.7M | $515K | 3x |
KuCoin PNUTUSDTM
Hyperliquid PNUTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against KuCoin. 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
- $98.58
- Price spread: +0.121% → +0.088%
- $3.24
- Slippage, 4 orders
- −$398.1
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$317.28
- Costs to cover
- 4.191%
- Break-even
- 29.5 days
Slippage from KuCoin: live order book, 5 min ago; Hyperliquid: live order book, 6 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 KuCoin live order book, 5 min ago | 5.17 bp | 201.3 bp −$201 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 0.86 bp | 24.2 bp −$24 | 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 | +0.0092% | 4h | 0.05788 | −0.241% | $1.8M | $6.7M | 20x | as long as short |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05799 | −0.048% | $3K | $19K | 5x | as long as short |
| Binance PNUTUSDT | +0.0100% | 4h | 0.05798 | −0.068% | $5.6M | $11.2M | 50x | as long as short |
| Bybit PNUTUSDT | +0.0100% | 4h | 0.05797 | −0.086% | $2.7M | $1.5M | 50x | as long as short |
| Gate PNUT_USDT | +0.0100% | 4h | 0.05794 | −0.138% | $901K | $1.3M | 50x | as long as short |
| MEXC PNUT_USDT | +0.0100% | 4h | 0.05801 | −0.017% | $1.2M | $455K | 100x | as long as short |
| Bitget PNUTUSDT | +0.0100% | 4h | 0.05794 | −0.138% | $791K | $1.2M | 50x | as long as short |
| BingX PNUT-USDT | +0.0100% | 4h | 0.05795 | −0.121% | — | $6.6M | — | as long as short |
| Variational Omni PNUT | +0.0100% | 4h | 0.05772 | −0.509% | $33 | $2K | — | as long as short |
| Extended PNUT-USD | +0.0104% | 1h | 0.05796 | −0.096% | $7K | $81K | 5x | as long as short |
OKX PNUT-USDT-SWAP
Aster PNUTUSDT
Binance PNUTUSDT
Bybit PNUTUSDT
Gate PNUT_USDT
MEXC PNUT_USDT
Bitget PNUTUSDT
BingX PNUT-USDT
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 | +0.0105% | 4h | 0.05768 | −0.586% | $295K | $27K | 50x | as long as short |
| KuCoin PNUTUSDTMlong | +0.0254% | 4h | 0.05802 | long leg | $1.1M | $117K | 30x | |
| Deribit PNUT_USDC-PERPETUAL | +0.0612% | 1h | 0.05802 | 0.000% | $4 | — | 10x | as long as short |
| Hyperliquid PNUTshort | +0.0723% | 1h | 0.05809 | +0.121% | $1.7M | $515K | 3x | |
| Kraken Futures PF_PNUTUSD | +0.1097% | 1h | 0.05797 | −0.085% | $25K | $13K | 10x | as long as short |
| Coinbase International PNUT-PERP-INTX | +0.1616% | 1h | 0.05820 | +0.310% | $369K | $42K | 50x | as long as short |
BloFin PNUT-USDT
Deribit PNUT_USDC-PERPETUAL
Kraken Futures PF_PNUTUSD
Coinbase International PNUT-PERP-INTX