Funding you earn now, next payment 03:00 UTC+0.0707%/8h= +77.5% APRpaid last 24h +0.103%
Price spread now: Hyperliquid against MEXC+0.284%7-day average +0.170% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$520.516% of the position
Funding, last 7 days+0.134%+$13 on $10k
+Price spread, last 7 days−0.133%−$13 · spread now +0.284%, 7d avg +0.170%
=Together, before fees+0.002%+ Points / potential airdropHyperliquid: Season 2 · farm board$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Hyperliquid is 0.114% dearer against MEXC than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.170%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.134% in total (about 7.0% 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 | 0.05638 | 0.0100 | pay 0.0050% / 4h | 1h 33m | $1.2M | $401K | 100x |
| Short | Hyperliquid PNUT | 0.05654 | 0.0807 | get 0.0101% / 1h | 33m 19s | $1.6M | $480K | 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
- $148.57
- Price spread: +0.284% → +0.170%
- $11.36
- Slippage, 4 orders
- −$38.6
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $108.33
- Costs to cover
- 0.516%
- Break-even
- 1.9 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 | 0.89 bp | 7.2 bp −$7 | 22.6 bp −$226 | 120.6 bp −$12.1K | 262.5 bp −$131.2K |
| Sell Hyperliquid live order book, 7 min ago | 0.89 bp | 15.8 bp −$16 | 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 | −0.0005% | 4h | 0.05636 | −0.035% | $1.7M | $5.8M | 20x | as long as short |
| Deribit PNUT_USDC-PERPETUAL | 0.0000% | 1h | 0.05620 | −0.319% | $4 | — | 10x | as long as short |
| Aster PNUTUSDT | +0.0100% | 4h | 0.05631 | −0.116% | $3K | $18K | 5x | as long as short |
| Binance PNUTUSDT | +0.0100% | 4h | 0.05638 | +0.002% | $5.3M | $10.0M | 50x | as long as short |
| Bybit PNUTUSDT | +0.0100% | 4h | 0.05633 | −0.089% | $2.6M | $1.3M | 50x | as long as short |
| Gate PNUT_USDT | +0.0100% | 4h | 0.05635 | −0.053% | $890K | $1.1M | 50x | as long as short |
| MEXC PNUT_USDTlong | +0.0100% | 4h | 0.05638 | long leg | $1.2M | $401K | 100x | |
| Bitget PNUTUSDT | +0.0100% | 4h | 0.05640 | +0.035% | $766K | $1.1M | 50x | as long as short |
| BingX PNUT-USDT | +0.0100% | 4h | 0.05628 | −0.177% | — | $6.6M | — | as long as short |
| Variational Omni PNUT | +0.0100% | 4h | 0.05626 | −0.215% | $32 | $3K | — | as long as short |
OKX PNUT-USDT-SWAP
Deribit PNUT_USDC-PERPETUAL
Aster PNUTUSDT
Binance PNUTUSDT
Bybit PNUTUSDT
Gate PNUT_USDT
Bitget PNUTUSDT
BingX PNUT-USDT
Variational Omni PNUTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin PNUT-USDT | +0.0102% | 4h | 0.05627 | −0.195% | $286K | $26K | 50x | as long as short |
| Extended PNUT-USD | +0.0104% | 1h | 0.05627 | −0.198% | $8K | $143K | 5x | as long as short |
| KuCoin PNUTUSDTM | +0.0142% | 4h | 0.05637 | −0.018% | $1.1M | $122K | 30x | as long as short |
| Kraken Futures PF_PNUTUSD | +0.0380% | 1h | 0.05627 | −0.193% | $24K | $14K | 10x | as long as short |
| Hyperliquid PNUTshort | +0.0807% | 1h | 0.05654 | +0.284% | $1.6M | $480K | 3x | |
| Coinbase International PNUT-PERP-INTX | +0.1256% | 1h | 0.05640 | +0.035% | $358K | $53K | 50x | as long as short |
BloFin PNUT-USDT
Extended PNUT-USD
KuCoin PNUTUSDTM
Kraken Futures PF_PNUTUSD
Coinbase International PNUT-PERP-INTX