ArbiLayer

PNUT arbitrage

live

Live Peanut the Squirrel price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread-0.01%OKX → Hyperliquid · Perp–Perp
Best perp–perp spread+0.15%OKX → Hyperliquid
Markets tracked1710 venues · 10 perp · 7 spot · 0 DEX
Price range0.26%$0.0535 – $0.0536

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
OKX logoOKX$0.0535Hyperliquid logoHyperliquid$0.0536 +0.15%-0.01% +0.15%— 0.000%— LS Chart →
MEXC logoMEXC$0.0535Hyperliquid logoHyperliquid$0.0536 +0.13%-0.03% +0.13%— 0.000%— LS Chart →
Binance logoBinance$0.0535Hyperliquid logoHyperliquid$0.0536 +0.11%-0.05% +0.11%— 0.000%— LS Chart →
OKX logoOKX$0.0535Gate logoGate$0.0535 +0.07%-0.09% +0.07%— 0.000%— LS Chart →
Bybit logoBybit$0.0535Hyperliquid logoHyperliquid$0.0536 +0.07%-0.09% +0.07%— 0.000%— LS Chart →
OKX logoOKX$0.0535Bitget logoBitget$0.0535 +0.06%-0.10% +0.06%— 0.000%— LS Chart →
MEXC logoMEXC$0.0535Gate logoGate$0.0535 +0.06%-0.10% +0.06%— 0.000%— LS Chart →
OKX logoOKX$0.0535Bybit logoBybit$0.0535 +0.04%-0.12% +0.04%— 0.000%— LS Chart →
MEXC logoMEXC$0.0535Bitget logoBitget$0.0535 +0.04%-0.12% +0.04%— 0.000%— LS Chart →
Binance logoBinance$0.0535Gate logoGate$0.0535 +0.04%-0.12% +0.04%— 0.000%— LS Chart →
Bitget logoBitget$0.0536Hyperliquid logoHyperliquid$0.0536 +0.04%-0.12% +0.03%— 0.000%— LS Chart →
Gate logoGate$0.0536Hyperliquid logoHyperliquid$0.0536 +0.04%-0.12% +0.03%— 0.000%— LS Chart →
Aster logoAster$0.0536Hyperliquid logoHyperliquid$0.0536 +0.04%-0.12% +0.03%— +0.001%— LS Chart →
OKX logoOKX$0.0535Binance logoBinance$0.0535 +0.02%-0.14% +0.02%— 0.000%— LS Chart →
MEXC logoMEXC$0.0535Bybit logoBybit$0.0535 +0.02%-0.14% +0.02%— 0.000%— LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

PNUT price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
OKX logoOKXPerpetual · PNUT-USDT-SWAPPerpetual $0.0535$0.0535$0.0535-0.08% +0.030%$1.09M
Gate logoGatePerpetual · PNUT_USDTPerpetual $0.0535$0.0536$0.0536+0.02% +0.030%$1.04M
Bybit logoBybitPerpetual · PNUTUSDTPerpetual $0.0535$0.0535$0.0535-0.02% +0.030%$481.1K
Bybit logoBybitSpot · PNUTUSDTSpot $0.0536$0.0536$0.0536+0.06% —$378.0K
Bitget logoBitgetPerpetual · PNUTUSDTPerpetual $0.0535$0.0536$0.0535+0.01% +0.030%$270.9K
OKX logoOKXSpot · PNUT-USDTSpot $0.0536$0.0536$0.0536+0.07% —$204.3K
MEXC logoMEXCPerpetual · PNUT_USDTPerpetual $0.0535$0.0535$0.0535-0.07% +0.030%$185.9K
KuCoin logoKuCoinSpot · PNUT-USDTSpot $0.0535$0.0536$0.0536+0.02% —$150.2K
Hyperliquid logoHyperliquidPerpetual · PNUTPerpetual $0.0536$0.0537$0.0536+0.18% +0.030%$135.0K
KuCoin logoKuCoinPerpetual · PNUTUSDTMPerpetual $0.0535$0.0536$0.0535-0.03% +0.030%$97.2K
Gate logoGateSpot · PNUT_USDTSpot $0.0535$0.0536$0.0536+0.04% —$21.9K
Bitget logoBitgetSpot · PNUTUSDTSpot $0.0535$0.0536$0.05350.00% —$18.5K
Variational logoVariationalPerpetual · PNUTPerpetual $0.0535$0.0536$0.0535-0.03% +0.030%$6.0K
Binance logoBinancePerpetual · PNUTUSDTPerpetual $0.0535$0.0535$0.0535-0.05% +0.030%—
Aster logoAsterPerpetual · PNUTUSDTPerpetual $0.0535$0.0536$0.0535-0.04% +0.029%—
Binance logoBinanceSpot · PNUTUSDTSpot $0.0535$0.0536$0.0536+0.02% ——
MEXC logoMEXCSpot · PNUTUSDTSpot $0.0535$0.0536$0.0535-0.01% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

PNUT arbitrage explained

Right now Peanut the Squirrel (PNUT) trades on 10 venues we scan: 10 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on OKX perp at $0.0535 and the highest bid on Hyperliquid perp at $0.0536.

The widest PNUT perpetual spread is between OKX and Hyperliquid: long PNUT on OKX at $0.0535 and short on Hyperliquid at $0.0536 for +0.15% gross, or -0.01% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is 0.000% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best PNUT route is to buy spot on Bybit and short the perpetual on Hyperliquid: 0.00% gross, -0.20% net, with +0.030% a day of funding on the short leg.

Spot–spot PNUT arbitrage (buy on Bybit, withdraw, deposit and sell on OKX) shows -0.04% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.

Small PNUT gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: PNUT funding rates · PNUT spread charts · Peanut the Squirrel price · arbitrage scanner for all coins.

Is there a PNUT arbitrage opportunity right now?

The best PNUT route right now is to buy on OKX → sell on Hyperliquid (Perp–Perp): +0.15% gross and -0.01% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest PNUT?

OKX (perp) has the lowest PNUT ask at $0.0535, and Hyperliquid (perp) the highest bid at $0.0536. Prices update every 15 seconds on this page.

How many exchanges list PNUT?

ArbiLayer tracks 17 PNUT markets on 10 venues: 10 perpetual, 7 spot and 0 DEX pools.

How do I arbitrage PNUT without transferring coins?

Use two perpetual contracts: go long PNUT on the cheaper exchange (OKX now) and short it on the more expensive one (Hyperliquid), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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