PNUT: OKX → Hyperliquid

Long on the venue with the lower rate, short on the venue with the higher one. Income comes from the rate difference; price exposure cancels out.

Spread

+88%

APR right now

Price gap

+0.177%

between legs

Average spread

+67%

over 24h from our own samples

Over 7 days

+67%

samples: 121

OKXLONG

Bid / ask0.05663 / 0.05664

Mark price0.05664

Volume 24h$5.82M

Open interest$1.69M

Rate-0.0012%

APR-3%

Interval / next payout4h / 1h 20m

OKX

HyperliquidSHORT

Bid / ask0.05674 / 0.0569

Mark price0.05678

Volume 24h$479.79K

Open interest$1.65M

Rate+0.0097%

APR+85%

Interval / next payout1h / 20m

Hyperliquid

Spread from our samples

spread over the period: from 0% to 111% APR, 121 samples

The rate can flip at any moment, and then the position starts costing money. Size is limited by the weaker leg, and entry and exit both pay fees on two venues. Not financial advice.