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

+86%

APR right now

Price gap

+0.213%

between legs

Average spread

+67%

over 24h from our own samples

Over 7 days

+67%

samples: 119

OKXLONG

Bid / ask0.05622 / 0.05624

Mark price0.0562

Volume 24h$5.73M

Open interest$1.69M

Rate-0.0009%

APR-2%

Interval / next payout4h / 1h 38m

OKX

HyperliquidSHORT

Bid / ask0.05636 / 0.05646

Mark price0.0564

Volume 24h$479.27K

Open interest$1.63M

Rate+0.0096%

APR+85%

Interval / next payout1h / 38m

Hyperliquid

Spread from our samples

spread over the period: from 0% to 111% APR, 119 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.