PNUT arbitrage between HyperLiquid and OKX: we compare the price of PNUT on HyperLiquid (futures) and OKX (spot) in real time — the executable spread (buy at the ask, sell at the bid), basis, volume and deposit/withdrawal status. You can see whether the gap holds or is a one-second blip you would never get into.

About Pnut

A pepe looking skwirrel on Solana who likes to make nutty memes

Solana Ecosystem, Meme, Solana Meme, Zoo-Themed

PNUT: OKX — deposit open, withdrawal open.

Open interest in PNUT right now — $13.4M: Binance $3.8M, BingX $3.7M, Bybit $1.9M, KuCoin $1.9M, OKX $1.0M. See OI PNUT.

About PNUT arbitrage

How do I read the PNUT spread?

The spread is how many percent higher PNUT trades on one exchange than on the other. We measure it at tradeable prices (ask/bid) net of fees; “net” is closer to what you actually keep.

Is this arbitrage worth taking?

Look past the spread: check volume, order-book depth and the deposit/withdrawal status on HyperLiquid and OKX. If deposits or withdrawals are shut, or the book is thin, the spread exists on paper but you cannot trade into it.

How do I get PNUT alerts?

Build a rule in the the builder with the spread threshold you want — the notification arrives as a Telegram direct message within seconds.