What is Peanut the Squirrel?
Peanut the Squirrel is a meme coin on Solana, launched in 2024 on pump.fun. It is named after a pet squirrel in New York whose seizure and euthanasia by state authorities became widely covered news. The coin has no product, and its value rests on community interest.
The PNUT perpetual tracks the price of Peanut the Squirrel, settles in USDC and never expires. It trades on Hyperliquid's main exchange. You can go long or short with up to 3× leverage, around the clock.
Contract details
- Market
PNUT, main exchange- Tracks
- The price of Peanut the Squirrel
- Settlement
- USDC, no expiry
- Leverage
- 3× at any size
- Margin
- Cross or isolated
- Size step
- 0.1 PNUT
- Funding
- Paid every hour
- Fees on Hypurr Desk
- 0.07% market, 0.04% limit
- Trading hours
- Around the clock, every day
Size a PNUT trade from its stop
Hypurr Desk asks where your stop goes and how much of your account you are willing to lose there, then works out the size. An example at 0.04024, from when this page was built:
- Account
- $1,000.00
- Risk
- 1% = $10.00
- Stop
- 2% below entry, at 0.03944
- Size
- 11486.5 PNUT ($462.33)
- Loss at the stop, fees included
- $10.00
- Leverage
- 3× cross, $154.11 margin
The stop sets the loss, not the leverage: leverage only decides how much margin the position ties up. Move the stop and the size follows, so a wider stop means a smaller position and the same loss. The stop is placed on the exchange with the entry. How risk sizing works.
Questions about PNUT
What is the maximum leverage on PNUT?
3×. Hypurr Desk sizes each order from your stop, so the leverage follows from how much you choose to risk.
How often is funding paid on PNUT?
Every hour. When the rate is positive, longs pay shorts; when it is negative, shorts pay longs. The current rate is shown at the top of this page.
What does it cost to trade PNUT on Hypurr Desk?
At the exchange's base tier, 0.07% of the position value for market orders and 0.04% for limit orders that rest on the book, including the 0.025% Hypurr Desk fee. There is no subscription and no sign-up.
Do I own PNUT when I trade this market?
No. A perpetual tracks the price of Peanut the Squirrel and settles gains and losses in USDC. You never hold the coins, and positions can be closed out if losses use up their margin.
