PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0214%/8h= +23.4% APRnext payment +$0.27 per $10,000 · paid last 24h +0.003%

Price spread now: Kraken Futures against Aevo+0.201%7-day average +0.117% · you sell dearer than you buy

Net, funding: paid 7d − costs−$187as in the Funding arb table

Net, price: spread back to 7d avg − costs−$187as in the Price arb table

costs, in and out, $10k−$1951.953% of the position

Long on Aevo Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.081%+$8 on $10k

Price spread, last 4 days (all we have)−0.026%−$3 · spread now +0.201%, 7d avg +0.117%

Together, before fees+0.055%+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Kraken Futures is 0.083% dearer against Aevo than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.117%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.081% in total (about 4.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.27 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo PENGU-PERP	0.008860	0.0104	pay 0.0013% / 1h	19m 19s	$205K	—	3x
Short	Kraken Futures PF_PENGUUSD	0.008878	0.0318	get 0.0040% / 1h	19m 19s	$324K	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aevo. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AevobpFee Kraken FuturesbpOrdersPrice spread, now +0.201%Rate

Funding earned: $44.96
Price spread: +0.201% → +0.117%: $8.34
Slippage, 4 orders: −$169.26
Fee Aevo: 8 bp × 2 orders: −$16
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$141.96
Costs to cover: 1.953%
Break-even: 29.1 days

Slippage from Aevo: live order book, 30 min ago; Kraken Futures: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aevo live order book, 30 min ago	68.10 bp	83.7 bp −$84	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	3.43 bp	14.8 bp −$15	40.0 bp −$400	doesn't fit	doesn't fit

PENGU on 34 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008872	+0.140%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.801%	$3K	$117K	5.5x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0088%	1h	0.008870	+0.113%	$16K	$13K	10x	as long as short
Lighter PENGU	+0.0096%	1h	0.008884	+0.271%	$322K	$750K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008882	+0.248%	$602K	$1.1M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008881	+0.237%	$8.2M	$15.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008874	+0.160%	$122K	$667K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008876	+0.181%	$135K	$273K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008880	+0.223%	$37.5M	$177.5M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008869	+0.102%	$23.5M	$42.0M	75x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008873	+0.147%	$7.5M	$51.4M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008880	+0.226%	$18K	$26K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.008873	+0.147%	$3.3M	$16.6M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008876	+0.181%	$10.5M	$12.7M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008877	+0.192%	$4.9M	$9.7M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008873	+0.147%	$8.5M	$13.4M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008872	+0.135%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008864	+0.045%	$292K	$338K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008816	−0.497%	$920K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008765	−1.069%	$458K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008756	−1.174%	$79K	$250K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008876	+0.181%	$23K	$175K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009087	+2.562%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008871	+0.124%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008868	+0.090%	$92K	$392K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008867	+0.075%	$183K	$876K	10x	as long as short
Aevo PENGU-PERPlong	+0.0104%	1h	0.008860	long leg	$205K	—	3x
dYdX PENGU-USD	+0.0171%	1h	0.008877	+0.194%	$12K	$6K	5x	as long as short
01 Exchange PENGUUSD	+0.0192%	1h	0.008884	+0.271%	$203	$64	5x	as long as short
Reya PENGURUSDPERP	+0.0240%	1h	0.008874	+0.155%	$300	—	10x	as long as short
Kraken Futures PF_PENGUUSDshort	+0.0318%	1h	0.008878	+0.201%	$324K	$2.4M	50x
BloFin PENGU-USDT	+0.0340%	4h	0.008841	−0.214%	$1.5M	$4.7M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0503% / S −0.0466%	1h	0.008870	+0.113%	$123K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1752%	1h	0.008872	+0.135%	$78K	$77K	50x	as long as short