PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.061%

Price spread now: Deribit against Arcus−0.285%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Arcus Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.285% cheaper against Arcus than usual: you would sell low and buy high (−$29 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus PENGU-USD	0.008770	0.0100	pay 0.0013% / 1h	53m 27s	$19K	$24K	5x
Short	Deribit PENGU_USDC-PERPETUAL	0.008745	0	get 0.0000% / 1h	53m 27s	$18K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Arcus. 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 ArcusbpFee DeribitbpOrdersPrice spread, now −0.285%Rate

Funding earned: −$21
Price spread: −0.285% → 0.000%: −$28.51
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$61.01
Costs to cover: 0.115%
Break-even: never at this rate

Slippage unknown: Arcus: no order-book sample; Deribit: no order-book sample. Net counts fees only.

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 Arcus no order-book sample	—	—	—	—	—
Sell Deribit no order-book sample	—	—	—	—	—

Arcus and Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
ApeX Omni PENGUUSDT	−0.1869%	1h	0.008781	+0.125%	$80K	$249K	50x	as long as short
Nado PENGU-PERP	−0.0228%	1h	0.008787	+0.194%	$517K	$901K	5x	as long as short
Variational Omni PENGU	−0.0113%	4h	0.008707	−0.717%	$863K	$1.0M	—	as long as short
Gate PENGU_USDT	−0.0092%	4h	0.008784	+0.160%	$3.4M	$15.3M	75x	as long as short
Deribit PENGU_USDC-PERPETUALshort	0.0000%	1h	0.008745	−0.285%	$18K	$10K	10x
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008791	+0.238%	$32K	—	150x	as long as short
01 Exchange PENGUUSD	+0.0024%	1h	0.008777	+0.080%	$201	$64	5x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.217%	$3K	$117K	5.5x	as long as short
dYdX PENGU-USD	+0.0067%	1h	0.008758	−0.140%	$12K	$4K	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008760	−0.114%	$304K	$698K	8x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_PENGU_USDC	+0.0097%	4h	0.008795	+0.285%	$19K	$179K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008780	+0.114%	$8.2M	$14.9M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008766	−0.051%	$168K	$485K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008764	−0.068%	$151K	$240K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008787	+0.197%	$37.2M	$156.4M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008782	+0.137%	$22.9M	$37.9M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008794	+0.274%	$7.5M	$47.5M	50x	as long as short
Arcus PENGU-USDlong	+0.0100%	1h	0.008770	long leg	$19K	$24K	5x
MEXC PENGU_USDT	+0.0100%	4h	0.008790	+0.228%	$12.4M	$12.7M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008780	+0.114%	$4.7M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008789	+0.217%	$8.3M	$12.6M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008787	+0.194%	—	$3.7M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008753	−0.194%	$300K	$323K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008735	−0.403%	$463K	$2.0M	10x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008939	+1.927%	$2K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008748	−0.251%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008743	−0.308%	$90K	$303K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008766	−0.046%	$180K	$940K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008747	−0.262%	$202K	—	3x	as long as short
Kraken Futures PF_PENGUUSD	+0.0211%	1h	0.008760	−0.108%	$362K	$2.3M	50x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008787	+0.192%	$297	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008732	−0.433%	$1.5M	$3.2M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0496% / S −0.0675%	1h	0.008785	+0.171%	$110K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1352%	1h	0.008967	+2.246%	$95K	$104K	50x	as long as short