PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0269%/8h= +29.4% APRnext payment +$0.34 per $10,000 · paid last 24h −0.005%

Price spread now: Kraken Futures against Arcus−0.157%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 Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. Kraken Futures is 0.157% cheaper against Arcus than usual: you would sell low and buy high (spread −0.157% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 47 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus PENGU-USD	0.008700	0.0100	pay 0.0013% / 1h	47m 21s	$19K	$23K	5x
Short	Kraken Futures PF_PENGUUSD	0.008686	0.0369	get 0.0046% / 1h	47m 21s	$340K	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.157%Rate

Funding earned: $56.44
Price spread: −0.157% → 0.000%: −$15.71
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $26.23
Costs to cover: 0.145%
Break-even: 3.7 days

Slippage unknown: Arcus: no order-book sample; Kraken Futures: live order book, 1 min ago. 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 Kraken Futures live order book, 1 min ago	6.90 bp	20.3 bp −$20	53.2 bp −$532	doesn't fit	doesn't fit

Arcus: 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
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008686	−0.161%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008687	−0.148%	$32K	—	150x	as long as short
Gate PENGU_USDT	+0.0022%	4h	0.008686	−0.161%	$3.3M	$15.6M	75x	as long as short
01 Exchange PENGUUSD	+0.0032%	1h	0.008692	−0.092%	$199	$64	5x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+1.023%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008684	−0.184%	$309K	$712K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008680	−0.230%	$23K	$129K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008681	−0.216%	$582K	$1.0M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008689	−0.126%	$8.1M	$14.7M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008693	−0.085%	$120K	$579K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PENGU	+0.0100%	1h	0.008684	−0.184%	$153K	$241K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008686	−0.159%	$36.1M	$161.4M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008680	−0.230%	$22.9M	$39.1M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008679	−0.241%	$7.2M	$46.3M	50x	as long as short
Arcus PENGU-USDlong	+0.0100%	1h	0.008700	long leg	$19K	$23K	5x
MEXC PENGU_USDT	+0.0100%	4h	0.008688	−0.138%	$11.0M	$12.3M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008689	−0.126%	$4.8M	$9.2M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008683	−0.195%	$8.2M	$12.3M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008677	−0.264%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008683	−0.195%	$296K	$293K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008695	−0.058%	$864K	$985K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008670	−0.344%	$462K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008667	−0.379%	$79K	$242K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008902	+2.322%	$2K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008680	−0.230%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008691	−0.103%	$90K	$372K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008687	−0.153%	$179K	$946K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008675	−0.287%	$200K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008687	−0.152%	$293	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008670	−0.345%	$1.5M	$3.5M	75x	as long as short
Kraken Futures PF_PENGUUSDshort	+0.0369%	1h	0.008686	−0.157%	$340K	$2.4M	50x
dYdX PENGU-USD	+0.0387%	1h	0.008685	−0.176%	$11K	$5K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0494% / S −0.0419%	1h	0.008689	−0.126%	$123K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2928%	1h	0.008967	+3.069%	$95K	$61K	50x	as long as short