PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%

Price spread now: BloFin against Aster−0.297%92s7-day average −0.016% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$400.402% of the position

Long on Aster Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.468%+$47 on $10k

Price spread, last 3 days (all we have)+0.304%+$30 · spread now −0.297%, 7d avg −0.016%

Together, before fees+0.771%+ Points / potential airdropAster: Stage 5 · farm board+$77 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.281% cheaper against Aster than usual: you would sell low and buy high (spread −0.297% now, against its 7-day average of −0.016%). If the spread goes back, that is −$28 on $10k: about 3.9 days of funding at the current rate (+$7 a day). The two prices were read 92 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PENGUUSDT	0.008732	0.0100	pay 0.0050% / 4h	9m 46s	$187K	$474K	20x
Short	BloFin PENGU-USDT	0.008706	0.0340	get 0.0170% / 4h	9m 46s	$1.5M	$2.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Aster. 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 AsterbpFee BloFinbpOrdersPrice spread, now −0.297%Rate

Funding earned: $50.4
Price spread: −0.297% → −0.016%: −$28.09
Slippage, 4 orders: −$20.21
Fee Aster: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$17.91
Costs to cover: 0.402%
Break-even: 9.5 days

Slippage from Aster: live order book, 3 min ago; BloFin: live order book, 3 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 Aster live order book, 3 min ago	5.16 bp	11.6 bp −$12	182.0 bp −$1,820	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	0.57 bp	8.1 bp −$8	15.2 bp −$152	31.9 bp −$3,185	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
Kraken Futures PF_PENGUUSD	−0.0343%	1h	0.008734	+0.020%	$367K	$2.3M	50x	as long as short
Bybit PENGUUSDT	−0.0325%	4h	0.008718	−0.160%	$22.7M	$36.9M	75x	as long as short
Gate PENGU_USDT	−0.0312%	4h	0.008723	−0.102%	$3.4M	$15.7M	75x	as long as short
Variational Omni PENGU	−0.0310%	4h	0.008693	−0.443%	$859K	$927K	—	as long as short
01 Exchange PENGUUSD	−0.0280%	1h	0.008729	−0.034%	$200	$59	5x	as long as short
Backpack PENGU_USDC_PERP	−0.0185%	1h	0.008725	−0.079%	$306K	$315K	10x	as long as short
Injective PENGU/USDC PERP	−0.0114%	1h	0.008789	+0.653%	$3K	$117K	5.5x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0094%	1h	0.008727	−0.057%	$18K	$10K	10x	as long as short
Nado PENGU-PERP	−0.0025%	1h	0.008727	−0.059%	$694K	$777K	5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008728	−0.051%	$33K	—	150x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX PENGU-USD	+0.0018%	1h	0.008730	−0.018%	$12K	$4K	5x	as long as short
GRVT PENGU_USDT_Perp	+0.0078%	4h	0.008721	−0.125%	$456K	$2.1M	10x	as long as short
Lighter PENGU	+0.0096%	1h	0.008731	−0.011%	$305K	$741K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008727	−0.057%	$23K	$186K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008731	−0.011%	$8.4M	$15.3M	5x	as long as short
Aster PENGUUSDTlong	+0.0100%	4h	0.008732	long leg	$187K	$474K	20x
Pacifica PENGU	+0.0100%	1h	0.008725	−0.079%	$150K	$239K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008729	−0.037%	$36.1M	$155.1M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008723	−0.102%	$7.5M	$46.9M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008730	−0.022%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008725	−0.079%	$12.3M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008724	−0.091%	$4.7M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008733	+0.012%	$8.3M	$12.7M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008725	−0.079%	—	$3.9M	—	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008729	−0.034%	$79K	$254K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008932	+2.291%	$2K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008724	−0.091%	$996	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008734	+0.024%	$91K	$249K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008723	−0.105%	$179K	$622K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008722	−0.114%	$201K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008720	−0.138%	$294	—	10x	as long as short
BloFin PENGU-USDTshort	+0.0340%	4h	0.008706	−0.297%	$1.5M	$2.7M	75x
GMX PENGU/USD [WBTC.b-USDC]	L +0.0495% / S −0.0683%	1h	0.008726	−0.068%	$110K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2688%	1h	0.008768	+0.413%	$93K	$103K	50x	as long as short