PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0358%/8h= −39.2% APRnext payment −$1.79 per $10,000 · paid last 24h −0.015%

Price spread now: Gate against Aster−0.096%7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$570.571% of the position

Long on Aster Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.107%−$11 on $10k

Price spread, last 4 days (all we have)+0.159%+$16 · spread now −0.096%, 7d avg −0.039%

Together, before fees+0.052%+ Points / potential airdropAster: Stage 5 · farm board+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Gate is 0.056% cheaper against Aster than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.039%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.107% in total (about -5.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.79 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	Aster PENGUUSDT	0.008700	0.0100	pay 0.0050% / 4h	2h 18m	$172K	$448K	20x
Short	Gate PENGU_USDT	0.008692	−0.0258	pay 0.0129% / 4h	2h 18m	$3.4M	$15.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.096%Rate

Funding earned: −$75.18
Price spread: −0.096% → −0.039%: −$5.62
Slippage, 4 orders: −$34.1
Fee Aster: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$137.9
Costs to cover: 0.571%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; Gate: live order book, 5 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, 4 min ago	5.16 bp	11.5 bp −$11	102.7 bp −$1,027	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	3.45 bp	15.8 bp −$16	42.1 bp −$421	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
Kraken Futures PF_PENGUUSD	−0.0550%	1h	0.008701	+0.010%	$387K	$2.1M	50x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0325%	1h	0.008696	−0.050%	$19K	$9K	10x	as long as short
Gate PENGU_USDTshort	−0.0258%	4h	0.008692	−0.096%	$3.4M	$15.4M	75x
Injective PENGU/USDC PERP	−0.0110%	1h	0.008715	+0.169%	$3K	$81K	5.5x	as long as short
dYdX PENGU-USD	0.0000%	1h	0.008700	−0.006%	$11K	$4K	5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008700	−0.002%	$33K	—	150x	as long as short
01 Exchange PENGUUSD	+0.0008%	1h	0.008697	−0.038%	$199	$59	5x	as long as short
Backpack PENGU_USDC_PERP	+0.0022%	1h	0.008693	−0.084%	$310K	$314K	10x	as long as short
Bybit PENGUUSDT	+0.0025%	4h	0.008687	−0.153%	$22.6M	$36.0M	75x	as long as short
Lighter PENGU	+0.0096%	1h	0.008695	−0.061%	$298K	$723K	8x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado PENGU-PERP	+0.0100%	1h	0.008697	−0.032%	$675K	$757K	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008705	+0.054%	$8.7M	$15.2M	5x	as long as short
Aster PENGUUSDTlong	+0.0100%	4h	0.008700	long leg	$172K	$448K	20x
Pacifica PENGU	+0.0100%	1h	0.008697	−0.038%	$147K	$236K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008695	−0.063%	$36.0M	$151.2M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008695	−0.061%	$7.7M	$46.5M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008700	−0.004%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008696	−0.050%	$12.8M	$12.7M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008700	−0.004%	$4.7M	$8.7M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008698	−0.027%	$8.2M	$12.5M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008696	−0.050%	—	$3.9M	—	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008709	+0.100%	$799K	$714K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008701	+0.008%	$455K	$2.4M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008718	+0.203%	$79K	$253K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008696	−0.050%	$21K	$184K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008907	+2.376%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008691	−0.107%	$985	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008716	+0.180%	$91K	$249K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008691	−0.106%	$179K	$682K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008693	−0.084%	$201K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0237%	1h	0.008696	−0.046%	$294	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008703	+0.031%	$1.5M	$2.7M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0503% / S −0.0703%	1h	0.008699	−0.015%	$112K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2992%	1h	0.008728	+0.318%	$94K	$97K	50x	as long as short