Funding arb · Price arb / Crypto
PENGU
All PENGU markets →| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.01032 | +0.0100 | pay 0.0050% / 4h | 3h 06m | $320K | $789K | 20x | Long Aster≤10% back | |
| SHORT | 0.01030 | +0.0100 | get 0.0050% / 4h | 3h 06m | $1.6M | $2.8M | 50x | Short Phemex |
Price gap−0.199%52s
Funding gap0.0000% /8h
Funding is ≈ 0 and the gap is 0.149% under its 7d average: the price leg works against you, −$15 on $10k if it goes back.
The two prices were read 52 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding$00.0000% /8h now · paid 0.000% over the last 7D
Price—spread −0.199%52s now · prices read too far apart to compare
Costs−$1121.124% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.199%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hPENGU on 35 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size15.4 / 38.6 bpAt $10k entering Phemex costs 38.6 bp, fee and slippage, 2.5× Aster’s.
- Note: Margin at max leverage$500 + $200Aster 20x, Phemex 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval4h / 4hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: $0.00Long Aster: 6 payments, −$3.00; short Phemex: 6 payments, +$3.00.
- Watch: Prices read 52 s apart−0.199% vs −0.050%Part of this gap may be the market moving.
- Watch: Long leg is thinner$320K vs $1.6M OIAster sets your exit cost. Check its book before closing.
- OK: Points on a legAster Stage 5Volume here counts toward the points program.
- Watch: KYCAster No · Phemex YesKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned0.0000%/8h × 21 periods$0.00
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$92.41
Fee Aster bp × 2 orders−$8.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$112.41
price spread not counted: prices read too far apartCosts to cover1.124%Break-evennever at this rate
Slippage: Aster: live order book, 65 min ago; Phemex: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGAster3.4715.4 bp−$1575.5 bp−$755doesn’t fitdoesn’t fit
SELL · SHORTPhemex5.3638.6 bp−$39161.8 bp−$1,618doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-30 01:05 | Reya | Listing | PENGURUSDPERP no longer reported ($PENGU) seen by our collector |
| 09-29 21:28 | Kraken Futures | Other | "Bro, I am in a state of absolute abundance. Crypto. Stocks. Earning rewards. Secure. I'm swimming in options. While you're chasing rugs, I am chilling with my premium, strategic portfolio. This is what building wealth looks like. Fix your mindset, bro. Get on Kraken." -PENGU @krakenfx on X ↗ |
| 09-23 09:31 | Phemex | Listing | new market PENGUUSDT ($PENGU) seen by our collector |
| 09-19 12:00 | KuCoin | Other | Altseason 2026 hasn't officially started—CoinMarketCap's Altcoin Season Index sits near 44, well below the 75 threshold, and Bitcoin dominance is still holding around 58%. But a handful of names are already breaking away: HYPE and ZEC are leading on market cap and momentum, LINK and ONDO anchor the RWA/oracle narrative, while UNI, AAVE, XRP, PENGU, PONS, and Binance Life round out the top 10 watchlist. Which 10 altcoins are traders positioning in before the rotation? We break it all down on the KuCoin Blog 👇 @kucoincom on X ↗ |


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