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 Binance−0.020%101s7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs+$9as 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−$400.399% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.486%+$49 on $10k

Price spread, last 3 days (all we have)+0.130%+$13 · spread now −0.020%, 7d avg +0.026%

Together, before fees+0.616%+$62 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.046% cheaper against Binance than usual: you would sell low and buy high (spread −0.020% now, against its 7-day average of +0.026%). If the spread goes back, that is −$5 on $10k: about 15 hours of funding at the current rate (+$7 a day). The two prices were read 101 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	Binance PENGUUSDT	0.008790	0.0100	pay 0.0050% / 4h	1h 11m	$36.5M	$153.2M	75x
Short	BloFin PENGU-USDT	0.008788	0.0340	get 0.0170% / 4h	1h 11m	$1.5M	$2.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Binance. 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 BinancebpFee BloFinbpOrdersPrice spread, now −0.020%Rate

Funding earned: $50.4
Price spread: −0.020% → +0.026%: −$4.6
Slippage, 4 orders: −$17.88
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $5.92
Costs to cover: 0.399%
Break-even: 6.2 days

Slippage from Binance: live order book, 2 min ago; BloFin: live order book, 7 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 Binance live order book, 2 min ago	0.57 bp	9.8 bp −$10	18.2 bp −$182	68.7 bp −$6,870	doesn't fit
Sell BloFin live order book, 7 min ago	1.71 bp	12.2 bp −$12	17.4 bp −$174	40.6 bp −$4,058	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	−0.0606%	1h	0.008804	+0.166%	$368K	$2.2M	50x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0318%	1h	0.008798	+0.094%	$19K	$9K	10x	as long as short
Gate PENGU_USDT	−0.0294%	4h	0.008788	−0.020%	$3.4M	$15.6M	75x	as long as short
Bybit PENGUUSDT	−0.0180%	4h	0.008784	−0.065%	$22.9M	$36.5M	75x	as long as short
01 Exchange PENGUUSD	−0.0112%	1h	0.008786	−0.043%	$201	$59	5x	as long as short
Variational Omni PENGU	−0.0046%	4h	0.008785	−0.049%	$802K	$802K	—	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008799	+0.109%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.009%	$3K	$117K	5.5x	as long as short
Nado PENGU-PERP	+0.0074%	1h	0.008790	+0.003%	$684K	$760K	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008797	+0.082%	$309K	$736K	8x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid PENGU	+0.0100%	1h	0.008801	+0.128%	$8.8M	$15.0M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008798	+0.096%	$189K	$467K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008794	+0.048%	$152K	$239K	5x	as long as short
Binance PENGUUSDTlong	+0.0100%	4h	0.008790	long leg	$36.5M	$153.2M	75x
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008788	−0.020%	$7.6M	$47.2M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008790	+0.003%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008792	+0.026%	$12.7M	$12.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008796	+0.071%	$4.8M	$8.9M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008797	+0.082%	$8.4M	$12.6M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008789	−0.009%	—	$3.9M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008794	+0.048%	$314K	$309K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008788	−0.019%	$460K	$2.3M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008793	+0.037%	$80K	$253K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008798	+0.094%	$23K	$186K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009006	+2.460%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008793	+0.037%	$999	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008806	+0.185%	$92K	$249K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008787	−0.029%	$181K	$682K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008791	+0.014%	$203K	$17K	3x	as long as short
dYdX PENGU-USD	+0.0126%	1h	0.008797	+0.082%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERP	+0.0237%	1h	0.008788	−0.015%	$297	—	10x	as long as short
BloFin PENGU-USDTshort	+0.0340%	4h	0.008788	−0.020%	$1.5M	$2.8M	75x
GMX PENGU/USD [WBTC.b-USDC]	L +0.0511% / S −0.0711%	1h	0.008800	+0.117%	$115K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2504%	1h	0.008896	+1.209%	$95K	$105K	50x	as long as short