PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0094%/8h= −10.3% APRnext payment −$0.47 per $10,000 · paid last 24h −0.035%

Price spread now: Gate against Binance−0.039%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$520.516% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.100%−$10 on $10k

Price spread, last 7 days+0.053%+$5 · spread now −0.039%, 7d avg +0.002%

Together, before fees−0.046%−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.041% cheaper against Binance than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.002%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PENGUUSDT	0.008750	0.0100	pay 0.0050% / 4h	54m 56s	$36.4M	$161.3M	75x
Short	Gate PENGU_USDT	0.008747	0.0006	get 0.0003% / 4h	54m 56s	$3.3M	$15.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.039%Rate

Funding earned: −$19.74
Price spread: −0.039% → +0.002%: −$4.07
Slippage, 4 orders: −$26.57
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$75.37
Costs to cover: 0.516%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; Gate: live order book, 4 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, 3 min ago	0.57 bp	10.4 bp −$10	19.8 bp −$198	79.8 bp −$7,980	doesn't fit
Sell Gate live order book, 4 min ago	2.86 bp	16.4 bp −$16	49.8 bp −$498	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
ApeX Omni PENGUUSDT	−0.0359%	1h	0.008737	−0.153%	$80K	$242K	50x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008744	−0.073%	$18K	$10K	10x	as long as short
Gate PENGU_USDTshort	+0.0006%	4h	0.008747	−0.039%	$3.3M	$15.5M	75x
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008742	−0.101%	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.441%	$3K	$117K	5.5x	as long as short
01 Exchange PENGUUSD	+0.0072%	1h	0.008746	−0.050%	$200	$64	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008747	−0.039%	$311K	$712K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008746	−0.050%	$23K	$134K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008739	−0.128%	$585K	$1.0M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008753	+0.030%	$8.1M	$14.7M	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PENGUUSDT	+0.0100%	4h	0.008753	+0.024%	$121K	$579K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008738	−0.142%	$154K	$243K	5x	as long as short
Binance PENGUUSDTlong	+0.0100%	4h	0.008750	long leg	$36.4M	$161.3M	75x
Bybit PENGUUSDT	+0.0100%	4h	0.008746	−0.050%	$23.2M	$39.0M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008747	−0.039%	$7.3M	$46.8M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008740	−0.119%	$19K	$23K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008751	+0.007%	$11.2M	$12.2M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008749	−0.016%	$4.8M	$9.2M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008752	+0.018%	$8.2M	$12.4M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008748	−0.028%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008748	−0.028%	$299K	$295K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008747	−0.038%	$870K	$985K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008757	+0.073%	$460K	$2.1M	10x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008959	+2.384%	$3K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008743	−0.085%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008756	+0.064%	$91K	$371K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008749	−0.022%	$184K	$942K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008743	−0.085%	$202K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008736	−0.162%	$295	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008738	−0.142%	$1.5M	$3.5M	75x	as long as short
Kraken Futures PF_PENGUUSD	+0.0366%	1h	0.008753	+0.026%	$343K	$2.4M	50x	as long as short
dYdX PENGU-USD	+0.0417%	1h	0.008736	−0.170%	$12K	$5K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0510% / S −0.0439%	1h	0.008741	−0.108%	$128K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2928%	1h	0.008967	+2.475%	$95K	$61K	50x	as long as short