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 BingX+0.034%96s7-day average +0.070% · you sell dearer than you buy

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−$560.556% of the position

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.464%+$46 on $10k

Price spread, last 3 days (all we have)+0.077%+$8 · spread now +0.034%, 7d avg +0.070%

Together, before fees+0.541%+$54 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.036% cheaper against BingX than usual: you would sell low and buy high (spread +0.034% now, against its 7-day average of +0.070%). If the spread goes back, that is −$4 on $10k: about 12 hours of funding at the current rate (+$7 a day). The two prices were read 96 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	BingX PENGU-USDC	0.008745	0.0100	pay 0.0050% / 4h	29m 29s	—	$2.3M	—
Short	BloFin PENGU-USDT	0.008748	0.0340	get 0.0170% / 4h	29m 29s	$1.5M	$2.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against BingX. 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 BingXbpFee BloFinbpOrdersPrice spread, now +0.034%Rate

Funding earned: $50.4
Price spread: +0.034% → +0.070%: −$3.59
Slippage, 4 orders: −$33.6
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$8.78
Costs to cover: 0.556%
Break-even: 8.2 days

Slippage from BingX: live order book, 4 min ago; BloFin: 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 BingX live order book, 4 min ago	1.72 bp	14.1 bp −$14	54.1 bp −$541	566.9 bp −$56.7K	1107.3 bp −$553.6K
Sell BloFin live order book, 4 min ago	0.57 bp	11.2 bp −$11	18.0 bp −$180	37.7 bp −$3,767	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	−0.0342%	1h	0.008749	+0.048%	$368K	$2.3M	50x	as long as short
Gate PENGU_USDT	−0.0266%	4h	0.008748	+0.034%	$3.4M	$15.6M	75x	as long as short
Bybit PENGUUSDT	−0.0261%	4h	0.008746	+0.011%	$22.8M	$36.7M	75x	as long as short
01 Exchange PENGUUSD	−0.0240%	1h	0.008751	+0.069%	$200	$59	5x	as long as short
Variational Omni PENGU	−0.0209%	4h	0.008739	−0.063%	$798K	$802K	—	as long as short
Backpack PENGU_USDC_PERP	−0.0127%	1h	0.008742	−0.034%	$311K	$313K	10x	as long as short
Injective PENGU/USDC PERP	−0.0114%	1h	0.008789	+0.503%	$3K	$117K	5.5x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0093%	1h	0.008746	+0.011%	$19K	$9K	10x	as long as short
Nado PENGU-PERP	−0.0001%	1h	0.008751	+0.074%	$695K	$774K	5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008748	+0.032%	$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	+0.0026%	1h	0.008750	+0.060%	$12K	$4K	5x	as long as short
GRVT PENGU_USDT_Perp	+0.0094%	4h	0.008745	−0.001%	$458K	$2.1M	10x	as long as short
Lighter PENGU	+0.0096%	1h	0.008754	+0.103%	$306K	$741K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008747	+0.023%	$23K	$186K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008753	+0.091%	$8.4M	$15.3M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008755	+0.120%	$188K	$468K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008750	+0.057%	$151K	$239K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008752	+0.080%	$36.3M	$154.5M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008751	+0.069%	$7.5M	$47.0M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008750	+0.057%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008751	+0.069%	$12.4M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008754	+0.103%	$4.7M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008757	+0.137%	$8.3M	$12.6M	75x	as long as short
BingX PENGU-USDClong	+0.0100%	4h	0.008745	long leg	—	$2.3M	—
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008754	+0.103%	$80K	$254K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008958	+2.436%	$2K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008742	−0.034%	$999	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008762	+0.194%	$91K	$249K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008751	+0.073%	$180K	$622K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008740	−0.057%	$202K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008751	+0.064%	$295	—	10x	as long as short
BloFin PENGU-USDTshort	+0.0340%	4h	0.008748	+0.034%	$1.5M	$2.8M	75x
GMX PENGU/USD [WBTC.b-USDC]	L +0.0496% / S −0.0683%	1h	0.008747	+0.023%	$110K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2688%	1h	0.008788	+0.492%	$94K	$103K	50x	as long as short