PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Orderly against BingX−0.011%7-day average −0.002% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BingX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 4 days (all we have)+0.088%+$9 · spread now −0.011%, 7d avg −0.002%

Together, before fees+0.066%+$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PENGU-USDT	0.008738	0.0100	pay 0.0050% / 4h	54m 07s	—	$3.6M	—
Short	Orderly PERP_PENGU_USDC	0.008737	0.0099	get 0.0050% / 4h	54m 07s	$23K	$133K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.011%Rate

Funding earned: −$0.2
Price spread: −0.011% → −0.002%: −$0.95
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$17.14
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 11 min ago; Orderly: no order-book sample. Net counts fees only.

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, 11 min ago	0.57 bp	9.0 bp −$9	13.1 bp −$131	42.1 bp −$4,214	398.0 bp −$199.0K
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.011%	$80K	$242K	50x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008735	−0.034%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008741	+0.033%	$32K	—	150x	as long as short
Gate PENGU_USDT	+0.0010%	4h	0.008735	−0.034%	$3.3M	$15.5M	75x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.584%	$3K	$117K	5.5x	as long as short
01 Exchange PENGUUSD	+0.0072%	1h	0.008746	+0.092%	$200	$64	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008741	+0.034%	$311K	$712K	8x	as long as short
Orderly PERP_PENGU_USDCshort	+0.0099%	4h	0.008737	−0.011%	$23K	$133K	20x
Nado PENGU-PERP	+0.0100%	1h	0.008744	+0.074%	$586K	$1.0M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008743	+0.057%	$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	0.008740	+0.028%	$121K	$579K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008749	+0.126%	$154K	$243K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008740	+0.026%	$36.4M	$161.3M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008735	−0.034%	$23.1M	$39.0M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008736	−0.023%	$7.2M	$46.7M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008750	+0.137%	$19K	$23K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008739	+0.011%	$11.2M	$12.2M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008741	+0.034%	$4.8M	$9.2M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008737	−0.011%	$8.2M	$12.3M	75x	as long as short
BingX PENGU-USDTlong	+0.0100%	4h	0.008738	long leg	—	$3.6M	—
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008737	−0.011%	$298K	$295K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008747	+0.104%	$870K	$985K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008757	+0.215%	$460K	$2.1M	10x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008964	+2.586%	$3K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008737	−0.011%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008749	+0.126%	$91K	$372K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008731	−0.076%	$184K	$942K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008728	−0.114%	$202K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008743	+0.060%	$295	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008738	0.000%	$1.5M	$3.5M	75x	as long as short
Kraken Futures PF_PENGUUSD	+0.0366%	1h	0.008745	+0.077%	$342K	$2.4M	50x	as long as short
dYdX PENGU-USD	+0.0442%	1h	0.008753	+0.169%	$12K	$5K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0510% / S −0.0439%	1h	0.008740	+0.023%	$128K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2928%	1h	0.008967	+2.621%	$95K	$61K	50x	as long as short