PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0398%/8h= −43.6% APRnext payment −$1.99 per $10,000 · paid last 24h −0.020%

Price spread now: Variational Omni against BingX−0.044%7-day average +0.020% · you buy dearer than you sell

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

Long on BingX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.035%−$3 on $10k

Price spread, last 3 days (all we have)+0.193%+$19 · spread now −0.044%, 7d avg +0.020%

Together, before fees+0.158%+ Points / potential airdropVariational Omni: Active · farm board+$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Variational Omni is 0.064% cheaper against BingX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.020%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.035% in total (about -3.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.99 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PENGU-USDC	0.008765	0.0100	pay 0.0050% / 4h	3h 44m	—	$2.3M	—
Short	Variational Omni PENGU	0.008761	−0.0298	pay 0.0149% / 4h	3h 44m	$867K	$931K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.044%Rate

Funding earned: −$83.57
Price spread: −0.044% → +0.020%: −$6.4
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$99.97
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 8 min ago; Variational Omni: RFQ quote, 30 min ago. 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, 8 min ago	2.27 bp	19.1 bp −$19	61.2 bp −$612	392.0 bp −$39.2K	doesn't fit
Sell Variational Omni RFQ quote, 30 min ago	4.01 bp	doesn't fit	22.4 bp −$224	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
Gate PENGU_USDT	−0.0438%	4h	0.008778	+0.148%	$3.4M	$15.5M	75x	as long as short
Kraken Futures PF_PENGUUSD	−0.0393%	1h	0.008799	+0.390%	$369K	$2.3M	50x	as long as short
Variational Omni PENGUshort	−0.0298%	4h	0.008761	−0.044%	$867K	$931K	—
Bybit PENGUUSDT	−0.0261%	4h	0.008773	+0.091%	$22.9M	$37.2M	75x	as long as short
01 Exchange PENGUUSD	−0.0232%	1h	0.008779	+0.160%	$201	$59	5x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0205%	1h	0.008787	+0.251%	$18K	$10K	10x	as long as short
Backpack PENGU_USDC_PERP	−0.0065%	1h	0.008797	+0.365%	$309K	$311K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0006%	4h	0.008775	+0.115%	$465K	$2.1M	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008782	+0.196%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.274%	$3K	$117K	5.5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado PENGU-PERP	+0.0047%	1h	0.008777	+0.137%	$696K	$778K	5x	as long as short
dYdX PENGU-USD	+0.0069%	1h	0.008800	+0.400%	$12K	$4K	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008797	+0.365%	$308K	$727K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008788	+0.262%	$23K	$184K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008779	+0.160%	$8.2M	$15.6M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008788	+0.262%	$188K	$481K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008789	+0.274%	$152K	$239K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008777	+0.137%	$36.7M	$155.5M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008781	+0.183%	$7.6M	$47.2M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008780	+0.171%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008778	+0.148%	$12.3M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008782	+0.194%	$4.7M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008782	+0.194%	$8.4M	$12.8M	75x	as long as short
BingX PENGU-USDClong	+0.0100%	4h	0.008765	long leg	—	$2.3M	—
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008781	+0.183%	$80K	$254K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008992	+2.590%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008788	+0.262%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008811	+0.525%	$90K	$298K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008780	+0.167%	$183K	$763K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008778	+0.148%	$203K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008776	+0.126%	$296	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008790	+0.285%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0498% / S −0.0683%	1h	0.008782	+0.194%	$111K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1648%	1h	0.008808	+0.491%	$94K	$103K	50x	as long as short