PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%

Price spread now: BloFin against Bitget+0.080%95s7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs$0as 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−$470.469% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.469%+$47 on $10k

Price spread, last 4 days (all we have)+0.149%+$15 · spread now +0.080%, 7d avg −0.025%

Together, before fees+0.618%+$62 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.105% dearer against Bitget than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.025%. The two prices were read 95 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	Bitget PENGUUSDT	0.008731	0.0100	pay 0.0050% / 4h	53m 38s	$8.2M	$12.3M	75x
Short	BloFin PENGU-USDT	0.008738	0.0340	get 0.0170% / 4h	53m 38s	$1.5M	$3.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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 BitgetbpFee BloFinbpOrdersPrice spread, now +0.080%Rate

Funding earned: $50.4
Price spread: +0.080% → −0.025%: $10.51
Slippage, 4 orders: −$22.92
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: $14
Costs to cover: 0.469%
Break-even: 5.1 days

Slippage from Bitget: live order book, 5 min ago; BloFin: live order book, 5 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 Bitget live order book, 5 min ago	1.14 bp	13.7 bp −$14	30.0 bp −$300	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	0.57 bp	12.1 bp −$12	13.2 bp −$132	37.4 bp −$3,742	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	+0.069%	$80K	$242K	50x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008735	+0.046%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008741	+0.113%	$32K	—	150x	as long as short
Gate PENGU_USDT	+0.0016%	4h	0.008728	−0.034%	$3.3M	$15.5M	75x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.664%	$3K	$117K	5.5x	as long as short
01 Exchange PENGUUSD	+0.0064%	1h	0.008739	+0.092%	$200	$64	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008737	+0.069%	$311K	$712K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008737	+0.069%	$23K	$133K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008744	+0.155%	$586K	$1.0M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008740	+0.103%	$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	+0.103%	$121K	$579K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008735	+0.046%	$154K	$243K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008732	+0.016%	$36.3M	$161.3M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008726	−0.057%	$23.1M	$39.0M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008728	−0.034%	$7.2M	$46.7M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008730	−0.011%	$19K	$23K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008730	−0.011%	$11.2M	$12.2M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008733	+0.023%	$4.8M	$9.2M	75x	as long as short
Bitget PENGUUSDTlong	+0.0100%	4h	0.008731	long leg	$8.2M	$12.3M	75x
BingX PENGU-USDT	+0.0100%	4h	0.008731	0.000%	—	$3.6M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008737	+0.069%	$298K	$295K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008747	+0.184%	$870K	$985K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008757	+0.296%	$460K	$2.1M	10x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008964	+2.669%	$3K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008737	+0.069%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008749	+0.206%	$91K	$372K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008727	−0.043%	$184K	$942K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008728	−0.034%	$202K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008743	+0.141%	$295	—	10x	as long as short
BloFin PENGU-USDTshort	+0.0340%	4h	0.008738	+0.080%	$1.5M	$3.5M	75x
Kraken Futures PF_PENGUUSD	+0.0366%	1h	0.008745	+0.158%	$342K	$2.4M	50x	as long as short
dYdX PENGU-USD	+0.0442%	1h	0.008738	+0.077%	$12K	$5K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0510% / S −0.0439%	1h	0.008740	+0.103%	$128K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2928%	1h	0.008967	+2.703%	$95K	$61K	50x	as long as short