PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.09 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Bitget−0.130%7-day average −0.072% · you buy dearer than you sell

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

Long on Bitget Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.015%−$1 on $10k

Price spread, last 3 days (all we have)+0.259%+$26 · spread now −0.130%, 7d avg −0.072%

Together, before fees+0.244%+ Points / potential airdropVariational Omni: Active · farm board+$24 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.059% cheaper against Bitget than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.072%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PENGUUSDT	0.008828	0.0100	pay 0.0050% / 4h	1h 39m	$8.4M	$12.6M	75x
Short	Variational Omni PENGU	0.008816	0.0082	get 0.0041% / 4h	1h 39m	$839K	$768K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.130%Rate

Funding earned: −$3.88
Price spread: −0.130% → −0.072%: −$5.86
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$21.74
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 4 min ago; Variational Omni: RFQ quote, 45 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 Bitget live order book, 4 min ago	0.57 bp	12.8 bp −$13	22.3 bp −$223	67.5 bp −$6,754	doesn't fit
Sell Variational Omni RFQ quote, 45 min ago	4.03 bp	doesn't fit	28.2 bp −$282	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
Kraken Futures PF_PENGUUSD	−0.0604%	1h	0.008834	+0.069%	$372K	$2.2M	50x	as long as short
Gate PENGU_USDT	−0.0308%	4h	0.008831	+0.034%	$3.5M	$15.5M	75x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0203%	1h	0.008824	−0.045%	$19K	$9K	10x	as long as short
01 Exchange PENGUUSD	−0.0080%	1h	0.008836	+0.091%	$202	$59	5x	as long as short
Bybit PENGUUSDT	−0.0067%	4h	0.008822	−0.068%	$22.9M	$36.1M	75x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008835	+0.078%	$34K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008715	−1.280%	$3K	$81K	5.5x	as long as short
Variational Omni PENGUshort	+0.0082%	4h	0.008816	−0.130%	$839K	$768K	—
Lighter PENGU	+0.0096%	1h	0.008828	0.000%	$302K	$726K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008836	+0.091%	$684K	$757K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid PENGU	+0.0100%	1h	0.008835	+0.079%	$8.8M	$15.0M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008839	+0.128%	$175K	$465K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008838	+0.113%	$152K	$238K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008826	−0.023%	$36.6M	$151.9M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008824	−0.045%	$7.7M	$47.2M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008840	+0.136%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008833	+0.057%	$13.0M	$12.7M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008834	+0.068%	$4.8M	$8.8M	75x	as long as short
Bitget PENGUUSDTlong	+0.0100%	4h	0.008828	long leg	$8.4M	$12.6M	75x
BingX PENGU-USDC	+0.0100%	4h	0.008819	−0.102%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008840	+0.136%	$315K	$309K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008825	−0.034%	$462K	$2.3M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008824	−0.045%	$80K	$253K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008828	0.000%	$24K	$186K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009044	+2.447%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008824	−0.045%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008843	+0.170%	$92K	$250K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008822	−0.068%	$182K	$682K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008820	−0.091%	$204K	$17K	3x	as long as short
dYdX PENGU-USD	+0.0141%	1h	0.008840	+0.139%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERP	+0.0237%	1h	0.008831	+0.031%	$298	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008819	−0.102%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0511% / S −0.0711%	1h	0.008835	+0.079%	$115K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2504%	1h	0.008936	+1.223%	$95K	$105K	50x	as long as short