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: Aster against BloFin+0.275%102s7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$87as 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−$400.402% of the position

Long on BloFin Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.468%−$47 on $10k

Price spread, last 3 days (all we have)−0.282%−$28 · spread now +0.275%, 7d avg +0.016%

Together, before fees−0.750%+ Points / potential airdropAster: Stage 5 · farm board−$75 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.259% dearer against BloFin than usual: you sell high and buy low (spread +0.275% now, against its 7-day average of +0.016%): +$26 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 3.6 days. The two prices were read 102 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	BloFin PENGU-USDT	0.008706	0.0340	pay 0.0170% / 4h	9m 36s	$1.5M	$2.7M	75x
Short	Aster PENGUUSDT	0.008730	0.0100	get 0.0050% / 4h	9m 36s	$187K	$474K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against BloFin. 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 BloFinbpFee AsterbpOrdersPrice spread, now +0.275%Rate

Funding earned: −$50.4
Price spread: +0.275% → +0.016%: $25.92
Slippage, 4 orders: −$20.21
Fee BloFin: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$64.69
Costs to cover: 0.402%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; Aster: live order book, 3 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 BloFin live order book, 4 min ago	0.57 bp	9.1 bp −$9	14.9 bp −$149	45.7 bp −$4,572	doesn't fit
Sell Aster live order book, 3 min ago	5.16 bp	11.4 bp −$11	40.7 bp −$407	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	−0.0343%	1h	0.008734	+0.318%	$367K	$2.3M	50x	as long as short
Bybit PENGUUSDT	−0.0323%	4h	0.008722	+0.184%	$22.7M	$36.9M	75x	as long as short
Variational Omni PENGU	−0.0310%	4h	0.008693	−0.147%	$859K	$927K	—	as long as short
Gate PENGU_USDT	−0.0306%	4h	0.008720	+0.161%	$3.4M	$15.7M	75x	as long as short
01 Exchange PENGUUSD	−0.0280%	1h	0.008723	+0.195%	$200	$59	5x	as long as short
Backpack PENGU_USDC_PERP	−0.0185%	1h	0.008725	+0.218%	$306K	$315K	10x	as long as short
Injective PENGU/USDC PERP	−0.0114%	1h	0.008789	+0.953%	$3K	$117K	5.5x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0094%	1h	0.008727	+0.241%	$18K	$10K	10x	as long as short
Nado PENGU-PERP	−0.0025%	1h	0.008730	+0.276%	$694K	$777K	5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008728	+0.247%	$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	+0.0018%	1h	0.008730	+0.280%	$12K	$4K	5x	as long as short
GRVT PENGU_USDT_Perp	+0.0078%	4h	0.008703	−0.034%	$455K	$2.1M	10x	as long as short
Lighter PENGU	+0.0096%	1h	0.008731	+0.287%	$305K	$741K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008727	+0.241%	$23K	$186K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008731	+0.287%	$8.4M	$15.3M	5x	as long as short
Aster PENGUUSDTshort	+0.0100%	4h	0.008730	+0.275%	$187K	$474K	20x
Pacifica PENGU	+0.0100%	1h	0.008725	+0.218%	$150K	$239K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008729	+0.264%	$36.1M	$155.1M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008726	+0.230%	$7.5M	$46.9M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008720	+0.161%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008725	+0.218%	$12.3M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008724	+0.207%	$4.7M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008734	+0.322%	$8.3M	$12.7M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008710	+0.046%	—	$2.3M	—	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008729	+0.264%	$79K	$254K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008932	+2.596%	$2K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008724	+0.207%	$996	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008734	+0.322%	$91K	$249K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008720	+0.156%	$179K	$622K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008722	+0.184%	$201K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008732	+0.298%	$295	—	10x	as long as short
BloFin PENGU-USDTlong	+0.0340%	4h	0.008706	long leg	$1.5M	$2.7M	75x
GMX PENGU/USD [WBTC.b-USDC]	L +0.0495% / S −0.0683%	1h	0.008726	+0.230%	$110K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2688%	1h	0.008768	+0.712%	$93K	$103K	50x	as long as short