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: HTX against BloFin+0.569%7-day average +0.260% · you sell dearer than you buy

Net, funding: paid 7d − costs−$216as in the Funding arb table

Net, price: spread back to 7d avg − costs−$160as in the Price arb table

costs, in and out, $10k−$1911.908% of the position

Long on BloFin Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.255%−$25 on $10k

Price spread, last 3 days (all we have)−0.372%−$37 · spread now +0.569%, 7d avg +0.260%

Together, before fees−0.626%−$63 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.309% dearer against BloFin than usual: you sell high and buy low (spread +0.569% now, against its 7-day average of +0.260%): +$31 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 4.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PENGU-USDT	0.008793	0.0340	pay 0.0170% / 4h	3h 38m	$1.5M	$2.8M	75x
Short	HTX PENGU-USDT	0.008843	0.0100	get 0.0050% / 4h	3h 38m	$91K	$295K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.569%Rate

Funding earned: −$50.4
Price spread: +0.569% → +0.260%: $30.9
Slippage, 4 orders: −$166.78
Fee BloFin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$210.27
Costs to cover: 1.908%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; HTX: live order book, 33 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, 5 min ago	1.13 bp	8.8 bp −$9	15.5 bp −$155	45.0 bp −$4,501	doesn't fit
Sell HTX live order book, 33 min ago	9.74 bp	155.5 bp −$155	doesn't fit	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
Deribit PENGU_USDC-PERPETUAL	−0.0546%	1h	0.008786	−0.080%	$18K	$10K	10x	as long as short
Kraken Futures PF_PENGUUSD	−0.0393%	1h	0.008801	+0.087%	$368K	$2.3M	50x	as long as short
Gate PENGU_USDT	−0.0362%	4h	0.008796	+0.034%	$3.4M	$15.5M	75x	as long as short
Variational Omni PENGU	−0.0292%	4h	0.008826	+0.377%	$872K	$931K	—	as long as short
01 Exchange PENGUUSD	−0.0232%	1h	0.008789	−0.045%	$201	$59	5x	as long as short
Bybit PENGUUSDT	0.0000%	4h	0.008787	−0.068%	$23.1M	$37.4M	75x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008800	+0.083%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.045%	$3K	$117K	5.5x	as long as short
Backpack PENGU_USDC_PERP	+0.0038%	1h	0.008785	−0.091%	$308K	$312K	10x	as long as short
dYdX PENGU-USD	+0.0055%	1h	0.008793	−0.004%	$12K	$4K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT PENGU_USDT_Perp	+0.0064%	4h	0.008824	+0.352%	$468K	$2.1M	10x	as long as short
Nado PENGU-PERP	+0.0075%	1h	0.008795	+0.023%	$697K	$771K	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008795	+0.023%	$308K	$727K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008794	+0.011%	$23K	$183K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008790	−0.034%	$8.2M	$15.6M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008796	+0.038%	$188K	$481K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008797	+0.045%	$152K	$239K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008793	−0.001%	$36.8M	$155.3M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008790	−0.034%	$7.6M	$47.3M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008800	+0.080%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008798	+0.057%	$12.3M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008800	+0.080%	$4.7M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008800	+0.080%	$8.4M	$12.7M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008790	−0.034%	—	$2.3M	—	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008829	+0.409%	$80K	$254K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008992	+2.263%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008786	−0.080%	$1K	$5K	5x	as long as short
HTX PENGU-USDTshort	+0.0100%	4h	0.008843	+0.569%	$91K	$295K	25x
Extended PENGU-USD	+0.0104%	1h	0.008798	+0.059%	$181K	$864K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008781	−0.136%	$203K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008791	−0.019%	$297	—	10x	as long as short
BloFin PENGU-USDTlong	+0.0340%	4h	0.008793	long leg	$1.5M	$2.8M	75x
GMX PENGU/USD [WBTC.b-USDC]	L +0.0515% / S −0.0720%	1h	0.008804	+0.125%	$116K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1648%	1h	0.008863	+0.796%	$94K	$103K	50x	as long as short