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: OKX against BloFin−0.045%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$430.431% of the position

Long on BloFin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.527%−$53 on $10k

Price spread, last 3 days (all we have)−0.035%−$4 · spread now −0.045%, 7d avg −0.026%

Together, before fees−0.563%−$56 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.026%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PENGU-USDT	0.008798	0.0340	pay 0.0170% / 4h	1h 08m	$1.5M	$2.8M	75x
Short	OKX PENGU-USDT-SWAP	0.008794	0.0100	get 0.0050% / 4h	1h 08m	$7.6M	$47.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.045%Rate

Funding earned: −$50.4
Price spread: −0.045% → −0.026%: −$1.92
Slippage, 4 orders: −$21.14
Fee BloFin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$95.47
Costs to cover: 0.431%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; OKX: 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 BloFin live order book, 4 min ago	3.41 bp	10.9 bp −$11	16.5 bp −$165	44.1 bp −$4,406	doesn't fit
Sell OKX live order book, 5 min ago	0.57 bp	9.9 bp −$10	23.6 bp −$236	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	−0.0606%	1h	0.008804	+0.073%	$368K	$2.2M	50x	as long as short
Gate PENGU_USDT	−0.0288%	4h	0.008792	−0.068%	$3.4M	$15.6M	75x	as long as short
Bybit PENGUUSDT	−0.0179%	4h	0.008790	−0.091%	$22.9M	$36.4M	75x	as long as short
01 Exchange PENGUUSD	−0.0120%	1h	0.008793	−0.057%	$201	$59	5x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0091%	1h	0.008796	−0.023%	$19K	$9K	10x	as long as short
Variational Omni PENGU	−0.0063%	4h	0.008782	−0.178%	$803K	$802K	—	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008798	−0.003%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.102%	$3K	$117K	5.5x	as long as short
Nado PENGU-PERP	+0.0064%	1h	0.008793	−0.051%	$685K	$759K	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008797	−0.011%	$309K	$736K	8x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack PENGU_USDC_PERP	+0.0097%	1h	0.008796	−0.023%	$314K	$309K	10x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008800	+0.023%	$8.8M	$15.0M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008801	+0.034%	$189K	$467K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008794	−0.045%	$152K	$239K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008796	−0.023%	$36.5M	$153.3M	75x	as long as short
OKX PENGU-USDT-SWAPshort	+0.0100%	4h	0.008794	−0.045%	$7.6M	$47.2M	50x
Arcus PENGU-USD	+0.0100%	1h	0.008800	+0.023%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008798	0.000%	$12.6M	$12.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008800	+0.023%	$4.8M	$8.9M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008799	+0.011%	$8.4M	$12.6M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008794	−0.045%	—	$3.9M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008788	−0.113%	$460K	$2.3M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008793	−0.057%	$80K	$253K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008796	−0.023%	$23K	$186K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009006	+2.364%	$2K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008794	−0.045%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008810	+0.136%	$92K	$249K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008792	−0.072%	$181K	$622K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008790	−0.091%	$203K	$17K	3x	as long as short
dYdX PENGU-USD	+0.0133%	1h	0.008799	+0.014%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERP	+0.0237%	1h	0.008794	−0.040%	$297	—	10x	as long as short
BloFin PENGU-USDTlong	+0.0340%	4h	0.008798	long leg	$1.5M	$2.8M	75x
GMX PENGU/USD [WBTC.b-USDC]	L +0.0511% / S −0.0711%	1h	0.008798	0.000%	$115K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2504%	1h	0.008896	+1.114%	$95K	$105K	50x	as long as short