PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.073%

Price spread now: Orderly against BloFin+0.044%7-day average −0.015% · you sell dearer than you buy

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

Long on BloFin Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.505%−$51 on $10k

Price spread, last 4 days (all we have)−0.209%−$21 · spread now +0.044%, 7d avg −0.015%

Together, before fees−0.714%−$71 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Orderly is 0.059% dearer against BloFin than usual: you sell high and buy low (spread +0.044% now, against its 7-day average of −0.015%): +$6 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 20 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PENGU-USDT	0.009139	0.0340	pay 0.0170% / 4h	3h 22m	$1.7M	$5.3M	75x
Short	Orderly PERP_PENGU_USDC	0.009143	0.0100	get 0.0050% / 4h	3h 22m	$24K	$335K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against BloFin. 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 BloFinbpFee OrderlybpOrdersPrice spread, now +0.044%Rate

Funding earned: −$50.4
Price spread: +0.044% → −0.015%: $5.9
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$62.5
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 6 min ago; Orderly: no order-book sample. 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 BloFin live order book, 6 min ago	0.55 bp	12.3 bp −$12	16.1 bp −$161	38.9 bp −$3,890	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Gate PENGU_USDT	−0.0302%	4h	0.009117	−0.241%	$3.7M	$18.1M	75x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.009140	+0.011%	$34K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−3.830%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.009151	+0.131%	$328K	$768K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009137	−0.025%	$649K	$1.1M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.009141	+0.022%	$9.4M	$16.7M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009130	−0.096%	$131K	$770K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009110	−0.317%	$139K	$275K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009132	−0.078%	$40.6M	$198.0M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009129	−0.109%	$24.6M	$47.3M	75x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009132	−0.077%	$8.2M	$58.5M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009140	+0.011%	$19K	$26K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009125	−0.153%	$11.7M	$13.0M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009125	−0.153%	$5.0M	$10.6M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009139	0.000%	$8.9M	$15.2M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.009116	−0.252%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009144	+0.055%	$301K	$391K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009015	−1.360%	$923K	$1.2M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009062	−0.843%	$476K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009053	−0.941%	$80K	$252K	50x	as long as short
Orderly PERP_PENGU_USDCshort	+0.0100%	4h	0.009143	+0.044%	$24K	$335K	20x
SunX PENGU-USDT	+0.0100%	4h	0.009362	+2.440%	$3K	$2.2M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009145	+0.066%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009146	+0.077%	$95K	$416K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009126	−0.144%	$190K	$744K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009139	0.000%	$211K	—	3x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0187%	1h	0.009149	+0.109%	$1K	$29K	10x	as long as short
Reya PENGURUSDPERP	+0.0241%	1h	0.009137	−0.025%	$309	—	10x	as long as short
BloFin PENGU-USDTlong	+0.0340%	4h	0.009139	long leg	$1.7M	$5.3M	75x
01 Exchange PENGUUSD	+0.0352%	1h	0.009147	+0.088%	$260	$91	5x	as long as short
Kraken Futures PF_PENGUUSD	+0.0377%	1h	0.009148	+0.099%	$339K	$2.7M	50x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0433% / S −0.0351%	1h	0.009141	+0.022%	$105K	—	100x	as long as short
dYdX PENGU-USD	+0.1859%	1h	0.009069	−0.763%	$21K	$18K	5x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2088%	1h	0.009211	+0.788%	$81K	$73K	50x	as long as short