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: SunX against BloFin+2.310%55s7-day average +2.638% · you sell dearer than you buy

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

Long on BloFin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.464%−$46 on $10k

Price spread, last 3 days (all we have)+0.006%+$1 · spread now +2.310%, 7d avg +2.638%

Together, before fees−0.458%−$46 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and SunX is 0.328% cheaper against BloFin than usual: you would sell low and buy high (−$33 if the spread goes back to its 7-day average of +2.638%). Swap the legs. The two prices were read 55 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	0.008788	0.0340	pay 0.0170% / 4h	1h 09m	$1.5M	$2.8M	75x
Short	SunX PENGU-USDT	0.008991	0.0100	get 0.0050% / 4h	1h 09m	$3K	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +2.310%Rate

Funding earned: −$50.4
Price spread: +2.310% → +2.638%: −$32.82
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$103.22
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 3 min ago; SunX: live order book, 6 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 BloFin live order book, 3 min ago	3.41 bp	10.9 bp −$11	16.5 bp −$165	44.1 bp −$4,406	doesn't fit
Sell SunX live order book, 6 min ago	253.59 bp	doesn't fit	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
Kraken Futures PF_PENGUUSD	−0.0606%	1h	0.008795	+0.074%	$368K	$2.2M	50x	as long as short
Gate PENGU_USDT	−0.0294%	4h	0.008787	−0.011%	$3.4M	$15.6M	75x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0205%	1h	0.008788	0.000%	$19K	$9K	10x	as long as short
Bybit PENGUUSDT	−0.0181%	4h	0.008787	−0.011%	$22.9M	$36.5M	75x	as long as short
01 Exchange PENGUUSD	−0.0112%	1h	0.008776	−0.137%	$201	$59	5x	as long as short
Variational Omni PENGU	−0.0063%	4h	0.008782	−0.065%	$803K	$802K	—	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008790	+0.021%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.011%	$3K	$117K	5.5x	as long as short
Nado PENGU-PERP	+0.0068%	1h	0.008778	−0.108%	$683K	$760K	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008792	+0.046%	$308K	$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	+0.0100%	1h	0.008787	−0.011%	$313K	$309K	10x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008795	+0.080%	$8.8M	$15.0M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008793	+0.056%	$189K	$467K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008786	−0.023%	$152K	$239K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008791	+0.034%	$36.5M	$153.3M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008790	+0.023%	$7.6M	$47.2M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008780	−0.091%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008790	+0.023%	$12.6M	$12.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008790	+0.023%	$4.8M	$8.9M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008792	+0.046%	$8.4M	$12.6M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008779	−0.102%	—	$2.3M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008788	+0.001%	$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	0.008789	+0.011%	$23K	$186K	20x	as long as short
SunX PENGU-USDTshort	+0.0100%	4h	0.008991	+2.310%	$3K	$2.1M	10x
SoDEX PENGU-USD	+0.0100%	1h	0.008786	−0.023%	$998	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008799	+0.125%	$92K	$249K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008784	−0.049%	$181K	$628K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008782	−0.068%	$203K	$17K	3x	as long as short
dYdX PENGU-USD	+0.0129%	1h	0.008789	+0.014%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERP	+0.0237%	1h	0.008775	−0.148%	$296	—	10x	as long as short
BloFin PENGU-USDTlong	+0.0340%	4h	0.008788	long leg	$1.5M	$2.8M	75x
GMX PENGU/USD [WBTC.b-USDC]	L +0.0511% / S −0.0711%	1h	0.008787	−0.011%	$114K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2504%	1h	0.008896	+1.229%	$95K	$105K	50x	as long as short