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 −0.092%

Price spread now: Variational Omni against BloFin−0.451%7-day average −0.050% · you buy dearer than you sell

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

Long on BloFin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.270%−$27 on $10k

Price spread, last 4 days (all we have)+0.233%+$23 · spread now −0.451%, 7d avg −0.050%

Together, before fees−0.037%+ Points / potential airdropVariational Omni: Active · farm board−$4 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 Variational Omni is 0.402% cheaper against BloFin than usual: you would sell low and buy high (−$40 if the spread goes back to its 7-day average of −0.050%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PENGU-USDT	0.008871	0.0340	pay 0.0170% / 4h	29m 06s	$1.5M	$3.7M	75x
Short	Variational Omni PENGU	0.008831	0.0100	get 0.0050% / 4h	29m 06s	$877K	$985K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.451%Rate

Funding earned: −$50.4
Price spread: −0.451% → −0.050%: −$40.16
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$102.56
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 4 min ago; Variational Omni: RFQ quote, 30 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, 4 min ago	1.14 bp	8.0 bp −$8	13.3 bp −$133	41.7 bp −$4,165	doesn't fit
Sell Variational Omni RFQ quote, 30 min ago	3.44 bp	doesn't fit	22.9 bp −$229	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
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008886	+0.164%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.924%	$3K	$117K	5.5x	as long as short
Gate PENGU_USDT	+0.0068%	4h	0.008873	+0.023%	$3.3M	$15.7M	75x	as long as short
01 Exchange PENGUUSD	+0.0088%	1h	0.008870	−0.011%	$203	$64	5x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0088%	1h	0.008890	+0.214%	$18K	$10K	10x	as long as short
Lighter PENGU	+0.0096%	1h	0.008885	+0.158%	$316K	$718K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008890	+0.214%	$23K	$123K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008875	+0.051%	$597K	$1.0M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008874	+0.034%	$8.2M	$14.7M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008889	+0.202%	$123K	$588K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PENGU	+0.0100%	1h	0.008860	−0.124%	$156K	$241K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008864	−0.074%	$37.1M	$162.6M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008860	−0.124%	$23.5M	$39.4M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008865	−0.068%	$7.4M	$47.6M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008870	−0.011%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008876	+0.056%	$11.0M	$12.3M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008883	+0.135%	$4.9M	$9.2M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008874	+0.034%	$8.3M	$12.3M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008875	+0.045%	—	$3.5M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008875	+0.045%	$294K	$309K	10x	as long as short
Variational Omni PENGUshort	+0.0100%	4h	0.008831	−0.451%	$877K	$985K	—
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008854	−0.195%	$461K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008788	−0.936%	$80K	$242K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009103	+2.615%	$3K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008886	+0.169%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008901	+0.338%	$93K	$371K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008885	+0.160%	$182K	$943K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008881	+0.113%	$205K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008885	+0.155%	$300	—	10x	as long as short
BloFin PENGU-USDTlong	+0.0340%	4h	0.008871	long leg	$1.5M	$3.7M	75x
Kraken Futures PF_PENGUUSD	+0.0360%	1h	0.008894	+0.259%	$348K	$2.3M	50x	as long as short
dYdX PENGU-USD	+0.0494%	1h	0.008867	−0.043%	$12K	$5K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0516% / S −0.0584%	1h	0.008885	+0.158%	$121K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2928%	1h	0.008886	+0.169%	$95K	$61K	50x	as long as short