PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.2892%/8h= −316.7% APRnext payment −$3.62 per $10,000 · paid last 24h −0.526%

Price spread now: Arcus against Coinbase International−2.617%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$87 a day on $10k at the current rate, and Arcus is 2.617% cheaper against Coinbase International than usual: you would sell low and buy high (−$262 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International PENGU-PERP-INTX	0.008903	0.2992	pay 0.0374% / 1h	56m 45s	$94K	$97K	50x
Short	Arcus PENGU-USD	0.008670	0.0100	get 0.0013% / 1h	56m 45s	$19K	$24K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Coinbase International. 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 Coinbase InternationalbpFee ArcusbpOrdersPrice spread, now −2.617%Rate

Funding earned: −$607.32
Price spread: −2.617% → 0.000%: −$261.71
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$883.53
Costs to cover: 0.145%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 51 min ago; Arcus: 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 Coinbase International live order book, 51 min ago	15.76 bp	20.8 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Arcus no order-book sample	—	—	—	—	—

Arcus: 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
Kraken Futures PF_PENGUUSD	−0.0551%	1h	0.008679	−2.518%	$384K	$2.1M	50x	as long as short
Backpack PENGU_USDC_PERP	−0.0426%	1h	0.008673	−2.583%	$310K	$322K	10x	as long as short
Bybit PENGUUSDT	−0.0343%	4h	0.008675	−2.561%	$22.8M	$35.6M	75x	as long as short
Gate PENGU_USDT	−0.0318%	4h	0.008675	−2.561%	$3.4M	$15.3M	75x	as long as short
01 Exchange PENGUUSD	−0.0144%	1h	0.008673	−2.583%	$198	$59	5x	as long as short
Injective PENGU/USDC PERP	−0.0110%	1h	0.008715	−2.112%	$3K	$81K	5.5x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0096%	1h	0.008674	−2.572%	$21K	$8K	10x	as long as short
dYdX PENGU-USD	0.0000%	1h	0.008682	−2.482%	$11K	$5K	5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008675	−2.564%	$33K	—	150x	as long as short
Lighter PENGU	+0.0096%	1h	0.008677	−2.538%	$294K	$718K	8x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado PENGU-PERP	+0.0100%	1h	0.008672	−2.595%	$674K	$766K	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008688	−2.415%	$8.7M	$15.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008681	−2.496%	$171K	$448K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008672	−2.595%	$143K	$232K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008683	−2.467%	$35.9M	$151.0M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008682	−2.482%	$7.7M	$46.7M	50x	as long as short
Arcus PENGU-USDshort	+0.0100%	1h	0.008670	−2.617%	$19K	$24K	5x
MEXC PENGU_USDT	+0.0100%	4h	0.008688	−2.415%	$12.8M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008688	−2.415%	$4.8M	$8.6M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008687	−2.426%	$8.1M	$12.4M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008682	−2.482%	—	$4.0M	—	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008738	−1.857%	$802K	$708K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008703	−2.246%	$455K	$2.4M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008712	−2.145%	$79K	$254K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008673	−2.583%	$21K	$185K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008878	−0.281%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008671	−2.606%	$980	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008698	−2.303%	$91K	$248K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008688	−2.420%	$178K	$681K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008671	−2.606%	$200K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0237%	1h	0.008672	−2.591%	$293	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008662	−2.707%	$1.5M	$2.6M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0489% / S −0.0675%	1h	0.008674	−2.572%	$109K	—	100x	as long as short
Coinbase International PENGU-PERP-INTXlong	+0.2992%	1h	0.008903	long leg	$94K	$97K	50x