PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.2086%/8h= −228.4% APRnext payment −$2.61 per $10,000 · paid last 24h −0.627%

Price spread now: Kraken Futures against Coinbase International−1.152%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 Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−1.727%−$173 on $10k

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 −$63 a day on $10k at the current rate, and Kraken Futures is 1.152% cheaper against Coinbase International than usual: you would sell low and buy high (−$115 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	0.008954	0.2704	pay 0.0338% / 1h	10m 17s	$94K	$59K	50x
Short	Kraken Futures PF_PENGUUSD	0.008851	0.0618	get 0.0077% / 1h	10m 17s	$324K	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −1.152%Rate

Funding earned: −$438
Price spread: −1.152% → 0.000%: −$115.18
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$573.18
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; Kraken Futures: live order book, 3 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 Coinbase International no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 3 min ago	3.37 bp	16.8 bp −$17	36.6 bp −$366	doesn't fit	doesn't fit

Coinbase International: 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	0.0000%	4h	0.008845	−1.217%	$3.3M	$16.5M	75x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008846	−1.206%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008844	−1.231%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−1.843%	$3K	$117K	5.5x	as long as short
dYdX PENGU-USD	+0.0062%	1h	0.008863	−1.017%	$12K	$5K	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008846	−1.206%	$322K	$752K	8x	as long as short
01 Exchange PENGUUSD	+0.0096%	1h	0.008860	−1.050%	$203	$64	5x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008859	−1.055%	$594K	$1.1M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008859	−1.061%	$8.4M	$15.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008853	−1.128%	$136K	$661K	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	0.008864	−1.005%	$135K	$273K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008839	−1.284%	$37.5M	$173.3M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008837	−1.307%	$23.5M	$41.3M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008843	−1.240%	$7.7M	$49.9M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008860	−1.050%	$19K	$25K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008855	−1.106%	$10.8M	$12.7M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008856	−1.094%	$4.9M	$9.5M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008848	−1.184%	$8.6M	$13.1M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008847	−1.195%	—	$3.5M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008861	−1.039%	$296K	$327K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008857	−1.085%	$925K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008904	−0.558%	$472K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008904	−0.558%	$81K	$251K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008845	−1.217%	$23K	$123K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009075	+1.351%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008844	−1.229%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008873	−0.905%	$92K	$378K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008845	−1.222%	$183K	$869K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008841	−1.262%	$204K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008851	−1.156%	$299	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008871	−0.927%	$1.5M	$4.1M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0500% / S −0.0415%	1h	0.008847	−1.195%	$126K	—	100x	as long as short
Kraken Futures PF_PENGUUSDshort	+0.0618%	1h	0.008851	−1.152%	$324K	$2.4M	50x
Coinbase International PENGU-PERP-INTXlong	+0.2704%	1h	0.008954	long leg	$94K	$59K	50x