PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0977%/8h= +107.0% APRnext payment +$1.22 per $10,000 · paid last 24h +0.042%

Price spread now: Kraken Futures against Deribit+0.087%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 5 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 for this trade now. Funding pays +$29 a day on $10k at the current rate, and Kraken Futures is 0.087% dearer against Deribit than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit PENGU_USDC-PERPETUAL	0.008700	−0.0324	get 0.0041% / 1h	39m 07s	$18K	$10K	10x
Short	Kraken Futures PF_PENGUUSD	0.008708	0.0653	get 0.0082% / 1h	39m 07s	$356K	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Deribit. 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 DeribitbpFee Kraken FuturesbpOrdersPrice spread, now +0.087%Rate

Funding earned: $205.22
Price spread: +0.087% → 0.000%: $8.73
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $196.95
Costs to cover: 0.170%
Break-even: 0.3 days

Slippage unknown: Deribit: no order-book sample; Kraken Futures: live order book, 5 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 Deribit no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 5 min ago	6.85 bp	14.6 bp −$15	50.5 bp −$505	doesn't fit	doesn't fit

Deribit: 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
Deribit PENGU_USDC-PERPETUALlong	−0.0324%	1h	0.008700	long leg	$18K	$10K	10x
01 Exchange PENGUUSD	−0.0032%	1h	0.008706	+0.069%	$199	$64	5x	as long as short
Gate PENGU_USDT	−0.0002%	4h	0.008703	+0.034%	$3.3M	$15.6M	75x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008706	+0.066%	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+1.023%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008707	+0.080%	$309K	$709K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008704	+0.046%	$23K	$165K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008710	+0.115%	$8.1M	$14.6M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008708	+0.088%	$120K	$577K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008712	+0.138%	$153K	$243K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PENGUUSDT	+0.0100%	4h	0.008706	+0.070%	$36.4M	$159.7M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008703	+0.034%	$23.2M	$38.6M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008705	+0.057%	$7.4M	$46.1M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008710	+0.115%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008702	+0.023%	$11.5M	$12.3M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008707	+0.080%	$4.8M	$9.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008708	+0.092%	$8.2M	$12.4M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008699	−0.011%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008704	+0.046%	$298K	$275K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008712	+0.136%	$866K	$985K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008753	+0.614%	$457K	$2.0M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008758	+0.667%	$80K	$243K	50x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008705	+0.063%	$584K	$1.0M	5x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008907	+2.379%	$2K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008700	0.000%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008722	+0.253%	$91K	$348K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008698	−0.021%	$179K	$944K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008695	−0.057%	$201K	—	3x	as long as short
dYdX PENGU-USD	+0.0200%	1h	0.008715	+0.169%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008705	+0.053%	$294	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008706	+0.069%	$1.5M	$3.3M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0510% / S −0.0582%	1h	0.008705	+0.057%	$118K	—	100x	as long as short
Kraken Futures PF_PENGUUSDshort	+0.0653%	1h	0.008708	+0.087%	$356K	$2.3M	50x
Coinbase International PENGU-PERP-INTX	+0.2296%	1h	0.008967	+3.069%	$95K	$94K	50x	as long as short