PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1544%/8h= +169.1% APRnext payment +$1.93 per $10,000 · paid last 24h +0.588%

Price spread now: Coinbase International against Extended+0.242%7-day average +0.824% · you sell dearer than you buy

Net, funding: paid 7d − costs+$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$125as in the Price arb table

costs, in and out, $10k−$670.672% of the position

Long on Extended Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+1.731%+$173 on $10k

Price spread, last 3 days (all we have)+0.186%+$19 · spread now +0.242%, 7d avg +0.824%

Together, before fees+1.917%+ Points / potential airdropExtended: Active · farm board+$192 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.583% cheaper against Extended than usual: you would sell low and buy high (spread +0.242% now, against its 7-day average of +0.824%). If the spread goes back, that is −$58 on $10k: about 30 hours of funding at the current rate (+$46 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended PENGU-USD	0.008829	0.0104	pay 0.0013% / 1h	41m 32s	$182K	$807K	10x
Short	Coinbase International PENGU-PERP-INTX	0.008850	0.1648	get 0.0206% / 1h	41m 32s	$94K	$103K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Extended. 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 ExtendedbpFee Coinbase InternationalbpOrdersPrice spread, now +0.242%Rate

Funding earned: $324.24
Price spread: +0.242% → +0.824%: −$58.28
Slippage, 4 orders: −$52.21
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $198.75
Costs to cover: 0.672%
Break-even: 2.7 days

Slippage from Extended: live order book, 31 min ago; Coinbase International: live order book, 62 min ago.

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 Extended live order book, 31 min ago	0.57 bp	9.9 bp −$10	61.4 bp −$614	doesn't fit	doesn't fit
Sell Coinbase International live order book, 62 min ago	18.74 bp	23.7 bp −$24	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	−0.0391%	1h	0.008846	+0.192%	$370K	$2.3M	50x	as long as short
Gate PENGU_USDT	−0.0334%	4h	0.008833	+0.049%	$3.4M	$15.5M	75x	as long as short
Variational Omni PENGU	−0.0298%	4h	0.008761	−0.765%	$867K	$931K	—	as long as short
01 Exchange PENGUUSD	−0.0224%	1h	0.008833	+0.049%	$202	$59	5x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0203%	1h	0.008829	+0.004%	$18K	$10K	10x	as long as short
Bybit PENGUUSDT	−0.0112%	4h	0.008829	+0.004%	$23.3M	$37.4M	75x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008833	+0.051%	$34K	—	150x	as long as short
Backpack PENGU_USDC_PERP	+0.0014%	1h	0.008840	+0.128%	$310K	$311K	10x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.449%	$3K	$117K	5.5x	as long as short
Nado PENGU-PERP	+0.0059%	1h	0.008834	+0.060%	$700K	$773K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX PENGU-USD	+0.0062%	1h	0.008834	+0.059%	$12K	$4K	5x	as long as short
GRVT PENGU_USDT_Perp	+0.0064%	4h	0.008824	−0.054%	$468K	$2.1M	10x	as long as short
Lighter PENGU	+0.0096%	1h	0.008833	+0.049%	$309K	$727K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008833	+0.049%	$24K	$183K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008834	+0.060%	$8.3M	$15.6M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008838	+0.110%	$189K	$481K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008834	+0.060%	$152K	$239K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008832	+0.043%	$37.0M	$155.4M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008828	−0.008%	$7.6M	$47.4M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008830	+0.015%	$19K	$25K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008831	+0.026%	$12.4M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008831	+0.026%	$4.7M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008832	+0.038%	$8.4M	$12.7M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008835	+0.072%	—	$3.9M	—	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008789	−0.449%	$80K	$254K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009034	+2.326%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008831	+0.026%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008847	+0.208%	$91K	$295K	25x	as long as short
Extended PENGU-USDlong	+0.0104%	1h	0.008829	long leg	$182K	$807K	10x
Aevo PENGU-PERP	+0.0104%	1h	0.008822	−0.076%	$204K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008829	+0.002%	$298	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008823	−0.064%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0499% / S −0.0683%	1h	0.008831	+0.026%	$111K	—	100x	as long as short
Coinbase International PENGU-PERP-INTXshort	+0.1648%	1h	0.008850	+0.242%	$94K	$103K	50x