PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Pacifica against Extended+0.111%7-day average +0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$540.542% of the position

Long on Extended Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 4 days (all we have)+0.011%+$1 · spread now +0.111%, 7d avg +0.066%

Together, before fees+0.032%+ Points / potential airdropExtended: Active · Pacifica: Active · farm board+$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.045% dearer against Extended than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.066%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended PENGU-USD	0.008674	0.0104	pay 0.0013% / 1h	16m 09s	$179K	$682K	10x
Short	Pacifica PENGU	0.008684	0.0100	get 0.0013% / 1h	16m 09s	$146K	$236K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.111%Rate

Funding earned: −$0.84
Price spread: +0.111% → +0.066%: $4.5
Slippage, 4 orders: −$41.21
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$50.55
Costs to cover: 0.542%
Break-even: never at this rate

Slippage from Extended: live order book, 7 min ago; Pacifica: live order book, 7 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, 7 min ago	0.57 bp	9.9 bp −$10	78.9 bp −$789	doesn't fit	doesn't fit
Sell Pacifica live order book, 7 min ago	2.87 bp	12.0 bp −$12	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	−0.0551%	1h	0.008681	+0.082%	$385K	$2.1M	50x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0326%	1h	0.008678	+0.042%	$19K	$9K	10x	as long as short
Gate PENGU_USDT	−0.0262%	4h	0.008674	−0.005%	$3.4M	$15.4M	75x	as long as short
Injective PENGU/USDC PERP	−0.0110%	1h	0.008715	+0.468%	$3K	$81K	5.5x	as long as short
Backpack PENGU_USDC_PERP	−0.0005%	1h	0.008675	+0.007%	$309K	$314K	10x	as long as short
dYdX PENGU-USD	0.0000%	1h	0.008692	+0.200%	$11K	$4K	5x	as long as short
01 Exchange PENGUUSD	0.0000%	1h	0.008683	+0.099%	$199	$59	5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008682	+0.085%	$33K	—	150x	as long as short
Bybit PENGUUSDT	+0.0044%	4h	0.008670	−0.051%	$22.5M	$36.0M	75x	as long as short
Lighter PENGU	+0.0096%	1h	0.008678	+0.042%	$297K	$723K	8x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid PENGU	+0.0100%	1h	0.008682	+0.088%	$8.7M	$15.2M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008682	+0.083%	$172K	$448K	20x	as long as short
Pacifica PENGUshort	+0.0100%	1h	0.008684	+0.111%	$146K	$236K	5x
Binance PENGUUSDT	+0.0100%	4h	0.008677	+0.030%	$35.9M	$151.2M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008675	+0.007%	$7.7M	$46.4M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008680	+0.065%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008676	+0.019%	$12.8M	$12.7M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008679	+0.053%	$4.7M	$8.7M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008682	+0.088%	$8.2M	$12.5M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008677	+0.030%	—	$3.9M	—	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008709	+0.399%	$799K	$714K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008696	+0.250%	$455K	$2.4M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008718	+0.503%	$79K	$253K	50x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008680	+0.070%	$674K	$756K	5x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008679	+0.053%	$23K	$186K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008887	+2.451%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008676	+0.019%	$990	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008703	+0.330%	$91K	$249K	25x	as long as short
Extended PENGU-USDlong	+0.0104%	1h	0.008674	long leg	$179K	$682K	10x
Aevo PENGU-PERP	+0.0104%	1h	0.008675	+0.007%	$200K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0237%	1h	0.008675	+0.004%	$293	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008685	+0.122%	$1.5M	$2.6M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0502% / S −0.0703%	1h	0.008681	+0.076%	$112K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2992%	1h	0.008728	+0.618%	$94K	$97K	50x	as long as short