Funding arb · Price arb / Crypto
PENGU
All PENGU markets →| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.009920 | +0.0080 | pay 0.0010% / 1h | 0m 14s | $163K | $1.6M | 10x | Long Extended10% off | |
| SHORT | 0.009925 | +0.0100 | get 0.0050% / 4h | 0m 14s | $1.5M | $2.8M | 50x | Short Phemex |
Price gap+0.049%
Funding gap+0.0020% /8h
Funding trade: +$1 a day on $10k at the current rate, before costs. The price gap is at its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$1+0.0020% /8h now · paid −0.007% over the last 7D
Price−$1spread +0.049% now, avg +0.058% → −0.009% if it goes back
Costs−$980.977% of $10k · taker + slippage, in and out
Result−$99−0.99%+ Points / potential airdropExtended: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.049%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hPENGU on 35 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size8.9 / 45.1 bpAt $10k entering Phemex costs 45.1 bp, fee and slippage, 5.1× Extended’s.
- Note: Margin at max leverage$1,000 + $200Extended 10x, Phemex 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$0.60Long Extended: 24 payments, −$2.40; short Phemex: 6 payments, +$3.00.
- Note: Gap at its usual level+0.049% vs +0.058%The price leg adds little either way.
- Watch: Long leg is thinner$163K vs $1.5M OIExtended sets your exit cost. Check its book before closing.
- OK: Points on a legExtended pointsVolume here counts toward the points program.
- Watch: KYCExtended No · Phemex YesKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0003%/8h × 21 periods−$0.67
Price spread+0.049% → +0.058% (7d avg)−$0.94
Slippage, 4 orderslive order books−$80.70
Fee Extended bp × 2 orders−$5.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$99.31
Costs to cover0.977%Break-evennever at this rate
Slippage: Extended: live order book, 2 min ago; Phemex: live order book, 7 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGExtended0.508.9 bp−$966.7 bp−$667doesn’t fitdoesn’t fit
SELL · SHORTPhemex3.0245.1 bp−$45148.9 bp−$1,489doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-30 01:05 | Reya | Listing | PENGURUSDPERP no longer reported ($PENGU) seen by our collector |
| 09-29 21:28 | Kraken Futures | Other | "Bro, I am in a state of absolute abundance. Crypto. Stocks. Earning rewards. Secure. I'm swimming in options. While you're chasing rugs, I am chilling with my premium, strategic portfolio. This is what building wealth looks like. Fix your mindset, bro. Get on Kraken." -PENGU @krakenfx on X ↗ |
| 09-23 09:31 | Phemex | Listing | new market PENGUUSDT ($PENGU) seen by our collector |
| 09-19 12:00 | KuCoin | Other | Altseason 2026 hasn't officially started—CoinMarketCap's Altcoin Season Index sits near 44, well below the 75 threshold, and Bitcoin dominance is still holding around 58%. But a handful of names are already breaking away: HYPE and ZEC are leading on market cap and momentum, LINK and ONDO anchor the RWA/oracle narrative, while UNI, AAVE, XRP, PENGU, PONS, and Binance Life round out the top 10 watchlist. Which 10 altcoins are traders positioning in before the rotation? We break it all down on the KuCoin Blog 👇 @kucoincom on X ↗ |


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