PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0595%/8h= +65.2% APRnext payment +$0.74 per $10,000 · paid last 24h +0.026%

Price spread now: Kraken Futures against gTrade (Gains Network)−0.164%52s7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. Kraken Futures is 0.164% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.164% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 22 hours of funding at the current rate (+$18 a day). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) PENGU/USD	0.009098	L +0.0007% / S −0.0003%	pay 0.0001% / 1h	52m 25s	$34K	—	150x
Short	Kraken Futures PF_PENGUUSD	0.009083	0.0603	get 0.0075% / 1h	52m 25s	$354K	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee Kraken FuturesbpOrdersPrice spread, now −0.164%Rate

Funding earned: $125.05
Price spread: −0.164% → 0.000%: −$16.42
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $88.63
Costs to cover: 0.200%
Break-even: 2.0 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Kraken Futures: live order book, 1 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 1 min ago	10.47 bp	20.3 bp −$20	65.2 bp −$652	doesn't fit	doesn't fit

gTrade (Gains Network): 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
gTrade (Gains Network) PENGU/USDlong	L +0.0007% / S −0.0003%	1h	0.009098	long leg	$34K	—	150x
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−3.392%	$3K	$117K	5.5x	as long as short
dYdX PENGU-USD	+0.0046%	1h	0.009081	−0.181%	$12K	$5K	5x	as long as short
01 Exchange PENGUUSD	+0.0080%	1h	0.009096	−0.018%	$208	$64	5x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0081%	1h	0.009079	−0.205%	$19K	$10K	10x	as long as short
Lighter PENGU	+0.0096%	1h	0.009075	−0.249%	$327K	$726K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009098	+0.004%	$611K	$1.0M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.009101	+0.037%	$8.5M	$14.8M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009065	−0.356%	$130K	$600K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009080	−0.194%	$160K	$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	0.009102	+0.046%	$39.1M	$168.4M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009093	−0.051%	$24.2M	$40.3M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009094	−0.040%	$7.8M	$50.0M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009090	−0.084%	$19K	$24K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.009082	−0.172%	$3.4M	$16.0M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009100	+0.026%	$11.1M	$12.4M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009095	−0.029%	$4.9M	$9.3M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009100	+0.026%	$8.9M	$12.8M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.009088	−0.106%	—	$3.5M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009072	−0.282%	$303K	$330K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008998	−1.096%	$934K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008963	−1.474%	$478K	$2.1M	10x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009078	−0.216%	$24K	$85K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009290	+2.115%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009072	−0.282%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009066	−0.348%	$94K	$377K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009087	−0.122%	$187K	$943K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009075	−0.249%	$210K	—	3x	as long as short
ApeX Omni PENGUUSDT	+0.0169%	1h	0.009026	−0.787%	$82K	$242K	50x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.009090	−0.082%	$307	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009077	−0.227%	$1.5M	$4.1M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0517% / S −0.0477%	1h	0.009095	−0.029%	$128K	—	100x	as long as short
Kraken Futures PF_PENGUUSDshort	+0.0603%	1h	0.009083	−0.164%	$354K	$2.4M	50x
Coinbase International PENGU-PERP-INTX	+0.2704%	1h	0.009096	−0.018%	$97K	$61K	50x	as long as short