PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.09 per $10,000 · paid last 24h +0.015%

Price spread now: GRVT against Gate+0.148%81s7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$550.548% of the position

Long on Gate Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 7 days−0.126%−$13 · spread now +0.148%, 7d avg −0.001%

Together, before fees−0.088%+ Points / potential airdropGRVT: Active · farm board−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and GRVT is 0.149% dearer against Gate than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.001%. The two prices were read 81 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	Gate PENGU_USDT	0.008797	0.0082	pay 0.0041% / 4h	2h 10m	$3.4M	$15.6M	75x
Short	GRVT PENGU_USDT_Perp	0.008810	0.0100	get 0.0050% / 4h	2h 10m	$462K	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Gate. 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 GatebpFee GRVTbpOrdersPrice spread, now +0.148%Rate

Funding earned: $3.78
Price spread: +0.148% → −0.001%: $14.9
Slippage, 4 orders: −$30.76
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$36.08
Costs to cover: 0.548%
Break-even: 73.8 days

Slippage from Gate: live order book, 4 min ago; GRVT: live order book, 4 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 Gate live order book, 4 min ago	1.71 bp	16.7 bp −$17	51.5 bp −$515	doesn't fit	doesn't fit
Sell GRVT live order book, 4 min ago	1.71 bp	9.6 bp −$10	33.7 bp −$337	doesn't fit	doesn't fit

PENGU on 33 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-PERPETUAL	0.0000%	1h	0.008806	+0.102%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008805	+0.096%	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.091%	$3K	$117K	5.5x	as long as short
Gate PENGU_USDTlong	+0.0082%	4h	0.008797	long leg	$3.4M	$15.6M	75x
Lighter PENGU	+0.0096%	1h	0.008812	+0.171%	$313K	$709K	8x	as long as short
01 Exchange PENGUUSD	+0.0096%	1h	0.008813	+0.182%	$202	$64	5x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008808	+0.125%	$19K	$161K	20x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008820	+0.261%	$876K	$999K	—	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008802	+0.057%	$8.2M	$14.9M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008808	+0.126%	$141K	$516K	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PENGU	+0.0100%	1h	0.008818	+0.239%	$155K	$245K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008793	−0.044%	$37.4M	$158.2M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008789	−0.091%	$23.1M	$38.4M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008795	−0.023%	$7.5M	$47.6M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008820	+0.261%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008794	−0.034%	$11.9M	$12.9M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008797	0.000%	$4.7M	$9.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008798	+0.011%	$8.3M	$12.7M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008809	+0.136%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008796	−0.011%	$301K	$300K	10x	as long as short
GRVT PENGU_USDT_Perpshort	+0.0100%	4h	0.008810	+0.148%	$462K	$2.1M	10x
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008800	+0.034%	$80K	$243K	50x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008812	+0.171%	$594K	$994K	5x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009011	+2.433%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008807	+0.114%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008832	+0.398%	$94K	$337K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008792	−0.059%	$185K	$941K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008801	+0.045%	$203K	—	3x	as long as short
Kraken Futures PF_PENGUUSD	+0.0210%	1h	0.008816	+0.221%	$361K	$2.3M	50x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008807	+0.115%	$297	—	10x	as long as short
dYdX PENGU-USD	+0.0335%	1h	0.008818	+0.236%	$12K	$4K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0513% / S −0.0708%	1h	0.008807	+0.114%	$114K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1352%	1h	0.008967	+1.932%	$95K	$94K	50x	as long as short