PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0028%/8h= +3.1% APRnext payment +$0.14 per $10,000 · paid last 24h +0.035%

Price spread now: KuCoin against Gate+0.011%7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$830.826% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.114%+$11 on $10k

Price spread, last 7 days−0.042%−$4 · spread now +0.011%, 7d avg +0.018%

Together, before fees+0.072%+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.018%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PENGU_USDT	0.008865	0.0072	pay 0.0036% / 4h	28m 06s	$3.3M	$15.7M	75x
Short	KuCoin PENGUUSDTM	0.008866	0.0100	get 0.0050% / 4h	28m 06s	$4.9M	$9.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.011%Rate

Funding earned: $5.88
Price spread: +0.011% → +0.018%: −$0.66
Slippage, 4 orders: −$55.57
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$77.34
Costs to cover: 0.826%
Break-even: 99.1 days

Slippage from Gate: live order book, 6 min ago; KuCoin: live order book, 5 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, 6 min ago	2.28 bp	13.7 bp −$14	48.9 bp −$489	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	1.71 bp	30.0 bp −$30	63.3 bp −$633	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
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008865	0.000%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008872	+0.084%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.857%	$3K	$117K	5.5x	as long as short
Gate PENGU_USDTlong	+0.0072%	4h	0.008865	long leg	$3.3M	$15.7M	75x
01 Exchange PENGUUSD	+0.0088%	1h	0.008899	+0.384%	$204	$64	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008871	+0.068%	$316K	$718K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008862	−0.034%	$23K	$123K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008896	+0.350%	$599K	$1.0M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008869	+0.045%	$8.2M	$14.7M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008897	+0.362%	$123K	$589K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PENGU	+0.0100%	1h	0.008892	+0.305%	$156K	$241K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008867	+0.018%	$37.1M	$163.0M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008862	−0.034%	$23.5M	$39.4M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008864	−0.011%	$7.4M	$47.7M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008900	+0.395%	$20K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008864	−0.011%	$11.0M	$12.3M	125x	as long as short
KuCoin PENGUUSDTMshort	+0.0100%	4h	0.008866	+0.011%	$4.9M	$9.2M	75x
Bitget PENGUUSDT	+0.0100%	4h	0.008872	+0.079%	$8.3M	$12.3M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008867	+0.023%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008869	+0.045%	$300K	$312K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008831	−0.384%	$877K	$985K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008854	−0.128%	$461K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008788	−0.869%	$80K	$242K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009078	+2.403%	$3K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008861	−0.045%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008916	+0.575%	$93K	$371K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008857	−0.090%	$186K	$946K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008855	−0.113%	$205K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008905	+0.454%	$301	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008871	+0.068%	$1.5M	$3.7M	75x	as long as short
Kraken Futures PF_PENGUUSD	+0.0361%	1h	0.008873	+0.089%	$347K	$2.3M	50x	as long as short
dYdX PENGU-USD	+0.0501%	1h	0.008887	+0.244%	$12K	$5K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0517% / S −0.0584%	1h	0.008874	+0.102%	$121K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2928%	1h	0.008921	+0.632%	$95K	$61K	50x	as long as short