PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0364%/8h= +39.9% APRnext payment +$1.82 per $10,000 · paid last 24h +0.015%

Price spread now: SunX against Gate+2.505%7-day average +2.738% · you sell dearer than you buy

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

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.111%+$11 on $10k

Price spread, last 3 days (all we have)−0.076%−$8 · spread now +2.505%, 7d avg +2.738%

Together, before fees+0.034%+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. SunX is 0.232% cheaper against Gate than usual: you would sell low and buy high (spread +2.505% now, against its 7-day average of +2.738%). If the spread goes back, that is −$23 on $10k: about 2.1 days of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.111% in total) that is about 15 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.111% in total (about 5.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.82 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PENGU_USDT	0.008741	−0.0264	get 0.0132% / 4h	32m 31s	$3.4M	$15.6M	75x
Short	SunX PENGU-USDT	0.008960	0.0100	get 0.0050% / 4h	32m 31s	$2K	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +2.505%Rate

Funding earned: $76.44
Price spread: +2.505% → +2.738%: −$23.21
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: $30.23
Costs to cover: 0.230%
Break-even: 4.2 days

Slippage unknown: Gate: live order book, 1 min ago; SunX: live order book, 4 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 Gate live order book, 1 min ago	1.72 bp	14.9 bp −$15	40.6 bp −$406	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	252.78 bp	doesn't fit	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	−0.0342%	1h	0.008755	+0.161%	$368K	$2.3M	50x	as long as short
Gate PENGU_USDTlong	−0.0264%	4h	0.008741	long leg	$3.4M	$15.6M	75x
Bybit PENGUUSDT	−0.0253%	4h	0.008739	−0.023%	$22.7M	$36.7M	75x	as long as short
01 Exchange PENGUUSD	−0.0232%	1h	0.008740	−0.011%	$200	$59	5x	as long as short
Variational Omni PENGU	−0.0189%	4h	0.008745	+0.051%	$799K	$802K	—	as long as short
Injective PENGU/USDC PERP	−0.0114%	1h	0.008789	+0.549%	$3K	$117K	5.5x	as long as short
Backpack PENGU_USDC_PERP	−0.0106%	1h	0.008747	+0.069%	$312K	$313K	10x	as long as short
Nado PENGU-PERP	−0.0006%	1h	0.008745	+0.051%	$694K	$774K	5x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008754	+0.149%	$19K	$9K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008755	+0.155%	$33K	—	150x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX PENGU-USD	+0.0029%	1h	0.008750	+0.106%	$12K	$4K	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008749	+0.092%	$306K	$741K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008753	+0.137%	$23K	$186K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008747	+0.069%	$8.4M	$15.3M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008753	+0.136%	$188K	$468K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008746	+0.057%	$151K	$239K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008746	+0.052%	$36.2M	$154.5M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008744	+0.034%	$7.5M	$47.0M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008750	+0.103%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008746	+0.057%	$12.4M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008749	+0.092%	$4.7M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008749	+0.092%	$8.3M	$12.6M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008744	+0.034%	—	$3.9M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008753	+0.132%	$458K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008740	−0.011%	$80K	$254K	50x	as long as short
SunX PENGU-USDTshort	+0.0100%	4h	0.008960	+2.505%	$2K	$2.1M	10x
SoDEX PENGU-USD	+0.0100%	1h	0.008748	+0.080%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008766	+0.286%	$92K	$249K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008743	+0.028%	$180K	$622K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008747	+0.069%	$202K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008743	+0.018%	$295	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008751	+0.114%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0496% / S −0.0683%	1h	0.008755	+0.160%	$111K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2688%	1h	0.008788	+0.538%	$94K	$103K	50x	as long as short