PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0023%/8h= −2.5% APRnext payment −$0.12 per $10,000 · paid last 24h +0.015%

Price spread now: Variational Omni against Gate+0.549%7-day average −0.022% · you sell dearer than you buy

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

Long on Gate Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.006%+$1 on $10k

Price spread, last 3 days (all we have)−0.491%−$49 · spread now +0.549%, 7d avg −0.022%

Together, before fees−0.485%+ Points / potential airdropVariational Omni: Active · farm board−$49 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.571% dearer against Gate than usual: you sell high and buy low (spread +0.549% now, against its 7-day average of −0.022%): +$57 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PENGU_USDT	0.008744	−0.0096	get 0.0048% / 4h	2h 56m	$3.4M	$15.2M	75x
Short	Variational Omni PENGU	0.008792	−0.0119	pay 0.0060% / 4h	2h 56m	$873K	$1.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.549%Rate

Funding earned: −$4.88
Price spread: +0.549% → −0.022%: $57.07
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $37.18
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Gate: live order book, 2 min ago; Variational Omni: RFQ quote, 2 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, 2 min ago	3.99 bp	16.0 bp −$16	49.3 bp −$493	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	3.42 bp	doesn't fit	21.6 bp −$216	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
Nado PENGU-PERP	−0.0347%	1h	0.008790	+0.526%	$534K	$893K	5x	as long as short
Variational Omni PENGUshort	−0.0119%	4h	0.008792	+0.549%	$873K	$1.0M	—
Gate PENGU_USDTlong	−0.0096%	4h	0.008744	long leg	$3.4M	$15.2M	75x
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008778	+0.389%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008783	+0.447%	$32K	—	150x	as long as short
01 Exchange PENGUUSD	+0.0032%	1h	0.008794	+0.572%	$201	$59	5x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.515%	$3K	$117K	5.5x	as long as short
dYdX PENGU-USD	+0.0093%	1h	0.008790	+0.522%	$12K	$4K	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008733	−0.126%	$303K	$698K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0098%	4h	0.008778	+0.389%	$19K	$178K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid PENGU	+0.0100%	1h	0.008730	−0.160%	$8.2M	$15.3M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008754	+0.120%	$168K	$485K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008790	+0.526%	$152K	$240K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008733	−0.127%	$36.9M	$157.4M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008717	−0.309%	$22.8M	$37.9M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008723	−0.240%	$7.5M	$47.2M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008800	+0.640%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008741	−0.034%	$12.4M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008748	+0.046%	$4.7M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008730	−0.160%	$8.3M	$12.7M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008729	−0.172%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008755	+0.126%	$300K	$327K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008785	+0.470%	$459K	$2.0M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008794	+0.572%	$80K	$249K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008983	+2.733%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008770	+0.297%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008795	+0.583%	$90K	$299K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008742	−0.024%	$180K	$940K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008766	+0.252%	$202K	—	3x	as long as short
Kraken Futures PF_PENGUUSD	+0.0211%	1h	0.008779	+0.399%	$363K	$2.3M	50x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008783	+0.449%	$297	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008772	+0.320%	$1.5M	$3.2M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0500% / S −0.0683%	1h	0.008778	+0.389%	$111K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1352%	1h	0.008967	+2.550%	$95K	$104K	50x	as long as short