Funding arb · Price arb / Crypto
PENGU
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| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.009904 | +0.0100 | pay 0.0050% / 4h | 18m 41s | $497K | $1.7M | 10x | Long GRVT | |
| SHORT | 0.009913 | +0.0100 | get 0.0050% / 4h | 18m 41s | $1.5M | $2.8M | 50x | Short Phemex |
Price gap+0.095%
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$9 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$20.0000% /8h now · paid +0.025% over the last 7D
Price+$9spread +0.095% now, avg +0.005% → +0.089% if it goes back
Costs−$1211.206% of $10k · taker + slippage, in and out
Result−$109−1.09%+ Points / potential airdropGRVT: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
Phemex price against GRVTnow
RANGE STATS · 7D
Now+0.095%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hPENGU on 34 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size11.6 / 38.9 bpAt $10k entering Phemex costs 38.9 bp, fee and slippage, 3.4× GRVT’s.
- Note: Margin at max leverage$1,000 + $200GRVT 10x, Phemex 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval4h / 4hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: $0.00Long GRVT: 6 payments, −$3.00; short Phemex: 6 payments, +$3.00.
- OK: Entry gap works for you+0.095% vs +0.005%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$497K vs $1.5M OIGRVT sets your exit cost. Check its book before closing.
- OK: Points on a legGRVT pointsVolume here counts toward the points program.
- Watch: KYCGRVT No · Phemex YesKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0012%/8h × 21 periods+$2.47
Price spread+0.095% → +0.005% (7d avg)+$8.92
Slippage, 4 orderslive order books−$99.58
Fee GRVT bp × 2 orders−$9.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$109.18
Costs to cover1.206%Break-even316.4 days
Slippage: GRVT: live order book, 5 min ago; Phemex: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGGRVT1.5111.6 bp−$1221.7 bp−$217doesn’t fitdoesn’t fit
SELL · SHORTPhemex0.5138.9 bp−$39doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-30 01:05 | Reya | Listing | PENGURUSDPERP no longer reported ($PENGU) seen by our collector |
| 09-29 21:28 | Kraken Futures | Other | "Bro, I am in a state of absolute abundance. Crypto. Stocks. Earning rewards. Secure. I'm swimming in options. While you're chasing rugs, I am chilling with my premium, strategic portfolio. This is what building wealth looks like. Fix your mindset, bro. Get on Kraken." -PENGU @krakenfx on X ↗ |
| 09-23 09:31 | Phemex | Listing | new market PENGUUSDT ($PENGU) seen by our collector |
| 09-19 12:00 | KuCoin | Other | Altseason 2026 hasn't officially started—CoinMarketCap's Altcoin Season Index sits near 44, well below the 75 threshold, and Bitcoin dominance is still holding around 58%. But a handful of names are already breaking away: HYPE and ZEC are leading on market cap and momentum, LINK and ONDO anchor the RWA/oracle narrative, while UNI, AAVE, XRP, PENGU, PONS, and Binance Life round out the top 10 watchlist. Which 10 altcoins are traders positioning in before the rotation? We break it all down on the KuCoin Blog 👇 @kucoincom on X ↗ |
Reya
Kraken Futures
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