PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0395%/8h= −43.3% APRnext payment −$1.98 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against HTX−0.203%7-day average −0.326% · you buy dearer than you sell

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

Long on HTX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.025%−$2 on $10k

Price spread, last 3 days (all we have)−0.149%−$15 · spread now −0.203%, 7d avg −0.326%

Together, before fees−0.174%+ Points / potential airdropVariational Omni: Active · farm board−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.123% dearer against HTX than usual: you sell high and buy low (spread −0.203% now, against its 7-day average of −0.326%): +$12 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 3 days (−0.025% in total) that is about 16 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.025% in total (about -2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.98 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	HTX PENGU-USDT	0.008749	0.0100	pay 0.0050% / 4h	11m 29s	$91K	$249K	25x
Short	Variational Omni PENGU	0.008731	−0.0295	pay 0.0148% / 4h	11m 29s	$767K	$832K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against HTX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 HTXbpFee Variational OmnibpOrdersPrice spread, now −0.203%Rate

Funding earned: −$83
Price spread: −0.203% → −0.326%: $12.26
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$82.74
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: HTX: live order book, 65 min ago; Variational Omni: RFQ quote, 3 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 HTX live order book, 65 min ago	13.61 bp	19.6 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	4.01 bp	doesn't fit	22.4 bp −$224	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	−0.0343%	1h	0.008728	−0.238%	$366K	$2.3M	50x	as long as short
Bybit PENGUUSDT	−0.0332%	4h	0.008700	−0.560%	$22.7M	$36.9M	75x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0323%	1h	0.008722	−0.309%	$19K	$9K	10x	as long as short
Gate PENGU_USDT	−0.0318%	4h	0.008706	−0.491%	$3.4M	$15.7M	75x	as long as short
Variational Omni PENGUshort	−0.0295%	4h	0.008731	−0.203%	$767K	$832K	—
01 Exchange PENGUUSD	−0.0280%	1h	0.008698	−0.583%	$199	$59	5x	as long as short
Backpack PENGU_USDC_PERP	−0.0183%	1h	0.008719	−0.343%	$306K	$315K	10x	as long as short
Injective PENGU/USDC PERP	−0.0114%	1h	0.008789	+0.457%	$3K	$117K	5.5x	as long as short
Nado PENGU-PERP	−0.0022%	1h	0.008707	−0.486%	$692K	$777K	5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008729	−0.229%	$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	+0.0019%	1h	0.008716	−0.373%	$12K	$4K	5x	as long as short
GRVT PENGU_USDT_Perp	+0.0078%	4h	0.008721	−0.320%	$456K	$2.1M	10x	as long as short
Lighter PENGU	+0.0096%	1h	0.008712	−0.423%	$305K	$741K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008723	−0.297%	$23K	$186K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008707	−0.480%	$8.4M	$15.3M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008718	−0.356%	$187K	$474K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008712	−0.423%	$150K	$239K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008706	−0.491%	$36.0M	$155.0M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008703	−0.526%	$7.5M	$46.7M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008710	−0.446%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008711	−0.434%	$12.3M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008712	−0.423%	$4.7M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008707	−0.480%	$8.3M	$12.6M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008707	−0.480%	—	$3.9M	—	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008729	−0.229%	$79K	$254K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008935	+2.126%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008718	−0.354%	$998	$5K	5x	as long as short
HTX PENGU-USDTlong	+0.0100%	4h	0.008749	long leg	$91K	$249K	25x
Extended PENGU-USD	+0.0104%	1h	0.008702	−0.533%	$179K	$622K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008717	−0.366%	$201K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008703	−0.527%	$294	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008721	−0.320%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0496% / S −0.0683%	1h	0.008731	−0.206%	$110K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2688%	1h	0.008768	+0.217%	$93K	$103K	50x	as long as short