PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0258%/8h= −28.3% APRnext payment −$0.32 per $10,000 · paid last 24h +0.005%

Price spread now: Arcus against Kraken Futures−0.197%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Arcus is 0.197% cheaper against Kraken Futures than usual: you would sell low and buy high (−$20 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_PENGUUSD	0.008948	0.0358	pay 0.0045% / 1h	59m 27s	$350K	$2.4M	50x
Short	Arcus PENGU-USD	0.008930	0.0100	get 0.0013% / 1h	59m 27s	$19K	$24K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Kraken Futures. 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 Kraken FuturesbpFee ArcusbpOrdersPrice spread, now −0.197%Rate

Funding earned: −$54.18
Price spread: −0.197% → 0.000%: −$19.71
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$88.39
Costs to cover: 0.145%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 4 min ago; Arcus: no order-book sample. 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 Kraken Futures live order book, 4 min ago	7.27 bp	22.6 bp −$23	69.0 bp −$690	doesn't fit	doesn't fit
Sell Arcus no order-book sample	—	—	—	—	—

Arcus: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0130%	1h	0.008913	−0.387%	$599K	$1.0M	5x	as long as short
01 Exchange PENGUUSD	−0.0008%	1h	0.008935	−0.141%	$204	$64	5x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008943	−0.052%	$19K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008914	−0.378%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−1.773%	$3K	$117K	5.5x	as long as short
Hyperliquid PENGU	+0.0053%	1h	0.008919	−0.320%	$8.3M	$14.7M	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008941	−0.074%	$318K	$717K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008943	−0.052%	$24K	$90K	20x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008937	−0.117%	$128K	$595K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008941	−0.074%	$157K	$243K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PENGUUSDT	+0.0100%	4h	0.008923	−0.270%	$38.1M	$166.5M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008914	−0.376%	$23.6M	$39.9M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008914	−0.376%	$7.6M	$48.5M	50x	as long as short
Arcus PENGU-USDshort	+0.0100%	1h	0.008930	−0.197%	$19K	$24K	5x
Gate PENGU_USDT	+0.0100%	4h	0.008944	−0.041%	$3.4M	$15.8M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008914	−0.376%	$10.9M	$12.3M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008914	−0.376%	$4.8M	$9.3M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008922	−0.287%	$8.7M	$12.7M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008941	−0.074%	—	$3.5M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008933	−0.164%	$297K	$326K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008928	−0.220%	$931K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008928	−0.223%	$476K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008929	−0.208%	$81K	$242K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009150	+2.262%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008936	−0.130%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008947	−0.007%	$93K	$377K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008943	−0.057%	$184K	$943K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008933	−0.164%	$206K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008910	−0.418%	$301	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008954	+0.071%	$1.5M	$3.8M	75x	as long as short
Kraken Futures PF_PENGUUSDlong	+0.0358%	1h	0.008948	long leg	$350K	$2.4M	50x
dYdX PENGU-USD	+0.0409%	1h	0.008930	−0.198%	$12K	$5K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0512% / S −0.0572%	1h	0.008940	−0.085%	$120K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2928%	1h	0.008962	+0.161%	$95K	$60K	50x	as long as short