PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0062%/8h= −6.8% APRnext payment −$0.08 per $10,000 · paid last 24h −0.059%

Price spread now: gTrade (Gains Network) against Kraken Futures−0.114%128s7-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 gTrade (Gains Network)

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 −$2 a day on $10k at the current rate, and gTrade (Gains Network) is 0.114% cheaper against Kraken Futures than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 128 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_PENGUUSD	0.008890	0.0065	pay 0.0008% / 1h	29m 41s	$327K	$2.7M	50x
Short	gTrade (Gains Network) PENGU/USD	0.008880	L +0.0007% / S −0.0003%	get 0.0000% / 1h	29m 41s	$33K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.114%Rate

Funding earned: −$13.03
Price spread: −0.114% → 0.000%: −$11.42
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$44.44
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 2 min ago; gTrade (Gains Network): 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, 2 min ago	4.49 bp	15.5 bp −$16	51.2 bp −$512	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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 exchanges

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
dYdX PENGU-USD	0.0000%	1h	0.008887	−0.037%	$19K	$21K	5x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008894	+0.043%	$1K	$27K	10x	as long as short
gTrade (Gains Network) PENGU/USDshort	L +0.0007% / S −0.0003%	1h	0.008880	−0.114%	$33K	—	150x
01 Exchange PENGUUSD	+0.0032%	1h	0.008878	−0.137%	$203	$141	5x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−1.138%	$3K	$117K	5.5x	as long as short
Kraken Futures PF_PENGUUSDlong	+0.0065%	1h	0.008890	long leg	$327K	$2.7M	50x
Lighter PENGU	+0.0096%	1h	0.008887	−0.035%	$318K	$710K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008880	−0.114%	$634K	$1.1M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008891	+0.010%	$8.6M	$17.6M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008892	+0.019%	$107K	$791K	20x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PENGU	+0.0100%	1h	0.008889	−0.013%	$134K	$224K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008888	−0.023%	$38.4M	$195.2M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008880	−0.114%	$23.7M	$47.2M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008885	−0.058%	$8.3M	$55.8M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008880	−0.114%	$18K	$26K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.008886	−0.047%	$3.6M	$18.2M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008890	−0.002%	$12.4M	$12.7M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008895	+0.055%	$5.1M	$10.5M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008891	+0.010%	$8.5M	$14.1M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008891	+0.010%	—	$3.6M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008891	+0.010%	$296K	$367K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008898	+0.093%	$881K	$1.2M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008895	+0.055%	$463K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008910	+0.223%	$80K	$247K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008891	+0.010%	$23K	$357K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009104	+2.406%	$3K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008888	−0.024%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008904	+0.156%	$93K	$369K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008886	−0.045%	$179K	$742K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008891	+0.010%	$205K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0241%	1h	0.008885	−0.063%	$300	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008890	−0.002%	$1.6M	$5.4M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0431% / S −0.0359%	1h	0.008890	−0.002%	$103K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2136%	1h	0.008905	+0.167%	$81K	$92K	50x	as long as short