PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0122%/8h= −13.3% APRnext payment −$0.15 per $10,000 · paid last 24h +0.014%

Price spread now: 01 Exchange against Kraken Futures+0.025%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread pays, funding is against you. 01 Exchange is 0.025% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.025% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_PENGUUSD	0.008824	0.0210	pay 0.0026% / 1h	22m 39s	$360K	$2.3M	50x
Short	01 Exchange PENGUUSD	0.008826	0.0088	get 0.0011% / 1h	22m 39s	$202	$64	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.025%Rate

Funding earned: −$25.54
Price spread: +0.025% → 0.000%: $2.46
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$40.08
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 1 min ago; 01 Exchange: 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, 1 min ago	1.70 bp	20.1 bp −$20	55.1 bp −$551	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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 33 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
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008814	−0.111%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008810	−0.158%	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.395%	$3K	$117K	5.5x	as long as short
Gate PENGU_USDT	+0.0042%	4h	0.008836	+0.138%	$3.4M	$15.6M	75x	as long as short
Variational Omni PENGU	+0.0043%	4h	0.008835	+0.127%	$879K	$1.0M	—	as long as short
01 Exchange PENGUUSDshort	+0.0088%	1h	0.008826	+0.025%	$202	$64	5x
Lighter PENGU	+0.0096%	1h	0.008833	+0.104%	$312K	$707K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008814	−0.111%	$19K	$161K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008816	−0.089%	$594K	$988K	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008831	+0.081%	$8.3M	$14.9M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PENGUUSDT	+0.0100%	4h	0.008828	+0.050%	$143K	$509K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008832	+0.093%	$155K	$245K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008828	+0.053%	$37.7M	$157.5M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008822	−0.021%	$23.1M	$38.3M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008838	+0.161%	$7.5M	$47.8M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008830	+0.070%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008842	+0.206%	$12.0M	$12.9M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008826	+0.025%	$4.7M	$9.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008840	+0.183%	$8.3M	$12.7M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008819	−0.055%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008814	−0.111%	$302K	$300K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008817	−0.074%	$472K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008824	+0.002%	$80K	$249K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009028	+2.314%	$2K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008814	−0.111%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008833	+0.104%	$94K	$337K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008834	+0.113%	$182K	$939K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008807	−0.191%	$203K	—	3x	as long as short
Kraken Futures PF_PENGUUSDlong	+0.0210%	1h	0.008824	long leg	$360K	$2.3M	50x
Reya PENGURUSDPERP	+0.0238%	1h	0.008810	−0.154%	$298	—	10x	as long as short
dYdX PENGU-USD	+0.0294%	1h	0.008822	−0.018%	$12K	$4K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0513% / S −0.0708%	1h	0.008811	−0.145%	$115K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1352%	1h	0.008967	+1.623%	$95K	$94K	50x	as long as short