PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%

Price spread now: BloFin against KuCoin−0.344%65s7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$660.659% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.471%+$47 on $10k

Price spread, last 4 days (all we have)+0.445%+$45 · spread now −0.344%, 7d avg −0.020%

Together, before fees+0.917%+$92 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.323% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.344% now, against its 7-day average of −0.020%). If the spread goes back, that is −$32 on $10k: about 4.5 days of funding at the current rate (+$7 a day). The two prices were read 65 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	KuCoin PENGUUSDTM	0.008728	0.0100	pay 0.0050% / 4h	44m 15s	$4.8M	$9.2M	75x
Short	BloFin PENGU-USDT	0.008698	0.0340	get 0.0170% / 4h	44m 15s	$1.5M	$3.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. 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 KuCoinbpFee BloFinbpOrdersPrice spread, now −0.344%Rate

Funding earned: $50.4
Price spread: −0.344% → −0.020%: −$32.34
Slippage, 4 orders: −$41.92
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$47.86
Costs to cover: 0.659%
Break-even: 13.6 days

Slippage from KuCoin: live order book, 4 min ago; BloFin: live order book, 4 min ago.

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 KuCoin live order book, 4 min ago	1.15 bp	21.3 bp −$21	53.6 bp −$536	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	1.15 bp	11.2 bp −$11	22.1 bp −$221	50.9 bp −$5,085	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
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008725	−0.034%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008729	+0.015%	$32K	—	150x	as long as short
01 Exchange PENGUUSD	+0.0024%	1h	0.008728	0.000%	$200	$64	5x	as long as short
Gate PENGU_USDT	+0.0024%	4h	0.008729	+0.011%	$3.3M	$15.6M	75x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.699%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008728	0.000%	$310K	$712K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008728	0.000%	$23K	$127K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008730	+0.023%	$8.1M	$14.7M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008731	+0.031%	$121K	$579K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008718	−0.115%	$153K	$241K	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	0.008731	+0.034%	$36.3M	$161.5M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008727	−0.011%	$23.0M	$39.1M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008729	+0.011%	$7.2M	$46.6M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008730	+0.023%	$19K	$23K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008730	+0.023%	$11.0M	$12.3M	125x	as long as short
KuCoin PENGUUSDTMlong	+0.0100%	4h	0.008728	long leg	$4.8M	$9.2M	75x
Bitget PENGUUSDT	+0.0100%	4h	0.008733	+0.057%	$8.2M	$12.3M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008730	+0.023%	—	$3.6M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008731	+0.034%	$298K	$295K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008693	−0.402%	$863K	$985K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008670	−0.664%	$462K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008685	−0.493%	$79K	$243K	50x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008726	−0.020%	$585K	$1.0M	5x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008944	+2.475%	$2K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008725	−0.034%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008750	+0.252%	$91K	$372K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008720	−0.089%	$179K	$946K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008718	−0.115%	$201K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008730	+0.023%	$295	—	10x	as long as short
BloFin PENGU-USDTshort	+0.0340%	4h	0.008698	−0.344%	$1.5M	$3.5M	75x
Kraken Futures PF_PENGUUSD	+0.0367%	1h	0.008731	+0.029%	$342K	$2.4M	50x	as long as short
dYdX PENGU-USD	+0.0381%	1h	0.008710	−0.208%	$12K	$5K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0495% / S −0.0419%	1h	0.008729	+0.011%	$124K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2928%	1h	0.008732	+0.046%	$93K	$60K	50x	as long as short