PENGU

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	LighterPENGU	0.009621	+0.0096	pay 0.0012% / 1h	30m 21s	$448K	$814K	8x	Long Lighter7d free
SHORT	PhemexPENGUUSDT	0.009615	+0.0100	get 0.0050% / 4h	2h 30m	$1.5M	$2.7M	50x	Short Phemex

Price gap−0.062%

Funding gap+0.0004% /8h

Funding is ≈ 0 and the gap is at its 7d average: nothing to capture right now.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$1+0.0004% /8h now · paid +0.008% over the last 7D

Price−$1spread −0.062% now, avg −0.049% → −0.014% if it goes back

Costs−$960.964% of $10k · taker + slippage, in and out

Result−$97−0.97%+ Points / potential airdropLighter: Season 3 · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.062%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

PENGU on 35 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

Watch: Thin at this size6.9 / 39.8 bp
At $10k entering Phemex costs 39.8 bp, fee and slippage, 5.8× Lighter’s.
Note: Margin at max leverage$1,250 + $200
Lighter 8x, Phemex 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 4h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: +$0.12Long Lighter: 24 payments, −$2.88; short Phemex: 6 payments, +$3.00.
Note: Gap at its usual level−0.062% vs −0.049%
The price leg adds little either way.
Watch: Long leg is thinner$448K vs $1.5M OI
Lighter sets your exit cost. Check its book before closing.
OK: Points on a legLighter Season 3
Volume here counts toward the points program.
Watch: KYCLighter No · Phemex Yes
KYC unlocks spot and futures trading; an unverified account cannot withdraw at all.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0004%/8h × 21 periods+$0.84

Price spread−0.062% → −0.049% (7d avg)−$1.38

Slippage, 4 orderslive order books−$84.35

Fee Lighter bp × 2 orders$0.00

Fee Phemex bp × 2 orders−$12.00

Net · 7 days · $10k−$96.90

Costs to cover0.964%Break-even814.5 days

Slippage: Lighter: live order book, 6 min ago; Phemex: live order book, 4 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGLighter3.636.9 bp−$751.3 bp−$513doesn’t fitdoesn’t fit

SELL · SHORTPhemex4.6839.8 bp−$40148.7 bp−$1,487doesn’t fitdoesn’t fit

Closing costs about the same again.

PENGU news

posts that mention PENGU, from every exchangeSearch all news →

09-30 01:05	Reya	Listing	PENGURUSDPERP no longer reported ($PENGU) seen by our collector
09-29 21:28	Kraken Futures	Other	"Bro, I am in a state of absolute abundance. Crypto. Stocks. Earning rewards. Secure. I'm swimming in options. While you're chasing rugs, I am chilling with my premium, strategic portfolio. This is what building wealth looks like. Fix your mindset, bro. Get on Kraken." -PENGU @krakenfx on X ↗
09-23 09:31	Phemex	Listing	new market PENGUUSDT ($PENGU) seen by our collector
09-19 12:00	KuCoin	Other	Altseason 2026 hasn't officially started—CoinMarketCap's Altcoin Season Index sits near 44, well below the 75 threshold, and Bitcoin dominance is still holding around 58%. But a handful of names are already breaking away: HYPE and ZEC are leading on market cap and momentum, LINK and ONDO anchor the RWA/oracle narrative, while UNI, AAVE, XRP, PENGU, PONS, and Binance Life round out the top 10 watchlist. Which 10 altcoins are traders positioning in before the rotation? We break it all down on the KuCoin Blog 👇 @kucoincom on X ↗