Funding arb · Price arb / Crypto
PENGU
All PENGU markets →| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.007516 | +0.0096 | pay 0.0012% / 1h | 52m 37s | $202K | $70K | 8x | Long Lighter7d free | |
| SHORT | 0.007507 | −0.0059 | pay 0.0007% / 1h | 52m 37s | $143K | $227K | 50x | Short TxFlow5% off |
Price gap−0.120%
Funding gap−0.0155% /8h
Funding costs $5 a day on $10k at the current rate. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$25−0.0155% /8h now · paid −0.251% over the last 7D
Price$0spread −0.120% now, avg −0.116% → −0.004% if it goes back
Costs−$270.268% of $10k · taker + slippage, in and out
Result−$52−0.52%+ Points / potential airdropLighter: Season 3 · TxFlow: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / 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−0.120%
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
/8hPENGU on 35 exchanges
lowest funding firstBefore you open
4 ok · 1 to watch- OK: Fits both order books5.6 / 6.7 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$1,250 + $200Lighter 8x, TxFlow 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$4.66Long Lighter: 24 payments, −$2.88; short TxFlow: 24 payments, −$1.78.
- Note: Gap at its usual level−0.120% vs −0.116%The price leg adds little either way.
- Watch: Short leg is thinner$143K vs $202K OITxFlow sets your exit cost. Check its book before closing.
- OK: Points on a legLighter Season 3 · TxFlow pointsVolume here counts toward the points program.
- OK: No KYC on either legLighter No · TxFlow NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0119%/8h × 21 periods−$25.06
Price spread−0.120% → −0.116% (7d avg)−$0.39
Slippage, 4 orderslive order books−$17.78
Fee Lighter bp × 2 orders$0.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$52.24
Costs to cover0.268%Break-evennever at this rate
Slippage: Lighter: live order book, 51 min ago; TxFlow: live order book, 58 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter4.645.6 bp−$643.0 bp−$430doesn’t fitdoesn’t fit
SELL · SHORTTxFlow0.676.7 bp−$712.2 bp−$12258.3 bp−$5,828doesn’t fit
Closing costs about the same again.
| 10-21 06:00 | Bitget | Other | Crypto assets that moved big last night. $ZEC +10.30% $PENGU $6.12% $NEAR +4.28% What else did you catch? @bitget on X ↗ |
| 10-05 02:16 | SoDEX | Other | 📊 SoDEX 24h Movers | Mon, Oct 5 73 of 92 perp markets are higher. Can the broad advance hold through this week's macro releases? Market notes $AXS: Price rose on declining volume, alongside negative funding and net exchange inflows. The advance lacked stronger volume confirmation. $PENGU: Stonk launched a "Community Coins" mode on Solana, making PENGU holders eligible to share rewards from newly issued meme tokens. $PONS: Trader Bonk Guy's portfolio is down ~$13.9M from its Sept 6 peak. PONS remains his largest holding at $4.51M. This week's watchlist Mon, Oct 5, 14:00 UTC: US ISM Services PMI Wed, Oct 7, 18:00 UTC: FOMC minutes Fri, Oct 9: Michigan consumer sentiment preliminary release 73 up / 19 down / 0 flat across 92 perp markets. 24 also trade spot. Trade 👉 @sodex_official on X ↗ |
| 09-29 21:28 | Kraken Futures | Other | "Bro, I am in a state of absolute abundance. Crypto. Stocks. Earning rewards. Secure. I'm swimming in options. While you're chasing rugs, I am chilling with my premium, strategic portfolio. This is what building wealth looks like. Fix your mindset, bro. Get on Kraken." -PENGU @krakenfx on X ↗ |
| 09-23 09:31 | Phemex | Listing | new market PENGUUSDT ($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 ↗ |

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