PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%

Price spread now: BloFin against MEXC0.000%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs+$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$290.288% of the position

Long on MEXC Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.493%+$49 on $10k

Price spread, last 4 days (all we have)+0.305%+$31 · spread now 0.000%, 7d avg 0.000%

Together, before fees+0.798%+$80 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of 0.000%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PENGU_USDT	0.009153	0.0100	pay 0.0050% / 4h	3h 14m	$11.7M	$13.1M	125x
Short	BloFin PENGU-USDT	0.009153	0.0340	get 0.0170% / 4h	3h 14m	$1.6M	$5.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against MEXC. 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 MEXCbpFee BloFinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $50.4
Price spread: 0.000% → 0.000%: $0.02
Slippage, 4 orders: −$16.83
Fee MEXC: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: $21.59
Costs to cover: 0.288%
Break-even: 4.0 days

Slippage from MEXC: live order book, 3 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 MEXC live order book, 3 min ago	1.09 bp	3.7 bp −$4	14.6 bp −$146	53.7 bp −$5,369	90.9 bp −$45.4K
Sell BloFin live order book, 4 min ago	1.64 bp	8.3 bp −$8	16.5 bp −$165	41.9 bp −$4,193	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
Gate PENGU_USDT	−0.0094%	4h	0.009142	−0.120%	$3.7M	$18.2M	75x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.009149	−0.049%	$34K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−3.977%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.009159	+0.066%	$328K	$769K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009142	−0.120%	$644K	$1.1M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.009158	+0.055%	$9.4M	$16.8M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009154	+0.011%	$131K	$771K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009155	+0.022%	$139K	$234K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009154	+0.012%	$40.7M	$196.6M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009148	−0.055%	$24.7M	$47.0M	75x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009146	−0.076%	$8.3M	$58.2M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009150	−0.033%	$19K	$26K	5x	as long as short
MEXC PENGU_USDTlong	+0.0100%	4h	0.009153	long leg	$11.7M	$13.1M	125x
KuCoin PENGUUSDTM	+0.0100%	4h	0.009149	−0.044%	$5.0M	$10.6M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009159	+0.066%	$8.9M	$15.1M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.009138	−0.164%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009147	−0.066%	$299K	$375K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009151	−0.020%	$946K	$1.2M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009160	+0.076%	$481K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009152	−0.011%	$80K	$252K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009153	0.000%	$24K	$336K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009364	+2.305%	$3K	$2.2M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009151	−0.022%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009160	+0.076%	$96K	$417K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009147	−0.070%	$188K	$747K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009148	−0.055%	$211K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0241%	1h	0.009143	−0.114%	$309	—	10x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0296%	1h	0.009155	+0.022%	$1K	$29K	10x	as long as short
BloFin PENGU-USDTshort	+0.0340%	4h	0.009153	0.000%	$1.6M	$5.3M	75x
01 Exchange PENGUUSD	+0.0352%	1h	0.009155	+0.022%	$209	$141	5x	as long as short
Kraken Futures PF_PENGUUSD	+0.0377%	1h	0.009157	+0.039%	$339K	$2.7M	50x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0432% / S −0.0351%	1h	0.009149	−0.044%	$105K	—	100x	as long as short
dYdX PENGU-USD	+0.1537%	1h	0.009148	−0.057%	$22K	$18K	5x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2088%	1h	0.009225	+0.787%	$81K	$73K	50x	as long as short