PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0090%/8h= −9.9% APRnext payment −$0.45 per $10,000 · paid last 24h −0.035%

Price spread now: Gate against OKX−0.011%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$590.592% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.058%−$6 on $10k

Price spread, last 7 days+0.016%+$2 · spread now −0.011%, 7d avg +0.004%

Together, before fees−0.042%−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PENGU-USDT-SWAP	0.008736	0.0100	pay 0.0050% / 4h	54m 05s	$7.2M	$46.7M	50x
Short	Gate PENGU_USDT	0.008735	0.0010	get 0.0005% / 4h	54m 05s	$3.3M	$15.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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 OKXbpFee GatebpOrdersPrice spread, now −0.011%Rate

Funding earned: −$18.9
Price spread: −0.011% → +0.004%: −$1.51
Slippage, 4 orders: −$34.24
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$79.65
Costs to cover: 0.592%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Gate: live order book, 5 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 OKX live order book, 5 min ago	0.57 bp	11.9 bp −$12	33.9 bp −$339	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	2.86 bp	16.4 bp −$16	49.8 bp −$498	doesn't fit	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
ApeX Omni PENGUUSDT	−0.0359%	1h	0.008737	+0.011%	$80K	$242K	50x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008735	−0.011%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008741	+0.056%	$32K	—	150x	as long as short
Gate PENGU_USDTshort	+0.0010%	4h	0.008735	−0.011%	$3.3M	$15.5M	75x
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.607%	$3K	$117K	5.5x	as long as short
01 Exchange PENGUUSD	+0.0072%	1h	0.008746	+0.114%	$200	$64	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008741	+0.057%	$311K	$712K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008737	+0.011%	$23K	$133K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008744	+0.097%	$586K	$1.0M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008743	+0.080%	$8.1M	$14.7M	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PENGUUSDT	+0.0100%	4h	0.008740	+0.051%	$121K	$579K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008749	+0.149%	$154K	$243K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008740	+0.049%	$36.4M	$161.3M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008735	−0.011%	$23.1M	$39.0M	75x	as long as short
OKX PENGU-USDT-SWAPlong	+0.0100%	4h	0.008736	long leg	$7.2M	$46.7M	50x
Arcus PENGU-USD	+0.0100%	1h	0.008750	+0.160%	$19K	$23K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008739	+0.034%	$11.2M	$12.2M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008741	+0.057%	$4.8M	$9.2M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008737	+0.011%	$8.2M	$12.3M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008738	+0.023%	—	$3.6M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008737	+0.011%	$298K	$295K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008747	+0.127%	$870K	$985K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008757	+0.238%	$460K	$2.1M	10x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008964	+2.610%	$3K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008737	+0.011%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008749	+0.149%	$91K	$372K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008731	−0.054%	$184K	$942K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008728	−0.092%	$202K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008743	+0.083%	$295	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008738	+0.023%	$1.5M	$3.5M	75x	as long as short
Kraken Futures PF_PENGUUSD	+0.0366%	1h	0.008745	+0.100%	$342K	$2.4M	50x	as long as short
dYdX PENGU-USD	+0.0442%	1h	0.008753	+0.192%	$12K	$5K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0510% / S −0.0439%	1h	0.008740	+0.046%	$128K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2928%	1h	0.008967	+2.644%	$95K	$61K	50x	as long as short