PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0001%/8h= −0.2% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%

Price spread now: Orderly against OKX−0.351%7-day average −0.002% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on OKX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 3 days (all we have)+0.384%+$38 · spread now −0.351%, 7d avg −0.002%

Together, before fees+0.421%+$42 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.349% cheaper against OKX than usual: you would sell low and buy high, −$35 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PENGU-USDT-SWAP	0.008839	0.0100	pay 0.0050% / 4h	2h 28m	$7.5M	$47.8M	50x
Short	Orderly PERP_PENGU_USDC	0.008808	0.0099	get 0.0049% / 4h	2h 28m	$19K	$165K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.351%Rate

Funding earned: −$0.29
Price spread: −0.351% → −0.002%: −$34.88
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$51.18
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 5 min ago; Orderly: no order-book sample. Net counts fees only.

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	10.7 bp −$11	25.7 bp −$257	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PENGU on 33 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	0.008807	−0.362%	$18K	$10K	10x	as long as short
Gate PENGU_USDT	+0.0006%	4h	0.008815	−0.272%	$3.4M	$15.5M	75x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008811	−0.312%	$32K	—	150x	as long as short
Variational Omni PENGU	+0.0019%	4h	0.008791	−0.541%	$874K	$1.0M	—	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.566%	$3K	$117K	5.5x	as long as short
01 Exchange PENGUUSD	+0.0080%	1h	0.008828	−0.124%	$202	$64	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008828	−0.124%	$312K	$707K	8x	as long as short
Orderly PERP_PENGU_USDCshort	+0.0099%	4h	0.008808	−0.351%	$19K	$165K	20x
Hyperliquid PENGU	+0.0100%	1h	0.008824	−0.170%	$8.3M	$14.9M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008820	−0.217%	$144K	$507K	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PENGU	+0.0100%	1h	0.008835	−0.045%	$155K	$245K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008836	−0.037%	$37.7M	$157.5M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008839	0.000%	$23.1M	$38.2M	75x	as long as short
OKX PENGU-USDT-SWAPlong	+0.0100%	4h	0.008839	long leg	$7.5M	$47.8M	50x
Arcus PENGU-USD	+0.0100%	1h	0.008840	+0.011%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008841	+0.023%	$12.1M	$12.9M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008818	−0.238%	$4.7M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008822	−0.192%	$8.3M	$12.7M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008809	−0.339%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008812	−0.305%	$302K	$307K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008784	−0.626%	$470K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008800	−0.441%	$80K	$249K	50x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008820	−0.209%	$594K	$988K	5x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009027	+2.127%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008801	−0.430%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008827	−0.136%	$94K	$337K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008815	−0.267%	$182K	$939K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008798	−0.464%	$203K	—	3x	as long as short
Kraken Futures PF_PENGUUSD	+0.0210%	1h	0.008809	−0.339%	$363K	$2.3M	50x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008814	−0.285%	$298	—	10x	as long as short
dYdX PENGU-USD	+0.0262%	1h	0.008834	−0.056%	$12K	$4K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0513% / S −0.0708%	1h	0.008816	−0.260%	$115K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1352%	1h	0.008967	+1.448%	$95K	$100K	50x	as long as short