PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.2196%/8h= +240.5% APRnext payment +$2.75 per $10,000 · paid last 24h +0.593%

Price spread now: Coinbase International against Pacifica+2.141%7-day average +0.775% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$2292.288% of the position

Long on Pacifica Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+1.746%+$175 on $10k

Price spread, last 3 days (all we have)−1.437%−$144 · spread now +2.141%, 7d avg +0.775%

Together, before fees+0.309%+ Points / potential airdropPacifica: Active · farm board+$31 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$66 a day on $10k at the current rate, and Coinbase International is 1.367% dearer against Pacifica than usual: you sell high and buy low: +$137 more if the spread goes back to its 7-day average of +0.775%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica PENGU	0.008779	0.0100	pay 0.0013% / 1h	18m 09s	$154K	$243K	5x
Short	Coinbase International PENGU-PERP-INTX	0.008967	0.2296	get 0.0287% / 1h	18m 09s	$95K	$94K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Pacifica. 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 PacificabpFee Coinbase InternationalbpOrdersPrice spread, now +2.141%Rate

Funding earned: $461.16
Price spread: +2.141% → +0.775%: $136.69
Slippage, 4 orders: −$210.82
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $369.04
Costs to cover: 2.288%
Break-even: 1.4 days

Slippage from Pacifica: live order book, 45 min ago; Coinbase International: live order book, 75 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 Pacifica live order book, 45 min ago	2.27 bp	12.0 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 75 min ago	84.41 bp	90.2 bp −$90	doesn't fit	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
Deribit PENGU_USDC-PERPETUAL	−0.0092%	1h	0.008764	−0.171%	$18K	$10K	10x	as long as short
01 Exchange PENGUUSD	−0.0040%	1h	0.008777	−0.023%	$201	$64	5x	as long as short
Gate PENGU_USDT	−0.0002%	4h	0.008765	−0.159%	$3.3M	$15.7M	75x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008766	−0.145%	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.114%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008771	−0.091%	$312K	$712K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008766	−0.148%	$23K	$165K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008772	−0.080%	$8.2M	$14.7M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008778	−0.007%	$121K	$578K	20x	as long as short
Pacifica PENGUlong	+0.0100%	1h	0.008779	long leg	$154K	$243K	5x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PENGUUSDT	+0.0100%	4h	0.008767	−0.137%	$36.6M	$160.4M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008763	−0.182%	$23.2M	$38.9M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008763	−0.182%	$7.4M	$46.6M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008780	+0.011%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008769	−0.114%	$11.4M	$12.4M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008769	−0.114%	$4.8M	$9.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008769	−0.114%	$8.3M	$12.4M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008769	−0.114%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008766	−0.148%	$299K	$293K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008794	+0.169%	$874K	$985K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008777	−0.024%	$458K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008800	+0.239%	$80K	$243K	50x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008772	−0.080%	$588K	$1.0M	5x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008974	+2.221%	$3K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008762	−0.194%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008796	+0.194%	$92K	$354K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008759	−0.231%	$185K	$945K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008757	−0.251%	$202K	—	3x	as long as short
dYdX PENGU-USD	+0.0224%	1h	0.008783	+0.043%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008769	−0.118%	$296	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008768	−0.125%	$1.5M	$3.5M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0555% / S −0.0662%	1h	0.008764	−0.171%	$132K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0648%	1h	0.008773	−0.068%	$351K	$2.3M	50x	as long as short
Coinbase International PENGU-PERP-INTXshort	+0.2296%	1h	0.008967	+2.141%	$95K	$94K	50x