Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / Crypto

PENGU

All PENGU markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
PhemexPENGUUSDT
0.009707+0.0100pay 0.0050% / 4h1h 53m$1.5M$2.9M50xLong Phemex
SHORT
dYdXPENGU-USD
0.00969900.0000% / 1h53m 17s$5K$7K5xShort dYdX
Price gap−0.082%
Funding gap−0.0100% /8h

Both sides work against this direction now: funding costs $3 a day on $10k and the gap is 0.082% under zero (no 7-day history yet). Swap the legs.

Funding on this pair paid 0.131% over the last 7 days: the rate has only just turned.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$13−0.0100% /8h now · paid +0.131% over the last 7D
Price—spread −0.082% now · no price history on both exchanges yet
Costsno datano order book for dYdX
Result, before costs—no pointsneeds both price histories

Funding history

you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.

Price spread between the two exchanges

dYdX price against Phemexnow
RANGE STATS · 7D
Now−0.082%
Average—
Range—
Wider than now—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

PENGU on 34 exchanges

lowest funding first

Before you open

0 ok · 3 to watch
  • Note: Order book unknown—
    No order-book sample for dYdX: its slippage is not counted.
  • Note: Margin at max leverage$200 + $2,000
    Phemex 50x, dYdX 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ4h / 1h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: −$3.00Long Phemex: 6 payments, −$3.00; short dYdX: 24 payments, $0.00.
  • Note: No 7-day spread history−0.082%
    The gap cannot be compared with its average yet.
  • Watch: Short leg is thinner$5K vs $1.5M OI
    dYdX sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCPhemex Yes · dYdX No
    KYC unlocks spot and futures trading; an unverified account cannot withdraw at all.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0066%/8h × 21 periods+$13.91
Price spread−0.082% → 0−$8.24
Slippage, 4 ordersno data for dYdX—
Fee Phemex bp × 2 orders−$12.00
Fee dYdX bp × 2 orders−$10.00
Net, fees only · 7 days · $10k−$16.33
Costs to cover0.220%Break-even15.2 days
Slippage: Phemex: live order book, 5 min ago; dYdX: no order-book sample

Cost to enter

taker + slippage from mid, one side
BUY · LONGPhemex7.7546.4 bp−$46doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTdYdX—————

Closing costs about the same again.
dYdX: no data.

Alert

PENGU news

posts that mention PENGU, from every exchangeSearch all news →
09-23 09:31PhemexListingnew market PENGUUSDT ($PENGU) seen by our collector
09-19 12:00KuCoinOtherAltseason 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 ↗