PENGU

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PhemexPENGUUSDT	0.009992	+0.0100	pay 0.0050% / 4h	3h 16m	$1.5M	$2.8M	50x	Long Phemex
SHORT	ExtendedPENGU-USD	0.009988	+0.0088	get 0.0011% / 1h	16m 35s	$164K	$1.6M	10x	Short Extended10% off

Price gap−0.036%

Funding gap−0.0012% /8h

The gap pays +$2 on $10k if it goes back to its 7d average, but funding costs $0 a day and eats that in about 6.4 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$1−0.0012% /8h now · paid +0.006% over the last 7D

Price+$2spread −0.036% now, avg −0.060% → +0.023% if it goes back

Costs−$870.871% of $10k · taker + slippage, in and out

Result−$84−0.84%+ Points / potential airdropExtended: points · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · loading 5m…

Entry / ExitExtended: thin, under $1M open interest

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.036%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

PENGU on 35 exchanges

lowest funding first

Before you open

2 ok · 4 to watch

Watch: Thin at this size33.6 / 9.9 bp
At $10k entering Phemex costs 33.6 bp, fee and slippage, 3.4× Extended’s.
Note: Margin at max leverage$200 + $1,000
Phemex 50x, Extended 10x. 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: −$0.36Long Phemex: 6 payments, −$3.00; short Extended: 24 payments, +$2.64.
OK: Entry gap works for you−0.036% vs −0.060%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$164K vs $1.5M OI
Extended sets your exit cost. Check its book before closing.
OK: Points on a legExtended points
Volume here counts toward the points program.
Watch: KYCPhemex Yes · Extended 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+0.0003%/8h × 21 periods+$0.64

Price spread−0.036% → −0.060% (7d avg)+$2.31

Slippage, 4 orderslive order books−$70.06

Fee Phemex bp × 2 orders−$12.00

Fee Extended bp × 2 orders−$5.00

Net · 7 days · $10k−$84.11

Costs to cover0.871%Break-even927.0 days

Slippage: Phemex: live order book, 6 min ago; Extended: live order book, 1 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGPhemex1.5133.6 bp−$34150.6 bp−$1,506doesn’t fitdoesn’t fit

SELL · SHORTExtended1.509.9 bp−$1071.4 bp−$714doesn’t fitdoesn’t fit

Closing costs about the same again.

PENGU news

posts that mention PENGU, from every exchangeSearch all news →

09-30 01:05	Reya	Listing	PENGURUSDPERP no longer reported ($PENGU) seen by our collector
09-29 21:28	Kraken Futures	Other	"Bro, I am in a state of absolute abundance. Crypto. Stocks. Earning rewards. Secure. I'm swimming in options. While you're chasing rugs, I am chilling with my premium, strategic portfolio. This is what building wealth looks like. Fix your mindset, bro. Get on Kraken." -PENGU @krakenfx on X ↗
09-23 09:31	Phemex	Listing	new market PENGUUSDT ($PENGU) seen by our collector
09-19 12:00	KuCoin	Other	Altseason 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 ↗