PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0707%/8h= −77.4% APRnext payment −$0.88 per $10,000 · paid last 24h +0.001%

Price spread now: Kraken Futures against SoDEX+0.153%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Kraken Futures is 0.153% dearer against SoDEX than usual: you sell high and buy low (spread +0.153% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX PENGU-USD	0.008769	0.0100	pay 0.0013% / 1h	25m 29s	$995	$5K	5x
Short	Kraken Futures PF_PENGUUSD	0.008782	−0.0607	pay 0.0076% / 1h	25m 29s	$370K	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against SoDEX. 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 SoDEXbpFee Kraken FuturesbpOrdersPrice spread, now +0.153%Rate

Funding earned: −$148.51
Price spread: +0.153% → 0.000%: $15.35
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$151.16
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Kraken Futures: live order book, 3 min ago. 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 SoDEX no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 3 min ago	6.82 bp	19.2 bp −$19	33.3 bp −$333	doesn't fit	doesn't fit

SoDEX: 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 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
Kraken Futures PF_PENGUUSDshort	−0.0607%	1h	0.008782	+0.153%	$370K	$2.2M	50x
Deribit PENGU_USDC-PERPETUAL	−0.0319%	1h	0.008778	+0.103%	$19K	$9K	10x	as long as short
Gate PENGU_USDT	−0.0316%	4h	0.008773	+0.046%	$3.4M	$15.6M	75x	as long as short
Bybit PENGUUSDT	−0.0147%	4h	0.008778	+0.103%	$22.9M	$36.4M	75x	as long as short
01 Exchange PENGUUSD	−0.0080%	1h	0.008778	+0.103%	$201	$59	5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008783	+0.154%	$33K	—	150x	as long as short
Variational Omni PENGU	+0.0017%	4h	0.008778	+0.107%	$801K	$802K	—	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008715	−0.616%	$3K	$81K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008775	+0.068%	$308K	$736K	8x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008785	+0.182%	$8.7M	$15.0M	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	0.008774	+0.061%	$189K	$466K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008770	+0.011%	$150K	$238K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008782	+0.153%	$36.6M	$152.9M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008779	+0.114%	$7.7M	$47.1M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008780	+0.125%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008770	+0.011%	$12.7M	$12.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008775	+0.068%	$4.8M	$8.9M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008784	+0.171%	$8.4M	$12.6M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008763	−0.068%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008770	+0.011%	$313K	$309K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008803	+0.388%	$460K	$2.3M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008808	+0.445%	$80K	$253K	50x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008774	+0.063%	$683K	$759K	5x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008779	+0.114%	$23K	$186K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008976	+2.361%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USDlong	+0.0100%	1h	0.008769	long leg	$995	$5K	5x
HTX PENGU-USDT	+0.0100%	4h	0.008785	+0.182%	$92K	$249K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008773	+0.044%	$181K	$682K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008771	+0.023%	$203K	$17K	3x	as long as short
dYdX PENGU-USD	+0.0138%	1h	0.008778	+0.106%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERP	+0.0237%	1h	0.008778	+0.103%	$296	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008791	+0.251%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0510% / S −0.0711%	1h	0.008781	+0.137%	$114K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2504%	1h	0.008945	+2.007%	$95K	$105K	50x	as long as short