PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0106%/8h= −11.6% APRnext payment −$0.53 per $10,000 · paid last 24h −0.035%

Price spread now: Gate against SunX−2.342%7-day average −2.720% · you buy dearer than you sell

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

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.116%−$12 on $10k

Price spread, last 4 days (all we have)−0.059%−$6 · spread now −2.342%, 7d avg −2.720%

Together, before fees−0.176%−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.378% dearer against SunX than usual: you sell high and buy low (spread −2.342% now, against its 7-day average of −2.720%): +$38 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX PENGU-USDT	0.009009	0.0100	pay 0.0050% / 4h	1h 20m	$3K	$2.0M	10x
Short	Gate PENGU_USDT	0.008798	−0.0006	pay 0.0003% / 4h	1h 20m	$3.3M	$15.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against SunX. 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 SunXbpFee GatebpOrdersPrice spread, now −2.342%Rate

Funding earned: −$22.26
Price spread: −2.342% → −2.720%: $37.8
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$7.46
Costs to cover: 0.230%
Break-even: from the start

Slippage unknown: SunX: live order book, 6 min ago; Gate: 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 SunX live order book, 6 min ago	248.86 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	1.14 bp	17.7 bp −$18	48.6 bp −$486	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
01 Exchange PENGUUSD	−0.0040%	1h	0.008798	−2.342%	$201	$64	5x	as long as short
Gate PENGU_USDTshort	−0.0006%	4h	0.008798	−2.342%	$3.3M	$15.7M	75x
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008806	−2.253%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008805	−2.266%	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−2.442%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008807	−2.242%	$313K	$712K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008807	−2.242%	$23K	$165K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008797	−2.353%	$590K	$1.0M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008801	−2.309%	$8.2M	$14.7M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008807	−2.244%	$122K	$578K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PENGU	+0.0100%	1h	0.008798	−2.342%	$155K	$243K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008801	−2.313%	$36.7M	$160.3M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008796	−2.364%	$23.3M	$38.9M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008797	−2.353%	$7.4M	$46.8M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008800	−2.320%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008801	−2.309%	$11.4M	$12.4M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008805	−2.264%	$4.8M	$9.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008802	−2.298%	$8.3M	$12.4M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008788	−2.453%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008799	−2.331%	$300K	$293K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008794	−2.388%	$874K	$985K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008777	−2.576%	$458K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008781	−2.531%	$80K	$242K	50x	as long as short
SunX PENGU-USDTlong	+0.0100%	4h	0.009009	long leg	$3K	$2.0M	10x
SoDEX PENGU-USD	+0.0100%	1h	0.008802	−2.298%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008812	−2.187%	$92K	$354K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008802	−2.300%	$185K	$945K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008797	−2.353%	$203K	—	3x	as long as short
dYdX PENGU-USD	+0.0228%	1h	0.008800	−2.317%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008800	−2.321%	$297	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008803	−2.287%	$1.5M	$3.4M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0557% / S −0.0662%	1h	0.008804	−2.276%	$132K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0646%	1h	0.008810	−2.207%	$354K	$2.3M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2296%	1h	0.008967	−0.466%	$95K	$94K	50x	as long as short