PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0257%/8h= +28.2% APRnext payment +$1.29 per $10,000 · paid last 24h +0.020%

Price spread now: HTX against Variational Omni+0.628%7-day average +0.325% · you sell dearer than you buy

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

Long on Variational Omni Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.045%+$4 on $10k

Price spread, last 3 days (all we have)−0.292%−$29 · spread now +0.628%, 7d avg +0.325%

Together, before fees−0.248%+ Points / potential airdropVariational Omni: Active · farm board−$25 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and HTX is 0.303% dearer against Variational Omni than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of +0.325%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.045% in total (about 4.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.29 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni PENGU	0.008900	−0.0157	get 0.0079% / 4h	3h 15m	$913K	$970K	—
Short	HTX PENGU-USDT	0.008956	0.0100	get 0.0050% / 4h	3h 15m	$92K	$300K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Variational Omni. 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 Variational OmnibpFee HTXbpOrdersPrice spread, now +0.628%Rate

Funding earned: $54.01
Price spread: +0.628% → +0.325%: $30.33
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: $72.34
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 59 min ago; HTX: live order book, 56 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 Variational Omni RFQ quote, 59 min ago	4.01 bp	doesn't fit	21.2 bp −$212	doesn't fit	doesn't fit
Sell HTX live order book, 56 min ago	9.74 bp	155.5 bp −$155	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
Kraken Futures PF_PENGUUSD	−0.0386%	1h	0.008960	+0.677%	$373K	$2.3M	50x	as long as short
Gate PENGU_USDT	−0.0310%	4h	0.008951	+0.572%	$3.5M	$15.8M	75x	as long as short
01 Exchange PENGUUSD	−0.0200%	1h	0.008941	+0.459%	$205	$59	5x	as long as short
Variational Omni PENGUlong	−0.0157%	4h	0.008900	long leg	$913K	$970K	—
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008954	+0.605%	$19K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008951	+0.573%	$34K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−1.249%	$3K	$117K	5.5x	as long as short
dYdX PENGU-USD	+0.0086%	1h	0.008941	+0.454%	$12K	$4K	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008948	+0.538%	$311K	$730K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008952	+0.583%	$24K	$175K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado PENGU-PERP	+0.0100%	1h	0.008952	+0.589%	$709K	$766K	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008952	+0.583%	$8.4M	$15.3M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008951	+0.567%	$192K	$465K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008945	+0.504%	$154K	$240K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008954	+0.609%	$37.6M	$155.6M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008946	+0.515%	$23.5M	$37.4M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008946	+0.515%	$7.7M	$48.2M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008950	+0.560%	$20K	$25K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008955	+0.617%	$13.2M	$12.9M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008953	+0.594%	$4.8M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008955	+0.617%	$8.5M	$12.7M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008939	+0.437%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008938	+0.426%	$307K	$323K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008880	−0.230%	$475K	$2.0M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008869	−0.350%	$81K	$250K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009161	+2.931%	$2K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008948	+0.538%	$1K	$5K	5x	as long as short
HTX PENGU-USDTshort	+0.0100%	4h	0.008956	+0.628%	$92K	$300K	25x
Extended PENGU-USD	+0.0104%	1h	0.008947	+0.527%	$184K	$935K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008944	+0.493%	$207K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008952	+0.581%	$302	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008882	−0.204%	$1.5M	$2.9M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0522% / S −0.0723%	1h	0.008953	+0.594%	$118K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1648%	1h	0.009008	+1.212%	$96K	$104K	50x	as long as short