PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0099%/8h= +10.8% APRnext payment +$0.49 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Variational Omni+0.417%7-day average +0.052% · you sell dearer than you buy

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

Long on Variational Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.015%+$1 on $10k

Price spread, last 3 days (all we have)−0.559%−$56 · spread now +0.417%, 7d avg +0.052%

Together, before fees−0.544%+ Points / potential airdropVariational Omni: Active · farm board−$54 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.366% dearer against Variational Omni than usual: you sell high and buy low: +$37 more if the spread goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni PENGU	0.008766	0.0001	pay 0.0001% / 4h	1h 22m	$801K	$802K	—
Short	KuCoin PENGUUSDTM	0.008803	0.0100	get 0.0050% / 4h	1h 22m	$4.8M	$8.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.417%Rate

Funding earned: $20.76
Price spread: +0.417% → +0.052%: $36.56
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $45.32
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 62 min ago; KuCoin: live order book, 1 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, 62 min ago	4.03 bp	doesn't fit	29.3 bp −$293	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	1.14 bp	19.2 bp −$19	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
Kraken Futures PF_PENGUUSD	−0.0605%	1h	0.008813	+0.534%	$370K	$2.2M	50x	as long as short
Gate PENGU_USDT	−0.0292%	4h	0.008797	+0.349%	$3.4M	$15.6M	75x	as long as short
Bybit PENGUUSDT	−0.0145%	4h	0.008797	+0.349%	$22.9M	$36.5M	75x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0091%	1h	0.008805	+0.440%	$19K	$9K	10x	as long as short
01 Exchange PENGUUSD	−0.0080%	1h	0.008804	+0.429%	$201	$59	5x	as long as short
Variational Omni PENGUlong	+0.0001%	4h	0.008766	long leg	$801K	$802K	—
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008806	+0.451%	$34K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.258%	$3K	$117K	5.5x	as long as short
Nado PENGU-PERP	+0.0095%	1h	0.008797	+0.346%	$685K	$759K	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008805	+0.440%	$309K	$736K	8x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid PENGU	+0.0100%	1h	0.008802	+0.406%	$8.7M	$15.0M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008805	+0.443%	$190K	$466K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008796	+0.338%	$151K	$238K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008803	+0.417%	$36.6M	$152.9M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008803	+0.417%	$7.7M	$47.3M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008800	+0.383%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008803	+0.417%	$12.7M	$12.8M	125x	as long as short
KuCoin PENGUUSDTMshort	+0.0100%	4h	0.008803	+0.417%	$4.8M	$8.9M	75x
Bitget PENGUUSDT	+0.0100%	4h	0.008805	+0.440%	$8.4M	$12.6M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008789	+0.258%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008790	+0.269%	$314K	$309K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008788	+0.252%	$460K	$2.3M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008792	+0.292%	$80K	$253K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008804	+0.429%	$23K	$186K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009009	+2.767%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008803	+0.417%	$999	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008807	+0.463%	$92K	$249K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008800	+0.381%	$181K	$682K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008800	+0.383%	$203K	$17K	3x	as long as short
dYdX PENGU-USD	+0.0135%	1h	0.008798	+0.365%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERP	+0.0237%	1h	0.008797	+0.344%	$297	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008786	+0.224%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0511% / S −0.0711%	1h	0.008805	+0.440%	$115K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2504%	1h	0.008945	+2.037%	$95K	$105K	50x	as long as short