PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0567%/8h= −62.1% APRnext payment −$0.71 per $10,000 · paid last 24h +0.006%

Price spread now: Kraken Futures against 01 Exchange+0.124%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange 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 0.124% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.124% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$17 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	01 Exchange PENGUUSD	0.008667	0.0016	pay 0.0002% / 1h	31m 18s	$198	$59	5x
Short	Kraken Futures PF_PENGUUSD	0.008678	−0.0551	pay 0.0069% / 1h	31m 18s	$385K	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against 01 Exchange. 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 01 ExchangebpFee Kraken FuturesbpOrdersPrice spread, now +0.124%Rate

Funding earned: −$119.12
Price spread: +0.124% → 0.000%: $12.36
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$123.77
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Kraken Futures: live order book, 2 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 2 min ago	9.23 bp	27.7 bp −$28	60.8 bp −$608	doesn't fit	doesn't fit

01 Exchange: 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	−0.0551%	1h	0.008678	+0.124%	$385K	$2.1M	50x
Gate PENGU_USDT	−0.0354%	4h	0.008668	+0.012%	$3.4M	$15.4M	75x	as long as short
Bybit PENGUUSDT	−0.0156%	4h	0.008662	−0.058%	$22.4M	$35.9M	75x	as long as short
Injective PENGU/USDC PERP	−0.0110%	1h	0.008715	+0.554%	$3K	$81K	5.5x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0096%	1h	0.008674	+0.081%	$19K	$9K	10x	as long as short
Backpack PENGU_USDC_PERP	−0.0072%	1h	0.008661	−0.069%	$309K	$315K	10x	as long as short
dYdX PENGU-USD	0.0000%	1h	0.008666	−0.007%	$11K	$4K	5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008674	+0.078%	$33K	—	150x	as long as short
01 Exchange PENGUUSDlong	+0.0016%	1h	0.008667	long leg	$198	$59	5x
Lighter PENGU	+0.0096%	1h	0.008666	−0.012%	$295K	$720K	8x	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	0.008672	+0.055%	$673K	$758K	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008679	+0.138%	$8.7M	$15.2M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008669	+0.024%	$171K	$448K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008665	−0.023%	$142K	$232K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008672	+0.053%	$35.8M	$151.0M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008669	+0.023%	$7.7M	$46.3M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008670	+0.035%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008674	+0.081%	$12.9M	$12.7M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008667	0.000%	$4.7M	$8.7M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008675	+0.092%	$8.2M	$12.5M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008668	+0.012%	—	$3.9M	—	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008647	−0.228%	$794K	$713K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008672	+0.056%	$454K	$2.4M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008664	−0.035%	$79K	$253K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008675	+0.092%	$21K	$184K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008877	+2.423%	$2K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008671	+0.046%	$985	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008685	+0.208%	$91K	$249K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008668	+0.017%	$177K	$681K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008670	+0.035%	$200K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0237%	1h	0.008670	+0.038%	$293	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008664	−0.035%	$1.5M	$2.6M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0489% / S −0.0675%	1h	0.008673	+0.069%	$108K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2992%	1h	0.008785	+1.361%	$92K	$96K	50x	as long as short