Funding you earn now, next payment 08:00 UTC−0.0237%/8h= −26.0% APRnext payment −$2.37 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Binance+0.182%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.040%−$4 on $10k
+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. Bitget is 0.182% dearer against Binance than usual: you sell high and buy low (spread +0.182% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.6 days. At the pace of the last 7 days (−0.040% in total) that is about 32 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.040% in total (about -2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.37 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 | Binance PENGUSDT | 54.930 | 0 | get 0.0000% / 8h | 2h 37m | $135K | $487K | 10x |
| Short | Bitget PENGUSDT | 55.030 | −0.0237 | pay 0.0237% / 8h | 2h 37m | $56K | $31K | 20x |
Binance PENGUSDT
Bitget PENGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$49.77
- Price spread: +0.182% → 0.000%
- $18.2
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$53.57
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 70 min ago; Bitget: no order-book sample. 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 Binance live order book, 70 min ago | 5.39 bp | 43.3 bp −$43 | 142.1 bp −$1,421 | doesn't fit | doesn't fit |
| Sell Bitget no order-book sample | — | — | — | — | — |
Bitget: 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.
PENG on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget PENGUSDTshort | −0.0237% | 8h | 55.030 | +0.182% | $56K | $31K | 20x | |
| QFEX PENG-USD | 0.0000% | 1h | 54.590 | −0.619% | $1.2M | $776K | 10x | as long as short |
| Binance PENGUSDTlong | 0.0000% | 8h | 54.930 | long leg | $135K | $487K | 10x | |
| OKX PENG-USDT-SWAP | 0.0000% | 8h | 54.970 | +0.073% | $91K | $91K | 20x | as long as short |
| Gate PENG_USDT | 0.0000% | 8h | 54.900 | −0.055% | $29K | $9K | 20x | as long as short |
| HTX PENG-USDT | 0.0000% | 8h | 54.920 | −0.018% | $6K | $281K | 10x | as long as short |
| Vest PENG-USD-PERP | +0.0046% | 1h | 54.780 | −0.273% | — | — | 10x | as long as short |
| Nado PENG-PERP | +0.0100% | 1h | 54.954 | +0.044% | $29K | $3K | 5x | as long as short |
| edgeX PENGUSDC | +0.0756% | 4h | 54.866 | −0.117% | $18K | $261K | 10x | as long as short |
QFEX PENG-USD
OKX PENG-USDT-SWAP
Gate PENG_USDT
HTX PENG-USDT
Vest PENG-USD-PERP
Nado PENG-PERP
edgeX PENGUSDC