PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.2400%/8h= +262.8% APRnext payment +$3.00 per $10,000 · paid last 24h +0.566%

Price spread now: Coinbase International against Aevo+1.763%7-day average +0.777% · you sell dearer than you buy

Net, funding: paid 7d − costs+$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$1361.357% of the position

Long on Aevo Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+1.683%+$168 on $10k

Price spread, last 3 days (all we have)−1.497%−$150 · spread now +1.763%, 7d avg +0.777%

Together, before fees+0.186%+$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$72 a day on $10k at the current rate, and Coinbase International is 0.987% dearer against Aevo than usual: you sell high and buy low: +$99 more if the spread goes back to its 7-day average of +0.777%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo PENGU-PERP	0.008790	0.0104	pay 0.0013% / 1h	17m 45s	$203K	$17K	3x
Short	Coinbase International PENGU-PERP-INTX	0.008945	0.2504	get 0.0313% / 1h	17m 45s	$95K	$105K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Aevo. 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 AevobpFee Coinbase InternationalbpOrdersPrice spread, now +1.763%Rate

Funding earned: $504
Price spread: +1.763% → +0.777%: $98.68
Slippage, 4 orders: −$109.68
Fee Aevo: 8 bp × 2 orders: −$16
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $467
Costs to cover: 1.357%
Break-even: 0.5 days

Slippage from Aevo: live order book, 1 min ago; Coinbase International: live order book, 31 min ago.

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 Aevo live order book, 1 min ago	17.08 bp	44.6 bp −$45	257.2 bp −$2,572	doesn't fit	doesn't fit
Sell Coinbase International live order book, 31 min ago	19.92 bp	24.9 bp −$25	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	−0.0606%	1h	0.008800	+0.111%	$368K	$2.2M	50x	as long as short
Gate PENGU_USDT	−0.0290%	4h	0.008790	0.000%	$3.4M	$15.6M	75x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0205%	1h	0.008793	+0.034%	$19K	$9K	10x	as long as short
Bybit PENGUUSDT	−0.0157%	4h	0.008781	−0.102%	$22.9M	$36.5M	75x	as long as short
01 Exchange PENGUUSD	−0.0080%	1h	0.008781	−0.102%	$201	$59	5x	as long as short
Variational Omni PENGU	−0.0017%	4h	0.008789	−0.007%	$803K	$802K	—	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008796	+0.073%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.011%	$3K	$117K	5.5x	as long as short
Nado PENGU-PERP	+0.0090%	1h	0.008788	−0.023%	$684K	$759K	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008790	0.000%	$308K	$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	0.008794	+0.046%	$8.7M	$15.0M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008797	+0.085%	$189K	$466K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008789	−0.011%	$152K	$239K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008786	−0.046%	$36.5M	$153.1M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008787	−0.034%	$7.7M	$47.2M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008790	0.000%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008786	−0.046%	$12.7M	$12.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008794	+0.046%	$4.8M	$8.9M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008793	+0.034%	$8.4M	$12.6M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008789	−0.011%	—	$3.9M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008787	−0.034%	$313K	$309K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008792	+0.021%	$460K	$2.3M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008803	+0.148%	$80K	$253K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008794	+0.046%	$23K	$186K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009003	+2.423%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008790	0.000%	$996	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008816	+0.296%	$92K	$249K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008786	−0.048%	$181K	$682K	10x	as long as short
Aevo PENGU-PERPlong	+0.0104%	1h	0.008790	long leg	$203K	$17K	3x
dYdX PENGU-USD	+0.0125%	1h	0.008791	+0.014%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERP	+0.0237%	1h	0.008789	−0.011%	$297	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008784	−0.068%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0510% / S −0.0711%	1h	0.008797	+0.080%	$115K	—	100x	as long as short
Coinbase International PENGU-PERP-INTXshort	+0.2504%	1h	0.008945	+1.763%	$95K	$105K	50x