PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0040%/8h= −4.4% APRnext payment −$0.05 per $10,000 · paid last 24h +0.028%

Price spread now: Kraken Futures against Aevo+0.049%7-day average +0.118% · you sell dearer than you buy

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$127as in the Price arb table

costs, in and out, $10k−$1211.207% of the position

Long on Aevo Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.106%+$11 on $10k

Price spread, last 4 days (all we have)+0.142%+$14 · spread now +0.049%, 7d avg +0.118%

Together, before fees+0.248%+$25 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Kraken Futures is 0.068% cheaper against Aevo than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.118%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.106%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo PENGU-PERP	0.009055	0.0104	pay 0.0013% / 1h	49m 23s	$209K	—	3x
Short	Kraken Futures PF_PENGUUSD	0.009059	0.0064	get 0.0008% / 1h	49m 23s	$332K	$2.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.049%Rate

Funding earned: −$8.45
Price spread: +0.049% → +0.118%: −$6.82
Slippage, 4 orders: −$94.67
Fee Aevo: 8 bp × 2 orders: −$16
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$135.94
Costs to cover: 1.207%
Break-even: never at this rate

Slippage from Aevo: live order book, 62 min ago; Kraken Futures: live order book, 2 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, 62 min ago	16.44 bp	53.9 bp −$54	292.3 bp −$2,923	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	3.31 bp	16.1 bp −$16	27.1 bp −$271	doesn't fit	doesn't fit

PENGU on 34 exchanges

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
dYdX PENGU-USD	0.0000%	1h	0.009053	−0.017%	$20K	$21K	5x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.009056	+0.011%	$1K	$27K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.009067	+0.132%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−2.938%	$3K	$117K	5.5x	as long as short
Kraken Futures PF_PENGUUSDshort	+0.0064%	1h	0.009059	+0.049%	$332K	$2.6M	50x
Lighter PENGU	+0.0096%	1h	0.009053	−0.022%	$324K	$699K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009055	0.000%	$650K	$1.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009060	+0.055%	$135K	$772K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009048	−0.077%	$137K	$225K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009057	+0.019%	$39.9M	$192.6M	75x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit PENGUUSDT	+0.0100%	4h	0.009051	−0.044%	$24.6M	$46.5M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009053	−0.022%	$8.4M	$56.3M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009050	−0.055%	$18K	$26K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.009052	−0.033%	$3.7M	$17.9M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009058	+0.033%	$12.2M	$12.3M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009054	−0.011%	$5.1M	$10.5M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009061	+0.066%	$8.7M	$14.3M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.009055	0.000%	—	$3.6M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009051	−0.044%	$302K	$366K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009040	−0.164%	$912K	$1.2M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009070	+0.166%	$474K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009053	−0.022%	$82K	$247K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009057	+0.022%	$23K	$357K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009270	+2.374%	$3K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009055	0.000%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009070	+0.166%	$93K	$368K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009046	−0.105%	$185K	$740K	10x	as long as short
Aevo PENGU-PERPlong	+0.0104%	1h	0.009055	long leg	$209K	—	3x
Hyperliquid PENGU	+0.0148%	1h	0.009066	+0.121%	$9.8M	$17.0M	5x	as long as short
Reya PENGURUSDPERP	+0.0241%	1h	0.009048	−0.078%	$306	—	10x	as long as short
01 Exchange PENGUUSD	+0.0272%	1h	0.009057	+0.022%	$207	$141	5x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009052	−0.033%	$1.6M	$5.3M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0433% / S −0.0357%	1h	0.009062	+0.077%	$105K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2136%	1h	0.009222	+1.844%	$84K	$95K	50x	as long as short