Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.5% APRpaid last 24h −0.002%
Price spread now: Orderly against Aevo+0.057%7-day average +0.012% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.025%−$3 on $10k
+Price spread, last 3 days (all we have)−0.003%$0 · spread now +0.057%, 7d avg +0.012%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.044% dearer against Aevo than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.012%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo PENGU-PERP | 0.008801 | 0.0104 | pay 0.0013% / 1h | 55m 36s | $203K | — | 3x |
| Short | Orderly PERP_PENGU_USDC | 0.008806 | 0.0100 | get 0.0050% / 4h | 3h 55m | $23K | $186K | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Aevo. 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
- −$0.92
- Price spread: +0.057% → +0.012%
- $4.44
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$18.48
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Aevo: live order book, 18 min ago; Orderly: 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 Aevo live order book, 18 min ago | 28.62 bp | 45.5 bp −$46 | 253.0 bp −$2,530 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate PENGU_USDT | −0.0514% | 4h | 0.008786 | −0.170% | $3.4M | $15.4M | 75x | as long as short |
| Bybit PENGUUSDT | −0.0504% | 4h | 0.008778 | −0.261% | $22.9M | $37.1M | 75x | as long as short |
| Kraken Futures PF_PENGUUSD | −0.0392% | 1h | 0.008818 | +0.188% | $368K | $2.3M | 50x | as long as short |
| Variational Omni PENGU | −0.0281% | 4h | 0.008802 | +0.015% | $869K | $929K | — | as long as short |
| 01 Exchange PENGUUSD | −0.0104% | 1h | 0.008777 | −0.273% | $201 | $59 | 5x | as long as short |
| Deribit PENGU_USDC-PERPETUAL | 0.0000% | 1h | 0.008805 | +0.045% | $18K | $10K | 10x | as long as short |
| gTrade (Gains Network) PENGU/USD | L +0.0007% / S −0.0003% | 1h | 0.008805 | +0.048% | $33K | — | 150x | as long as short |
| Injective PENGU/USDC PERP | +0.0033% | 1h | 0.008789 | −0.136% | $3K | $117K | 5.5x | as long as short |
| dYdX PENGU-USD | +0.0089% | 1h | 0.008794 | −0.076% | $12K | $4K | 5x | as long as short |
| Lighter PENGU | +0.0096% | 1h | 0.008798 | −0.034% | $308K | $727K | 8x | as long as short |
Show all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_PENGU_USDCshort | +0.0100% | 4h | 0.008806 | +0.057% | $23K | $186K | 20x | |
| Nado PENGU-PERP | +0.0100% | 1h | 0.008786 | −0.165% | $698K | $778K | 5x | as long as short |
| Hyperliquid PENGU | +0.0100% | 1h | 0.008802 | +0.011% | $8.4M | $15.3M | 5x | as long as short |
| Aster PENGUUSDT | +0.0100% | 4h | 0.008795 | −0.065% | $188K | $474K | 20x | as long as short |
| Pacifica PENGU | +0.0100% | 1h | 0.008793 | −0.091% | $152K | $239K | 5x | as long as short |
| Binance PENGUUSDT | +0.0100% | 4h | 0.008784 | −0.192% | $36.5M | $155.1M | 75x | as long as short |
| OKX PENGU-USDT-SWAP | +0.0100% | 4h | 0.008781 | −0.227% | $7.6M | $47.2M | 50x | as long as short |
| Arcus PENGU-USD | +0.0100% | 1h | 0.008780 | −0.239% | $19K | $24K | 5x | as long as short |
| MEXC PENGU_USDT | +0.0100% | 4h | 0.008789 | −0.136% | $12.4M | $12.6M | 125x | as long as short |
| KuCoin PENGUUSDTM | +0.0100% | 4h | 0.008796 | −0.057% | $4.7M | $9.0M | 75x | as long as short |
| Bitget PENGUUSDT | +0.0100% | 4h | 0.008781 | −0.227% | $8.3M | $12.7M | 75x | as long as short |
| BingX PENGU-USDC | +0.0100% | 4h | 0.008794 | −0.080% | — | $2.3M | — | as long as short |
| Backpack PENGU_USDC_PERP | +0.0100% | 1h | 0.008805 | +0.045% | $309K | $316K | 10x | as long as short |
| GRVT PENGU_USDT_Perp | +0.0100% | 4h | 0.008805 | +0.045% | $461K | $2.1M | 10x | as long as short |
| ApeX Omni PENGUUSDT | +0.0100% | 1h | 0.008799 | −0.023% | $80K | $254K | 50x | as long as short |
| SunX PENGU-USDT | +0.0100% | 4h | 0.009011 | +2.386% | $3K | $2.1M | 10x | as long as short |
| SoDEX PENGU-USD | +0.0100% | 1h | 0.008806 | +0.057% | $1K | $5K | 5x | as long as short |
| HTX PENGU-USDT | +0.0100% | 4h | 0.008820 | +0.216% | $90K | $300K | 25x | as long as short |
| Extended PENGU-USD | +0.0104% | 1h | 0.008781 | −0.223% | $181K | $617K | 10x | as long as short |
| Aevo PENGU-PERPlong | +0.0104% | 1h | 0.008801 | long leg | $203K | — | 3x | |
| Reya PENGURUSDPERP | +0.0238% | 1h | 0.008776 | −0.279% | $296 | — | 10x | as long as short |
| BloFin PENGU-USDT | +0.0340% | 4h | 0.008797 | −0.045% | $1.5M | $2.8M | 75x | as long as short |
| GMX PENGU/USD [WBTC.b-USDC] | L +0.0498% / S −0.0683% | 1h | 0.008801 | 0.000% | $111K | — | 100x | as long as short |
| Coinbase International PENGU-PERP-INTX | +0.1648% | 1h | 0.008799 | −0.023% | $94K | $103K | 50x | as long as short |
Gate PENGU_USDT
Bybit PENGUUSDT
Kraken Futures PF_PENGUUSD
Variational Omni PENGU
01 Exchange PENGUUSD
Deribit PENGU_USDC-PERPETUAL
gTrade (Gains Network) PENGU/USD
Injective PENGU/USDC PERP
Lighter PENGU
Hyperliquid PENGU
Aster PENGUUSDT
Pacifica PENGU
Binance PENGUUSDT
OKX PENGU-USDT-SWAP
MEXC PENGU_USDT
KuCoin PENGUUSDTM
Bitget PENGUUSDT
BingX PENGU-USDC
Backpack PENGU_USDC_PERP
GRVT PENGU_USDT_Perp
ApeX Omni PENGUUSDT
SunX PENGU-USDT
SoDEX PENGU-USD
HTX PENGU-USDT
Extended PENGU-USD
BloFin PENGU-USDT
GMX PENGU/USD [WBTC.b-USDC]
Coinbase International PENGU-PERP-INTX