PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0021%/8h= −2.3% APRnext payment −$0.03 per $10,000 · paid last 24h −0.044%

Price spread now: Deribit against Arcus−0.175%7-day average — · you buy dearer than you sell

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

Long on Arcus Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Deribit is 0.175% cheaper against Arcus than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus PENGU-USD	0.009150	0.0100	pay 0.0013% / 1h	21m 11s	$18K	$25K	5x
Short	Deribit PENGU_USDC-PERPETUAL	0.009134	0.0079	get 0.0010% / 1h	21m 11s	$1K	$29K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Arcus. 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 ArcusbpFee DeribitbpOrdersPrice spread, now −0.175%Rate

Funding earned: −$4.41
Price spread: −0.175% → 0.000%: −$17.49
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$33.4
Costs to cover: 0.115%
Break-even: never at this rate

Slippage unknown: Arcus: no order-book sample; Deribit: 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 Arcus no order-book sample	—	—	—	—	—
Sell Deribit no order-book sample	—	—	—	—	—

Arcus and Deribit: 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
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.009126	−0.260%	$34K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−3.945%	$3K	$117K	5.5x	as long as short
Deribit PENGU_USDC-PERPETUALshort	+0.0079%	1h	0.009134	−0.175%	$1K	$29K	10x
Lighter PENGU	+0.0096%	1h	0.009142	−0.087%	$330K	$773K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009134	−0.175%	$643K	$1.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009143	−0.076%	$146K	$718K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009156	+0.066%	$138K	$267K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009134	−0.171%	$40.2M	$193.8M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009120	−0.328%	$24.5M	$45.6M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009128	−0.240%	$8.2M	$56.9M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus PENGU-USDlong	+0.0100%	1h	0.009150	long leg	$18K	$25K	5x
Gate PENGU_USDT	+0.0100%	4h	0.009128	−0.240%	$3.7M	$18.0M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009136	−0.153%	$11.3M	$13.1M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009146	−0.044%	$5.1M	$10.3M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009134	−0.175%	$9.0M	$14.5M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.009129	−0.230%	—	$3.8M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009152	+0.022%	$317K	$382K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009119	−0.341%	$932K	$1.1M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009117	−0.361%	$478K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009182	+0.350%	$80K	$252K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009132	−0.197%	$23K	$291K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009355	+2.240%	$3K	$2.2M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009132	−0.197%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009172	+0.240%	$95K	$414K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009130	−0.220%	$188K	$744K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009128	−0.240%	$211K	—	3x	as long as short
Hyperliquid PENGU	+0.0170%	1h	0.009144	−0.066%	$9.3M	$16.6M	5x	as long as short
Reya PENGURUSDPERP	+0.0240%	1h	0.009127	−0.255%	$308	—	10x	as long as short
01 Exchange PENGUUSD	+0.0328%	1h	0.009153	+0.033%	$209	$41	5x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009141	−0.098%	$1.6M	$5.0M	75x	as long as short
dYdX PENGU-USD	+0.0389%	1h	0.009153	+0.036%	$12K	$6K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0435% / S −0.0352%	1h	0.009133	−0.186%	$105K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0534%	1h	0.009138	−0.130%	$353K	$2.6M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1928%	1h	0.009196	+0.503%	$81K	$74K	50x	as long as short