PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0035%/8h= −3.8% APRnext payment −$0.04 per $10,000 · paid last 24h +0.030%

Price spread now: Kraken Futures against Arcus−0.035%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 Kraken Futures

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 Kraken Futures is 0.035% cheaper against Arcus than usual: you would sell low and buy high (−$4 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	0.008900	0.0100	pay 0.0013% / 1h	6m 25s	$18K	$25K	5x
Short	Kraken Futures PF_PENGUUSD	0.008897	0.0065	get 0.0008% / 1h	6m 25s	$339K	$2.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.035%Rate

Funding earned: −$7.37
Price spread: −0.035% → 0.000%: −$3.53
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$25.39
Costs to cover: 0.145%
Break-even: never at this rate

Slippage unknown: Arcus: no order-book sample; Kraken Futures: live order book, 5 min ago. 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 Kraken Futures live order book, 5 min ago	4.50 bp	19.3 bp −$19	38.6 bp −$386	doesn't fit	doesn't fit

Arcus: 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 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	0.008887	−0.144%	$19K	$21K	5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008890	−0.110%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−1.247%	$3K	$117K	5.5x	as long as short
Kraken Futures PF_PENGUUSDshort	+0.0065%	1h	0.008897	−0.035%	$339K	$2.7M	50x
01 Exchange PENGUUSD	+0.0088%	1h	0.008899	−0.011%	$204	$141	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008894	−0.067%	$316K	$724K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008894	−0.065%	$615K	$1.1M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008903	+0.034%	$8.5M	$17.8M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008899	−0.008%	$108K	$830K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008890	−0.112%	$133K	$221K	5x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PENGUUSDT	+0.0100%	4h	0.008895	−0.054%	$38.2M	$197.7M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008892	−0.090%	$23.9M	$47.9M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008892	−0.090%	$8.4M	$56.3M	50x	as long as short
Arcus PENGU-USDlong	+0.0100%	1h	0.008900	long leg	$18K	$25K	5x
Gate PENGU_USDT	+0.0100%	4h	0.008891	−0.101%	$3.6M	$18.4M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008897	−0.034%	$12.1M	$12.9M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008898	−0.022%	$5.3M	$10.7M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008900	0.000%	$8.5M	$14.0M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008895	−0.056%	—	$3.5M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008890	−0.112%	$297K	$402K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008859	−0.458%	$878K	$1.2M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008897	−0.029%	$467K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008898	−0.022%	$81K	$247K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008893	−0.079%	$23K	$357K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009108	+2.337%	$3K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008890	−0.112%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008905	+0.056%	$92K	$350K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008887	−0.150%	$179K	$746K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008893	−0.079%	$205K	—	3x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0200%	1h	0.008897	−0.034%	$1K	$27K	10x	as long as short
Reya PENGURUSDPERP	+0.0241%	1h	0.008893	−0.075%	$300	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008901	+0.011%	$1.6M	$5.6M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0431% / S −0.0359%	1h	0.008893	−0.079%	$103K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2136%	1h	0.008982	+0.921%	$82K	$89K	50x	as long as short