PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%

Price spread now: Lighter against Arcus+0.057%7-day average — · you sell dearer than you buy

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

Long on Arcus Short on Lighter

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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.057% dearer against Arcus than usual: you sell high and buy low, +$6 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus PENGU-USD	0.008800	0.0100	pay 0.0013% / 1h	20m 26s	$19K	$24K	5x
Short	Lighter PENGU	0.008805	0.0096	get 0.0012% / 1h	20m 26s	$313K	$719K	8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.057%Rate

Funding earned: −$0.84
Price spread: +0.057% → 0.000%: $5.68
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Lighter: 0 bp × 2 orders: $0
Net: $0.34
Costs to cover: 0.045%
Break-even: from the start

Slippage unknown: Arcus: no order-book sample; Lighter: live order book, 34 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 Lighter live order book, 34 min ago	4.57 bp	9.4 bp −$9	81.1 bp −$811	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 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
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008811	+0.125%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008798	−0.026%	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.125%	$3K	$117K	5.5x	as long as short
Gate PENGU_USDT	+0.0080%	4h	0.008795	−0.057%	$3.3M	$15.7M	75x	as long as short
Lighter PENGUshort	+0.0096%	1h	0.008805	+0.057%	$313K	$719K	8x
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008796	−0.045%	$23K	$116K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008794	−0.063%	$590K	$1.0M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008800	0.000%	$8.2M	$14.7M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008803	+0.032%	$118K	$589K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008802	+0.023%	$155K	$241K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PENGUUSDT	+0.0100%	4h	0.008798	−0.023%	$36.8M	$163.2M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008793	−0.080%	$23.3M	$39.5M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008792	−0.091%	$7.4M	$47.3M	50x	as long as short
Arcus PENGU-USDlong	+0.0100%	1h	0.008800	long leg	$19K	$24K	5x
MEXC PENGU_USDT	+0.0100%	4h	0.008796	−0.045%	$10.8M	$12.4M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008799	−0.011%	$4.9M	$9.2M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008796	−0.045%	$8.3M	$12.3M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008795	−0.057%	—	$3.5M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008801	+0.011%	$292K	$314K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008803	+0.033%	$914K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008819	+0.214%	$460K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008843	+0.489%	$80K	$242K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009019	+2.489%	$3K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008811	+0.125%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008832	+0.364%	$92K	$372K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008798	−0.026%	$185K	$941K	10x	as long as short
01 Exchange PENGUUSD	+0.0104%	1h	0.008800	0.000%	$201	$64	5x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008789	−0.125%	$203K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008792	−0.092%	$297	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008815	+0.170%	$1.5M	$3.7M	75x	as long as short
Kraken Futures PF_PENGUUSD	+0.0363%	1h	0.008819	+0.213%	$345K	$2.3M	50x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0498% / S −0.0492%	1h	0.008799	−0.011%	$119K	—	100x	as long as short
dYdX PENGU-USD	+0.0498%	1h	0.008804	+0.048%	$12K	$5K	5x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2928%	1h	0.008950	+1.705%	$96K	$62K	50x	as long as short