PENGU

Alert

Funding spread now, next payment 16:00 UTC+0.0235%/8h

next payment, per $10,000+$0.29paid, last 24h+0.031%paid, last 3 days−0.062%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.062% in total (about -7.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.29 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack PENGU_USDC_PERP	0.008659	−0.0135	get 0.0017% / 1h	15m 21s	$303K	$282K	10x
Short	Arcus PENGU-USD	0.008690	0.0100	get 0.0013% / 1h	15m 21s	$4K	$9K	5x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee ArcusbpOrdersRate

Funding earned: $49.44
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $34.94
Break-even: 2.1 days

Slippage unknown: Backpack: live order book, 35 min ago; Arcus: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.358%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Backpack live order book, 35 min ago	0.57 bp	7.5 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Arcus no order-book sample	—	—	—	—	—

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 33 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Backpack PENGU_USDC_PERPlong	−0.0135%	1h	$303K	$282K	10x
01 Exchange PENGUUSD	−0.0080%	1h	$167	$28	5x	as long as short
dYdX PENGU-USD	0.0000%	1h	$10K	$1K	5x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	$22K	$4K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	$3K	$116K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	$302K	$450K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0098%	4h	$21K	$179K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	$224K	$312K	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	$8.4M	$6.7M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster PENGUUSDT	+0.0100%	4h	$175K	$326K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	$204K	$125K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	$37.2M	$111.3M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	$21.9M	$22.5M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	$7.6M	$36.3M	50x	as long as short
Arcus PENGU-USDshort	+0.0100%	1h	$4K	$9K	5x
Gate PENGU_USDT	+0.0100%	4h	$3.8M	$9.9M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	$13.8M	$10.0M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	$5.0M	$6.7M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	$8.7M	$8.3M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	—	$2.3M	—	as long as short
Variational Omni PENGU	+0.0100%	4h	$677K	$335K	—	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	$75K	$250K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	$3K	$1.9M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	$989	$14K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	$96K	$182K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	$192K	$665K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	$201K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0235%	1h	$293	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	$1.5M	$928K	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0478% / S −0.0525%	1h	$110K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0524%	1h	$364K	$813K	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2520%	1h	$93K	$135K	50x	as long as short