PENGU

Alert

Funding spread now, next payment 14:00 UTC+0.0257%/8h

next payment, per $10,000+$0.32paid, last 24h+0.042%paid, last 7 days−0.046%to open and close $10k−$32

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.046% in total (about -2.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.32 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	0.008282	0.0100	pay 0.0013% / 1h	0m 36s	$285K	$256K	10x
Short	Hyperliquid PENGU	0.008298	0.0357	get 0.0045% / 1h	0m 36s	$8.4M	$5.7M	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 HyperliquidbpOrdersRate

Funding earned: $54.05
Slippage, 4 orders: −$13.24
Fee Backpack: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $21.8
Break-even: 4.2 days

Slippage from Backpack: live order book, 59 min ago; Hyperliquid: live order book, 3 min ago.

Price risk

price view

Price gap now: +0.193%
Avg gap 7d: +0.056%

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, 59 min ago	0.60 bp	6.9 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 3 min ago	1.20 bp	8.6 bp −$9	doesn't fit	doesn't fit	doesn't fit

PENGU on 33 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit PENGU_USDC-PERPETUAL	−0.0233%	1h	$21K	$4K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	$3K	$153K	5.5x	as long as short
01 Exchange PENGUUSD	+0.0056%	1h	$160	$28	5x	as long as short
Orderly PERP_PENGU_USDC	+0.0096%	4h	$16K	$174K	20x	as long as short
Lighter PENGU	+0.0096%	1h	$326K	$373K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	$207K	$261K	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	$168K	$305K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	$193K	$121K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	$35.0M	$93.7M	75x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit PENGUUSDT	+0.0100%	4h	$20.3M	$19.8M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	$6.9M	$30.2M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	$4K	$31K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	$3.4M	$7.0M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	$11.8M	$8.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	$4.9M	$6.2M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	$8.2M	$7.3M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERPlong	+0.0100%	1h	$285K	$256K	10x
Variational Omni PENGU	+0.0100%	4h	$667K	$284K	—	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	$71K	$251K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	$2K	$1.6M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	$923	$14K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	$93K	$197K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	$159K	$635K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	$191K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0234%	1h	$280	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	$1.4M	$761K	75x	as long as short
Hyperliquid PENGUshort	+0.0357%	1h	$8.4M	$5.7M	5x
Kraken Futures PF_PENGUUSD	+0.0378%	1h	$349K	$775K	50x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0385% / S −0.0369%	1h	$82K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1152%	1h	$84K	$193K	50x	as long as short
dYdX PENGU-USD	+0.1860%	1h	$10K	$998	5x	as long as short