Funding spread now, next payment 17:00 UTC+0.4900%/8h
next payment, per $10,000+$6.13paid, last 24h+0.008%paid, last 7 days+0.142%to open and closeno order book
The current rate is far above what this pair has been paying: over the last 7 days it paid 0.142% in total (about 7.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.13 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 | 0.008806 | 0.0100 | pay 0.0013% / 1h | 30m 20s | $308K | $306K | 10x |
| Short | Injective PENGU/USDC PERP | 0.008792 | 0.5000 | get 0.0625% / 1h | 30m 20s | $3K | $91K | 5.5x |
Backpack PENGU_USDC_PERP
Injective PENGU/USDC PERPFunding history
latest
Range statsloading…
Funding on every exchange
click an exchange to add or hide itlatest
Profit calculator
- Funding earned
- $1,029
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $1,018.98
- Break-even
- 0.1 days
Slippage unknown: Backpack: live order book, 15 min ago; Injective: no order-book sample. Net counts fees only.
Price risk
price view- Price gap now
- −0.159%
- Avg gap 7d
- —
A gap far from its average can cost days of funding.
Backtest
opened in the past, held until now, after costsCost 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, 15 min ago | 0.56 bp | 7.4 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | |
|---|---|---|---|---|---|---|
| Deribit PENGU_USDC-PERPETUAL | −0.0434% | 1h | $20K | $7K | 10x | as long as short |
| gTrade (Gains Network) PENGU/USD | L +0.0007% / S −0.0003% | 1h | $33K | — | 150x | as long as short |
| Gate PENGU_USDT | +0.0020% | 4h | $3.7M | $11.9M | 75x | as long as short |
| Lighter PENGU | +0.0096% | 1h | $313K | $470K | 8x | as long as short |
| Orderly PERP_PENGU_USDC | +0.0098% | 4h | $16K | $186K | 20x | as long as short |
| Nado PENGU-PERP | +0.0100% | 1h | $640K | $629K | 5x | as long as short |
| Aster PENGUUSDT | +0.0100% | 4h | $181K | $338K | 20x | as long as short |
| Pacifica PENGU | +0.0100% | 1h | $205K | $129K | 5x | as long as short |
| Binance PENGUUSDT | +0.0100% | 4h | $37.7M | $124.4M | 75x | as long as short |
| Bybit PENGUUSDT | +0.0100% | 4h | $23.1M | $25.5M | 75x | as long as short |
Deribit PENGU_USDC-PERPETUAL
gTrade (Gains Network) PENGU/USD
Gate PENGU_USDT
Lighter PENGU
Orderly PERP_PENGU_USDC
Nado PENGU-PERP
Aster PENGUUSDT
Pacifica PENGU
Binance PENGUUSDT
Bybit PENGUUSDT
OKX PENGU-USDT-SWAP
Arcus PENGU-USD
MEXC PENGU_USDT
KuCoin PENGUUSDTM
Bitget PENGUUSDT
BingX PENGU-USDC
Variational Omni PENGU
ApeX Omni PENGUUSDT
SunX PENGU-USDT
SoDEX PENGU-USD
HTX PENGU-USDT
Extended PENGU-USD
Aevo PENGU-PERP
Kraken Futures PF_PENGUUSD
Reya PENGURUSDPERP
BloFin PENGU-USDT
GMX PENGU/USD [WBTC.b-USDC]
Hyperliquid PENGU
Coinbase International PENGU-PERP-INTX
dYdX PENGU-USD