PENGU

Alert

Funding spread now, next payment 15:00 UTC+0.0550%/8h

next payment, per $10,000+$0.69paid, last 24h+0.033%paid, last 7 days+0.107%to open and close $10k−$61

Long on Backpack Short on Kraken Futures

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.107% in total (about 5.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.69 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	0.008337	0.0100	pay 0.0013% / 1h	33m 37s	$287K	$252K	10x
Short	Kraken Futures PF_PENGUUSD	0.008343	0.0650	get 0.0081% / 1h	33m 37s	$354K	$779K	50x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee Kraken FuturesbpOrdersRate

Funding earned: $115.45
Slippage, 4 orders: −$40.87
Fee Backpack: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $54.58
Break-even: 3.7 days

Slippage from Backpack: live order book, 21 min ago; Kraken Futures: live order book, 21 min ago.

Price risk

price view

Price gap now: +0.078%
Avg gap 7d: +0.103%

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, 21 min ago	0.61 bp	8.1 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 21 min ago	12.14 bp	21.2 bp −$21	38.2 bp −$382	doesn't fit	doesn't fit

PENGU on 32 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit PENGU_USDC-PERPETUAL	0.0000%	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	$116K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	$321K	$393K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0096%	4h	$17K	$174K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	$209K	$269K	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	$8.1M	$6.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	$169K	$308K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	$195K	$121K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	$35.6M	$95.6M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit PENGUUSDT	+0.0100%	4h	$20.5M	$19.7M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	$7.0M	$30.5M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	$4K	$8K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	$3.5M	$7.6M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	$11.7M	$8.7M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	$4.6M	$6.3M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	$8.3M	$7.3M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	—	$3.5M	—	as long as short
Backpack PENGU_USDC_PERPlong	+0.0100%	1h	$287K	$252K	10x
Variational Omni PENGU	+0.0100%	4h	$667K	$285K	—	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	$71K	$251K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	$3K	$1.6M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	$933	$14K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	$93K	$181K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	$160K	$638K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	$192K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0235%	1h	$282	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	$1.4M	$779K	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0386% / S −0.0369%	1h	$83K	—	100x	as long as short
Kraken Futures PF_PENGUUSDshort	+0.0650%	1h	$354K	$779K	50x
dYdX PENGU-USD	+0.1110%	1h	$10K	$998	5x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2088%	1h	$80K	$197K	50x	as long as short