PENGU

Alert

Funding spread now, next payment 17:00 UTC−0.0002%/8h

paid, last 24h+0.029%paid, last 7 days+0.039%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack PENGU_USDC_PERP	0.008755	0.0100	pay 0.0013% / 1h	29m 04s	$307K	$306K	10x
Short	Orderly PERP_PENGU_USDC	0.008744	0.0098	get 0.0049% / 4h	3h 29m	$16K	$186K	20x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee OrderlybpOrdersRate

Funding earned: −$0.48
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$16.48
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 16 min ago; Orderly: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.126%
Avg gap 7d: 0.000%

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, 16 min ago	0.56 bp	7.4 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.0207%	1h	$20K	$7K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	$34K	—	150x	as long as short
Gate PENGU_USDT	+0.0012%	4h	$3.7M	$11.9M	75x	as long as short
Lighter PENGU	+0.0096%	1h	$312K	$470K	8x	as long as short
Orderly PERP_PENGU_USDCshort	+0.0098%	4h	$16K	$186K	20x
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	$37.6M	$124.5M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	$23.1M	$25.5M	75x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX PENGU-USDT-SWAP	+0.0100%	4h	$7.9M	$39.9M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	$19K	$25K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	$11.7M	$10.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	$5.1M	$7.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	$8.6M	$9.3M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERPlong	+0.0100%	1h	$307K	$306K	10x
Variational Omni PENGU	+0.0100%	4h	$697K	$374K	—	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	$81K	$252K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	$3K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	$978	$14K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	$96K	$210K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	$182K	$678K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	$202K	$17K	3x	as long as short
Kraken Futures PF_PENGUUSD	+0.0121%	1h	$366K	$853K	50x	as long as short
Reya PENGURUSDPERP	+0.0235%	1h	$295	—	10x	as long as short
01 Exchange PENGUUSD	+0.0248%	1h	$169	$28	5x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	$1.6M	$1.5M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0495% / S −0.0660%	1h	$110K	—	100x	as long as short
Hyperliquid PENGU	+0.0629%	1h	$9.8M	$9.3M	5x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2912%	1h	$95K	$133K	50x	as long as short
Injective PENGU/USDC PERP	+0.5000%	1h	$3K	$91K	5.5x	as long as short
dYdX PENGU-USD	+0.7416%	1h	$12K	$4K	5x	as long as short