PENGU

Alert

Funding spread now, next payment 16:00 UTC−0.0250%/8h

paid, last 24h−0.031%paid, last 7 days−0.030%to open and close $10k−$34

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.030% in total (about -1.5% a year). A funding rate is set anew for every payment. 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	Binance PENGUUSDT	0.008691	0.0100	pay 0.0050% / 4h	17m 43s	$37.2M	$110.8M	75x
Short	Backpack PENGU_USDC_PERP	0.008689	−0.0150	pay 0.0019% / 1h	17m 43s	$304K	$278K	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee BackpackbpOrdersRate

Funding earned: −$52.46
Slippage, 4 orders: −$13.56
Fee Binance: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$86.03
Break-even: never at this rate

Slippage from Binance: live order book, 12 min ago; Backpack: live order book, 32 min ago.

Price risk

price view

Price gap now: −0.019%
Avg gap 7d: −0.009%

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 Binance live order book, 12 min ago	0.59 bp	7.6 bp −$8	17.8 bp −$178	70.9 bp −$7,092	doesn't fit
Sell Backpack live order book, 32 min ago	0.57 bp	7.9 bp −$8	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
Backpack PENGU_USDC_PERPshort	−0.0150%	1h	$304K	$278K	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	$301K	$449K	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	$223K	$310K	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	$322K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	$204K	$125K	5x	as long as short
Binance PENGUUSDTlong	+0.0100%	4h	$37.2M	$110.8M	75x
Bybit PENGUUSDT	+0.0100%	4h	$21.8M	$22.4M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	$7.6M	$36.1M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	$4K	$9K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	$3.8M	$9.9M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	$13.8M	$9.9M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	$5.0M	$6.7M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	$8.6M	$8.2M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	—	$3.8M	—	as long as short
Variational Omni PENGU	+0.0100%	4h	$670K	$335K	—	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	$75K	$251K	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	$990	$14K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	$96K	$183K	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	$292	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	$1.5M	$924K	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	+0.0523%	1h	$369K	$804K	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2520%	1h	$92K	$133K	50x	as long as short