data as of
Settings8H · net · $10k
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Funding arb /

PENGU

all PENGU markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 16:00 UTC+0.2812%/8h
paid, last 24h+0.421%paid, last 7 days+1.518%to open and close $10k−$283
Long on BitgetShort on Coinbase International
The current rate is far above what this pair has been paying: over the last 7 days it paid 1.518% in total (about 79.2% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget PENGUUSDT0.0087350.0100pay 0.0050% / 4h3h 25m$8.5M$9.3M75x
ShortCoinbase International PENGU-PERP-INTX0.0089500.2912get 0.0364% / 1h25m 31s$95K$133K50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$590.52
Slippage, 4 orders
−$261.22
Fee Bitget: 6 bp × 2 orders
−$12
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$307.3
Break-even
3.4 days
Slippage from Bitget: live order book, 4 min ago; Coinbase International: live order book, 19 min ago.

Price risk

price view
Price gap now
+2.461%
Avg gap 7d
+0.697%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 4 min ago1.14 bp12.4 bp −$1230.9 bp −$309111.0 bp −$11.1Kdoesn't fit
Sell Coinbase International live order book, 19 min ago93.16 bp130.8 bp −$131doesn't fitdoesn't fitdoesn't fit

PENGU on 33 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate PENGU_USDT−0.0050%4h$3.7M$12.0M75xas long as short
Deribit PENGU_USDC-PERPETUAL0.0000%1h$20K$7K10xas long as short
gTrade (Gains Network) PENGU/USDL +0.0007% / S −0.0003%1h$34K—150xas long as short
Lighter PENGU+0.0096%1h$311K$471K8xas long as short
Orderly PERP_PENGU_USDC+0.0098%4h$16K$186K20xas long as short
Nado PENGU-PERP+0.0100%1h$636K$627K5xas long as short
Aster PENGUUSDT+0.0100%4h$180K$338K20xas long as short
Pacifica PENGU+0.0100%1h$204K$129K5xas long as short
Binance PENGUUSDT+0.0100%4h$37.4M$124.9M75xas long as short
Bybit PENGUUSDT+0.0100%4h$23.0M$25.7M75xas long as short
Show all 33 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
OKX PENGU-USDT-SWAP+0.0100%4h$7.8M$39.8M50xas long as short
Arcus PENGU-USD+0.0100%1h$19K$25K5xas long as short
MEXC PENGU_USDT+0.0100%4h$11.6M$10.8M125xas long as short
KuCoin PENGUUSDTM+0.0100%4h$5.2M$7.0M75xas long as short
Bitget PENGUUSDTlong+0.0100%4h$8.5M$9.3M75x
BingX PENGU-USDC+0.0100%4h—$2.3M—as long as short
Backpack PENGU_USDC_PERP+0.0100%1h$308K$307K10xas long as short
Variational Omni PENGU+0.0100%4h$678K$389K—as long as short
ApeX Omni PENGUUSDT+0.0100%1h$80K$253K50xas long as short
SunX PENGU-USDT+0.0100%4h$3K$2.0M10xas long as short
SoDEX PENGU-USD+0.0100%1h$981$14K5xas long as short
HTX PENGU-USDT+0.0100%4h$96K$221K25xas long as short
Extended PENGU-USD+0.0104%1h$181K$677K10xas long as short
Aevo PENGU-PERP+0.0104%1h$201K$17K3xas long as short
Kraken Futures PF_PENGUUSD+0.0121%1h$366K$853K50xas long as short
Reya PENGURUSDPERP+0.0235%1h$295—10xas long as short
01 Exchange PENGUUSD+0.0248%1h$168$285xas long as short
BloFin PENGU-USDT+0.0340%4h$1.6M$1.5M75xas long as short
GMX PENGU/USD [WBTC.b-USDC]L +0.0495% / S −0.0660%1h$110K—100xas long as short
Hyperliquid PENGU+0.0578%1h$9.8M$9.4M5xas long as short
Coinbase International PENGU-PERP-INTXshort+0.2912%1h$95K$133K50x
Injective PENGU/USDC PERP+0.5000%1h$3K$91K5.5xas long as short
dYdX PENGU-USD+0.9591%1h$12K$4K5xas long as short