PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.072%

Price spread now: KuCoin against BloFin+0.079%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$640.638% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.471%−$47 on $10k

Price spread, last 4 days (all we have)−0.181%−$18 · spread now +0.079%, 7d avg +0.020%

Together, before fees−0.652%−$65 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.059% dearer against BloFin than usual: you sell high and buy low (spread +0.079% now, against its 7-day average of +0.020%): +$6 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 20 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PENGU-USDT	0.008848	0.0340	pay 0.0170% / 4h	12m 31s	$1.5M	$3.7M	75x
Short	KuCoin PENGUUSDTM	0.008855	0.0100	get 0.0050% / 4h	12m 31s	$4.9M	$9.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee KuCoinbpOrdersPrice spread, now +0.079%Rate

Funding earned: −$50.4
Price spread: +0.079% → +0.020%: $5.88
Slippage, 4 orders: −$39.81
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$108.33
Costs to cover: 0.638%
Break-even: never at this rate

Slippage from BloFin: live order book, 6 min ago; KuCoin: live order book, 6 min ago.

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 BloFin live order book, 6 min ago	2.84 bp	10.0 bp −$10	14.7 bp −$147	45.4 bp −$4,536	doesn't fit
Sell KuCoin live order book, 6 min ago	1.14 bp	20.8 bp −$21	48.3 bp −$483	doesn't fit	doesn't fit

PENGU on 34 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008842	−0.070%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.667%	$3K	$117K	5.5x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0089%	1h	0.008851	+0.034%	$18K	$10K	10x	as long as short
Lighter PENGU	+0.0096%	1h	0.008850	+0.023%	$315K	$719K	8x	as long as short
Gate PENGU_USDT	+0.0096%	4h	0.008856	+0.090%	$3.3M	$15.7M	75x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008848	0.000%	$23K	$106K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008857	+0.107%	$595K	$1.0M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008845	−0.034%	$8.2M	$14.7M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008843	−0.053%	$119K	$588K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008847	−0.011%	$156K	$241K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PENGUUSDT	+0.0100%	4h	0.008854	+0.066%	$37.0M	$163.4M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008850	+0.023%	$23.5M	$39.5M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008852	+0.045%	$7.4M	$47.6M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008860	+0.136%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008856	+0.090%	$10.9M	$12.4M	125x	as long as short
KuCoin PENGUUSDTMshort	+0.0100%	4h	0.008855	+0.079%	$4.9M	$9.2M	75x
Bitget PENGUUSDT	+0.0100%	4h	0.008860	+0.136%	$8.3M	$12.3M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008856	+0.090%	—	$3.5M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008843	−0.057%	$294K	$317K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008816	−0.362%	$916K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008821	−0.306%	$460K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008821	−0.305%	$80K	$242K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009060	+2.396%	$2K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008848	0.000%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008854	+0.068%	$92K	$371K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008856	+0.085%	$185K	$941K	10x	as long as short
01 Exchange PENGUUSD	+0.0104%	1h	0.008857	+0.102%	$203	$64	5x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008840	−0.090%	$204K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008844	−0.040%	$299	—	10x	as long as short
BloFin PENGU-USDTlong	+0.0340%	4h	0.008848	long leg	$1.5M	$3.7M	75x
Kraken Futures PF_PENGUUSD	+0.0362%	1h	0.008859	+0.127%	$347K	$2.3M	50x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0500% / S −0.0492%	1h	0.008843	−0.057%	$120K	—	100x	as long as short
dYdX PENGU-USD	+0.0504%	1h	0.008847	−0.015%	$12K	$5K	5x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2928%	1h	0.008950	+1.153%	$96K	$62K	50x	as long as short