PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.092%

Price spread now: Variational Omni against BloFin−0.307%56s7-day average −0.046% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.282%−$28 on $10k

Price spread, last 4 days (all we have)+0.233%+$23 · spread now −0.307%, 7d avg −0.046%

Together, before fees−0.049%+ Points / potential airdropVariational Omni: Active · farm board−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Variational Omni is 0.261% cheaper against BloFin than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of −0.046%). Swap the legs. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PENGU-USDT	0.009141	0.0340	pay 0.0170% / 4h	20m 18s	$1.6M	$5.0M	75x
Short	Variational Omni PENGU	0.009113	0.0100	get 0.0050% / 4h	20m 18s	$907K	$1.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.307%Rate

Funding earned: −$50.4
Price spread: −0.307% → −0.046%: −$26.12
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$88.52
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 3 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.

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, 3 min ago	4.36 bp	10.5 bp −$11	14.9 bp −$149	44.0 bp −$4,401	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	3.85 bp	doesn't fit	24.7 bp −$247	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	0.009126	−0.162%	$34K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−3.851%	$3K	$117K	5.5x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0079%	1h	0.009134	−0.077%	$1K	$29K	10x	as long as short
Lighter PENGU	+0.0096%	1h	0.009127	−0.153%	$329K	$773K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009116	−0.276%	$642K	$1.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009124	−0.181%	$146K	$718K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009119	−0.241%	$138K	$267K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009120	−0.225%	$40.2M	$193.9M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009109	−0.350%	$24.5M	$45.7M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009118	−0.252%	$8.2M	$56.9M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus PENGU-USD	+0.0100%	1h	0.009130	−0.120%	$18K	$25K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.009109	−0.350%	$3.7M	$18.0M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009120	−0.230%	$11.3M	$13.1M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009117	−0.263%	$5.0M	$10.4M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009127	−0.153%	$9.0M	$14.5M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.009115	−0.284%	—	$3.8M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009121	−0.219%	$316K	$382K	10x	as long as short
Variational Omni PENGUshort	+0.0100%	4h	0.009113	−0.307%	$907K	$1.2M	—
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009117	−0.263%	$478K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009182	+0.449%	$80K	$252K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009120	−0.230%	$23K	$292K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009355	+2.341%	$3K	$2.2M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009132	−0.098%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009172	+0.339%	$95K	$414K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009121	−0.223%	$187K	$744K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009120	−0.230%	$211K	—	3x	as long as short
Hyperliquid PENGU	+0.0174%	1h	0.009132	−0.098%	$9.3M	$16.6M	5x	as long as short
Reya PENGURUSDPERP	+0.0240%	1h	0.009113	−0.302%	$308	—	10x	as long as short
01 Exchange PENGUUSD	+0.0328%	1h	0.009126	−0.164%	$209	$41	5x	as long as short
BloFin PENGU-USDTlong	+0.0340%	4h	0.009141	long leg	$1.6M	$5.0M	75x
dYdX PENGU-USD	+0.0382%	1h	0.009126	−0.162%	$12K	$6K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0435% / S −0.0352%	1h	0.009133	−0.088%	$105K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0534%	1h	0.009138	−0.031%	$353K	$2.6M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1928%	1h	0.009196	+0.602%	$81K	$74K	50x	as long as short