PENGU

Alert

Funding spread now, next payment 15:00 UTC−0.0293%/8h

paid, last 24h−0.034%paid, last 7 days+0.069%to open and close $10k−$43

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.069% in total (about 3.6% 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	Bybit PENGUUSDT	0.008206	0.0100	pay 0.0050% / 4h	1h 52m	$20.1M	$19.8M	75x
Short	Backpack PENGU_USDC_PERP	0.008193	−0.0193	pay 0.0024% / 1h	52m 21s	$282K	$255K	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee BackpackbpOrdersRate

Funding earned: −$61.57
Slippage, 4 orders: −$21.85
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$104.42
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Backpack: live order book, 3 min ago.

Price risk

price view

Price gap now: −0.158%
Avg gap 7d: +0.024%

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 Bybit live order book, 3 min ago	0.61 bp	13.9 bp −$14	39.4 bp −$394	doesn't fit	doesn't fit
Sell Backpack live order book, 3 min ago	0.61 bp	7.8 bp −$8	doesn't fit	doesn't fit	doesn't fit

PENGU on 32 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Backpack PENGU_USDC_PERPshort	−0.0193%	1h	$282K	$255K	10x
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	$21K	$4K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	$3K	$116K	5.5x	as long as short
Orderly PERP_PENGU_USDC	+0.0096%	4h	$16K	$174K	20x	as long as short
Lighter PENGU	+0.0096%	1h	$314K	$383K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	$204K	$266K	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	$8.1M	$5.9M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	$167K	$306K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	$191K	$121K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Binance PENGUUSDT	+0.0100%	4h	$34.7M	$94.5M	75x	as long as short
Bybit PENGUUSDTlong	+0.0100%	4h	$20.1M	$19.8M	75x
OKX PENGU-USDT-SWAP	+0.0100%	4h	$6.8M	$30.1M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	$4K	$31K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	$3.3M	$7.2M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	$11.7M	$8.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	$4.6M	$6.3M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	$8.1M	$7.3M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	—	$3.6M	—	as long as short
Variational Omni PENGU	+0.0100%	4h	$664K	$285K	—	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	$71K	$251K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	$3K	$1.6M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	$919	$14K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	$92K	$181K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	$158K	$638K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	$190K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0234%	1h	$277	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	$1.4M	$780K	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0384% / S −0.0369%	1h	$82K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0659%	1h	$345K	$782K	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2088%	1h	$84K	$193K	50x	as long as short
dYdX PENGU-USD	+0.2119%	1h	$10K	$998	5x	as long as short