PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0156%/8h= +17.1% APRnext payment +$0.78 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Bybit+0.068%7-day average +0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

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

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.113%+$11 on $10k

Price spread, last 7 days−0.056%−$6 · spread now +0.068%, 7d avg +0.064%

Together, before fees+0.057%+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.064%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PENGUUSDT	0.008797	−0.0056	get 0.0028% / 4h	1h 45m	$22.8M	$36.1M	75x
Short	KuCoin PENGUUSDTM	0.008803	0.0100	get 0.0050% / 4h	1h 45m	$4.8M	$8.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now +0.068%Rate

Funding earned: $32.84
Price spread: +0.068% → +0.064%: $0.44
Slippage, 4 orders: −$40.85
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$30.57
Costs to cover: 0.638%
Break-even: 13.5 days

Slippage from Bybit: live order book, 3 min ago; KuCoin: live order book, 2 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 Bybit live order book, 3 min ago	0.57 bp	11.8 bp −$12	24.9 bp −$249	142.9 bp −$14.3K	doesn't fit
Sell KuCoin live order book, 2 min ago	1.71 bp	19.9 bp −$20	50.1 bp −$501	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
Kraken Futures PF_PENGUUSD	−0.0607%	1h	0.008792	−0.062%	$391K	$2.2M	50x	as long as short
Gate PENGU_USDT	−0.0312%	4h	0.008790	−0.080%	$3.4M	$15.5M	75x	as long as short
01 Exchange PENGUUSD	−0.0096%	1h	0.008773	−0.273%	$201	$59	5x	as long as short
Bybit PENGUUSDTlong	−0.0056%	4h	0.008797	long leg	$22.8M	$36.1M	75x
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008787	−0.114%	$19K	$9K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008780	−0.196%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008715	−0.932%	$3K	$81K	5.5x	as long as short
Nado PENGU-PERP	+0.0077%	1h	0.008769	−0.313%	$679K	$758K	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008801	+0.045%	$301K	$726K	8x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008799	+0.023%	$8.7M	$15.0M	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PENGUUSDT	+0.0100%	4h	0.008799	+0.022%	$174K	$449K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008805	+0.091%	$148K	$236K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008806	+0.098%	$36.4M	$151.7M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008800	+0.034%	$7.7M	$47.0M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008770	−0.307%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008804	+0.080%	$13.1M	$12.6M	125x	as long as short
KuCoin PENGUUSDTMshort	+0.0100%	4h	0.008803	+0.068%	$4.8M	$8.8M	75x
Bitget PENGUUSDT	+0.0100%	4h	0.008805	+0.091%	$8.4M	$12.5M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008793	−0.045%	—	$3.9M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008786	−0.125%	$313K	$309K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008761	−0.412%	$811K	$726K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008763	−0.386%	$458K	$2.3M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008766	−0.352%	$80K	$253K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008789	−0.091%	$23K	$186K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009001	+2.319%	$2K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008787	−0.114%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008791	−0.068%	$92K	$250K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008793	−0.051%	$180K	$682K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008790	−0.080%	$203K	$17K	3x	as long as short
dYdX PENGU-USD	+0.0111%	1h	0.008797	+0.001%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERP	+0.0237%	1h	0.008773	−0.278%	$296	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008783	−0.159%	$1.5M	$2.7M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0509% / S −0.0711%	1h	0.008781	−0.182%	$114K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2504%	1h	0.008787	−0.114%	$94K	$99K	50x	as long as short