PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.2196%/8h= −240.5% APRnext payment −$2.75 per $10,000 · paid last 24h −0.585%

Price spread now: Arcus against Coinbase International−1.974%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$66 a day on $10k at the current rate, and Arcus is 1.974% cheaper against Coinbase International than usual: you would sell low and buy high (−$197 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International PENGU-PERP-INTX	0.008967	0.2296	pay 0.0287% / 1h	59m 22s	$95K	$94K	50x
Short	Arcus PENGU-USD	0.008790	0.0100	get 0.0013% / 1h	59m 22s	$19K	$24K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Coinbase International. 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 Coinbase InternationalbpFee ArcusbpOrdersPrice spread, now −1.974%Rate

Funding earned: −$461.16
Price spread: −1.974% → 0.000%: −$197.39
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$673.05
Costs to cover: 0.145%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 34 min ago; Arcus: no order-book sample. 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 Coinbase International live order book, 34 min ago	84.41 bp	112.0 bp −$112	doesn't fit	doesn't fit	doesn't fit
Sell Arcus no order-book sample	—	—	—	—	—

Arcus: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PENGU on 33 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
Hyperliquid PENGU	−0.0023%	1h	0.008781	−2.074%	$8.2M	$14.7M	5x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008783	−2.052%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008782	−2.063%	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−1.985%	$3K	$117K	5.5x	as long as short
Gate PENGU_USDT	+0.0090%	4h	0.008778	−2.108%	$3.4M	$15.3M	75x	as long as short
Lighter PENGU	+0.0096%	1h	0.008789	−1.985%	$312K	$706K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008784	−2.041%	$19K	$161K	20x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008792	−1.954%	$132K	$520K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008796	−1.907%	$155K	$243K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008782	−2.060%	$37.3M	$156.9M	75x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit PENGUUSDT	+0.0100%	4h	0.008779	−2.097%	$23.1M	$38.1M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008783	−2.052%	$7.5M	$46.5M	50x	as long as short
Arcus PENGU-USDshort	+0.0100%	1h	0.008790	−1.974%	$19K	$24K	5x
MEXC PENGU_USDT	+0.0100%	4h	0.008781	−2.074%	$11.9M	$12.3M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008780	−2.085%	$4.7M	$9.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008785	−2.030%	$8.3M	$12.4M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008780	−2.085%	—	$3.6M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008785	−2.030%	$301K	$285K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008789	−1.985%	$874K	$987K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008798	−1.885%	$466K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008797	−1.896%	$80K	$243K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008991	+0.268%	$3K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008784	−2.041%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008818	−1.662%	$94K	$337K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008782	−2.064%	$184K	$941K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008777	−2.119%	$203K	—	3x	as long as short
01 Exchange PENGUUSD	+0.0136%	1h	0.008786	−2.019%	$201	$64	5x	as long as short
Nado PENGU-PERP	+0.0210%	1h	0.008786	−2.019%	$592K	$987K	5x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008780	−2.089%	$296	—	10x	as long as short
dYdX PENGU-USD	+0.0319%	1h	0.008797	−1.901%	$12K	$4K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0512% / S −0.0582%	1h	0.008780	−2.085%	$119K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0647%	1h	0.008792	−1.955%	$360K	$2.3M	50x	as long as short
Coinbase International PENGU-PERP-INTXlong	+0.2296%	1h	0.008967	long leg	$95K	$94K	50x