data as of
Settings8H · net · $10k
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Funding arb /

PENGU

all PENGU markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 16:00 UTC−0.2812%/8h
next payment, per $10,000−$3.52paid, last 24h−0.453%paid, last 7 days−1.581%to open and close $10k−$273
Long on Coinbase InternationalShort on Backpack
The current rate is far above what this pair has been paying: over the last 7 days it paid -1.581% in total (about -82.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.52 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International PENGU-PERP-INTX0.0089500.2912pay 0.0364% / 1h30m 40s$95K$133K50x
ShortBackpack PENGU_USDC_PERP0.0088060.0100get 0.0013% / 1h30m 40s$308K$306K10x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$590.52
Slippage, 4 orders
−$252.6
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$863.12
Break-even
never at this rate
Slippage from Coinbase International: live order book, 14 min ago; Backpack: live order book, 14 min ago.

Price risk

price view
Price gap now
−1.609%
Avg gap 7d
−0.753%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 14 min ago93.16 bp125.5 bp −$126doesn't fitdoesn't fitdoesn't fit
Sell Backpack live order book, 14 min ago0.56 bp8.9 bp −$9doesn't fitdoesn't fitdoesn't fit

PENGU on 33 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Deribit PENGU_USDC-PERPETUAL−0.0090%1h$20K$7K10xas long as short
gTrade (Gains Network) PENGU/USDL +0.0007% / S −0.0003%1h$33K—150xas long as short
Gate PENGU_USDT+0.0044%4h$3.7M$11.8M75xas long as short
Lighter PENGU+0.0096%1h$313K$470K8xas long as short
Orderly PERP_PENGU_USDC+0.0098%4h$16K$186K20xas long as short
Nado PENGU-PERP+0.0100%1h$645K$629K5xas long as short
Aster PENGUUSDT+0.0100%4h$181K$338K20xas long as short
Pacifica PENGU+0.0100%1h$205K$129K5xas long as short
Binance PENGUUSDT+0.0100%4h$37.6M$124.5M75xas long as short
Bybit PENGUUSDT+0.0100%4h$23.1M$25.5M75xas long as short
Show all 33 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
OKX PENGU-USDT-SWAP+0.0100%4h$7.9M$39.9M50xas long as short
Arcus PENGU-USD+0.0100%1h$19K$25K5xas long as short
MEXC PENGU_USDT+0.0100%4h$11.7M$10.7M125xas long as short
KuCoin PENGUUSDTM+0.0100%4h$5.1M$7.0M75xas long as short
Bitget PENGUUSDT+0.0100%4h$8.6M$9.3M75xas long as short
BingX PENGU-USDC+0.0100%4h—$2.3M—as long as short
Backpack PENGU_USDC_PERPshort+0.0100%1h$308K$306K10x
Variational Omni PENGU+0.0100%4h$697K$374K—as long as short
ApeX Omni PENGUUSDT+0.0100%1h$80K$252K50xas long as short
SunX PENGU-USDT+0.0100%4h$2K$2.0M10xas long as short
SoDEX PENGU-USD+0.0100%1h$991$14K5xas long as short
HTX PENGU-USDT+0.0100%4h$96K$210K25xas long as short
Extended PENGU-USD+0.0104%1h$192K$669K10xas long as short
Aevo PENGU-PERP+0.0104%1h$204K$17K3xas long as short
Kraken Futures PF_PENGUUSD+0.0120%1h$369K$857K50xas long as short
Reya PENGURUSDPERP+0.0235%1h$298—10xas long as short
01 Exchange PENGUUSD+0.0248%1h$170$285xas long as short
BloFin PENGU-USDT+0.0340%4h$1.6M$1.5M75xas long as short
GMX PENGU/USD [WBTC.b-USDC]L +0.0498% / S −0.0660%1h$111K—100xas long as short
Hyperliquid PENGU+0.0657%1h$9.8M$9.3M5xas long as short
Coinbase International PENGU-PERP-INTXlong+0.2912%1h$95K$133K50x
Injective PENGU/USDC PERP+0.5000%1h$3K$91K5.5xas long as short
dYdX PENGU-USD+0.6815%1h$12K$4K5xas long as short