PENGU

Alert

Funding spread now, next payment 14:00 UTC−0.1748%/8h

paid, last 24h−0.278%paid, last 7 days−1.012%to open and close $10k−$239

Long on Coinbase International Short on BloFin

The current rate is far above what this pair has been paying: over the last 7 days it paid -1.012% in total (about -52.8% 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	Coinbase International PENGU-PERP-INTX	0.008378	0.2088	pay 0.0261% / 1h	44m 38s	$84K	$193K	50x
Short	BloFin PENGU-USDT	0.008260	0.0340	get 0.0170% / 4h	1h 44m	$1.4M	$776K	75x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee BloFinbpOrdersRate

Funding earned: −$367.08
Slippage, 4 orders: −$217.42
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$606.5
Break-even: never at this rate

Slippage from Coinbase International: live order book, 10 min ago; BloFin: live order book, 4 min ago.

Price risk

price view

Price gap now: −1.408%
Avg gap 7d: −0.710%

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 Coinbase International live order book, 10 min ago	89.15 bp	109.3 bp −$109	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	0.61 bp	8.0 bp −$8	15.8 bp −$158	39.2 bp −$3,917	doesn't fit

PENGU on 32 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
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
Backpack PENGU_USDC_PERP	+0.0064%	1h	$285K	$254K	10x	as long as short
Lighter PENGU	+0.0096%	1h	$316K	$385K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0096%	4h	$16K	$174K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	$8.2M	$5.9M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	$168K	$307K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	$193K	$121K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	$35.2M	$95.3M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit PENGUUSDT	+0.0100%	4h	$20.3M	$19.8M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	$6.9M	$30.3M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	$4K	$31K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	$3.4M	$7.5M	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	$8.2M	$7.3M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	—	$2.3M	—	as long as short
Variational Omni PENGU	+0.0100%	4h	$662K	$284K	—	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	$71K	$251K	50x	as long as short
Nado PENGU-PERP	+0.0100%	1h	$208K	$267K	5x	as long as short
SunX PENGU-USDT	+0.0100%	4h	$3K	$1.6M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	$920	$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	$191K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0235%	1h	$279	—	10x	as long as short
BloFin PENGU-USDTshort	+0.0340%	4h	$1.4M	$776K	75x
GMX PENGU/USD [WBTC.b-USDC]	L +0.0385% / S −0.0369%	1h	$82K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0656%	1h	$348K	$778K	50x	as long as short
dYdX PENGU-USD	+0.1924%	1h	$10K	$998	5x	as long as short
Coinbase International PENGU-PERP-INTXlong	+0.2088%	1h	$84K	$193K	50x