PENGU

Alert

Funding spread now, next payment 16:00 UTC−0.2808%/8h

next payment, per $10,000−$3.51paid, last 24h−0.420%paid, last 7 days−1.540%to open and close $10k−$277

Long on Coinbase International Short on Extended

The current rate is far above what this pair has been paying: over the last 7 days it paid -1.540% in total (about -80.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.51 per $10,000. 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	0.008580	0.2912	pay 0.0364% / 1h	18m 15s	$91K	$128K	50x
Short	Extended PENGU-USD	0.008609	0.0104	get 0.0013% / 1h	18m 15s	$176K	$679K	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee ExtendedbpOrdersRate

Funding earned: −$589.68
Slippage, 4 orders: −$261.95
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$866.63
Break-even: never at this rate

Slippage from Coinbase International: live order book, 26 min ago; Extended: live order book, 26 min ago.

Price risk

price view

Price gap now: +0.337%
Avg gap 7d: −0.791%

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, 26 min ago	93.16 bp	125.5 bp −$126	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 26 min ago	1.12 bp	10.6 bp −$11	59.9 bp −$599	doesn't fit	doesn't fit

PENGU on 33 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate PENGU_USDT	−0.0164%	4h	$3.6M	$12.4M	75x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	$19K	$7K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	$33K	—	150x	as long as short
Lighter PENGU	+0.0096%	1h	$307K	$473K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0098%	4h	$16K	$185K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	$638K	$663K	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	$176K	$342K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	$201K	$129K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	$36.7M	$125.7M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	$22.0M	$26.7M	75x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX PENGU-USDT-SWAP	+0.0100%	4h	$7.6M	$39.7M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	$11.2M	$10.9M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	$5.2M	$7.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	$8.4M	$9.4M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	—	$4.1M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	$306K	$307K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	$668K	$400K	—	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	$79K	$253K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	$2K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	$965	$14K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	$100K	$222K	25x	as long as short
Extended PENGU-USDshort	+0.0104%	1h	$176K	$679K	10x
Aevo PENGU-PERP	+0.0104%	1h	$199K	$17K	3x	as long as short
Kraken Futures PF_PENGUUSD	+0.0122%	1h	$359K	$864K	50x	as long as short
Reya PENGURUSDPERP	+0.0235%	1h	$290	—	10x	as long as short
01 Exchange PENGUUSD	+0.0240%	1h	$166	$28	5x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	$1.5M	$1.4M	75x	as long as short
Hyperliquid PENGU	+0.0482%	1h	$9.7M	$9.4M	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0491% / S −0.0660%	1h	$108K	—	100x	as long as short
Coinbase International PENGU-PERP-INTXlong	+0.2912%	1h	$91K	$128K	50x
Injective PENGU/USDC PERP	+0.5000%	1h	$3K	$91K	5.5x	as long as short
dYdX PENGU-USD	+0.9506%	1h	$11K	$5K	5x	as long as short