data as of
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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 15:00 UTC−0.0099%/8h
next payment, per $10,000−$0.12paid, last 24h+0.020%paid, last 5 days+0.284%to open and closeno order book
Long on DeribitShort on Backpack
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit PENGU_USDC-PERPETUAL0.0082210get 0.0000% / 1h52m 08s$21K$4K10x
ShortBackpack PENGU_USDC_PERP0.008212−0.0099pay 0.0012% / 1h52m 08s$283K$255K10x

Funding history

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Funding on every exchange

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latest

Profit calculator

Funding earned
−$20.82
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$37.82
Break-even
never at this rate
Slippage unknown: Deribit: no order-book sample; Backpack: live order book, 3 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.109%
Avg gap 7d
—
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 Deribit no order-book sample—————
Sell Backpack live order book, 3 min ago0.61 bp7.8 bp −$8doesn't fitdoesn't fitdoesn't fit
Deribit: 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 32 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Backpack PENGU_USDC_PERPshort−0.0099%1h$283K$255K10x
Deribit PENGU_USDC-PERPETUALlong0.0000%1h$21K$4K10x
gTrade (Gains Network) PENGU/USDL +0.0007% / S −0.0003%1h$32K—150xas long as short
Injective PENGU/USDC PERP+0.0033%1h$3K$116K5.5xas long as short
Orderly PERP_PENGU_USDC+0.0096%4h$16K$174K20xas long as short
Lighter PENGU+0.0096%1h$315K$383K8xas long as short
Nado PENGU-PERP+0.0100%1h$204K$266K5xas long as short
Hyperliquid PENGU+0.0100%1h$8.1M$5.9M5xas long as short
Aster PENGUUSDT+0.0100%4h$167K$306K20xas long as short
Pacifica PENGU+0.0100%1h$191K$121K5xas long as short
Show all 32 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Binance PENGUUSDT+0.0100%4h$34.8M$94.5M75xas long as short
Bybit PENGUUSDT+0.0100%4h$20.1M$19.8M75xas long as short
OKX PENGU-USDT-SWAP+0.0100%4h$6.9M$30.1M50xas long as short
Arcus PENGU-USD+0.0100%1h$4K$31K5xas long as short
Gate PENGU_USDT+0.0100%4h$3.3M$7.2M75xas long as short
MEXC PENGU_USDT+0.0100%4h$11.7M$8.6M125xas long as short
KuCoin PENGUUSDTM+0.0100%4h$4.6M$6.3M75xas long as short
Bitget PENGUUSDT+0.0100%4h$8.1M$7.3M75xas long as short
BingX PENGU-USDT+0.0100%4h—$3.6M—as long as short
Variational Omni PENGU+0.0100%4h$664K$285K—as long as short
ApeX Omni PENGUUSDT+0.0100%1h$71K$251K50xas long as short
SunX PENGU-USDT+0.0100%4h$3K$1.6M10xas long as short
SoDEX PENGU-USD+0.0100%1h$919$14K5xas long as short
HTX PENGU-USDT+0.0100%4h$92K$181K25xas long as short
Extended PENGU-USD+0.0104%1h$158K$638K10xas long as short
Aevo PENGU-PERP+0.0104%1h$190K$17K3xas long as short
Reya PENGURUSDPERP+0.0234%1h$277—10xas long as short
BloFin PENGU-USDT+0.0340%4h$1.4M$780K75xas long as short
GMX PENGU/USD [WBTC.b-USDC]L +0.0384% / S −0.0369%1h$82K—100xas long as short
Kraken Futures PF_PENGUUSD+0.0659%1h$345K$782K50xas long as short
Coinbase International PENGU-PERP-INTX+0.2088%1h$84K$193K50xas long as short
dYdX PENGU-USD+0.2119%1h$10K$9985xas long as short