PENGU

Alert

Funding spread now, next payment 15:00 UTC+0.0209%/8h

next payment, per $10,000+$0.26paid, last 24h+0.054%paid, last 5 days+0.326%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit PENGU_USDC-PERPETUAL	0.008262	−0.0113	get 0.0014% / 1h	46m 51s	$21K	$4K	10x
Short	Lighter PENGU	0.008255	0.0096	get 0.0012% / 1h	46m 51s	$315K	$384K	8x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee LighterbpOrdersRate

Funding earned: $43.89
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: $36.89
Break-even: 1.1 days

Slippage unknown: Deribit: no order-book sample; Lighter: live order book, 64 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.085%
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 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 Deribit no order-book sample	—	—	—	—	—
Sell Lighter live order book, 64 min ago	6.57 bp	12.8 bp −$13	88.3 bp −$883	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit PENGU_USDC-PERPETUALlong	−0.0113%	1h	$21K	$4K	10x
ApeX Omni PENGUUSDT	−0.0048%	1h	$71K	$251K	50x	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
Lighter PENGUshort	+0.0096%	1h	$315K	$384K	8x
Orderly PERP_PENGU_USDC	+0.0096%	4h	$16K	$174K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	$208K	$268K	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	$8.1M	$5.9M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	$167K	$307K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	$193K	$121K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Binance PENGUUSDT	+0.0100%	4h	$35.0M	$95.4M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	$20.2M	$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	$11.6M	$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
Backpack PENGU_USDC_PERP	+0.0100%	1h	$284K	$255K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	$659K	$284K	—	as long as short
SunX PENGU-USDT	+0.0100%	4h	$3K	$1.6M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	$918	$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	+0.0234%	1h	$279	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	$1.4M	$787K	75x	as long as short
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	$347K	$787K	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2088%	1h	$84K	$193K	50x	as long as short
dYdX PENGU-USD	+0.2220%	1h	$10K	$998	5x	as long as short