PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0422%/8h= +46.2% APRnext payment +$2.11 per $10,000 · paid last 24h +0.015%

Price spread now: Binance against Gate+0.114%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$520.521% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.088%+$9 on $10k

Price spread, last 7 days−0.126%−$13 · spread now +0.114%, 7d avg −0.003%

Together, before fees−0.037%−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Binance is 0.117% dearer against Gate than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.003%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.088% in total (about 4.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.11 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	Gate PENGU_USDT	0.008771	−0.0322	get 0.0161% / 4h	1h 30m	$3.4M	$15.5M	75x
Short	Binance PENGUUSDT	0.008781	0.0100	get 0.0050% / 4h	1h 30m	$36.6M	$152.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee BinancebpOrdersPrice spread, now +0.114%Rate

Funding earned: $88.62
Price spread: +0.114% → −0.003%: $11.67
Slippage, 4 orders: −$27.1
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: $48.19
Costs to cover: 0.521%
Break-even: 3.2 days

Slippage from Gate: live order book, 3 min ago; Binance: live order book, 12 min ago.

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 Gate live order book, 3 min ago	2.28 bp	19.9 bp −$20	46.2 bp −$462	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	0.57 bp	7.8 bp −$8	19.1 bp −$191	64.8 bp −$6,480	doesn't fit

PENGU on 34 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_PENGUUSD	−0.0607%	1h	0.008781	+0.118%	$370K	$2.2M	50x	as long as short
Gate PENGU_USDTlong	−0.0322%	4h	0.008771	long leg	$3.4M	$15.5M	75x
Deribit PENGU_USDC-PERPETUAL	−0.0205%	1h	0.008778	+0.080%	$19K	$9K	10x	as long as short
Bybit PENGUUSDT	−0.0136%	4h	0.008775	+0.046%	$22.8M	$36.3M	75x	as long as short
01 Exchange PENGUUSD	−0.0080%	1h	0.008789	+0.205%	$201	$59	5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008788	+0.190%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008715	−0.638%	$3K	$81K	5.5x	as long as short
Variational Omni PENGU	+0.0054%	4h	0.008794	+0.268%	$836K	$768K	—	as long as short
Lighter PENGU	+0.0096%	1h	0.008779	+0.091%	$308K	$735K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008787	+0.182%	$680K	$757K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid PENGU	+0.0100%	1h	0.008779	+0.091%	$8.7M	$15.0M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008783	+0.131%	$189K	$466K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008778	+0.080%	$151K	$238K	5x	as long as short
Binance PENGUUSDTshort	+0.0100%	4h	0.008781	+0.114%	$36.6M	$152.5M	75x
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008779	+0.091%	$7.7M	$47.0M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008790	+0.217%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008779	+0.091%	$12.7M	$12.7M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008772	+0.011%	$4.7M	$8.9M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008775	+0.046%	$8.4M	$12.6M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008776	+0.057%	—	$3.9M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008778	+0.080%	$313K	$309K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008791	+0.234%	$460K	$2.3M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008788	+0.194%	$80K	$253K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008778	+0.080%	$23K	$186K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008997	+2.577%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008775	+0.046%	$997	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008810	+0.445%	$92K	$249K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008773	+0.023%	$181K	$682K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008775	+0.046%	$203K	$17K	3x	as long as short
dYdX PENGU-USD	+0.0133%	1h	0.008783	+0.137%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERP	+0.0237%	1h	0.008784	+0.143%	$297	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008777	+0.068%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0510% / S −0.0711%	1h	0.008788	+0.194%	$115K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2504%	1h	0.008945	+1.984%	$95K	$105K	50x	as long as short