PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0216%/8h= +23.7% APRnext payment +$1.08 per $10,000 · paid last 24h +0.031%

Price spread now: SunX against Gate+2.238%7-day average +2.694% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.090%+$9 on $10k

Price spread, last 4 days (all we have)+0.164%+$16 · spread now +2.238%, 7d avg +2.694%

Together, before fees+0.254%+$25 on $10k · with fees, hour by hour

Funding pays, the price is against you. SunX is 0.456% cheaper against Gate than usual: you would sell low and buy high (spread +2.238% now, against its 7-day average of +2.694%). If the spread goes back, that is −$46 on $10k: about 7.0 days of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.090% in total) that is about 36 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.090% in total (about 4.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.08 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	0.009117	−0.0116	get 0.0058% / 4h	3h 38m	$3.7M	$17.8M	75x
Short	SunX PENGU-USDT	0.009321	0.0100	get 0.0050% / 4h	3h 38m	$3K	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +2.238%Rate

Funding earned: $45.36
Price spread: +2.238% → +2.694%: −$45.62
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$23.26
Costs to cover: 0.230%
Break-even: 10.6 days

Slippage unknown: Gate: live order book, 6 min ago; SunX: live order book, 8 min ago. Net counts fees only.

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, 6 min ago	2.19 bp	13.9 bp −$14	38.3 bp −$383	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	249.88 bp	doesn't fit	doesn't fit	doesn't fit	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
Gate PENGU_USDTlong	−0.0116%	4h	0.009117	long leg	$3.7M	$17.8M	75x
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.009111	−0.070%	$34K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−3.598%	$3K	$117K	5.5x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0079%	1h	0.009117	0.000%	$1K	$29K	10x	as long as short
Lighter PENGU	+0.0096%	1h	0.009127	+0.110%	$333K	$753K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009102	−0.165%	$647K	$1.1M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.009146	+0.318%	$9.3M	$16.8M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009117	+0.004%	$132K	$761K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009104	−0.143%	$138K	$274K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009121	+0.047%	$40.4M	$196.8M	75x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit PENGUUSDT	+0.0100%	4h	0.009116	−0.011%	$24.7M	$46.9M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009131	+0.154%	$8.2M	$58.4M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009110	−0.077%	$18K	$26K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009130	+0.143%	$11.6M	$13.0M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009119	+0.022%	$5.1M	$10.6M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009143	+0.285%	$8.9M	$15.1M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.009128	+0.121%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009135	+0.197%	$317K	$390K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009139	+0.241%	$944K	$1.2M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009127	+0.107%	$483K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009143	+0.285%	$80K	$252K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009112	−0.055%	$23K	$324K	20x	as long as short
SunX PENGU-USDTshort	+0.0100%	4h	0.009321	+2.238%	$3K	$2.2M	10x
SoDEX PENGU-USD	+0.0100%	1h	0.009115	−0.022%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009121	+0.044%	$94K	$414K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009111	−0.069%	$190K	$744K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009110	−0.077%	$210K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0241%	1h	0.009108	−0.093%	$308	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009110	−0.077%	$1.6M	$5.3M	75x	as long as short
01 Exchange PENGUUSD	+0.0376%	1h	0.009117	0.000%	$209	$41	5x	as long as short
Kraken Futures PF_PENGUUSD	+0.0378%	1h	0.009126	+0.097%	$351K	$2.7M	50x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0432% / S −0.0351%	1h	0.009111	−0.066%	$104K	—	100x	as long as short
dYdX PENGU-USD	+0.1885%	1h	0.009100	−0.187%	$15K	$9K	5x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2088%	1h	0.009211	+1.031%	$81K	$74K	50x	as long as short