PENGU

Alert

Funding spread now, next payment 18:00 UTC+0.2820%/8h

next payment, per $10,000+$3.53paid, last 24h+0.462%paid, last 7 days+1.672%to open and close $10k−$244

Long on Hyperliquid Short on Coinbase International

The current rate is far above what this pair has been paying: over the last 7 days it paid 1.672% in total (about 87.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.53 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	Hyperliquid PENGU	0.008996	0.0100	pay 0.0013% / 1h	14m 08s	$10.7M	$12.7M	5x
Short	Coinbase International PENGU-PERP-INTX	0.009047	0.2920	get 0.0365% / 1h	14m 08s	$95K	$131K	50x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee Coinbase InternationalbpOrdersRate

Funding earned: $592.2
Slippage, 4 orders: −$224.72
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $348.48
Break-even: 2.9 days

Slippage from Hyperliquid: live order book, 10 min ago; Coinbase International: live order book, 20 min ago.

Price risk

price view

Price gap now: +0.567%
Avg gap 7d: +0.717%

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 Hyperliquid live order book, 10 min ago	1.70 bp	9.0 bp −$9	22.3 bp −$223	doesn't fit	doesn't fit
Sell Coinbase International live order book, 20 min ago	104.42 bp	111.0 bp −$111	doesn't fit	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
Deribit PENGU_USDC-PERPETUAL	−0.0306%	1h	$20K	$7K	10x	as long as short
Gate PENGU_USDT	−0.0076%	4h	$3.7M	$13.4M	75x	as long as short
Kraken Futures PF_PENGUUSD	−0.0071%	1h	$332K	$1.0M	50x	as long as short
dYdX PENGU-USD	0.0000%	1h	$12K	$5K	5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	$34K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	$3K	$24K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	$344K	$532K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	$660K	$695K	5x	as long as short
Hyperliquid PENGUlong	+0.0100%	1h	$10.7M	$12.7M	5x
Aster PENGUUSDT	+0.0100%	4h	$188K	$380K	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Pacifica PENGU	+0.0100%	1h	$213K	$134K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	$38.5M	$134.8M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	$24.0M	$29.8M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	$8.3M	$43.7M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	$20K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	$12.9M	$11.2M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	$5.2M	$7.4M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	$8.8M	$10.6M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	—	$4.0M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	$317K	$308K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	$800K	$532K	—	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	$85K	$253K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	$22K	$187K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	$2K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	$1K	$14K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	$99K	$244K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	$186K	$678K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	$208K	$17K	3x	as long as short
01 Exchange PENGUUSD	+0.0200%	1h	$206	$59	5x	as long as short
Reya PENGURUSDPERP	+0.0236%	1h	$303	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	$1.5M	$1.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0514% / S −0.0698%	1h	$116K	—	100x	as long as short
Coinbase International PENGU-PERP-INTXshort	+0.2920%	1h	$95K	$131K	50x