PENGU

Alert

Funding spread now, next payment 14:00 UTC−0.0423%/8h

paid, last 24h−0.011%paid, last 7 days−0.006%to open and close $10k−$45

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.006% in total (about -0.3% a year). A funding rate is set anew for every payment. 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	0.008371	0.0523	pay 0.0065% / 1h	40m 50s	$8.7M	$5.2M	5x
Short	Gate PENGU_USDT	0.008362	0.0100	get 0.0050% / 4h	2h 40m	$3.4M	$6.6M	75x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee GatebpOrdersRate

Funding earned: −$88.85
Slippage, 4 orders: −$20.84
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$133.69
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 3 min ago; Gate: live order book, 4 min ago.

Price risk

price view

Price gap now: −0.108%
Avg gap 7d: −0.020%

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, 3 min ago	1.20 bp	7.8 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	2.40 bp	14.2 bp −$14	40.6 bp −$406	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	0.0000%	1h	$22K	$3K	10x	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	$153K	5.5x	as long as short
Orderly PERP_PENGU_USDC	+0.0094%	4h	$16K	$172K	20x	as long as short
Lighter PENGU	+0.0096%	1h	$278K	$238K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	$213K	$246K	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	$166K	$297K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	$195K	$121K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	$35.4M	$90.6M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	$20.5M	$19.2M	75x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX PENGU-USDT-SWAP	+0.0100%	4h	$7.1M	$29.4M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	$4K	$31K	5x	as long as short
Gate PENGU_USDTshort	+0.0100%	4h	$3.4M	$6.6M	75x
MEXC PENGU_USDT	+0.0100%	4h	$12.0M	$8.2M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	$4.8M	$6.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	$8.4M	$7.1M	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	$240K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	$702K	$253K	—	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	$72K	$252K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	$3K	$1.5M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	$925	$14K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	$93K	$202K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	$160K	$635K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	$193K	$17K	3x	as long as short
01 Exchange PENGUUSD	+0.0184%	1h	$161	$28	5x	as long as short
Reya PENGURUSDPERP	+0.0234%	1h	$282	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	$1.5M	$734K	75x	as long as short
Kraken Futures PF_PENGUUSD	+0.0374%	1h	$368K	$684K	50x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0398% / S −0.0388%	1h	$86K	—	100x	as long as short
Hyperliquid PENGUlong	+0.0523%	1h	$8.7M	$5.2M	5x
Coinbase International PENGU-PERP-INTX	+0.1152%	1h	$84K	$211K	50x	as long as short
dYdX PENGU-USD	+0.1750%	1h	$10K	$998	5x	as long as short