PENGU

Alert

Funding spread now, next payment 20:00 UTC−0.0204%/8h

next payment, per $10,000−$0.26paid, last 24h−0.016%paid, last 3 days−0.140%to open and closeno order book

Long on Hyperliquid Short on 01 Exchange

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid PENGU	0.008987	0.0332	pay 0.0042% / 1h	57m 10s	$10.8M	$12.9M	5x
Short	01 Exchange PENGUUSD	0.008982	0.0128	get 0.0016% / 1h	57m 10s	$205	$59	5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee 01 ExchangebpOrdersRate

Funding earned: −$42.86
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$58.86
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 7 min ago; 01 Exchange: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.056%
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 Hyperliquid live order book, 7 min ago	1.66 bp	22.7 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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 33 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BloFin PENGU-USDT	−0.0119%	4h	$1.6M	$2.3M	75x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0084%	1h	$20K	$7K	10x	as long as short
Gate PENGU_USDT	−0.0060%	4h	$3.7M	$13.9M	75x	as long as short
Backpack PENGU_USDC_PERP	−0.0012%	1h	$317K	$308K	10x	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
Kraken Futures PF_PENGUUSD	+0.0039%	1h	$648K	$1.5M	50x	as long as short
Lighter PENGU	+0.0096%	1h	$345K	$546K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	$692K	$718K	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster PENGUUSDT	+0.0100%	4h	$180K	$391K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	$196K	$161K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	$38.3M	$138.5M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	$24.1M	$30.7M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	$8.2M	$45.0M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	$20K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	$12.6M	$11.3M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	$5.0M	$7.7M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	$8.7M	$10.8M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	—	$2.3M	—	as long as short
Variational Omni PENGU	+0.0100%	4h	$808K	$542K	—	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	$3K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	$1K	$11K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	$99K	$244K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	$185K	$679K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	$207K	$17K	3x	as long as short
01 Exchange PENGUUSDshort	+0.0128%	1h	$205	$59	5x
Reya PENGURUSDPERP	+0.0236%	1h	$303	—	10x	as long as short
Hyperliquid PENGUlong	+0.0332%	1h	$10.8M	$12.9M	5x
GMX PENGU/USD [WBTC.b-USDC]	L +0.0513% / S −0.0698%	1h	$115K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2976%	1h	$95K	$130K	50x	as long as short