PENGU

Alert

Funding spread now, next payment 16:00 UTC+0.0067%/8h

paid, last 24h+0.024%paid, last 7 days−0.086%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective PENGU/USDC PERP	0.009211	0.0033	pay 0.0004% / 1h	40m 30s	$3K	$116K	5.5x
Short	KuCoin PENGUUSDTM	0.008607	0.0100	get 0.0050% / 4h	40m 30s	$4.8M	$6.6M	75x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee KuCoinbpOrdersRate

Funding earned: $14
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $1.98
Break-even: 6.0 days

Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 4 min ago. Net counts fees only.

Price risk

price view

Price gap now: −6.557%
Avg gap 7d: +0.869%

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 Injective no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 4 min ago	4.05 bp	17.1 bp −$17	42.3 bp −$423	doesn't fit	doesn't fit

Injective: 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
Deribit PENGU_USDC-PERPETUAL	−0.0333%	1h	$21K	$4K	10x	as long as short
01 Exchange PENGUUSD	−0.0032%	1h	$165	$28	5x	as long as short
dYdX PENGU-USD	0.0000%	1h	$10K	$1K	5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	$33K	—	150x	as long as short
Injective PENGU/USDC PERPlong	+0.0033%	1h	$3K	$116K	5.5x
Backpack PENGU_USDC_PERP	+0.0040%	1h	$298K	$267K	10x	as long as short
Orderly PERP_PENGU_USDC	+0.0096%	4h	$17K	$175K	20x	as long as short
Lighter PENGU	+0.0096%	1h	$299K	$442K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	$221K	$298K	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	$8.3M	$6.6M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster PENGUUSDT	+0.0100%	4h	$173K	$319K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	$201K	$124K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	$36.7M	$106.5M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	$21.5M	$21.7M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	$7.5M	$34.6M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	$3K	$9K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	$3.8M	$9.0M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	$12.0M	$9.3M	125x	as long as short
KuCoin PENGUUSDTMshort	+0.0100%	4h	$4.8M	$6.6M	75x
Bitget PENGUUSDT	+0.0100%	4h	$8.6M	$8.0M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	—	$3.7M	—	as long as short
Variational Omni PENGU	+0.0100%	4h	$667K	$326K	—	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	$75K	$250K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	$3K	$1.8M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	$967	$14K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	$95K	$183K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	$190K	$665K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	$198K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0235%	1h	$291	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	$1.5M	$887K	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0389% / S −0.0366%	1h	$85K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0530%	1h	$361K	$784K	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2520%	1h	$85K	$189K	50x	as long as short