PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.05 per $10,000 · paid last 24h −0.028%

Price spread now: Aevo against Kraken Futures−0.049%7-day average −0.118% · you buy dearer than you sell

Net, funding: paid 7d − costs−$131as in the Funding arb table

Net, price: spread back to 7d avg − costs−$114as in the Price arb table

costs, in and out, $10k−$1211.207% of the position

Long on Kraken Futures Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.106%−$11 on $10k

Price spread, last 4 days (all we have)−0.142%−$14 · spread now −0.049%, 7d avg −0.118%

Together, before fees−0.248%−$25 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aevo is 0.068% dearer against Kraken Futures than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.118%. Mind the row above: over the last 7 days funding on this pair cost −0.106%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_PENGUUSD	0.009059	0.0064	pay 0.0008% / 1h	49m 26s	$332K	$2.6M	50x
Short	Aevo PENGU-PERP	0.009055	0.0104	get 0.0013% / 1h	49m 26s	$209K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Kraken Futures. 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 Kraken FuturesbpFee AevobpOrdersPrice spread, now −0.049%Rate

Funding earned: $8.45
Price spread: −0.049% → −0.118%: $6.82
Slippage, 4 orders: −$94.67
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$105.4
Costs to cover: 1.207%
Break-even: 94.3 days

Slippage from Kraken Futures: live order book, 2 min ago; Aevo: live order book, 62 min ago.

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 Kraken Futures live order book, 2 min ago	3.31 bp	18.4 bp −$18	39.9 bp −$399	doesn't fit	doesn't fit
Sell Aevo live order book, 62 min ago	16.44 bp	32.2 bp −$32	doesn't fit	doesn't fit	doesn't fit

PENGU on 34 exchanges

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
dYdX PENGU-USD	0.0000%	1h	0.009053	−0.067%	$20K	$21K	5x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.009056	−0.038%	$1K	$27K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.009067	+0.082%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−2.986%	$3K	$117K	5.5x	as long as short
Kraken Futures PF_PENGUUSDlong	+0.0064%	1h	0.009059	long leg	$332K	$2.6M	50x
Lighter PENGU	+0.0096%	1h	0.009053	−0.072%	$324K	$699K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009055	−0.049%	$650K	$1.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009060	+0.006%	$135K	$772K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009048	−0.127%	$137K	$225K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009057	−0.031%	$39.9M	$192.6M	75x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit PENGUUSDT	+0.0100%	4h	0.009051	−0.094%	$24.6M	$46.5M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009053	−0.072%	$8.4M	$56.3M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009050	−0.105%	$18K	$26K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.009052	−0.083%	$3.7M	$17.9M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009058	−0.016%	$12.2M	$12.3M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009054	−0.061%	$5.1M	$10.5M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009061	+0.017%	$8.7M	$14.3M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.009055	−0.049%	—	$3.6M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009051	−0.094%	$302K	$366K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009040	−0.213%	$912K	$1.2M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009070	+0.116%	$474K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009053	−0.072%	$82K	$247K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009057	−0.027%	$23K	$357K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009270	+2.324%	$3K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009055	−0.049%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009070	+0.116%	$93K	$368K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009046	−0.154%	$185K	$740K	10x	as long as short
Aevo PENGU-PERPshort	+0.0104%	1h	0.009055	−0.049%	$209K	—	3x
Hyperliquid PENGU	+0.0148%	1h	0.009066	+0.072%	$9.8M	$17.0M	5x	as long as short
Reya PENGURUSDPERP	+0.0241%	1h	0.009048	−0.127%	$306	—	10x	as long as short
01 Exchange PENGUUSD	+0.0272%	1h	0.009057	−0.027%	$207	$141	5x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009052	−0.083%	$1.6M	$5.3M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0433% / S −0.0357%	1h	0.009062	+0.028%	$105K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2136%	1h	0.009222	+1.794%	$84K	$95K	50x	as long as short