PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0511%/8h= −55.9% APRnext payment −$0.64 per $10,000 · paid last 24h +0.002%

Price spread now: Arcus against Kraken Futures−0.466%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Arcus is 0.466% cheaper against Kraken Futures than usual: you would sell low and buy high (−$47 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_PENGUUSD	0.008962	0.0611	pay 0.0076% / 1h	19m 38s	$328K	$2.4M	50x
Short	Arcus PENGU-USD	0.008920	0.0100	get 0.0013% / 1h	19m 38s	$19K	$25K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now −0.466%Rate

Funding earned: −$107.24
Price spread: −0.466% → 0.000%: −$46.6
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$168.33
Costs to cover: 0.145%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 4 min ago; Arcus: no order-book sample. Net counts fees only.

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, 4 min ago	8.96 bp	17.0 bp −$17	54.5 bp −$545	doesn't fit	doesn't fit
Sell Arcus no order-book sample	—	—	—	—	—

Arcus: 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 34 venues

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
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008957	−0.053%	$19K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008950	−0.128%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−1.928%	$3K	$117K	5.5x	as long as short
Gate PENGU_USDT	+0.0040%	4h	0.008921	−0.455%	$3.3M	$16.5M	75x	as long as short
dYdX PENGU-USD	+0.0046%	1h	0.008928	−0.381%	$12K	$5K	5x	as long as short
01 Exchange PENGUUSD	+0.0088%	1h	0.008936	−0.287%	$204	$64	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008943	−0.209%	$326K	$752K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008923	−0.427%	$599K	$1.1M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008941	−0.232%	$8.5M	$15.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008933	−0.318%	$138K	$643K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PENGU	+0.0100%	1h	0.008925	−0.410%	$136K	$273K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008933	−0.321%	$37.9M	$172.6M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008923	−0.432%	$23.7M	$41.2M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008928	−0.377%	$7.8M	$50.2M	50x	as long as short
Arcus PENGU-USDshort	+0.0100%	1h	0.008920	−0.466%	$19K	$25K	5x
MEXC PENGU_USDT	+0.0100%	4h	0.008921	−0.455%	$10.9M	$12.7M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008938	−0.265%	$4.9M	$9.5M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008931	−0.343%	$8.6M	$13.0M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008931	−0.343%	—	$3.5M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008947	−0.165%	$299K	$328K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008908	−0.601%	$930K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008907	−0.615%	$474K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008925	−0.410%	$81K	$252K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008956	−0.064%	$23K	$109K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009167	+2.290%	$2K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008956	−0.064%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008966	+0.047%	$93K	$378K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008924	−0.421%	$184K	$943K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008949	−0.142%	$207K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008924	−0.425%	$301	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008911	−0.566%	$1.5M	$4.1M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0503% / S −0.0415%	1h	0.008951	−0.120%	$127K	—	100x	as long as short
Kraken Futures PF_PENGUUSDlong	+0.0611%	1h	0.008962	long leg	$328K	$2.4M	50x
Coinbase International PENGU-PERP-INTX	+0.2704%	1h	0.008982	+0.226%	$95K	$63K	50x	as long as short