PENGU

Alert

Funding spread now, next payment 18:00 UTC−0.0187%/8h

paid, last 24h−0.014%paid, last 7 days−0.097%to open and close $10k−$83

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.097% in total (about -5.0% 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	Kraken Futures PF_PENGUUSD	0.008663	0.0287	pay 0.0036% / 1h	58m 53s	$357K	$854K	50x
Short	Binance PENGUUSDT	0.008664	0.0100	get 0.0050% / 4h	2h 58m	$36.8M	$125.5M	75x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee BinancebpOrdersRate

Funding earned: −$39.31
Slippage, 4 orders: −$63.07
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$122.38
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 46 min ago; Binance: live order book, 1 min ago.

Price risk

price view

Price gap now: +0.013%
Avg gap 7d: −0.099%

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 Kraken Futures live order book, 46 min ago	13.38 bp	46.7 bp −$47	64.2 bp −$642	doesn't fit	doesn't fit
Sell Binance live order book, 1 min ago	0.58 bp	9.9 bp −$10	18.5 bp −$185	67.4 bp −$6,742	doesn't fit

PENGU on 33 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Backpack PENGU_USDC_PERP	−0.0381%	1h	$307K	$309K	10x	as long as short
Gate PENGU_USDT	−0.0074%	4h	$3.6M	$12.4M	75x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	$19K	$7K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	$33K	—	150x	as long as short
01 Exchange PENGUUSD	+0.0088%	1h	$167	$28	5x	as long as short
Lighter PENGU	+0.0096%	1h	$308K	$476K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0098%	4h	$16K	$184K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	$635K	$664K	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	$9.7M	$9.5M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	$205K	$380K	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Pacifica PENGU	+0.0100%	1h	$203K	$130K	5x	as long as short
Binance PENGUUSDTshort	+0.0100%	4h	$36.8M	$125.5M	75x
Bybit PENGUUSDT	+0.0100%	4h	$22.1M	$26.6M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	$7.7M	$39.8M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	$19K	$23K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	$11.3M	$10.3M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	$5.2M	$6.9M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	$8.4M	$9.4M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	—	$2.3M	—	as long as short
Variational Omni PENGU	+0.0100%	4h	$769K	$509K	—	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	$79K	$253K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	$3K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	$966	$14K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	$100K	$217K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	$178K	$676K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	$200K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0235%	1h	$292	—	10x	as long as short
Kraken Futures PF_PENGUUSDlong	+0.0287%	1h	$357K	$854K	50x
BloFin PENGU-USDT	+0.0340%	4h	$1.5M	$1.5M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0495% / S −0.0683%	1h	$109K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2968%	1h	$93K	$127K	50x	as long as short
Injective PENGU/USDC PERP	+0.4551%	1h	$3K	$51K	5.5x	as long as short
dYdX PENGU-USD	+0.6496%	1h	$11K	$5K	5x	as long as short