PENGU

Alert

Funding spread now, next payment 14:00 UTC−0.0275%/8h

paid, last 24h+0.006%paid, last 7 days−0.171%to open and close $10k−$61

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.171% in total (about -8.9% 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	0.008343	0.0375	pay 0.0047% / 1h	34m 55s	$375K	$702K	50x
Short	Bybit PENGUUSDT	0.008331	0.0100	get 0.0050% / 4h	2h 34m	$20.4M	$19.3M	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 BybitbpOrdersRate

Funding earned: −$57.82
Slippage, 4 orders: −$40.43
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$119.25
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 25 min ago; Bybit: live order book, 5 min ago.

Price risk

price view

Price gap now: −0.150%
Avg gap 7d: −0.123%

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, 25 min ago	6.60 bp	21.7 bp −$22	52.2 bp −$522	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.60 bp	11.7 bp −$12	31.5 bp −$315	184.8 bp −$18.5K	doesn't fit

PENGU on 33 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit PENGU_USDC-PERPETUAL	−0.0110%	1h	$22K	$3K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	$3K	$153K	5.5x	as long as short
Orderly PERP_PENGU_USDC	+0.0094%	4h	$16K	$172K	20x	as long as short
Lighter PENGU	+0.0096%	1h	$277K	$238K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	$213K	$246K	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	$166K	$299K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	$194K	$121K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	$35.3M	$91.0M	75x	as long as short
Bybit PENGUUSDTshort	+0.0100%	4h	$20.4M	$19.3M	75x

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX PENGU-USDT-SWAP	+0.0100%	4h	$7.1M	$29.5M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	$4K	$31K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	$3.4M	$6.6M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	$11.9M	$8.2M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	$4.8M	$6.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	$8.4M	$7.1M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	$287K	$251K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	$704K	$253K	—	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	$72K	$252K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	$2K	$1.5M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	$926	$14K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	$93K	$202K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	$160K	$635K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	$193K	$17K	3x	as long as short
01 Exchange PENGUUSD	+0.0184%	1h	$161	$28	5x	as long as short
Reya PENGURUSDPERP	+0.0234%	1h	$281	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	$1.4M	$730K	75x	as long as short
Kraken Futures PF_PENGUUSDlong	+0.0375%	1h	$375K	$702K	50x
GMX PENGU/USD [WBTC.b-USDC]	L +0.0397% / S −0.0388%	1h	$86K	—	100x	as long as short
Hyperliquid PENGU	+0.0514%	1h	$8.6M	$5.2M	5x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1152%	1h	$84K	$194K	50x	as long as short
dYdX PENGU-USD	+0.1805%	1h	$10K	$998	5x	as long as short