PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0538%/8h= −58.9% APRnext payment −$0.67 per $10,000 · paid last 24h −0.036%

Price spread now: gTrade (Gains Network) against Kraken Futures−0.069%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 gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 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 −$16 a day on $10k at the current rate, and gTrade (Gains Network) is 0.069% cheaper against Kraken Futures than usual: you would sell low and buy high (−$7 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	0.009023	0.0541	pay 0.0068% / 1h	57m 51s	$336K	$2.5M	50x
Short	gTrade (Gains Network) PENGU/USD	0.009016	L +0.0007% / S −0.0003%	get 0.0000% / 1h	57m 51s	$33K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.069%Rate

Funding earned: −$113.03
Price spread: −0.069% → 0.000%: −$6.92
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$139.96
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 1 min ago; gTrade (Gains Network): 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, 1 min ago	5.54 bp	24.0 bp −$24	56.5 bp −$565	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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
gTrade (Gains Network) PENGU/USDshort	L +0.0007% / S −0.0003%	1h	0.009016	−0.069%	$33K	—	150x
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−2.590%	$3K	$117K	5.5x	as long as short
dYdX PENGU-USD	+0.0051%	1h	0.009011	−0.127%	$12K	$6K	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.009004	−0.207%	$323K	$769K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009010	−0.135%	$635K	$1.1M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.009007	−0.173%	$9.0M	$16.3M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009017	−0.057%	$142K	$716K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009012	−0.118%	$136K	$264K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009007	−0.171%	$39.2M	$190.3M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008994	−0.318%	$24.1M	$44.6M	75x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008997	−0.284%	$8.0M	$54.6M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009020	−0.029%	$18K	$25K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.009004	−0.207%	$3.6M	$17.4M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009010	−0.140%	$10.9M	$12.9M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009016	−0.074%	$5.0M	$10.2M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009004	−0.207%	$8.7M	$14.0M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.009012	−0.118%	—	$3.8M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009015	−0.085%	$294K	$368K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009035	+0.136%	$921K	$1.1M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009042	+0.220%	$474K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009045	+0.248%	$79K	$252K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009014	−0.096%	$23K	$251K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009231	+2.309%	$3K	$2.2M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009016	−0.074%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009039	+0.181%	$93K	$404K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009010	−0.140%	$185K	$523K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009009	−0.151%	$208K	—	3x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0194%	1h	0.009020	−0.029%	$1K	$29K	10x	as long as short
Reya PENGURUSDPERP	+0.0240%	1h	0.009007	−0.177%	$304	—	10x	as long as short
01 Exchange PENGUUSD	+0.0280%	1h	0.009017	−0.063%	$206	$41	5x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009035	+0.137%	$1.6M	$4.9M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0442% / S −0.0368%	1h	0.009017	−0.063%	$106K	—	100x	as long as short
Kraken Futures PF_PENGUUSDlong	+0.0541%	1h	0.009023	long leg	$336K	$2.5M	50x
Coinbase International PENGU-PERP-INTX	+0.1928%	1h	0.009135	+1.245%	$80K	$70K	50x	as long as short