PENGU

Alert

Funding spread now, next payment 18:00 UTC−0.0429%/8h

paid, last 24h−0.021%paid, last 7 days−0.178%to open and close $10k−$73

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.178% in total (about -9.3% 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	0.008656	0.0287	pay 0.0036% / 1h	18m 01s	$364K	$855K	50x
Short	Gate PENGU_USDT	0.008640	−0.0142	pay 0.0071% / 4h	2h 18m	$3.6M	$12.9M	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 GatebpOrdersRate

Funding earned: −$90.18
Slippage, 4 orders: −$47.55
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$162.73
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 22 min ago; Gate: live order book, 2 min ago.

Price risk

price view

Price gap now: −0.185%
Avg gap 7d: −0.097%

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, 22 min ago	10.43 bp	22.7 bp −$23	37.2 bp −$372	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	3.47 bp	16.3 bp −$16	50.1 bp −$501	doesn't fit	doesn't fit

PENGU on 33 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate PENGU_USDTshort	−0.0142%	4h	$3.6M	$12.9M	75x
dYdX PENGU-USD	0.0000%	1h	$11K	$5K	5x	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
Lighter PENGU	+0.0096%	1h	$309K	$485K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0098%	4h	$16K	$182K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	$9.8M	$11.8M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	$205K	$345K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	$204K	$133K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	$36.6M	$127.8M	75x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit PENGUUSDT	+0.0100%	4h	$22.0M	$27.0M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	$7.8M	$39.9M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	$19K	$23K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	$11.4M	$10.9M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	$5.1M	$7.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	$8.4M	$9.7M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	—	$4.0M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	$306K	$306K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	$773K	$528K	—	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	$79K	$252K	50x	as long as short
Nado PENGU-PERP	+0.0100%	1h	$637K	$677K	5x	as long as short
SunX PENGU-USDT	+0.0100%	4h	$3K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	$979	$14K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	$100K	$207K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	$178K	$678K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	$200K	$17K	3x	as long as short
01 Exchange PENGUUSD	+0.0192%	1h	$167	$28	5x	as long as short
Reya PENGURUSDPERP	+0.0236%	1h	$292	—	10x	as long as short
Kraken Futures PF_PENGUUSDlong	+0.0287%	1h	$364K	$855K	50x
BloFin PENGU-USDT	+0.0340%	4h	$1.5M	$1.5M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0492% / S −0.0678%	1h	$109K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2968%	1h	$93K	$128K	50x	as long as short
Injective PENGU/USDC PERP	+0.4551%	1h	$3K	$51K	5.5x	as long as short