Funding spread now, next payment 16:00 UTC−0.0496%/8h
next payment, per $10,000−$0.62paid, last 24h−0.031%paid, last 7 days+0.014%to open and closeno order book
The current rate is far above what this pair has been paying: over the last 7 days it paid 0.014% in total (about 0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.62 per $10,000. 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 | 0.008592 | 0.0529 | pay 0.0066% / 1h | 41m 23s | $362K | $784K | 50x |
| Short | Injective PENGU/USDC PERP | 0.009211 | 0.0033 | get 0.0004% / 1h | 41m 23s | $3K | $116K | 5.5x |
Kraken Futures PF_PENGUUSD
Injective PENGU/USDC PERPFunding history
latest
Range statsloading…
Funding on every exchange
click an exchange to add or hide itlatest
Profit calculator
- Funding earned
- −$104.09
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$114.11
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 8 min ago; Injective: no order-book sample. Net counts fees only.
Price risk
price view- Price gap now
- +7.207%
- Avg gap 7d
- −0.916%
A gap far from its average can cost days of funding.
Backtest
opened in the past, held until now, after costsCost 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, 8 min ago | 20.07 bp | 25.5 bp −$25 | 59.8 bp −$598 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 33 venues
lowest funding first. Swap a leg.| Exchange | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|
| Deribit PENGU_USDC-PERPETUAL | −0.0332% | 1h | $21K | $4K | 10x | as long as short |
| 01 Exchange PENGUUSD | −0.0064% | 1h | $166 | $28 | 5x | as long as short |
| dYdX PENGU-USD | 0.0000% | 1h | $10K | $1K | 5x | as long as short |
| gTrade (Gains Network) PENGU/USD | L +0.0007% / S −0.0003% | 1h | $33K | — | 150x | as long as short |
| Injective PENGU/USDC PERPshort | +0.0033% | 1h | $3K | $116K | 5.5x | |
| Backpack PENGU_USDC_PERP | +0.0091% | 1h | $299K | $266K | 10x | as long as short |
| Orderly PERP_PENGU_USDC | +0.0096% | 4h | $17K | $175K | 20x | as long as short |
| Lighter PENGU | +0.0096% | 1h | $299K | $442K | 8x | as long as short |
| Hyperliquid PENGU | +0.0100% | 1h | $8.3M | $6.5M | 5x | as long as short |
| Aster PENGUUSDT | +0.0100% | 4h | $173K | $318K | 20x | as long as short |
Deribit PENGU_USDC-PERPETUAL
dYdX PENGU-USD
gTrade (Gains Network) PENGU/USD
Backpack PENGU_USDC_PERP
Orderly PERP_PENGU_USDC
Lighter PENGU
Hyperliquid PENGU
Aster PENGUUSDT
Pacifica PENGU
Binance PENGUUSDT
Bybit PENGUUSDT
OKX PENGU-USDT-SWAP
Arcus PENGU-USD
Gate PENGU_USDT
MEXC PENGU_USDT
KuCoin PENGUUSDTM
Bitget PENGUUSDT
BingX PENGU-USDT
Variational Omni PENGU
ApeX Omni PENGUUSDT
Nado PENGU-PERP
SunX PENGU-USDT
SoDEX PENGU-USD
HTX PENGU-USDT
Extended PENGU-USD
Aevo PENGU-PERP
Reya PENGURUSDPERP
BloFin PENGU-USDT
GMX PENGU/USD [WBTC.b-USDC]
Coinbase International PENGU-PERP-INTX