PENGU

Alert

Funding spread now, next payment 15:00 UTC−0.0552%/8h

paid, last 24h0.000%paid, last 7 days−0.078%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 -0.078% in total (about -4.1% 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	0.008363	0.0648	pay 0.0081% / 1h	33m 07s	$355K	$779K	50x
Short	Orderly PERP_PENGU_USDC	0.008353	0.0097	get 0.0048% / 4h	1h 33m	$17K	$174K	20x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee OrderlybpOrdersRate

Funding earned: −$115.85
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$131.85
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 22 min ago; Orderly: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.115%
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, 22 min ago	12.14 bp	23.7 bp −$24	51.1 bp −$511	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 32 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	$21K	$4K	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	$116K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	$322K	$393K	8x	as long as short
Orderly PERP_PENGU_USDCshort	+0.0097%	4h	$17K	$174K	20x
Hyperliquid PENGU	+0.0100%	1h	$8.1M	$6.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	$170K	$308K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	$195K	$121K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	$35.6M	$95.6M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	$20.5M	$19.8M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX PENGU-USDT-SWAP	+0.0100%	4h	$7.0M	$30.5M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	$4K	$8K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	$3.5M	$7.6M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	$11.7M	$8.7M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	$4.6M	$6.3M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	$8.3M	$7.3M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	—	$3.5M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	$288K	$252K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	$667K	$285K	—	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	$72K	$251K	50x	as long as short
Nado PENGU-PERP	+0.0100%	1h	$209K	$269K	5x	as long as short
SunX PENGU-USDT	+0.0100%	4h	$3K	$1.6M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	$936	$14K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	$93K	$181K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	$160K	$638K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	$193K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0235%	1h	$282	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	$1.4M	$786K	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0382% / S −0.0362%	1h	$82K	—	100x	as long as short
Kraken Futures PF_PENGUUSDlong	+0.0648%	1h	$355K	$779K	50x
dYdX PENGU-USD	+0.1110%	1h	$10K	$998	5x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2088%	1h	$80K	$198K	50x	as long as short