PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0520%/8h= −56.9% APRnext payment −$0.65 per $10,000 · paid last 24h +0.002%

Price spread now: SoDEX against Kraken Futures−0.078%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 SoDEX

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 SoDEX is 0.078% cheaper against Kraken Futures than usual: you would sell low and buy high (−$8 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	0.008831	0.0620	pay 0.0077% / 1h	7m 32s	$323K	$2.4M	50x
Short	SoDEX PENGU-USD	0.008824	0.0100	get 0.0013% / 1h	7m 32s	$1K	$5K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.078%Rate

Funding earned: −$109.14
Price spread: −0.078% → 0.000%: −$7.84
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$134.98
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 1 min ago; SoDEX: 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	8.50 bp	25.3 bp −$25	57.3 bp −$573	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008827	−0.044%	$18K	$10K	10x	as long as short
Gate PENGU_USDT	+0.0002%	4h	0.008826	−0.056%	$3.3M	$16.5M	75x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008823	−0.091%	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.475%	$3K	$117K	5.5x	as long as short
dYdX PENGU-USD	+0.0058%	1h	0.008824	−0.079%	$12K	$5K	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008832	+0.012%	$321K	$754K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008814	−0.192%	$591K	$1.1M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008831	+0.001%	$8.4M	$15.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008838	+0.077%	$120K	$661K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008830	−0.010%	$135K	$273K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PENGUUSDT	+0.0100%	4h	0.008838	+0.076%	$37.5M	$173.6M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008825	−0.067%	$23.4M	$41.3M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008835	+0.046%	$7.6M	$49.9M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008840	+0.103%	$19K	$25K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008833	+0.023%	$10.7M	$12.7M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008824	−0.078%	$4.9M	$9.5M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008837	+0.069%	$8.5M	$13.1M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008829	−0.022%	—	$3.5M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008820	−0.124%	$289K	$330K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008857	+0.294%	$925K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008835	+0.043%	$468K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008904	+0.827%	$81K	$251K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008826	−0.056%	$23K	$125K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009037	+2.334%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USDshort	+0.0100%	1h	0.008824	−0.078%	$1K	$5K	5x
HTX PENGU-USDT	+0.0100%	4h	0.008836	+0.057%	$91K	$378K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008835	+0.045%	$182K	$869K	10x	as long as short
01 Exchange PENGUUSD	+0.0104%	1h	0.008844	+0.148%	$202	$64	5x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008819	−0.135%	$204K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008818	−0.148%	$298	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008835	+0.046%	$1.5M	$4.1M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0499% / S −0.0415%	1h	0.008821	−0.112%	$126K	—	100x	as long as short
Kraken Futures PF_PENGUUSDlong	+0.0620%	1h	0.008831	long leg	$323K	$2.4M	50x
Coinbase International PENGU-PERP-INTX	+0.2704%	1h	0.008954	+1.394%	$94K	$59K	50x	as long as short