PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0188%/8h= +20.6% APRnext payment +$0.24 per $10,000 · paid last 24h +0.009%

Price spread now: 01 Exchange against Kraken Futures−0.157%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 01 Exchange

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

Funding pays, the price is against you. 01 Exchange is 0.157% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.157% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 2.8 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_PENGUUSD	0.008794	−0.0340	get 0.0043% / 1h	42m 03s	$370K	$2.3M	50x
Short	01 Exchange PENGUUSD	0.008780	−0.0152	pay 0.0019% / 1h	42m 03s	$201	$59	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.157%Rate

Funding earned: $39.57
Price spread: −0.157% → 0.000%: −$15.66
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $6.91
Costs to cover: 0.170%
Break-even: 5.8 days

Slippage unknown: Kraken Futures: live order book, 2 min ago; 01 Exchange: 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, 2 min ago	2.27 bp	20.4 bp −$20	45.4 bp −$454	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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	−0.0433%	1h	0.008785	−0.100%	$19K	$9K	10x	as long as short
Kraken Futures PF_PENGUUSDlong	−0.0340%	1h	0.008794	long leg	$370K	$2.3M	50x
Gate PENGU_USDT	−0.0248%	4h	0.008782	−0.134%	$3.4M	$15.6M	75x	as long as short
Bybit PENGUUSDT	−0.0223%	4h	0.008775	−0.213%	$22.8M	$36.6M	75x	as long as short
Variational Omni PENGU	−0.0154%	4h	0.008831	+0.428%	$806K	$802K	—	as long as short
01 Exchange PENGUUSDshort	−0.0152%	1h	0.008780	−0.157%	$201	$59	5x
Injective PENGU/USDC PERP	−0.0114%	1h	0.008789	−0.054%	$3K	$117K	5.5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008788	−0.071%	$33K	—	150x	as long as short
Backpack PENGU_USDC_PERP	+0.0034%	1h	0.008783	−0.122%	$313K	$308K	10x	as long as short
dYdX PENGU-USD	+0.0045%	1h	0.008806	+0.143%	$12K	$4K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado PENGU-PERP	+0.0054%	1h	0.008785	−0.105%	$687K	$761K	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008788	−0.066%	$307K	$740K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008787	−0.077%	$23K	$186K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008786	−0.088%	$8.5M	$15.3M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008793	−0.013%	$190K	$468K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008793	−0.009%	$152K	$239K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008780	−0.157%	$36.5M	$154.1M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008784	−0.111%	$7.6M	$47.2M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008790	−0.043%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008783	−0.122%	$12.5M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008787	−0.077%	$4.8M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008790	−0.043%	$8.4M	$12.6M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008775	−0.213%	—	$2.3M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008830	+0.413%	$462K	$2.2M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008839	+0.514%	$80K	$254K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008995	+2.288%	$2K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008782	−0.134%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008811	+0.196%	$92K	$249K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008780	−0.151%	$181K	$622K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008785	−0.100%	$203K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008783	−0.122%	$297	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008805	+0.128%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0510% / S −0.0711%	1h	0.008787	−0.077%	$115K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2688%	1h	0.008850	+0.639%	$94K	$104K	50x	as long as short