PENGU

Alert

Funding spread now, next payment 20:00 UTC−0.0424%/8h

next payment, per $10,000−$2.12paid, last 24h−0.006%paid, last 7 days−0.096%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 -0.096% in total (about -5.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.12 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	KuCoin PENGUUSDTM	0.008847	0.0100	pay 0.0050% / 4h	3h 51m	$5.1M	$6.8M	75x
Short	Gate PENGU_USDT	0.008804	−0.0324	pay 0.0162% / 4h	3h 51m	$3.9M	$10.6M	75x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee GatebpOrdersRate

Funding earned: −$89.04
Slippage, 4 orders: −$46.21
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$162.25
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Gate: live order book, 3 min ago.

Price risk

price view

Price gap now: −0.486%
Avg gap 7d: −0.014%

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 KuCoin live order book, 3 min ago	3.98 bp	18.3 bp −$18	47.4 bp −$474	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	3.98 bp	14.1 bp −$14	90.4 bp −$904	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	−0.0324%	4h	$3.9M	$10.6M	75x
dYdX PENGU-USD	0.0000%	1h	$10K	$1K	5x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	$21K	$6K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	$34K	—	150x	as long as short
Lighter PENGU	+0.0096%	1h	$310K	$444K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	$22K	$179K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	$654K	$599K	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	$179K	$369K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	$207K	$126K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	$38.0M	$117.8M	75x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit PENGUUSDT	+0.0100%	4h	$22.8M	$24.1M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	$7.8M	$38.6M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	$19K	$25K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	$12.4M	$10.3M	125x	as long as short
KuCoin PENGUUSDTMlong	+0.0100%	4h	$5.1M	$6.8M	75x
Bitget PENGUUSDT	+0.0100%	4h	$8.7M	$8.7M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	—	$3.9M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	$309K	$283K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	$696K	$355K	—	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	$78K	$251K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	$2K	$1.9M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	$996	$14K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	$98K	$198K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	$191K	$668K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	$205K	$17K	3x	as long as short
Kraken Futures PF_PENGUUSD	+0.0119%	1h	$375K	$821K	50x	as long as short
01 Exchange PENGUUSD	+0.0184%	1h	$170	$28	5x	as long as short
Reya PENGURUSDPERP	+0.0235%	1h	$299	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	$1.5M	$1.5M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0494% / S −0.0539%	1h	$115K	—	100x	as long as short
Hyperliquid PENGU	+0.1024%	1h	$10.8M	$8.2M	5x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2912%	1h	$95K	$137K	50x	as long as short
Injective PENGU/USDC PERP	+0.5000%	1h	$3K	$91K	5.5x	as long as short