PENGU

Alert

Funding spread now, next payment 16:00 UTC−0.0004%/8h

next payment, per $10,000−$0.02paid, last 24h−0.002%paid, last 7 days−0.018%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PENGUUSDTM	0.008510	0.0100	pay 0.0050% / 4h	38m 09s	$4.7M	$6.6M	75x
Short	Orderly PERP_PENGU_USDC	0.008512	0.0096	get 0.0048% / 4h	38m 09s	$21K	$179K	20x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee OrderlybpOrdersRate

Funding earned: −$0.91
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$18.91
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 6 min ago; Orderly: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.024%
Avg gap 7d: −0.047%

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, 6 min ago	4.05 bp	23.9 bp −$24	71.0 bp −$710	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 33 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit PENGU_USDC-PERPETUAL	−0.0337%	1h	$21K	$4K	10x	as long as short
Backpack PENGU_USDC_PERP	−0.0097%	1h	$298K	$268K	10x	as long as short
01 Exchange PENGUUSD	−0.0048%	1h	$164	$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	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	$3K	$116K	5.5x	as long as short
Orderly PERP_PENGU_USDCshort	+0.0096%	4h	$21K	$179K	20x
Lighter PENGU	+0.0096%	1h	$296K	$442K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	$218K	$301K	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	$8.2M	$6.6M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster PENGUUSDT	+0.0100%	4h	$172K	$320K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	$200K	$124K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	$36.4M	$106.9M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	$21.4M	$21.7M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	$7.4M	$34.3M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	$3K	$9K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	$3.7M	$9.2M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	$11.8M	$9.4M	125x	as long as short
KuCoin PENGUUSDTMlong	+0.0100%	4h	$4.7M	$6.6M	75x
Bitget PENGUUSDT	+0.0100%	4h	$8.5M	$8.0M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	—	$3.7M	—	as long as short
Variational Omni PENGU	+0.0100%	4h	$667K	$326K	—	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	$75K	$250K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	$3K	$1.8M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	$962	$14K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	$95K	$183K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	$189K	$665K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	$197K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0235%	1h	$288	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	$1.5M	$898K	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0388% / S −0.0366%	1h	$84K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0533%	1h	$362K	$790K	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2520%	1h	$90K	$192K	50x	as long as short