data as of
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Funding arb /

PENGU

all PENGU markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 15:00 UTC−0.0087%/8h
next payment, per $10,000−$0.11paid, last 24h−0.023%paid, last 3 days+0.140%to open and close $10k−$37
Long on NadoShort on Backpack
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado PENGU-PERP0.0082570.0100pay 0.0012% / 1h49m 57s$207K$267K5x
ShortBackpack PENGU_USDC_PERP0.0082490.0013get 0.0002% / 1h49m 57s$284K$255K10x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$18.3
Slippage, 4 orders
−$19.67
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$54.97
Break-even
never at this rate
Slippage from Nado: live order book, 4 min ago; Backpack: live order book, 5 min ago.

Price risk

price view
Price gap now
−0.100%
Avg gap 7d
−0.031%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy Nado live order book, 4 min ago3.05 bp10.8 bp −$1136.5 bp −$365doesn't fitdoesn't fit
Sell Backpack live order book, 5 min ago0.61 bp7.8 bp −$8doesn't fitdoesn't fitdoesn't fit

PENGU on 32 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Deribit PENGU_USDC-PERPETUAL−0.0113%1h$21K$4K10xas long as short
ApeX Omni PENGUUSDT−0.0002%1h$70K$251K50xas long as short
gTrade (Gains Network) PENGU/USDL +0.0007% / S −0.0003%1h$32K—150xas long as short
Backpack PENGU_USDC_PERPshort+0.0013%1h$284K$255K10x
Injective PENGU/USDC PERP+0.0033%1h$3K$116K5.5xas long as short
Orderly PERP_PENGU_USDC+0.0096%4h$16K$174K20xas long as short
Lighter PENGU+0.0096%1h$316K$384K8xas long as short
Nado PENGU-PERPlong+0.0100%1h$207K$267K5x
Hyperliquid PENGU+0.0100%1h$8.2M$5.9M5xas long as short
Aster PENGUUSDT+0.0100%4h$168K$307K20xas long as short
Show all 32 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Pacifica PENGU+0.0100%1h$192K$121K5xas long as short
Binance PENGUUSDT+0.0100%4h$34.9M$95.0M75xas long as short
Bybit PENGUUSDT+0.0100%4h$20.2M$19.8M75xas long as short
OKX PENGU-USDT-SWAP+0.0100%4h$6.9M$30.2M50xas long as short
Arcus PENGU-USD+0.0100%1h$4K$31K5xas long as short
Gate PENGU_USDT+0.0100%4h$3.3M$7.3M75xas long as short
MEXC PENGU_USDT+0.0100%4h$11.7M$8.6M125xas long as short
KuCoin PENGUUSDTM+0.0100%4h$4.6M$6.3M75xas long as short
Bitget PENGUUSDT+0.0100%4h$8.2M$7.3M75xas long as short
BingX PENGU-USDT+0.0100%4h—$3.6M—as long as short
Variational Omni PENGU+0.0100%4h$659K$284K—as long as short
SunX PENGU-USDT+0.0100%4h$3K$1.6M10xas long as short
SoDEX PENGU-USD+0.0100%1h$923$14K5xas long as short
HTX PENGU-USDT+0.0100%4h$92K$181K25xas long as short
Extended PENGU-USD+0.0104%1h$158K$638K10xas long as short
Aevo PENGU-PERP+0.0104%1h$191K$17K3xas long as short
Reya PENGURUSDPERP+0.0234%1h$279—10xas long as short
BloFin PENGU-USDT+0.0340%4h$1.4M$787K75xas long as short
GMX PENGU/USD [WBTC.b-USDC]L +0.0385% / S −0.0369%1h$82K—100xas long as short
Kraken Futures PF_PENGUUSD+0.0657%1h$347K$787K50xas long as short
Coinbase International PENGU-PERP-INTX+0.2088%1h$84K$193K50xas long as short
dYdX PENGU-USD+0.2767%1h$10K$9985xas long as short