PENGU

Alert

Funding spread now, next payment 17:00 UTC+0.0529%/8h

paid, last 24h+0.006%paid, last 7 days−0.026%to open and close $10k−$44

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.026% in total (about -1.3% a year). A funding rate is set anew for every payment. 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	OKX PENGU-USDT-SWAP	0.008774	0.0100	pay 0.0050% / 4h	3h 28m	$7.9M	$40.0M	50x
Short	Hyperliquid PENGU	0.008804	0.0629	get 0.0079% / 1h	28m 08s	$9.8M	$9.3M	5x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee HyperliquidbpOrdersRate

Funding earned: $111.1
Slippage, 4 orders: −$24.64
Fee OKX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $67.46
Break-even: 2.7 days

Slippage from OKX: live order book, 2 min ago; Hyperliquid: live order book, 6 min ago.

Price risk

price view

Price gap now: +0.342%
Avg gap 7d: +0.028%

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 OKX live order book, 2 min ago	0.57 bp	11.0 bp −$11	22.3 bp −$223	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 6 min ago	1.70 bp	16.9 bp −$17	doesn't fit	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
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	$20K	$7K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	$34K	—	150x	as long as short
Gate PENGU_USDT	+0.0038%	4h	$3.7M	$11.9M	75x	as long as short
Lighter PENGU	+0.0096%	1h	$313K	$470K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0098%	4h	$16K	$186K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	$640K	$629K	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	$181K	$338K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	$206K	$129K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	$37.7M	$124.6M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	$23.1M	$25.6M	75x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX PENGU-USDT-SWAPlong	+0.0100%	4h	$7.9M	$40.0M	50x
Arcus PENGU-USD	+0.0100%	1h	$19K	$25K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	$11.7M	$10.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	$5.1M	$7.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	$8.6M	$9.4M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	—	$4.1M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	$307K	$306K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	$697K	$374K	—	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	$81K	$252K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	$3K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	$978	$14K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	$96K	$210K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	$182K	$678K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	$203K	$17K	3x	as long as short
Kraken Futures PF_PENGUUSD	+0.0120%	1h	$368K	$853K	50x	as long as short
Reya PENGURUSDPERP	+0.0235%	1h	$297	—	10x	as long as short
01 Exchange PENGUUSD	+0.0248%	1h	$170	$28	5x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	$1.6M	$1.5M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0497% / S −0.0660%	1h	$111K	—	100x	as long as short
Hyperliquid PENGUshort	+0.0629%	1h	$9.8M	$9.3M	5x
Coinbase International PENGU-PERP-INTX	+0.2912%	1h	$95K	$133K	50x	as long as short
Injective PENGU/USDC PERP	+0.5000%	1h	$3K	$91K	5.5x	as long as short
dYdX PENGU-USD	+0.8020%	1h	$12K	$4K	5x	as long as short