PENGU

Alert

Funding spread now, next payment 17:00 UTC+0.4900%/8h

paid, last 24h−0.024%paid, last 7 days+0.144%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.144% in total (about 7.5% 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	0.008664	0.0100	pay 0.0050% / 4h	3h 15m	$7.6M	$39.9M	50x
Short	Injective PENGU/USDC PERP	0.008792	0.5000	get 0.0625% / 1h	15m 12s	$3K	$91K	5.5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee InjectivebpOrdersRate

Funding earned: $1,029
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,018.98
Break-even: 0.1 days

Slippage unknown: OKX: live order book, 5 min ago; Injective: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +1.477%
Avg gap 7d: —

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, 5 min ago	0.58 bp	10.3 bp −$10	27.0 bp −$270	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Gate PENGU_USDT	−0.0200%	4h	$3.7M	$12.5M	75x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	$19K	$7K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	$33K	—	150x	as long as short
Lighter PENGU	+0.0096%	1h	$309K	$474K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0098%	4h	$16K	$184K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	$639K	$663K	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	$177K	$342K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	$203K	$129K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	$36.9M	$125.7M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	$22.2M	$26.6M	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	$7.6M	$39.9M	50x
Arcus PENGU-USD	+0.0100%	1h	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	$11.4M	$10.9M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	$5.2M	$7.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	$8.4M	$9.4M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	$307K	$308K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	$748K	$493K	—	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	$79K	$253K	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	$974	$14K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	$100K	$221K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	$178K	$679K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	$200K	$17K	3x	as long as short
Kraken Futures PF_PENGUUSD	+0.0122%	1h	$361K	$859K	50x	as long as short
01 Exchange PENGUUSD	+0.0232%	1h	$167	$28	5x	as long as short
Reya PENGURUSDPERP	+0.0235%	1h	$293	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	$1.6M	$1.5M	75x	as long as short
Hyperliquid PENGU	+0.0468%	1h	$9.7M	$9.5M	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0492% / S −0.0660%	1h	$109K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2912%	1h	$92K	$130K	50x	as long as short
Injective PENGU/USDC PERPshort	+0.5000%	1h	$3K	$91K	5.5x
dYdX PENGU-USD	+0.8858%	1h	$11K	$5K	5x	as long as short