PENGU

Alert

Funding spread now, next payment 15:00 UTC−0.0172%/8h

paid, last 24h−0.036%paid, last 7 days−0.023%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_PENGU_USDC	0.008238	0.0096	pay 0.0048% / 4h	1h 54m	$16K	$174K	20x
Short	Backpack PENGU_USDC_PERP	0.008240	−0.0076	pay 0.0010% / 1h	54m 44s	$284K	$255K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee BackpackbpOrdersRate

Funding earned: −$36.14
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$52.14
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Backpack: live order book, 65 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.024%
Avg gap 7d: −0.004%

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 Orderly no order-book sample	—	—	—	—	—
Sell Backpack live order book, 65 min ago	0.60 bp	7.4 bp −$7	doesn't fit	doesn't fit	doesn't fit

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 32 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit PENGU_USDC-PERPETUAL	−0.0357%	1h	$21K	$4K	10x	as long as short
Backpack PENGU_USDC_PERPshort	−0.0076%	1h	$284K	$255K	10x
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
Lighter PENGU	+0.0096%	1h	$318K	$380K	8x	as long as short
Orderly PERP_PENGU_USDClong	+0.0096%	4h	$16K	$174K	20x
Nado PENGU-PERP	+0.0100%	1h	$207K	$261K	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	$8.2M	$5.8M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	$167K	$305K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	$192K	$121K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Binance PENGUUSDT	+0.0100%	4h	$34.8M	$93.8M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	$20.2M	$19.8M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	$6.9M	$30.1M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	$4K	$31K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	$3.3M	$7.0M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	$11.7M	$8.4M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	$4.6M	$6.3M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	$8.2M	$7.3M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	—	$2.3M	—	as long as short
Variational Omni PENGU	+0.0100%	4h	$664K	$285K	—	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	$71K	$251K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	$3K	$1.6M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	$918	$14K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	$92K	$181K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	$159K	$638K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	$190K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0234%	1h	$278	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	$1.4M	$783K	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0385% / S −0.0369%	1h	$82K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0657%	1h	$347K	$774K	50x	as long as short
dYdX PENGU-USD	+0.1063%	1h	$10K	$998	5x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2088%	1h	$84K	$193K	50x	as long as short