PENGU

Alert

Funding spread now, next payment 16:00 UTC+0.0246%/8h

next payment, per $10,000+$1.23paid, last 24h+0.074%paid, last 7 days+0.473%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	0.008296	0.0094	pay 0.0047% / 4h	2h 32m	$16K	$172K	20x
Short	BloFin PENGU-USDT	0.008301	0.0340	get 0.0170% / 4h	2h 32m	$1.4M	$728K	75x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee BloFinbpOrdersRate

Funding earned: $51.76
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: $33.76
Break-even: 2.4 days

Slippage unknown: Orderly: no order-book sample; BloFin: live order book, 2 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.060%
Avg gap 7d: +0.037%

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 BloFin live order book, 2 min ago	0.60 bp	12.9 bp −$13	21.8 bp −$218	48.8 bp −$4,882	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 33 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit PENGU_USDC-PERPETUAL	−0.0232%	1h	$22K	$3K	10x	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	$153K	5.5x	as long as short
Orderly PERP_PENGU_USDClong	+0.0094%	4h	$16K	$172K	20x
Lighter PENGU	+0.0096%	1h	$276K	$238K	8x	as long as short
Aster PENGUUSDT	+0.0100%	4h	$165K	$299K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	$194K	$121K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	$35.1M	$91.2M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	$20.3M	$19.3M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	$7.0M	$29.4M	50x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Arcus PENGU-USD	+0.0100%	1h	$4K	$31K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	$3.4M	$6.7M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	$11.9M	$8.2M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	$4.8M	$6.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	$8.4M	$7.1M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	—	$3.5M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	$285K	$252K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	$704K	$253K	—	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	$72K	$252K	50x	as long as short
Nado PENGU-PERP	+0.0100%	1h	$212K	$246K	5x	as long as short
SunX PENGU-USDT	+0.0100%	4h	$2K	$1.5M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	$924	$14K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	$93K	$202K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	$159K	$635K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	$192K	$17K	3x	as long as short
01 Exchange PENGUUSD	+0.0184%	1h	$160	$28	5x	as long as short
Reya PENGURUSDPERP	+0.0234%	1h	$280	—	10x	as long as short
BloFin PENGU-USDTshort	+0.0340%	4h	$1.4M	$728K	75x
Kraken Futures PF_PENGUUSD	+0.0377%	1h	$373K	$700K	50x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0396% / S −0.0388%	1h	$85K	—	100x	as long as short
Hyperliquid PENGU	+0.0498%	1h	$8.6M	$5.2M	5x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1152%	1h	$84K	$194K	50x	as long as short
dYdX PENGU-USD	+0.1769%	1h	$10K	$998	5x	as long as short