PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0256%/8h= +28.1% APRnext payment +$1.28 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Variational Omni−0.118%7-day average +0.024% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.013%+$1 on $10k

Price spread, last 3 days (all we have)−0.016%−$2 · spread now −0.118%, 7d avg +0.024%

Together, before fees−0.004%+ Points / potential airdropVariational Omni: Active · farm board$0 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.142% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.118% now, against its 7-day average of +0.024%). If the spread goes back, that is −$14 on $10k: about 44 hours of funding at the current rate (+$8 a day). At the pace of the last 3 days (+0.013% in total) that is about 36 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.013% in total (about 1.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.28 per $10,000. 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	Variational Omni PENGU	0.008825	−0.0156	get 0.0078% / 4h	49m 15s	$804K	$802K	—
Short	Binance PENGUUSDT	0.008815	0.0100	get 0.0050% / 4h	49m 15s	$36.6M	$153.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee BinancebpOrdersPrice spread, now −0.118%Rate

Funding earned: $53.85
Price spread: −0.118% → +0.024%: −$14.17
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: $29.68
Costs to cover: 0.100%
Break-even: 3.1 days

Slippage unknown: Variational Omni: RFQ quote, 30 min ago; Binance: live order book, 9 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 30 min ago	3.98 bp	doesn't fit	19.9 bp −$199	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.57 bp	7.3 bp −$7	16.6 bp −$166	62.2 bp −$6,223	doesn't fit

PENGU on 34 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_PENGUUSD	−0.0339%	1h	0.008823	−0.025%	$371K	$2.3M	50x	as long as short
Gate PENGU_USDT	−0.0250%	4h	0.008818	−0.084%	$3.4M	$15.6M	75x	as long as short
Bybit PENGUUSDT	−0.0226%	4h	0.008808	−0.197%	$22.9M	$36.5M	75x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0204%	1h	0.008813	−0.140%	$19K	$9K	10x	as long as short
Variational Omni PENGUlong	−0.0156%	4h	0.008825	long leg	$804K	$802K	—
01 Exchange PENGUUSD	−0.0120%	1h	0.008816	−0.106%	$202	$59	5x	as long as short
Injective PENGU/USDC PERP	−0.0114%	1h	0.008789	−0.412%	$3K	$117K	5.5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008821	−0.055%	$34K	—	150x	as long as short
dYdX PENGU-USD	+0.0037%	1h	0.008826	+0.006%	$12K	$4K	5x	as long as short
Nado PENGU-PERP	+0.0072%	1h	0.008821	−0.044%	$689K	$762K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter PENGU	+0.0096%	1h	0.008818	−0.084%	$308K	$740K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008812	−0.152%	$23K	$186K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008817	−0.095%	$8.5M	$15.3M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008825	−0.003%	$191K	$467K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008823	−0.027%	$152K	$239K	5x	as long as short
Binance PENGUUSDTshort	+0.0100%	4h	0.008815	−0.118%	$36.6M	$153.8M	75x
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008815	−0.118%	$7.6M	$47.3M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008820	−0.061%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008816	−0.106%	$12.6M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008823	−0.027%	$4.8M	$8.9M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008815	−0.118%	$8.4M	$12.6M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008820	−0.061%	—	$3.9M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008819	−0.072%	$315K	$308K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008826	+0.004%	$462K	$2.2M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008833	+0.086%	$80K	$254K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009032	+2.341%	$2K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008811	−0.163%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008841	+0.177%	$92K	$250K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008809	−0.181%	$182K	$622K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008815	−0.118%	$204K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008814	−0.135%	$298	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008810	−0.174%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0511% / S −0.0711%	1h	0.008820	−0.061%	$115K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2688%	1h	0.008850	+0.279%	$94K	$104K	50x	as long as short