PENGU

Alert

Funding spread now, next payment 18:00 UTC+0.4451%/8h

paid, last 24h+0.038%paid, last 3 days+0.276%to open and closeno order book

Long on Variational Omni Short on Injective

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.276% in total (about 32.9% 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	Variational Omni PENGU	0.008610	0.0100	pay 0.0050% / 4h	2h 34m	$763K	$519K	—
Short	Injective PENGU/USDC PERP	0.008792	0.4551	get 0.0569% / 1h	34m 51s	$3K	$51K	5.5x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee InjectivebpOrdersRate

Funding earned: $934.71
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $934.69
Break-even: 0.0 days

Slippage unknown: Variational Omni: RFQ quote, 6 min ago; Injective: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +2.112%
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 Variational Omni RFQ quote, 6 min ago	3.49 bp	doesn't fit	23.3 bp −$233	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
ApeX Omni PENGUUSDT	−0.0094%	1h	$79K	$253K	50x	as long as short
Gate PENGU_USDT	−0.0088%	4h	$3.6M	$12.8M	75x	as long as short
dYdX PENGU-USD	0.0000%	1h	$11K	$5K	5x	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	$310K	$480K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0098%	4h	$16K	$183K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	$632K	$674K	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	$9.6M	$11.6M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	$205K	$345K	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Pacifica PENGU	+0.0100%	1h	$202K	$130K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	$36.6M	$127.0M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	$22.0M	$26.8M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	$7.7M	$39.8M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	$19K	$23K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	$11.4M	$10.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	$5.2M	$7.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	$8.4M	$9.6M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	—	$4.1M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	$306K	$308K	10x	as long as short
Variational Omni PENGUlong	+0.0100%	4h	$763K	$519K	—
SunX PENGU-USDT	+0.0100%	4h	$3K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	$972	$14K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	$100K	$210K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	$178K	$676K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	$200K	$17K	3x	as long as short
01 Exchange PENGUUSD	+0.0136%	1h	$167	$28	5x	as long as short
Reya PENGURUSDPERP	+0.0236%	1h	$292	—	10x	as long as short
Kraken Futures PF_PENGUUSD	+0.0287%	1h	$366K	$856K	50x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	$1.5M	$1.5M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0493% / S −0.0678%	1h	$109K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2968%	1h	$93K	$128K	50x	as long as short
Injective PENGU/USDC PERPshort	+0.4551%	1h	$3K	$51K	5.5x