PENGU

Alert

Funding spread now, next payment 20:00 UTC−0.0002%/8h

next payment, per $10,000−$0.01paid, last 24h−0.002%paid, last 3 days+0.112%to open and closeno order book

Long on Variational Omni Short on Orderly

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni PENGU	0.008708	0.0100	pay 0.0050% / 4h	3h 24m	$678K	$389K	—
Short	Orderly PERP_PENGU_USDC	0.008679	0.0098	get 0.0049% / 4h	3h 24m	$16K	$186K	20x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee OrderlybpOrdersRate

Funding earned: −$0.48
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$6.48
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 21 min ago; Orderly: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.329%
Avg gap 7d: +0.032%

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, 21 min ago	3.93 bp	doesn't fit	30.9 bp −$309	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

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
Gate PENGU_USDT	−0.0038%	4h	$3.7M	$12.1M	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	$34K	—	150x	as long as short
Lighter PENGU	+0.0096%	1h	$310K	$471K	8x	as long as short
Orderly PERP_PENGU_USDCshort	+0.0098%	4h	$16K	$186K	20x
Aster PENGUUSDT	+0.0100%	4h	$179K	$342K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	$203K	$129K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	$37.2M	$125.1M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	$22.4M	$26.1M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	$7.7M	$39.7M	50x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Arcus PENGU-USD	+0.0100%	1h	$19K	$24K	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	$5.1M	$7.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	$8.5M	$9.3M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	$308K	$306K	10x	as long as short
Variational Omni PENGUlong	+0.0100%	4h	$678K	$389K	—
ApeX Omni PENGUUSDT	+0.0100%	1h	$80K	$253K	50x	as long as short
Nado PENGU-PERP	+0.0100%	1h	$626K	$631K	5x	as long as short
SunX PENGU-USDT	+0.0100%	4h	$2K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	$975	$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	$201K	$17K	3x	as long as short
Kraken Futures PF_PENGUUSD	+0.0121%	1h	$364K	$857K	50x	as long as short
Reya PENGURUSDPERP	+0.0235%	1h	$292	—	10x	as long as short
01 Exchange PENGUUSD	+0.0248%	1h	$167	$28	5x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	$1.6M	$1.5M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0493% / S −0.0660%	1h	$109K	—	100x	as long as short
Hyperliquid PENGU	+0.0556%	1h	$9.7M	$9.4M	5x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2912%	1h	$95K	$133K	50x	as long as short
Injective PENGU/USDC PERP	+0.5000%	1h	$3K	$91K	5.5x	as long as short
dYdX PENGU-USD	+1.0170%	1h	$11K	$4K	5x	as long as short