PENGU

Alert

Funding spread now, next payment 15:00 UTC+0.0308%/8h

next payment, per $10,000+$0.39paid, last 24h−0.022%paid, last 3 days+0.178%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange PENGUUSD	0.008504	−0.0208	get 0.0026% / 1h	5m 24s	$164	$28	5x
Short	Backpack PENGU_USDC_PERP	0.008529	0.0100	get 0.0013% / 1h	5m 24s	$294K	$257K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee 01 ExchangebpFee BackpackbpOrdersRate

Funding earned: $64.68
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Backpack: 5 bp × 2 orders: −$10
Net: $47.68
Break-even: 1.8 days

Slippage unknown: 01 Exchange: no order-book sample; Backpack: live order book, 50 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.294%
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 01 Exchange no order-book sample	—	—	—	—	—
Sell Backpack live order book, 50 min ago	0.61 bp	7.8 bp −$8	doesn't fit	doesn't fit	doesn't fit

01 Exchange: 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
01 Exchange PENGUUSDlong	−0.0208%	1h	$164	$28	5x
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	$21K	$4K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	$33K	—	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	$299K	$438K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0096%	4h	$16K	$175K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	$218K	$275K	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	$8.2M	$6.2M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	$169K	$314K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	$199K	$122K	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Binance PENGUUSDT	+0.0100%	4h	$36.4M	$98.8M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	$21.1M	$20.2M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	$7.2M	$31.8M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	$4K	$8K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	$3.6M	$7.9M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	$11.8M	$8.9M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	$4.7M	$6.5M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	$8.4M	$7.5M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERPshort	+0.0100%	1h	$294K	$257K	10x
Variational Omni PENGU	+0.0100%	4h	$684K	$284K	—	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	$73K	$250K	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	$958	$14K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	$95K	$180K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	$163K	$638K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	$197K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0235%	1h	$287	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	$1.5M	$840K	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0385% / S −0.0362%	1h	$84K	—	100x	as long as short
dYdX PENGU-USD	+0.0534%	1h	$10K	$998	5x	as long as short
Kraken Futures PF_PENGUUSD	+0.0635%	1h	$366K	$762K	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2088%	1h	$83K	$186K	50x	as long as short