PENGU

Alert

Funding spread now, next payment 18:00 UTC+0.0249%/8h

next payment, per $10,000+$0.31paid, last 24h+0.026%paid, last 3 days+0.306%to open and closeno order book

Long on 01 Exchange Short on Kraken Futures

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange PENGUUSD	0.008588	0.0040	pay 0.0005% / 1h	56m 04s	$165	$28	5x
Short	Kraken Futures PF_PENGUUSD	0.008599	0.0289	get 0.0036% / 1h	56m 04s	$354K	$854K	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee 01 ExchangebpFee Kraken FuturesbpOrdersRate

Funding earned: $52.36
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $35.36
Break-even: 2.3 days

Slippage unknown: 01 Exchange: no order-book sample; Kraken Futures: live order book, 49 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.128%
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 Kraken Futures live order book, 49 min ago	13.38 bp	18.7 bp −$19	69.7 bp −$697	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
Backpack PENGU_USDC_PERP	−0.0205%	1h	$305K	$308K	10x	as long as short
Gate PENGU_USDT	−0.0058%	4h	$3.5M	$12.5M	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
01 Exchange PENGUUSDlong	+0.0040%	1h	$165	$28	5x
Lighter PENGU	+0.0096%	1h	$306K	$476K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0098%	4h	$16K	$184K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	$630K	$665K	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	$8.5M	$10.6M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster PENGUUSDT	+0.0100%	4h	$203K	$348K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	$201K	$130K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	$36.4M	$126.0M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	$21.9M	$26.7M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	$7.6M	$39.5M	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	$10.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	$5.1M	$7.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	$8.4M	$9.5M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	—	$4.1M	—	as long as short
Variational Omni PENGU	+0.0100%	4h	$769K	$509K	—	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	$79K	$253K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	$2K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	$960	$14K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	$99K	$217K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	$177K	$676K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	$199K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0235%	1h	$290	—	10x	as long as short
Kraken Futures PF_PENGUUSDshort	+0.0289%	1h	$354K	$854K	50x
BloFin PENGU-USDT	+0.0340%	4h	$1.5M	$1.5M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0489% / S −0.0676%	1h	$108K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2968%	1h	$93K	$127K	50x	as long as short
Injective PENGU/USDC PERP	+0.4551%	1h	$3K	$51K	5.5x	as long as short