PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0198%/8h= +21.7% APRnext payment +$0.25 per $10,000 · paid last 24h +0.001%

Price spread now: Extended against ApeX Omni−0.342%7-day average −0.096% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$470.467% of the position

Long on ApeX Omni Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.532%−$53 · spread now −0.342%, 7d avg −0.096%

Together, before fees−0.537%+ Points / potential airdropExtended: Active · farm board−$54 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.247% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.342% now, against its 7-day average of −0.096%). If the spread goes back, that is −$25 on $10k: about 4.2 days of funding at the current rate (+$6 a day).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.004% in total (about -0.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.25 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	ApeX Omni PENGUUSDT	0.008841	−0.0094	get 0.0012% / 1h	46m 57s	$81K	$249K	50x
Short	Extended PENGU-USD	0.008811	0.0104	get 0.0013% / 1h	46m 57s	$182K	$940K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 ApeX OmnibpFee ExtendedbpOrdersPrice spread, now −0.342%Rate

Funding earned: $41.55
Price spread: −0.342% → −0.096%: −$24.67
Slippage, 4 orders: −$31.66
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$29.78
Costs to cover: 0.467%
Break-even: 12.0 days

Slippage from ApeX Omni: live order book, 20 min ago; Extended: live order book, 21 min ago.

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 ApeX Omni live order book, 20 min ago	4.47 bp	13.3 bp −$13	96.5 bp −$965	doesn't fit	doesn't fit
Sell Extended live order book, 21 min ago	1.68 bp	10.6 bp −$11	45.8 bp −$458	doesn't fit	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
Nado PENGU-PERP	−0.0148%	1h	0.008828	−0.153%	$538K	$926K	5x	as long as short
ApeX Omni PENGUUSDTlong	−0.0094%	1h	0.008841	long leg	$81K	$249K	50x
Variational Omni PENGU	−0.0083%	4h	0.008816	−0.281%	$873K	$1.0M	—	as long as short
Gate PENGU_USDT	−0.0054%	4h	0.008821	−0.226%	$3.4M	$15.4M	75x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008814	−0.305%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008826	−0.172%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.588%	$3K	$117K	5.5x	as long as short
01 Exchange PENGUUSD	+0.0064%	1h	0.008837	−0.045%	$202	$64	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008823	−0.204%	$306K	$698K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0097%	4h	0.008819	−0.249%	$19K	$178K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid PENGU	+0.0100%	1h	0.008820	−0.238%	$8.3M	$15.0M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008821	−0.222%	$169K	$442K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008824	−0.192%	$152K	$242K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008821	−0.224%	$37.4M	$157.0M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008814	−0.305%	$23.0M	$37.9M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008812	−0.328%	$7.6M	$47.7M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008830	−0.124%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008820	−0.238%	$12.3M	$12.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008816	−0.283%	$4.7M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008821	−0.226%	$8.3M	$12.6M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008819	−0.249%	—	$3.7M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008815	−0.294%	$302K	$323K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008848	+0.077%	$471K	$2.1M	10x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009037	+2.217%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008817	−0.271%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008848	+0.079%	$94K	$326K	25x	as long as short
Extended PENGU-USDshort	+0.0104%	1h	0.008811	−0.342%	$182K	$940K	10x
Aevo PENGU-PERP	+0.0104%	1h	0.008815	−0.294%	$204K	—	3x	as long as short
dYdX PENGU-USD	+0.0174%	1h	0.008826	−0.174%	$12K	$4K	5x	as long as short
Kraken Futures PF_PENGUUSD	+0.0210%	1h	0.008825	−0.184%	$364K	$2.3M	50x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008822	−0.212%	$298	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008832	−0.102%	$1.5M	$3.2M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0513% / S −0.0675%	1h	0.008825	−0.181%	$110K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1352%	1h	0.008967	+1.425%	$95K	$104K	50x	as long as short