PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0097%/8h= −10.6% APRnext payment −$0.12 per $10,000 · paid last 24h −0.029%

Price spread now: gTrade (Gains Network) against Arcus−0.129%46s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Arcus Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.129% cheaper against Arcus than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus PENGU-USD	0.008740	0.0100	pay 0.0013% / 1h	22m 31s	$19K	$24K	5x
Short	gTrade (Gains Network) PENGU/USD	0.008729	L +0.0007% / S −0.0003%	get 0.0000% / 1h	22m 31s	$33K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Arcus. 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 ArcusbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.129%Rate

Funding earned: −$20.35
Price spread: −0.129% → 0.000%: −$12.92
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$47.77
Costs to cover: 0.145%
Break-even: never at this rate

Slippage unknown: Arcus: no order-book sample; gTrade (Gains Network): no order-book sample. Net counts fees only.

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 Arcus no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

Arcus and gTrade (Gains Network): 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 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
Kraken Futures PF_PENGUUSD	−0.0342%	1h	0.008743	+0.032%	$368K	$2.3M	50x	as long as short
Gate PENGU_USDT	−0.0292%	4h	0.008734	−0.069%	$3.4M	$15.6M	75x	as long as short
Bybit PENGUUSDT	−0.0290%	4h	0.008743	+0.034%	$22.7M	$36.8M	75x	as long as short
01 Exchange PENGUUSD	−0.0240%	1h	0.008743	+0.034%	$200	$59	5x	as long as short
Variational Omni PENGU	−0.0238%	4h	0.008725	−0.166%	$797K	$802K	—	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0208%	1h	0.008734	−0.069%	$19K	$9K	10x	as long as short
Backpack PENGU_USDC_PERP	−0.0179%	1h	0.008734	−0.069%	$311K	$313K	10x	as long as short
Injective PENGU/USDC PERP	−0.0114%	1h	0.008789	+0.561%	$3K	$117K	5.5x	as long as short
Nado PENGU-PERP	+0.0001%	1h	0.008748	+0.092%	$695K	$776K	5x	as long as short
gTrade (Gains Network) PENGU/USDshort	L +0.0007% / S −0.0003%	1h	0.008729	−0.129%	$33K	—	150x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX PENGU-USD	+0.0024%	1h	0.008736	−0.044%	$12K	$4K	5x	as long as short
GRVT PENGU_USDT_Perp	+0.0094%	4h	0.008747	+0.078%	$458K	$2.1M	10x	as long as short
Lighter PENGU	+0.0096%	1h	0.008735	−0.057%	$306K	$741K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008733	−0.080%	$23K	$186K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008730	−0.114%	$8.4M	$15.3M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008744	+0.042%	$188K	$470K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008736	−0.046%	$151K	$239K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008749	+0.103%	$36.3M	$154.9M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008750	+0.114%	$7.5M	$47.0M	50x	as long as short
Arcus PENGU-USDlong	+0.0100%	1h	0.008740	long leg	$19K	$24K	5x
MEXC PENGU_USDT	+0.0100%	4h	0.008735	−0.057%	$12.3M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008738	−0.023%	$4.7M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008753	+0.149%	$8.3M	$12.6M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008735	−0.057%	—	$2.3M	—	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008734	−0.069%	$80K	$254K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008942	+2.311%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008735	−0.057%	$993	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008740	0.000%	$91K	$249K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008741	+0.012%	$180K	$622K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008735	−0.057%	$202K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008746	+0.064%	$295	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008741	+0.011%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0496% / S −0.0683%	1h	0.008730	−0.114%	$110K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2688%	1h	0.008724	−0.183%	$93K	$103K	50x	as long as short