PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0358%/8h= −39.2% APRnext payment −$1.79 per $10,000 · paid last 24h −0.015%

Price spread now: Gate against Aster−0.060%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$570.574% of the position

Long on Aster Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.107%−$11 on $10k

Price spread, last 4 days (all we have)+0.158%+$16 · spread now −0.060%, 7d avg −0.040%

Together, before fees+0.051%+ Points / potential airdropAster: Stage 5 · farm board+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Gate is 0.021% cheaper against Aster than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.040%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.107% in total (about -5.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.79 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	Aster PENGUUSDT	0.008841	0.0100	pay 0.0050% / 4h	54m 54s	$191K	$467K	20x
Short	Gate PENGU_USDT	0.008836	−0.0258	pay 0.0129% / 4h	54m 54s	$3.4M	$15.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Aster. 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 AsterbpFee GatebpOrdersPrice spread, now −0.060%Rate

Funding earned: −$75.18
Price spread: −0.060% → −0.040%: −$2.06
Slippage, 4 orders: −$34.36
Fee Aster: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$134.61
Costs to cover: 0.574%
Break-even: never at this rate

Slippage from Aster: live order book, 23 min ago; Gate: live order book, 4 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 Aster live order book, 23 min ago	5.12 bp	12.1 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	2.27 bp	14.0 bp −$14	39.5 bp −$395	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
Kraken Futures PF_PENGUUSD	−0.0338%	1h	0.008847	+0.064%	$369K	$2.2M	50x	as long as short
Gate PENGU_USDTshort	−0.0258%	4h	0.008836	−0.060%	$3.4M	$15.6M	75x
Bybit PENGUUSDT	−0.0217%	4h	0.008830	−0.128%	$22.9M	$36.5M	75x	as long as short
Variational Omni PENGU	−0.0127%	4h	0.008807	−0.385%	$804K	$802K	—	as long as short
01 Exchange PENGUUSD	−0.0120%	1h	0.008842	+0.008%	$202	$59	5x	as long as short
Injective PENGU/USDC PERP	−0.0114%	1h	0.008789	−0.592%	$3K	$117K	5.5x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0089%	1h	0.008839	−0.026%	$19K	$9K	10x	as long as short
Nado PENGU-PERP	−0.0004%	1h	0.008838	−0.032%	$689K	$761K	5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008842	+0.010%	$34K	—	150x	as long as short
dYdX PENGU-USD	+0.0021%	1h	0.008832	−0.106%	$12K	$4K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter PENGU	+0.0096%	1h	0.008837	−0.049%	$310K	$737K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008841	−0.004%	$24K	$186K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008837	−0.049%	$8.5M	$15.2M	5x	as long as short
Aster PENGUUSDTlong	+0.0100%	4h	0.008841	long leg	$191K	$467K	20x
Pacifica PENGU	+0.0100%	1h	0.008833	−0.094%	$152K	$239K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008838	−0.042%	$36.7M	$153.8M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008835	−0.071%	$7.6M	$47.4M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008840	−0.015%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008838	−0.038%	$12.6M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008840	−0.015%	$4.8M	$8.9M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008842	+0.008%	$8.4M	$12.6M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008828	−0.151%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008836	−0.060%	$315K	$309K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008813	−0.318%	$461K	$2.2M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008819	−0.252%	$80K	$254K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009052	+2.383%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008834	−0.083%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008856	+0.166%	$92K	$249K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008837	−0.051%	$182K	$622K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008839	−0.026%	$204K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0237%	1h	0.008837	−0.049%	$298	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008840	−0.015%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0512% / S −0.0711%	1h	0.008842	+0.008%	$115K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2688%	1h	0.008850	+0.098%	$94K	$104K	50x	as long as short