PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Orderly against Aster−0.115%7-day average −0.047% · you buy dearer than you sell

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

Long on Aster Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 4 days (all we have)+0.045%+$5 · spread now −0.115%, 7d avg −0.047%

Together, before fees+0.027%+ Points / potential airdropAster: Stage 5 · farm board+$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.068% cheaper against Aster than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PENGUUSDT	0.008690	0.0100	pay 0.0050% / 4h	46m 55s	$120K	$579K	20x
Short	Orderly PERP_PENGU_USDC	0.008680	0.0099	get 0.0050% / 4h	46m 55s	$23K	$129K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 OrderlybpOrdersPrice spread, now −0.115%Rate

Funding earned: −$0.2
Price spread: −0.115% → −0.047%: −$6.84
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$21.04
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 11 min ago; Orderly: 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 Aster live order book, 11 min ago	8.58 bp	16.2 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008680	−0.115%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008687	−0.033%	$32K	—	150x	as long as short
Gate PENGU_USDT	+0.0022%	4h	0.008680	−0.115%	$3.3M	$15.6M	75x	as long as short
01 Exchange PENGUUSD	+0.0032%	1h	0.008692	+0.023%	$199	$64	5x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+1.139%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008686	−0.046%	$309K	$712K	8x	as long as short
Orderly PERP_PENGU_USDCshort	+0.0099%	4h	0.008680	−0.115%	$23K	$129K	20x
Nado PENGU-PERP	+0.0100%	1h	0.008681	−0.101%	$582K	$1.0M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008691	+0.012%	$8.1M	$14.7M	5x	as long as short
Aster PENGUUSDTlong	+0.0100%	4h	0.008690	long leg	$120K	$579K	20x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PENGU	+0.0100%	1h	0.008684	−0.069%	$153K	$241K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008682	−0.089%	$36.1M	$161.5M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008679	−0.127%	$22.9M	$39.1M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008677	−0.150%	$7.2M	$46.3M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008700	+0.115%	$19K	$23K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008683	−0.081%	$11.0M	$12.3M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008683	−0.081%	$4.8M	$9.2M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008684	−0.069%	$8.2M	$12.3M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008678	−0.138%	—	$3.6M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008686	−0.046%	$297K	$293K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008695	+0.057%	$864K	$985K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008670	−0.230%	$462K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008667	−0.265%	$79K	$242K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008897	+2.382%	$2K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008679	−0.127%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008694	+0.046%	$91K	$372K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008676	−0.164%	$179K	$946K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008675	−0.173%	$200K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008687	−0.037%	$293	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008684	−0.069%	$1.5M	$3.5M	75x	as long as short
Kraken Futures PF_PENGUUSD	+0.0369%	1h	0.008684	−0.068%	$340K	$2.4M	50x	as long as short
dYdX PENGU-USD	+0.0387%	1h	0.008685	−0.061%	$11K	$5K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0494% / S −0.0419%	1h	0.008689	−0.012%	$123K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2928%	1h	0.008967	+3.188%	$95K	$61K	50x	as long as short