PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.2604%/8h= +285.1% APRnext payment +$3.26 per $10,000 · paid last 24h +0.640%

Price spread now: Coinbase International against Backpack+1.370%52s7-day average — · you sell dearer than you buy

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

Long on Backpack Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+1.889%+$189 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$78 a day on $10k at the current rate, and Coinbase International is 1.370% dearer against Backpack than usual: you sell high and buy low: +$137 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 52 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	Backpack PENGU_USDC_PERP	0.008833	0.0100	pay 0.0013% / 1h	9m 17s	$295K	$327K	10x
Short	Coinbase International PENGU-PERP-INTX	0.008954	0.2704	get 0.0338% / 1h	9m 17s	$94K	$59K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Backpack. 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 BackpackbpFee Coinbase InternationalbpOrdersPrice spread, now +1.370%Rate

Funding earned: $546.84
Price spread: +1.370% → 0.000%: $136.99
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $663.83
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Backpack: live order book, 44 min ago; Coinbase International: 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 Backpack live order book, 44 min ago	0.55 bp	11.2 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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	0.008831	−0.023%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008830	−0.038%	$33K	—	150x	as long as short
Gate PENGU_USDT	+0.0016%	4h	0.008827	−0.068%	$3.3M	$16.5M	75x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.498%	$3K	$117K	5.5x	as long as short
dYdX PENGU-USD	+0.0060%	1h	0.008844	+0.129%	$12K	$5K	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008832	−0.011%	$321K	$753K	8x	as long as short
01 Exchange PENGUUSD	+0.0096%	1h	0.008848	+0.170%	$202	$64	5x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008841	+0.091%	$593K	$1.1M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008841	+0.091%	$8.4M	$15.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008834	+0.006%	$120K	$661K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PENGU	+0.0100%	1h	0.008843	+0.113%	$135K	$273K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008832	−0.010%	$37.5M	$173.4M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008826	−0.079%	$23.4M	$41.3M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008826	−0.079%	$7.6M	$49.8M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008840	+0.079%	$19K	$25K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008833	0.000%	$10.7M	$12.7M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008826	−0.079%	$4.9M	$9.5M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008834	+0.011%	$8.5M	$13.1M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008826	−0.079%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERPlong	+0.0100%	1h	0.008833	long leg	$295K	$327K	10x
Variational Omni PENGU	+0.0100%	4h	0.008857	+0.270%	$925K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008904	+0.804%	$472K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008904	+0.804%	$81K	$251K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008829	−0.045%	$23K	$124K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009041	+2.355%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008830	−0.034%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008862	+0.328%	$92K	$378K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008824	−0.100%	$182K	$869K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008825	−0.091%	$204K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008828	−0.061%	$298	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008835	+0.023%	$1.5M	$4.1M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0499% / S −0.0415%	1h	0.008827	−0.068%	$126K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0619%	1h	0.008835	+0.020%	$323K	$2.4M	50x	as long as short
Coinbase International PENGU-PERP-INTXshort	+0.2704%	1h	0.008954	+1.370%	$94K	$59K	50x