PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%

Price spread now: BloFin against Binance−0.264%111s7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs+$14as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$340.343% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.486%+$49 on $10k

Price spread, last 4 days (all we have)+0.573%+$57 · spread now −0.264%, 7d avg +0.025%

Together, before fees+1.059%+$106 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.289% cheaper against Binance than usual: you would sell low and buy high (spread −0.264% now, against its 7-day average of +0.025%). If the spread goes back, that is −$29 on $10k: about 4.0 days of funding at the current rate (+$7 a day). The two prices were read 111 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	Binance PENGUUSDT	0.008773	0.0100	pay 0.0050% / 4h	1h 11m	$36.6M	$160.6M	75x
Short	BloFin PENGU-USDT	0.008750	0.0340	get 0.0170% / 4h	1h 11m	$1.5M	$3.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Binance. 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 BinancebpFee BloFinbpOrdersPrice spread, now −0.264%Rate

Funding earned: $50.4
Price spread: −0.264% → +0.025%: −$28.94
Slippage, 4 orders: −$12.28
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$12.82
Costs to cover: 0.343%
Break-even: 8.8 days

Slippage from Binance: live order book, 2 min ago; BloFin: live order book, 2 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 Binance live order book, 2 min ago	0.57 bp	7.9 bp −$8	17.4 bp −$174	68.7 bp −$6,869	doesn't fit
Sell BloFin live order book, 2 min ago	1.72 bp	8.9 bp −$9	11.7 bp −$117	36.8 bp −$3,676	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
Deribit PENGU_USDC-PERPETUAL	−0.0093%	1h	0.008743	−0.344%	$18K	$10K	10x	as long as short
01 Exchange PENGUUSD	−0.0032%	1h	0.008774	+0.009%	$201	$64	5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008774	+0.014%	$32K	—	150x	as long as short
Gate PENGU_USDT	+0.0016%	4h	0.008767	−0.070%	$3.3M	$15.7M	75x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.180%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008762	−0.127%	$312K	$712K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008778	+0.055%	$23K	$164K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008771	−0.025%	$8.2M	$14.7M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008762	−0.124%	$121K	$579K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008760	−0.150%	$154K	$243K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PENGUUSDTlong	+0.0100%	4h	0.008773	long leg	$36.6M	$160.6M	75x
Bybit PENGUUSDT	+0.0100%	4h	0.008773	−0.002%	$23.2M	$39.0M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008777	+0.044%	$7.3M	$46.7M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008770	−0.036%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008771	−0.025%	$11.4M	$12.4M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008771	−0.025%	$4.8M	$9.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008773	−0.002%	$8.3M	$12.4M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008768	−0.059%	—	$3.6M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008739	−0.389%	$298K	$293K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008785	+0.132%	$873K	$985K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008744	−0.329%	$466K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008758	−0.173%	$80K	$243K	50x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008768	−0.053%	$587K	$1.0M	5x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008957	+2.095%	$3K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008742	−0.355%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008760	−0.150%	$91K	$354K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008757	−0.181%	$184K	$945K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008737	−0.412%	$202K	—	3x	as long as short
dYdX PENGU-USD	+0.0227%	1h	0.008756	−0.193%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008766	−0.080%	$296	—	10x	as long as short
BloFin PENGU-USDTshort	+0.0340%	4h	0.008750	−0.264%	$1.5M	$3.5M	75x
GMX PENGU/USD [WBTC.b-USDC]	L +0.0555% / S −0.0662%	1h	0.008770	−0.036%	$132K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0650%	1h	0.008752	−0.239%	$351K	$2.3M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2296%	1h	0.008967	+2.209%	$95K	$90K	50x	as long as short