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 BingX−0.069%7-day average −0.002% · you buy dearer than you sell

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

Long on BingX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.069%, 7d avg −0.002%

Together, before fees+0.060%+$6 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 0.067% cheaper against BingX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PENGU-USDT	0.008714	0.0100	pay 0.0050% / 4h	43m 08s	—	$3.6M	—
Short	Orderly PERP_PENGU_USDC	0.008708	0.0099	get 0.0050% / 4h	43m 08s	$23K	$127K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against BingX. 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 BingXbpFee OrderlybpOrdersPrice spread, now −0.069%Rate

Funding earned: −$0.2
Price spread: −0.069% → −0.002%: −$6.73
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$22.93
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 7 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 BingX live order book, 7 min ago	0.58 bp	7.6 bp −$8	14.3 bp −$143	60.8 bp −$6,078	413.4 bp −$206.7K
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	0.008707	−0.080%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008714	−0.003%	$32K	—	150x	as long as short
01 Exchange PENGUUSD	+0.0024%	1h	0.008721	+0.080%	$200	$64	5x	as long as short
Gate PENGU_USDT	+0.0030%	4h	0.008711	−0.034%	$3.3M	$15.6M	75x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.861%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008714	0.000%	$310K	$713K	8x	as long as short
Orderly PERP_PENGU_USDCshort	+0.0099%	4h	0.008708	−0.069%	$23K	$127K	20x
Hyperliquid PENGU	+0.0100%	1h	0.008710	−0.046%	$8.1M	$14.7M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008718	+0.040%	$120K	$579K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008733	+0.218%	$154K	$241K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PENGUUSDT	+0.0100%	4h	0.008710	−0.048%	$36.2M	$161.6M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008705	−0.103%	$23.0M	$39.1M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008708	−0.069%	$7.2M	$46.5M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008720	+0.069%	$19K	$23K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008710	−0.046%	$11.0M	$12.3M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008716	+0.023%	$4.8M	$9.2M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008710	−0.046%	$8.2M	$12.3M	75x	as long as short
BingX PENGU-USDTlong	+0.0100%	4h	0.008714	long leg	—	$3.6M	—
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008705	−0.103%	$289K	$307K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008693	−0.242%	$863K	$985K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008698	−0.184%	$463K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008692	−0.252%	$79K	$242K	50x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008720	+0.075%	$585K	$1.0M	5x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008932	+2.502%	$2K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008709	−0.057%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008739	+0.287%	$91K	$372K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008707	−0.083%	$180K	$946K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008700	−0.161%	$201K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008710	−0.044%	$294	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008712	−0.023%	$1.5M	$3.5M	75x	as long as short
Kraken Futures PF_PENGUUSD	+0.0368%	1h	0.008715	+0.007%	$341K	$2.4M	50x	as long as short
dYdX PENGU-USD	+0.0378%	1h	0.008732	+0.209%	$12K	$5K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0495% / S −0.0419%	1h	0.008713	−0.011%	$124K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2928%	1h	0.008732	+0.207%	$93K	$60K	50x	as long as short