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: Binance against BloFin−0.018%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$400.400% of the position

Long on BloFin Short on Binance

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)−0.150%−$15 · spread now −0.018%, 7d avg −0.010%

Together, before fees−0.636%−$64 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.010%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PENGU-USDT	0.008820	0.0340	pay 0.0170% / 4h	22m 59s	$1.5M	$3.7M	75x
Short	Binance PENGUUSDT	0.008818	0.0100	get 0.0050% / 4h	22m 59s	$36.9M	$163.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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 BloFinbpFee BinancebpOrdersPrice spread, now −0.018%Rate

Funding earned: −$50.4
Price spread: −0.018% → −0.010%: −$0.78
Slippage, 4 orders: −$17.99
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$91.17
Costs to cover: 0.400%
Break-even: never at this rate

Slippage from BloFin: live order book, 10 min ago; Binance: live order book, 5 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 BloFin live order book, 10 min ago	1.14 bp	8.0 bp −$8	13.3 bp −$133	41.7 bp −$4,165	doesn't fit
Sell Binance live order book, 5 min ago	0.56 bp	9.1 bp −$9	25.9 bp −$259	79.4 bp −$7,936	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	0.0000%	1h	0.008816	−0.045%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008810	−0.117%	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.351%	$3K	$117K	5.5x	as long as short
Gate PENGU_USDT	+0.0074%	4h	0.008815	−0.057%	$3.3M	$15.7M	75x	as long as short
Lighter PENGU	+0.0096%	1h	0.008821	+0.011%	$314K	$719K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008815	−0.057%	$23K	$120K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008808	−0.136%	$594K	$1.0M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008822	+0.023%	$8.2M	$14.7M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008815	−0.056%	$118K	$589K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008810	−0.113%	$155K	$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 PENGUUSDTshort	+0.0100%	4h	0.008818	−0.018%	$36.9M	$163.3M	75x
Bybit PENGUUSDT	+0.0100%	4h	0.008811	−0.102%	$23.3M	$39.5M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008812	−0.091%	$7.4M	$47.4M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008810	−0.113%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008818	−0.023%	$10.8M	$12.4M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008817	−0.034%	$4.9M	$9.2M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008817	−0.034%	$8.3M	$12.3M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008812	−0.091%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008815	−0.057%	$292K	$314K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008840	+0.225%	$918K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008868	+0.543%	$462K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008843	+0.261%	$80K	$242K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009020	+2.268%	$3K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008813	−0.079%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008823	+0.034%	$92K	$372K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008815	−0.060%	$185K	$946K	10x	as long as short
01 Exchange PENGUUSD	+0.0104%	1h	0.008810	−0.113%	$202	$64	5x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008810	−0.113%	$204K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008806	−0.163%	$297	—	10x	as long as short
BloFin PENGU-USDTlong	+0.0340%	4h	0.008820	long leg	$1.5M	$3.7M	75x
Kraken Futures PF_PENGUUSD	+0.0363%	1h	0.008822	+0.019%	$345K	$2.3M	50x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0498% / S −0.0584%	1h	0.008807	−0.147%	$120K	—	100x	as long as short
dYdX PENGU-USD	+0.0515%	1h	0.008810	−0.118%	$12K	$5K	5x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2928%	1h	0.008950	+1.474%	$96K	$62K	50x	as long as short