PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.072%

Price spread now: BingX against BloFin−0.148%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$570.575% of the position

Long on BloFin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.485%−$49 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and BingX is 0.148% cheaper against BloFin than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PENGU-USDT	0.008804	0.0340	pay 0.0170% / 4h	49m 20s	$1.6M	$5.5M	75x
Short	BingX PENGU-USDC	0.008791	0.0100	get 0.0050% / 4h	49m 20s	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.148%Rate

Funding earned: −$50.4
Price spread: −0.148% → 0.000%: −$14.77
Slippage, 4 orders: −$35.47
Fee BloFin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$122.64
Costs to cover: 0.575%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; BingX: live order book, 7 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, 2 min ago	1.70 bp	13.4 bp −$13	21.5 bp −$215	55.4 bp −$5,544	doesn't fit
Sell BingX live order book, 7 min ago	1.69 bp	15.0 bp −$15	53.5 bp −$535	378.1 bp −$37.8K	doesn't fit

PENGU on 34 exchanges

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
dYdX PENGU-USD	0.0000%	1h	0.008818	+0.163%	$19K	$21K	5x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008800	−0.045%	$1K	$27K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008797	−0.085%	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.170%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008821	+0.193%	$312K	$722K	8x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008829	+0.284%	$8.4M	$17.5M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008816	+0.136%	$110K	$834K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008821	+0.193%	$132K	$221K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008816	+0.135%	$37.8M	$198.1M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008815	+0.125%	$23.7M	$48.0M	75x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008802	−0.023%	$8.3M	$55.8M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008820	+0.182%	$18K	$25K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.008806	+0.023%	$3.6M	$18.3M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008816	+0.136%	$12.0M	$12.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008832	+0.318%	$5.3M	$10.6M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008811	+0.080%	$8.5M	$14.1M	75x	as long as short
BingX PENGU-USDCshort	+0.0100%	4h	0.008791	−0.148%	—	$2.3M	—
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008831	+0.307%	$295K	$393K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008834	+0.343%	$875K	$1.2M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008839	+0.398%	$462K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008837	+0.375%	$80K	$247K	50x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008800	−0.040%	$590K	$1.1M	5x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008801	−0.034%	$23K	$357K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009018	+2.431%	$3K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008845	+0.466%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008844	+0.454%	$91K	$372K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008802	−0.022%	$178K	$741K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008804	0.000%	$203K	—	3x	as long as short
01 Exchange PENGUUSD	+0.0136%	1h	0.008830	+0.295%	$202	$141	5x	as long as short
Reya PENGURUSDPERP	+0.0242%	1h	0.008821	+0.197%	$298	—	10x	as long as short
Kraken Futures PF_PENGUUSD	+0.0261%	1h	0.008813	+0.105%	$334K	$2.7M	50x	as long as short
BloFin PENGU-USDTlong	+0.0340%	4h	0.008804	long leg	$1.6M	$5.5M	75x
GMX PENGU/USD [WBTC.b-USDC]	L +0.0429% / S −0.0359%	1h	0.008804	0.000%	$102K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1760%	1h	0.008785	−0.216%	$80K	$86K	50x	as long as short