PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.072%

Price spread now: OKX against BloFin+0.208%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$460.461% of the position

Long on BloFin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.530%−$53 on $10k

Price spread, last 4 days (all we have)−0.240%−$24 · spread now +0.208%, 7d avg −0.002%

Together, before fees−0.770%−$77 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.210% dearer against BloFin than usual: you sell high and buy low (spread +0.208% now, against its 7-day average of −0.002%): +$21 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PENGU-USDT	0.009131	0.0340	pay 0.0170% / 4h	16m 49s	$1.6M	$5.0M	75x
Short	OKX PENGU-USDT-SWAP	0.009150	0.0100	get 0.0050% / 4h	16m 49s	$8.2M	$57.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.208%Rate

Funding earned: −$50.4
Price spread: +0.208% → −0.002%: $21.03
Slippage, 4 orders: −$24.09
Fee BloFin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$75.46
Costs to cover: 0.461%
Break-even: never at this rate

Slippage from BloFin: live order book, 7 min ago; OKX: 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 BloFin live order book, 7 min ago	4.36 bp	10.5 bp −$11	14.9 bp −$149	44.0 bp −$4,401	doesn't fit
Sell OKX live order book, 2 min ago	0.55 bp	11.4 bp −$11	28.6 bp −$286	doesn't fit	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
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.009129	−0.019%	$34K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−3.745%	$3K	$117K	5.5x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0078%	1h	0.009136	+0.055%	$1K	$29K	10x	as long as short
Lighter PENGU	+0.0096%	1h	0.009139	+0.088%	$330K	$773K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009128	−0.027%	$642K	$1.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009143	+0.131%	$146K	$730K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009150	+0.208%	$138K	$267K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009140	+0.101%	$40.3M	$194.3M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009151	+0.219%	$24.6M	$45.9M	75x	as long as short
OKX PENGU-USDT-SWAPshort	+0.0100%	4h	0.009150	+0.208%	$8.2M	$57.2M	50x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus PENGU-USD	+0.0100%	1h	0.009150	+0.208%	$18K	$25K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.009134	+0.033%	$3.7M	$18.1M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009136	+0.055%	$11.3M	$13.1M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009130	−0.011%	$5.1M	$10.4M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009160	+0.318%	$9.0M	$14.5M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.009136	+0.055%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009132	+0.011%	$316K	$382K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009113	−0.198%	$907K	$1.2M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009149	+0.194%	$480K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009155	+0.263%	$80K	$252K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009131	0.000%	$23K	$297K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009353	+2.431%	$3K	$2.2M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009134	+0.033%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009163	+0.350%	$95K	$414K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009130	−0.007%	$187K	$744K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009129	−0.022%	$211K	—	3x	as long as short
Hyperliquid PENGU	+0.0202%	1h	0.009146	+0.164%	$9.3M	$16.6M	5x	as long as short
Reya PENGURUSDPERP	+0.0240%	1h	0.009129	−0.019%	$308	—	10x	as long as short
01 Exchange PENGUUSD	+0.0328%	1h	0.009156	+0.274%	$209	$41	5x	as long as short
BloFin PENGU-USDTlong	+0.0340%	4h	0.009131	long leg	$1.6M	$5.0M	75x
dYdX PENGU-USD	+0.0385%	1h	0.009157	+0.280%	$12K	$6K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0434% / S −0.0352%	1h	0.009132	+0.011%	$105K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0534%	1h	0.009140	+0.099%	$354K	$2.6M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1928%	1h	0.009196	+0.712%	$81K	$74K	50x	as long as short