PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.2196%/8h= −240.5% APRpaid last 24h −0.613%

Price spread now: Variational Omni against Coinbase International−2.556%7-day average −0.837% · you buy dearer than you sell

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

Long on Coinbase International Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−1.216%−$122 on $10k

Price spread, last 3 days (all we have)+1.762%+$176 · spread now −2.556%, 7d avg −0.837%

Together, before fees+0.546%+ Points / potential airdropVariational Omni: Active · farm board+$55 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$66 a day on $10k at the current rate, and Variational Omni is 1.719% cheaper against Coinbase International than usual: you would sell low and buy high (−$172 if the spread goes back to its 7-day average of −0.837%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International PENGU-PERP-INTX	0.008967	0.2296	pay 0.0287% / 1h	35m 51s	$95K	$94K	50x
Short	Variational Omni PENGU	0.008738	0.0100	get 0.0050% / 4h	1h 35m	$868K	$985K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Coinbase International. 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 Coinbase InternationalbpFee Variational OmnibpOrdersPrice spread, now −2.556%Rate

Funding earned: −$461.16
Price spread: −2.556% → −0.837%: −$171.88
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$643.04
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 58 min ago; Variational Omni: RFQ quote, 28 min ago. 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 Coinbase International live order book, 58 min ago	84.41 bp	112.0 bp −$112	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 28 min ago	3.41 bp	doesn't fit	22.7 bp −$227	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
01 Exchange PENGUUSD	−0.0040%	1h	0.008733	−2.610%	$200	$64	5x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008743	−2.498%	$18K	$10K	10x	as long as short
Gate PENGU_USDT	+0.0004%	4h	0.008731	−2.632%	$3.3M	$15.6M	75x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008744	−2.487%	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−1.985%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008749	−2.431%	$311K	$709K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008740	−2.532%	$22K	$166K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008730	−2.637%	$586K	$1.0M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008743	−2.498%	$8.1M	$14.6M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008742	−2.508%	$121K	$577K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PENGU	+0.0100%	1h	0.008730	−2.643%	$154K	$243K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008733	−2.612%	$36.5M	$160.0M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008729	−2.654%	$23.3M	$38.7M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008727	−2.676%	$7.5M	$46.2M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008730	−2.643%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008738	−2.554%	$11.5M	$12.4M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008740	−2.532%	$4.8M	$9.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008742	−2.509%	$8.2M	$12.4M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008720	−2.755%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008741	−2.520%	$299K	$275K	10x	as long as short
Variational Omni PENGUshort	+0.0100%	4h	0.008738	−2.556%	$868K	$985K	—
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008709	−2.882%	$465K	$2.0M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008700	−2.978%	$80K	$243K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008950	−0.190%	$3K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008744	−2.487%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008749	−2.431%	$91K	$348K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008737	−2.564%	$180K	$944K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008735	−2.587%	$202K	—	3x	as long as short
dYdX PENGU-USD	+0.0188%	1h	0.008726	−2.686%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008730	−2.641%	$295	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008719	−2.766%	$1.5M	$3.3M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0510% / S −0.0582%	1h	0.008743	−2.498%	$119K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0650%	1h	0.008748	−2.440%	$354K	$2.3M	50x	as long as short
Coinbase International PENGU-PERP-INTXlong	+0.2296%	1h	0.008967	long leg	$95K	$94K	50x