PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0739%/8h= +81.0% APRnext payment +$0.92 per $10,000 · paid last 24h +0.043%

Price spread now: Kraken Futures against Deribit+0.135%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Kraken Futures is 0.135% dearer against Deribit than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit PENGU_USDC-PERPETUAL	0.008774	−0.0092	get 0.0011% / 1h	54m 46s	$18K	$10K	10x
Short	Kraken Futures PF_PENGUUSD	0.008786	0.0647	get 0.0081% / 1h	54m 46s	$354K	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Deribit. 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 DeribitbpFee Kraken FuturesbpOrdersPrice spread, now +0.135%Rate

Funding earned: $155.28
Price spread: +0.135% → 0.000%: $13.5
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $151.78
Costs to cover: 0.170%
Break-even: 0.2 days

Slippage unknown: Deribit: no order-book sample; Kraken Futures: live order book, 4 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 Deribit no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 4 min ago	3.99 bp	15.2 bp −$15	33.3 bp −$333	doesn't fit	doesn't fit

Deribit: 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 33 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
ApeX Omni PENGUUSDT	−0.1212%	1h	0.008733	−0.467%	$80K	$243K	50x	as long as short
Deribit PENGU_USDC-PERPETUALlong	−0.0092%	1h	0.008774	long leg	$18K	$10K	10x
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008779	+0.054%	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.171%	$3K	$117K	5.5x	as long as short
Gate PENGU_USDT	+0.0074%	4h	0.008785	+0.125%	$3.4M	$15.4M	75x	as long as short
Lighter PENGU	+0.0096%	1h	0.008781	+0.080%	$312K	$707K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008773	−0.011%	$19K	$160K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008775	+0.011%	$591K	$984K	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008782	+0.091%	$8.2M	$14.6M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008790	+0.184%	$132K	$523K	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PENGU	+0.0100%	1h	0.008776	+0.023%	$154K	$243K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008779	+0.056%	$37.3M	$156.5M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008771	−0.034%	$23.1M	$38.0M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008771	−0.034%	$7.5M	$46.2M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008770	−0.046%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008775	+0.011%	$11.8M	$12.3M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008778	+0.046%	$4.7M	$9.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008770	−0.046%	$8.3M	$12.3M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008791	+0.194%	—	$3.6M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008786	+0.137%	$301K	$280K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008816	+0.479%	$870K	$985K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008748	−0.301%	$464K	$2.1M	10x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008987	+2.428%	$3K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008780	+0.068%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008800	+0.296%	$92K	$340K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008787	+0.147%	$184K	$941K	10x	as long as short
01 Exchange PENGUUSD	+0.0104%	1h	0.008785	+0.125%	$201	$64	5x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008771	−0.034%	$203K	—	3x	as long as short
dYdX PENGU-USD	+0.0218%	1h	0.008776	+0.026%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008772	−0.023%	$296	—	10x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0512% / S −0.0582%	1h	0.008777	+0.034%	$119K	—	100x	as long as short
Kraken Futures PF_PENGUUSDshort	+0.0647%	1h	0.008786	+0.135%	$354K	$2.3M	50x
Coinbase International PENGU-PERP-INTX	+0.2296%	1h	0.008967	+2.200%	$95K	$94K	50x	as long as short