PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h +0.011%

Price spread now: Hyperliquid against Extended+0.110%7-day average +0.087% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$410.407% of the position

Long on Extended Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 4 days (all we have)−0.001%$0 · spread now +0.110%, 7d avg +0.087%

Together, before fees−0.065%+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm board−$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.023% dearer against Extended than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.087%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended PENGU-USD	0.008660	0.0104	pay 0.0013% / 1h	33m 24s	$177K	$681K	10x
Short	Hyperliquid PENGU	0.008669	0.0100	get 0.0013% / 1h	33m 24s	$8.7M	$15.2M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Extended. 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 ExtendedbpFee HyperliquidbpOrdersPrice spread, now +0.110%Rate

Funding earned: −$0.84
Price spread: +0.110% → +0.087%: $2.27
Slippage, 4 orders: −$26.72
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$39.29
Costs to cover: 0.407%
Break-even: never at this rate

Slippage from Extended: live order book, 54 min ago; Hyperliquid: live order book, 9 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 Extended live order book, 54 min ago	1.71 bp	10.9 bp −$11	82.2 bp −$822	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 9 min ago	0.58 bp	10.3 bp −$10	doesn't fit	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
Kraken Futures PF_PENGUUSD	−0.0552%	1h	0.008665	+0.063%	$384K	$2.1M	50x	as long as short
Gate PENGU_USDT	−0.0366%	4h	0.008658	−0.017%	$3.4M	$15.4M	75x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0211%	1h	0.008664	+0.052%	$19K	$9K	10x	as long as short
Bybit PENGUUSDT	−0.0179%	4h	0.008655	−0.052%	$22.4M	$35.9M	75x	as long as short
Injective PENGU/USDC PERP	−0.0110%	1h	0.008715	+0.641%	$3K	$81K	5.5x	as long as short
Backpack PENGU_USDC_PERP	−0.0091%	1h	0.008667	+0.087%	$309K	$315K	10x	as long as short
dYdX PENGU-USD	0.0000%	1h	0.008666	+0.079%	$11K	$4K	5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008665	+0.064%	$33K	—	150x	as long as short
01 Exchange PENGUUSD	+0.0016%	1h	0.008670	+0.121%	$198	$59	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008668	+0.098%	$295K	$720K	8x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado PENGU-PERP	+0.0100%	1h	0.008666	+0.075%	$672K	$758K	5x	as long as short
Hyperliquid PENGUshort	+0.0100%	1h	0.008669	+0.110%	$8.7M	$15.2M	5x
Aster PENGUUSDT	+0.0100%	4h	0.008671	+0.133%	$171K	$448K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008669	+0.110%	$143K	$232K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008664	+0.056%	$35.8M	$150.9M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008660	+0.006%	$7.7M	$46.3M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008670	+0.121%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008665	+0.063%	$12.9M	$12.7M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008666	+0.075%	$4.7M	$8.7M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008665	+0.063%	$8.2M	$12.5M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008651	−0.098%	—	$2.3M	—	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008647	−0.142%	$794K	$713K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008672	+0.143%	$454K	$2.4M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008672	+0.144%	$79K	$253K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008665	+0.063%	$21K	$184K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008872	+2.454%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008661	+0.017%	$978	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008687	+0.318%	$91K	$249K	25x	as long as short
Extended PENGU-USDlong	+0.0104%	1h	0.008660	long leg	$177K	$681K	10x
Aevo PENGU-PERP	+0.0104%	1h	0.008660	+0.006%	$200K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0237%	1h	0.008663	+0.038%	$293	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008675	+0.179%	$1.5M	$2.6M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0489% / S −0.0675%	1h	0.008663	+0.040%	$108K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2992%	1h	0.008785	+1.449%	$92K	$96K	50x	as long as short