PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0666%/8h= +72.9% APRnext payment +$0.83 per $10,000 · paid last 24h +0.035%

Price spread now: Kraken Futures against gTrade (Gains Network)−0.248%128s7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. Kraken Futures is 0.248% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.248% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$25 on $10k: about 30 hours of funding at the current rate (+$20 a day). The two prices were read 128 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) PENGU/USD	0.009093	L +0.0007% / S −0.0003%	pay 0.0001% / 1h	18m 37s	$33K	—	150x
Short	Kraken Futures PF_PENGUUSD	0.009071	0.0673	get 0.0084% / 1h	18m 37s	$339K	$2.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee Kraken FuturesbpOrdersPrice spread, now −0.248%Rate

Funding earned: $139.78
Price spread: −0.248% → 0.000%: −$24.83
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $94.95
Costs to cover: 0.200%
Break-even: 2.2 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Kraken Futures: live order book, 5 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 5 min ago	7.69 bp	23.3 bp −$23	55.2 bp −$552	doesn't fit	doesn't fit

gTrade (Gains Network): 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 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
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.009065	−0.312%	$1K	$29K	10x	as long as short
gTrade (Gains Network) PENGU/USDlong	L +0.0007% / S −0.0003%	1h	0.009093	long leg	$33K	—	150x
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−3.347%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.009075	−0.202%	$326K	$768K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009065	−0.312%	$639K	$1.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009065	−0.313%	$143K	$716K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009065	−0.312%	$137K	$258K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009058	−0.384%	$39.5M	$189.5M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009055	−0.422%	$24.0M	$44.2M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009054	−0.433%	$8.0M	$54.8M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus PENGU-USD	+0.0100%	1h	0.009060	−0.367%	$18K	$25K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.009060	−0.367%	$3.4M	$17.3M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009061	−0.356%	$11.1M	$13.0M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009069	−0.268%	$5.1M	$10.2M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009066	−0.301%	$8.7M	$13.9M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.009056	−0.411%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009061	−0.356%	$309K	$360K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009080	−0.148%	$926K	$1.1M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009090	−0.033%	$482K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009097	+0.040%	$80K	$252K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009065	−0.312%	$23K	$233K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009290	+2.162%	$3K	$2.2M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009066	−0.301%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009088	−0.059%	$94K	$404K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009057	−0.403%	$186K	$525K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009060	−0.367%	$209K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0240%	1h	0.009065	−0.315%	$306	—	10x	as long as short
Hyperliquid PENGU	+0.0250%	1h	0.009076	−0.191%	$9.2M	$16.3M	5x	as long as short
01 Exchange PENGUUSD	+0.0336%	1h	0.009059	−0.378%	$207	$60	5x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009067	−0.290%	$1.6M	$4.9M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0443% / S −0.0368%	1h	0.009063	−0.334%	$107K	—	100x	as long as short
dYdX PENGU-USD	+0.0610%	1h	0.009080	−0.145%	$12K	$6K	5x	as long as short
Kraken Futures PF_PENGUUSDshort	+0.0673%	1h	0.009071	−0.248%	$339K	$2.5M	50x
Coinbase International PENGU-PERP-INTX	+0.1664%	1h	0.009135	+0.457%	$80K	$70K	50x	as long as short