PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0102%/8h= +11.2% APRnext payment +$0.51 per $10,000 · paid last 24h +0.035%

Price spread now: Binance against Gate+0.115%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$550.545% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.100%+$10 on $10k

Price spread, last 7 days−0.129%−$13 · spread now +0.115%, 7d avg −0.002%

Together, before fees−0.030%−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Binance is 0.117% dearer against Gate than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PENGU_USDT	0.008710	−0.0002	get 0.0001% / 4h	1h 38m	$3.3M	$15.6M	75x
Short	Binance PENGUUSDT	0.008720	0.0100	get 0.0050% / 4h	1h 38m	$36.5M	$159.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now +0.115%Rate

Funding earned: $21.42
Price spread: +0.115% → −0.002%: $11.65
Slippage, 4 orders: −$29.54
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$21.47
Costs to cover: 0.545%
Break-even: 14.0 days

Slippage from Gate: live order book, 5 min ago; Binance: live order book, 5 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 Gate live order book, 5 min ago	1.72 bp	16.9 bp −$17	52.3 bp −$523	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	0.57 bp	8.8 bp −$9	21.7 bp −$217	72.2 bp −$7,215	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
Deribit PENGU_USDC-PERPETUAL	−0.0324%	1h	0.008700	−0.115%	$18K	$10K	10x	as long as short
01 Exchange PENGUUSD	−0.0032%	1h	0.008706	−0.046%	$199	$64	5x	as long as short
Gate PENGU_USDTlong	−0.0002%	4h	0.008710	long leg	$3.3M	$15.6M	75x
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008706	−0.049%	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.907%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008723	+0.149%	$310K	$709K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008704	−0.069%	$23K	$165K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008716	+0.069%	$8.1M	$14.6M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008714	+0.040%	$120K	$577K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008721	+0.126%	$153K	$243K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PENGUUSDTshort	+0.0100%	4h	0.008720	+0.115%	$36.5M	$159.7M	75x
Bybit PENGUUSDT	+0.0100%	4h	0.008719	+0.103%	$23.2M	$38.6M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008720	+0.115%	$7.5M	$46.2M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008710	0.000%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008720	+0.115%	$11.5M	$12.3M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008706	−0.046%	$4.8M	$9.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008721	+0.126%	$8.2M	$12.4M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008707	−0.034%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008704	−0.069%	$298K	$275K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008712	+0.021%	$866K	$985K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008753	+0.499%	$457K	$2.0M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008758	+0.551%	$80K	$243K	50x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008705	−0.052%	$584K	$1.0M	5x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008907	+2.262%	$2K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008700	−0.115%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008722	+0.138%	$91K	$348K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008704	−0.068%	$179K	$944K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008695	−0.172%	$201K	—	3x	as long as short
dYdX PENGU-USD	+0.0192%	1h	0.008718	+0.095%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008705	−0.061%	$294	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008706	−0.046%	$1.5M	$3.3M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0510% / S −0.0582%	1h	0.008705	−0.057%	$118K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0653%	1h	0.008708	−0.028%	$356K	$2.3M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2296%	1h	0.008967	+2.951%	$95K	$94K	50x	as long as short