PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0082%/8h= +9.0% APRnext payment +$0.41 per $10,000 · paid last 24h +0.035%

Price spread now: Bitget against Gate−0.023%7-day average +0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$560.556% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.116%+$12 on $10k

Price spread, last 7 days+0.068%+$7 · spread now −0.023%, 7d avg +0.051%

Together, before fees+0.184%+$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.073% cheaper against Gate than usual: you would sell low and buy high (spread −0.023% now, against its 7-day average of +0.051%). If the spread goes back, that is −$7 on $10k: about 3.0 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PENGU_USDT	0.008704	0.0018	pay 0.0009% / 4h	51m 39s	$3.3M	$15.5M	75x
Short	Bitget PENGUUSDT	0.008702	0.0100	get 0.0050% / 4h	51m 39s	$8.2M	$12.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.023%Rate

Funding earned: $17.22
Price spread: −0.023% → +0.051%: −$7.35
Slippage, 4 orders: −$28.63
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$45.75
Costs to cover: 0.556%
Break-even: 25.6 days

Slippage from Gate: live order book, 2 min ago; Bitget: live order book, 2 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, 2 min ago	2.29 bp	17.2 bp −$17	52.2 bp −$522	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.57 bp	10.1 bp −$10	29.9 bp −$299	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
ApeX Omni PENGUUSDT	−0.0359%	1h	0.008737	+0.379%	$80K	$242K	50x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008706	+0.023%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008709	+0.053%	$32K	—	150x	as long as short
Gate PENGU_USDTlong	+0.0018%	4h	0.008704	long leg	$3.3M	$15.5M	75x
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.977%	$3K	$117K	5.5x	as long as short
01 Exchange PENGUUSD	+0.0048%	1h	0.008702	−0.023%	$199	$64	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008708	+0.046%	$310K	$712K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008709	+0.057%	$23K	$132K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008707	+0.034%	$583K	$1.0M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008704	0.000%	$8.1M	$14.7M	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PENGUUSDT	+0.0100%	4h	0.008711	+0.076%	$120K	$579K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008706	+0.023%	$153K	$243K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008708	+0.046%	$36.2M	$161.2M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008705	+0.011%	$23.0M	$39.0M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008705	+0.011%	$7.2M	$46.5M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008700	−0.046%	$19K	$23K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008705	+0.011%	$11.1M	$12.2M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008707	+0.034%	$4.8M	$9.2M	75x	as long as short
Bitget PENGUUSDTshort	+0.0100%	4h	0.008702	−0.023%	$8.2M	$12.2M	75x
BingX PENGU-USDC	+0.0100%	4h	0.008689	−0.172%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008704	0.000%	$297K	$293K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008747	+0.495%	$870K	$985K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008757	+0.607%	$460K	$2.1M	10x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008928	+2.574%	$3K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008706	+0.023%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008723	+0.218%	$91K	$372K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008697	−0.079%	$184K	$942K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008700	−0.046%	$201K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008709	+0.054%	$294	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008736	+0.368%	$1.5M	$3.5M	75x	as long as short
Kraken Futures PF_PENGUUSD	+0.0368%	1h	0.008714	+0.116%	$341K	$2.4M	50x	as long as short
dYdX PENGU-USD	+0.0416%	1h	0.008704	−0.001%	$11K	$5K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0509% / S −0.0439%	1h	0.008707	+0.034%	$128K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2928%	1h	0.008967	+3.022%	$95K	$61K	50x	as long as short