PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0396%/8h= +43.4% APRnext payment +$1.98 per $10,000 · paid last 24h +0.015%

Price spread now: HTX against Gate+0.220%7-day average +0.292% · you sell dearer than you buy

Net, funding: paid 7d − costs−$156as in the Funding arb table

Net, price: spread back to 7d avg − costs−$196as in the Price arb table

costs, in and out, $10k−$1891.886% of the position

Long on Gate Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.326%+$33 on $10k

Price spread, last 3 days (all we have)+0.002%$0 · spread now +0.220%, 7d avg +0.292%

Together, before fees+0.328%+$33 on $10k · with fees, hour by hour

Funding pays, the price is against you. HTX is 0.072% cheaper against Gate than usual: you would sell low and buy high (spread +0.220% now, against its 7-day average of +0.292%). If the spread goes back, that is −$7 on $10k: about 14 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.326% in total) that is about 37 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PENGU_USDT	0.008641	−0.0296	get 0.0148% / 4h	2h 04m	$3.4M	$15.5M	75x
Short	HTX PENGU-USDT	0.008660	0.0100	get 0.0050% / 4h	2h 04m	$90K	$250K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.220%Rate

Funding earned: $83.16
Price spread: +0.220% → +0.292%: −$7.17
Slippage, 4 orders: −$161.61
Fee Gate: 7.5 bp × 2 orders: −$15
Fee HTX: 6 bp × 2 orders: −$12
Net: −$112.62
Costs to cover: 1.886%
Break-even: 16.5 days

Slippage from Gate: live order book, 4 min ago; HTX: live order book, 17 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, 4 min ago	2.89 bp	17.0 bp −$17	40.2 bp −$402	doesn't fit	doesn't fit
Sell HTX live order book, 17 min ago	11.45 bp	140.2 bp −$140	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	−0.0553%	1h	0.008653	+0.142%	$383K	$2.1M	50x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0328%	1h	0.008648	+0.081%	$19K	$9K	10x	as long as short
Gate PENGU_USDTlong	−0.0296%	4h	0.008641	long leg	$3.4M	$15.5M	75x
Injective PENGU/USDC PERP	−0.0110%	1h	0.008715	+0.856%	$3K	$81K	5.5x	as long as short
Backpack PENGU_USDC_PERP	−0.0089%	1h	0.008642	+0.012%	$308K	$314K	10x	as long as short
01 Exchange PENGUUSD	−0.0016%	1h	0.008639	−0.023%	$198	$59	5x	as long as short
Bybit PENGUUSDT	−0.0004%	4h	0.008641	0.000%	$22.5M	$36.0M	75x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008648	+0.075%	$33K	—	150x	as long as short
dYdX PENGU-USD	+0.0014%	1h	0.008650	+0.099%	$11K	$4K	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008649	+0.093%	$295K	$725K	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	0.008639	−0.017%	$671K	$757K	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008644	+0.035%	$8.6M	$15.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008649	+0.089%	$171K	$448K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008639	−0.023%	$146K	$236K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008649	+0.093%	$35.8M	$151.2M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008648	+0.081%	$7.6M	$46.2M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008640	−0.012%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008641	0.000%	$12.8M	$12.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008645	+0.046%	$4.7M	$8.8M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008649	+0.093%	$8.2M	$12.5M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008632	−0.104%	—	$2.3M	—	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008636	−0.062%	$798K	$726K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008663	+0.258%	$453K	$2.4M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008656	+0.174%	$79K	$253K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008648	+0.081%	$23K	$186K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008851	+2.430%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008644	+0.035%	$983	$5K	5x	as long as short
HTX PENGU-USDTshort	+0.0100%	4h	0.008660	+0.220%	$90K	$250K	25x
Extended PENGU-USD	+0.0104%	1h	0.008644	+0.035%	$178K	$682K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008645	+0.046%	$200K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0237%	1h	0.008639	−0.020%	$292	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008636	−0.058%	$1.5M	$2.6M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0501% / S −0.0703%	1h	0.008648	+0.081%	$112K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2992%	1h	0.008699	+0.671%	$93K	$97K	50x	as long as short