PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0124%/8h= +13.6% APRnext payment +$0.62 per $10,000 · paid last 24h +0.035%

Price spread now: KuCoin against Gate+0.216%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$730.728% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.115%+$11 on $10k

Price spread, last 7 days−0.252%−$25 · spread now +0.216%, 7d avg +0.016%

Together, before fees−0.137%−$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and KuCoin is 0.200% dearer against Gate than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PENGU_USDT	0.008795	−0.0024	get 0.0012% / 4h	2h 43m	$3.4M	$15.4M	75x
Short	KuCoin PENGUUSDTM	0.008814	0.0100	get 0.0050% / 4h	2h 43m	$4.7M	$9.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.216%Rate

Funding earned: $26.04
Price spread: +0.216% → +0.016%: $19.98
Slippage, 4 orders: −$45.81
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$26.79
Costs to cover: 0.728%
Break-even: 14.2 days

Slippage from Gate: live order book, 5 min ago; KuCoin: 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 Gate live order book, 5 min ago	2.84 bp	16.2 bp −$16	47.3 bp −$473	doesn't fit	doesn't fit
Sell KuCoin live order book, 9 min ago	1.13 bp	25.4 bp −$25	68.0 bp −$680	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
Nado PENGU-PERP	−0.0116%	1h	0.008799	+0.045%	$562K	$960K	5x	as long as short
Variational Omni PENGU	−0.0050%	4h	0.008788	−0.078%	$876K	$1.0M	—	as long as short
ApeX Omni PENGUUSDT	−0.0034%	1h	0.008823	+0.318%	$80K	$248K	50x	as long as short
Gate PENGU_USDTlong	−0.0024%	4h	0.008795	long leg	$3.4M	$15.4M	75x
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008808	+0.148%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008803	+0.090%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.068%	$3K	$117K	5.5x	as long as short
01 Exchange PENGUUSD	+0.0056%	1h	0.008806	+0.125%	$201	$64	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008807	+0.136%	$311K	$706K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0097%	4h	0.008800	+0.057%	$19K	$176K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid PENGU	+0.0100%	1h	0.008819	+0.273%	$8.3M	$15.0M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008817	+0.247%	$169K	$442K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008806	+0.125%	$152K	$242K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008799	+0.050%	$37.3M	$157.0M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008794	−0.011%	$22.9M	$37.9M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008800	+0.057%	$7.5M	$47.6M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008800	+0.057%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008795	0.000%	$12.2M	$12.8M	125x	as long as short
KuCoin PENGUUSDTMshort	+0.0100%	4h	0.008814	+0.216%	$4.7M	$9.0M	75x
Bitget PENGUUSDT	+0.0100%	4h	0.008803	+0.091%	$8.3M	$12.6M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008797	+0.023%	—	$3.6M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008812	+0.193%	$302K	$323K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008848	+0.601%	$471K	$2.1M	10x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009012	+2.467%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008804	+0.102%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008800	+0.057%	$89K	$327K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008798	+0.029%	$181K	$940K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008808	+0.148%	$203K	—	3x	as long as short
dYdX PENGU-USD	+0.0154%	1h	0.008807	+0.133%	$12K	$4K	5x	as long as short
Kraken Futures PF_PENGUUSD	+0.0210%	1h	0.008815	+0.223%	$364K	$2.3M	50x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008791	−0.042%	$297	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008832	+0.421%	$1.5M	$3.2M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0512% / S −0.0708%	1h	0.008800	+0.057%	$114K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1352%	1h	0.008967	+1.956%	$95K	$104K	50x	as long as short