PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$0.60 per $10,000 · paid last 24h +0.035%

Price spread now: MEXC against Gate+0.011%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$410.409% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.088%+$9 on $10k

Price spread, last 7 days−0.016%−$2 · spread now +0.011%, 7d avg −0.004%

Together, before fees+0.073%+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PENGU_USDT	0.008950	−0.0020	get 0.0010% / 4h	3h 28m	$3.4M	$16.4M	75x
Short	MEXC PENGU_USDT	0.008951	0.0100	get 0.0050% / 4h	3h 28m	$11.0M	$12.6M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.011%Rate

Funding earned: $25.2
Price spread: +0.011% → −0.004%: $1.52
Slippage, 4 orders: −$25.89
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 0 bp × 2 orders: $0
Net: −$14.17
Costs to cover: 0.409%
Break-even: 10.9 days

Slippage from Gate: live order book, 5 min ago; MEXC: 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	3.35 bp	16.0 bp −$16	47.1 bp −$471	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.56 bp	2.5 bp −$3	14.1 bp −$141	57.4 bp −$5,741	135.3 bp −$67.7K

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
Gate PENGU_USDTlong	−0.0020%	4h	0.008950	long leg	$3.4M	$16.4M	75x
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008963	+0.145%	$19K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008972	+0.248%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−1.799%	$3K	$117K	5.5x	as long as short
dYdX PENGU-USD	+0.0038%	1h	0.008957	+0.076%	$12K	$5K	5x	as long as short
01 Exchange PENGUUSD	+0.0080%	1h	0.008970	+0.223%	$205	$64	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008960	+0.112%	$326K	$751K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008964	+0.156%	$601K	$1.0M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008967	+0.190%	$8.4M	$14.8M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008957	+0.084%	$138K	$640K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PENGU	+0.0100%	1h	0.008956	+0.067%	$137K	$272K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008954	+0.048%	$38.3M	$171.7M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008944	−0.067%	$23.8M	$41.0M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008943	−0.078%	$7.8M	$50.1M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008960	+0.112%	$19K	$25K	5x	as long as short
MEXC PENGU_USDTshort	+0.0100%	4h	0.008951	+0.011%	$11.0M	$12.6M	125x
KuCoin PENGUUSDTM	+0.0100%	4h	0.008960	+0.112%	$5.0M	$9.4M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008958	+0.089%	$8.7M	$12.9M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008949	−0.011%	—	$3.5M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008955	+0.056%	$299K	$327K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009000	+0.558%	$939K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009016	+0.740%	$470K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009018	+0.760%	$82K	$251K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008967	+0.190%	$24K	$102K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009188	+2.659%	$2K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008964	+0.156%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008979	+0.324%	$93K	$379K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008944	−0.063%	$186K	$939K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008956	+0.067%	$207K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008970	+0.223%	$303	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008960	+0.112%	$1.5M	$4.2M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0504% / S −0.0415%	1h	0.008970	+0.223%	$128K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0610%	1h	0.008966	+0.179%	$351K	$2.4M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2704%	1h	0.009007	+0.637%	$95K	$62K	50x	as long as short