PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0227%/8h= −24.8% APRnext payment −$1.13 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against HTX−0.336%7-day average −0.325% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.025%−$2 on $10k

Price spread, last 3 days (all we have)−0.010%−$1 · spread now −0.336%, 7d avg −0.325%

Together, before fees−0.035%+ Points / potential airdropVariational Omni: Active · farm board−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.325%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.025% in total (about -2.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.13 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PENGU-USDT	0.008837	0.0100	pay 0.0050% / 4h	52m 14s	$92K	$249K	25x
Short	Variational Omni PENGU	0.008807	−0.0127	pay 0.0063% / 4h	52m 14s	$804K	$802K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against HTX. 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 HTXbpFee Variational OmnibpOrdersPrice spread, now −0.336%Rate

Funding earned: −$47.57
Price spread: −0.336% → −0.325%: −$1.12
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$60.69
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 24 min ago; Variational Omni: RFQ quote, 27 min ago. Net counts fees only.

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 HTX live order book, 24 min ago	13.61 bp	19.6 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 27 min ago	3.98 bp	doesn't fit	23.3 bp −$233	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	−0.0339%	1h	0.008822	−0.171%	$367K	$2.2M	50x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0317%	1h	0.008810	−0.306%	$19K	$9K	10x	as long as short
Gate PENGU_USDT	−0.0260%	4h	0.008818	−0.215%	$3.4M	$15.6M	75x	as long as short
Bybit PENGUUSDT	−0.0232%	4h	0.008807	−0.339%	$22.9M	$36.6M	75x	as long as short
Variational Omni PENGUshort	−0.0127%	4h	0.008807	−0.336%	$804K	$802K	—
Injective PENGU/USDC PERP	−0.0114%	1h	0.008789	−0.543%	$3K	$117K	5.5x	as long as short
01 Exchange PENGUUSD	−0.0112%	1h	0.008812	−0.283%	$202	$59	5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008813	−0.267%	$34K	—	150x	as long as short
dYdX PENGU-USD	+0.0024%	1h	0.008832	−0.053%	$12K	$4K	5x	as long as short
Nado PENGU-PERP	+0.0081%	1h	0.008818	−0.215%	$688K	$761K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter PENGU	+0.0096%	1h	0.008812	−0.283%	$309K	$738K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008813	−0.272%	$23K	$186K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008815	−0.249%	$8.5M	$15.2M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008820	−0.188%	$191K	$467K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008820	−0.192%	$152K	$239K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008812	−0.283%	$36.6M	$153.8M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008814	−0.260%	$7.6M	$47.3M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008820	−0.192%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008813	−0.272%	$12.6M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008817	−0.226%	$4.8M	$8.9M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008823	−0.158%	$8.4M	$12.6M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008817	−0.226%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008811	−0.294%	$314K	$309K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008836	−0.011%	$462K	$2.2M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008819	−0.204%	$80K	$254K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009029	+2.173%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008810	−0.306%	$1K	$5K	5x	as long as short
HTX PENGU-USDTlong	+0.0100%	4h	0.008837	long leg	$92K	$249K	25x
Extended PENGU-USD	+0.0104%	1h	0.008808	−0.331%	$182K	$622K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008811	−0.294%	$204K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0237%	1h	0.008809	−0.317%	$297	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008825	−0.136%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0511% / S −0.0711%	1h	0.008815	−0.249%	$115K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2688%	1h	0.008850	+0.147%	$94K	$104K	50x	as long as short