PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0648%/8h= −70.9% APRnext payment −$0.81 per $10,000 · paid last 24h −0.042%

Price spread now: Deribit against Kraken Futures−0.114%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Deribit is 0.114% cheaper against Kraken Futures than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_PENGUUSD	0.008784	0.0648	pay 0.0081% / 1h	53m 24s	$354K	$2.3M	50x
Short	Deribit PENGU_USDC-PERPETUAL	0.008774	0	get 0.0000% / 1h	53m 24s	$18K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Kraken Futures. 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 Kraken FuturesbpFee DeribitbpOrdersPrice spread, now −0.114%Rate

Funding earned: −$135.99
Price spread: −0.114% → 0.000%: −$11.41
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$164.4
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 5 min ago; Deribit: no order-book sample. 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 Kraken Futures live order book, 5 min ago	3.99 bp	28.2 bp −$28	63.1 bp −$631	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PENGU on 33 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	−0.1212%	1h	0.008733	−0.581%	$80K	$243K	50x	as long as short
Deribit PENGU_USDC-PERPETUALshort	0.0000%	1h	0.008774	−0.114%	$18K	$10K	10x
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008775	−0.104%	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.057%	$3K	$117K	5.5x	as long as short
Gate PENGU_USDT	+0.0048%	4h	0.008766	−0.205%	$3.4M	$15.4M	75x	as long as short
Lighter PENGU	+0.0096%	1h	0.008763	−0.239%	$311K	$707K	8x	as long as short
01 Exchange PENGUUSD	+0.0096%	1h	0.008762	−0.251%	$200	$64	5x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008776	−0.091%	$19K	$160K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008760	−0.274%	$590K	$984K	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008767	−0.194%	$8.2M	$14.6M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PENGUUSDT	+0.0100%	4h	0.008761	−0.266%	$132K	$523K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008761	−0.262%	$154K	$243K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008771	−0.147%	$37.3M	$156.4M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008770	−0.160%	$23.1M	$38.0M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008774	−0.114%	$7.5M	$46.2M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008760	−0.274%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008766	−0.205%	$11.8M	$12.3M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008764	−0.228%	$4.7M	$9.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008775	−0.103%	$8.3M	$12.3M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008765	−0.217%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008761	−0.262%	$300K	$280K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008816	+0.365%	$870K	$985K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008748	−0.415%	$464K	$2.1M	10x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008983	+2.265%	$2K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008776	−0.091%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008791	+0.079%	$92K	$340K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008754	−0.343%	$184K	$941K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008772	−0.137%	$203K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008760	−0.274%	$296	—	10x	as long as short
dYdX PENGU-USD	+0.0253%	1h	0.008760	−0.269%	$12K	$4K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0512% / S −0.0582%	1h	0.008774	−0.114%	$119K	—	100x	as long as short
Kraken Futures PF_PENGUUSDlong	+0.0648%	1h	0.008784	long leg	$354K	$2.3M	50x
Coinbase International PENGU-PERP-INTX	+0.2296%	1h	0.008967	+2.083%	$95K	$94K	50x	as long as short