PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0207%/8h= −22.7% APRnext payment −$0.26 per $10,000 · paid last 24h −0.011%

Price spread now: gTrade (Gains Network) against Kraken Futures−0.144%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 gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 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 −$6 a day on $10k at the current rate, and gTrade (Gains Network) is 0.144% cheaper against Kraken Futures than usual: you would sell low and buy high (−$14 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	0.008808	0.0210	pay 0.0026% / 1h	18m 38s	$359K	$2.3M	50x
Short	gTrade (Gains Network) PENGU/USD	0.008795	L +0.0007% / S −0.0003%	get 0.0000% / 1h	18m 38s	$32K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.144%Rate

Funding earned: −$43.48
Price spread: −0.144% → 0.000%: −$14.38
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$77.86
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 5 min ago; gTrade (Gains Network): 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	1.70 bp	20.1 bp −$20	55.1 bp −$551	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008800	−0.091%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USDshort	L +0.0007% / S −0.0003%	1h	0.008795	−0.144%	$32K	—	150x
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.216%	$3K	$117K	5.5x	as long as short
Variational Omni PENGU	+0.0060%	4h	0.008804	−0.047%	$876K	$999K	—	as long as short
Gate PENGU_USDT	+0.0066%	4h	0.008810	+0.022%	$3.4M	$15.6M	75x	as long as short
01 Exchange PENGUUSD	+0.0088%	1h	0.008804	−0.046%	$201	$64	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008823	+0.170%	$312K	$707K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008799	−0.103%	$19K	$161K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008799	−0.103%	$592K	$992K	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008820	+0.136%	$8.3M	$14.9M	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	0.008814	+0.071%	$143K	$509K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008818	+0.113%	$155K	$245K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008806	−0.024%	$37.6M	$157.5M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008799	−0.103%	$23.1M	$38.3M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008805	−0.035%	$7.5M	$47.6M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008800	−0.091%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008818	+0.113%	$12.0M	$12.9M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008813	+0.056%	$4.7M	$9.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008809	+0.011%	$8.3M	$12.7M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008813	+0.056%	—	$3.6M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008805	−0.035%	$302K	$300K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008820	+0.136%	$472K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008811	+0.034%	$80K	$249K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009004	+2.225%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008800	−0.091%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008824	+0.181%	$94K	$337K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008807	−0.015%	$184K	$944K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008792	−0.182%	$203K	—	3x	as long as short
Kraken Futures PF_PENGUUSDlong	+0.0210%	1h	0.008808	long leg	$359K	$2.3M	50x
Reya PENGURUSDPERP	+0.0238%	1h	0.008805	−0.040%	$297	—	10x	as long as short
dYdX PENGU-USD	+0.0300%	1h	0.008807	−0.016%	$12K	$4K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0512% / S −0.0708%	1h	0.008793	−0.171%	$114K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1352%	1h	0.008967	+1.805%	$95K	$94K	50x	as long as short