PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.092%

Price spread now: BloFin against Variational Omni+0.122%71s7-day average +0.046% · you sell dearer than you buy

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

Long on Variational Omni Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.282%+$28 on $10k

Price spread, last 4 days (all we have)+0.055%+$5 · spread now +0.122%, 7d avg +0.046%

Together, before fees+0.336%+ Points / potential airdropVariational Omni: Active · farm board+$34 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.076% dearer against Variational Omni than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.046%. The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni PENGU	0.009060	0.0100	pay 0.0050% / 4h	3h 50m	$945K	$1.0M	—
Short	BloFin PENGU-USDT	0.009071	0.0340	get 0.0170% / 4h	3h 50m	$1.5M	$4.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Variational Omni. 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 Variational OmnibpFee BloFinbpOrdersPrice spread, now +0.122%Rate

Funding earned: $50.4
Price spread: +0.122% → +0.046%: $7.6
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: $46
Costs to cover: 0.120%
Break-even: 0.6 days

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; BloFin: live order book, 3 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 Variational Omni RFQ quote, 4 min ago	3.89 bp	doesn't fit	26.1 bp −$261	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	8.27 bp	15.8 bp −$16	21.9 bp −$219	56.2 bp −$5,619	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
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.009033	−0.297%	$19K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.009031	−0.324%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−2.990%	$3K	$117K	5.5x	as long as short
dYdX PENGU-USD	+0.0036%	1h	0.009045	−0.162%	$12K	$5K	5x	as long as short
01 Exchange PENGUUSD	+0.0080%	1h	0.009036	−0.264%	$207	$64	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.009046	−0.154%	$334K	$737K	8x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.009042	−0.198%	$8.5M	$14.8M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009034	−0.284%	$130K	$600K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009044	−0.176%	$159K	$243K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009032	−0.308%	$38.8M	$169.1M	75x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit PENGUUSDT	+0.0100%	4h	0.009024	−0.396%	$24.0M	$40.4M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009026	−0.374%	$7.8M	$49.8M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009040	−0.220%	$19K	$24K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.009038	−0.242%	$3.4M	$16.0M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009028	−0.352%	$11.1M	$12.4M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009029	−0.341%	$4.9M	$9.3M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009034	−0.286%	$8.8M	$12.8M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.009035	−0.275%	—	$3.5M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009028	−0.352%	$302K	$330K	10x	as long as short
Variational Omni PENGUlong	+0.0100%	4h	0.009060	long leg	$945K	$1.0M	—
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009065	+0.056%	$476K	$2.1M	10x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009031	−0.314%	$607K	$1.0M	5x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009032	−0.308%	$24K	$83K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009248	+2.076%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009034	−0.286%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009051	−0.098%	$94K	$378K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009021	−0.435%	$187K	$944K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009028	−0.352%	$209K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.009030	−0.333%	$305	—	10x	as long as short
BloFin PENGU-USDTshort	+0.0340%	4h	0.009071	+0.122%	$1.5M	$4.1M	75x
GMX PENGU/USD [WBTC.b-USDC]	L +0.0515% / S −0.0477%	1h	0.009030	−0.330%	$127K	—	100x	as long as short
ApeX Omni PENGUUSDT	+0.0577%	1h	0.009083	+0.255%	$92K	$247K	50x	as long as short
Kraken Futures PF_PENGUUSD	+0.0605%	1h	0.009042	−0.196%	$352K	$2.4M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2704%	1h	0.008976	−0.926%	$96K	$61K	50x	as long as short