PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0040%/8h= +4.3% APRnext payment +$0.20 per $10,000 · paid last 24h +0.020%

Price spread now: MEXC against Variational Omni−0.169%7-day average +0.025% · you buy dearer than you sell

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

Long on Variational Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.033%+$3 on $10k

Price spread, last 4 days (all we have)−0.840%−$84 · spread now −0.169%, 7d avg +0.025%

Together, before fees−0.807%+ Points / potential airdropVariational Omni: Active · farm board−$81 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.194% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.169% now, against its 7-day average of +0.025%). If the spread goes back, that is −$19 on $10k: about 16 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni PENGU	0.008804	0.0060	pay 0.0030% / 4h	2h 20m	$876K	$999K	—
Short	MEXC PENGU_USDT	0.008789	0.0100	get 0.0050% / 4h	2h 20m	$11.9M	$12.9M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 MEXCbpOrdersPrice spread, now −0.169%Rate

Funding earned: $8.3
Price spread: −0.169% → +0.025%: −$19.41
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee MEXC: 0 bp × 2 orders: $0
Net: −$11.12
Costs to cover: 0.000%
Break-even: 16.4 days

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; MEXC: 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	3.40 bp	doesn't fit	22.7 bp −$227	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.57 bp	2.6 bp −$3	13.0 bp −$130	64.5 bp −$6,454	111.8 bp −$55.9K

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	0.008788	−0.180%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008786	−0.201%	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.169%	$3K	$117K	5.5x	as long as short
Gate PENGU_USDT	+0.0052%	4h	0.008789	−0.169%	$3.4M	$15.6M	75x	as long as short
Variational Omni PENGUlong	+0.0060%	4h	0.008804	long leg	$876K	$999K	—
01 Exchange PENGUUSD	+0.0088%	1h	0.008787	−0.192%	$201	$64	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008792	−0.135%	$311K	$707K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008785	−0.214%	$19K	$161K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008782	−0.246%	$591K	$990K	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008794	−0.112%	$8.2M	$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	0.008787	−0.188%	$142K	$509K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008789	−0.169%	$155K	$245K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008790	−0.163%	$37.6M	$157.6M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008781	−0.260%	$23.0M	$38.3M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008790	−0.158%	$7.5M	$47.5M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008780	−0.271%	$19K	$24K	5x	as long as short
MEXC PENGU_USDTshort	+0.0100%	4h	0.008789	−0.169%	$11.9M	$12.9M	125x
KuCoin PENGUUSDTM	+0.0100%	4h	0.008788	−0.180%	$4.7M	$9.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008795	−0.101%	$8.3M	$12.7M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008791	−0.146%	—	$3.6M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008792	−0.135%	$301K	$300K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008820	+0.184%	$472K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008813	+0.104%	$80K	$249K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008998	+2.205%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008787	−0.192%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008812	+0.092%	$94K	$337K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008784	−0.224%	$181K	$939K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008779	−0.283%	$203K	—	3x	as long as short
Kraken Futures PF_PENGUUSD	+0.0210%	1h	0.008796	−0.091%	$359K	$2.3M	50x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008784	−0.224%	$297	—	10x	as long as short
dYdX PENGU-USD	+0.0299%	1h	0.008790	−0.156%	$12K	$4K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0512% / S −0.0708%	1h	0.008786	−0.203%	$114K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1352%	1h	0.008967	+1.853%	$95K	$94K	50x	as long as short