PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0057%/8h= +6.2% APRnext payment +$0.28 per $10,000 · paid last 24h +0.020%

Price spread now: OKX against Variational Omni−0.249%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 OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.035%+$3 on $10k

Price spread, last 4 days (all we have)−0.734%−$73 · spread now −0.249%, 7d avg +0.025%

Together, before fees−0.699%+ Points / potential airdropVariational Omni: Active · farm board−$70 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.274% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.249% now, against its 7-day average of +0.025%). If the spread goes back, that is −$27 on $10k: about 16 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni PENGU	0.008835	0.0043	pay 0.0022% / 4h	2h 22m	$879K	$1.0M	—
Short	OKX PENGU-USDT-SWAP	0.008813	0.0100	get 0.0050% / 4h	2h 22m	$7.5M	$47.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.249%Rate

Funding earned: $11.88
Price spread: −0.249% → +0.025%: −$27.45
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$25.57
Costs to cover: 0.100%
Break-even: 22.1 days

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; OKX: live order book, 1 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, 2 min ago	3.40 bp	doesn't fit	22.7 bp −$227	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.57 bp	10.8 bp −$11	30.1 bp −$301	doesn't fit	doesn't fit

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	0.008820	−0.170%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008821	−0.160%	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.521%	$3K	$117K	5.5x	as long as short
Gate PENGU_USDT	+0.0042%	4h	0.008822	−0.148%	$3.4M	$15.6M	75x	as long as short
Variational Omni PENGUlong	+0.0043%	4h	0.008835	long leg	$879K	$1.0M	—
01 Exchange PENGUUSD	+0.0088%	1h	0.008826	−0.102%	$202	$64	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008820	−0.170%	$312K	$707K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008816	−0.216%	$19K	$161K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008833	−0.029%	$595K	$988K	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008833	−0.023%	$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	0.008832	−0.038%	$143K	$509K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008832	−0.034%	$155K	$245K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008815	−0.227%	$37.7M	$157.5M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008808	−0.306%	$23.1M	$38.3M	75x	as long as short
OKX PENGU-USDT-SWAPshort	+0.0100%	4h	0.008813	−0.249%	$7.5M	$47.6M	50x
Arcus PENGU-USD	+0.0100%	1h	0.008830	−0.057%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008831	−0.046%	$12.0M	$12.9M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008827	−0.091%	$4.7M	$9.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008822	−0.148%	$8.3M	$12.7M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008811	−0.272%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008814	−0.238%	$302K	$300K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008817	−0.201%	$472K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008824	−0.125%	$80K	$249K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009027	+2.173%	$2K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008814	−0.238%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008855	+0.226%	$94K	$337K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008814	−0.242%	$182K	$939K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008813	−0.249%	$204K	—	3x	as long as short
Kraken Futures PF_PENGUUSD	+0.0210%	1h	0.008824	−0.127%	$360K	$2.3M	50x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008828	−0.083%	$298	—	10x	as long as short
dYdX PENGU-USD	+0.0294%	1h	0.008822	−0.145%	$12K	$4K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0513% / S −0.0708%	1h	0.008820	−0.170%	$115K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1352%	1h	0.008967	+1.494%	$95K	$94K	50x	as long as short