PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.1749%/8h= −191.5% APRnext payment −$2.19 per $10,000 · paid last 24h −0.665%

Price spread now: gTrade (Gains Network) against Coinbase International−0.802%7-day average — · you buy dearer than you sell

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

Long on Coinbase International 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 −$52 a day on $10k at the current rate, and gTrade (Gains Network) is 0.802% cheaper against Coinbase International than usual: you would sell low and buy high (−$80 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	Coinbase International PENGU-PERP-INTX	0.008825	0.1752	pay 0.0219% / 1h	22m 54s	$78K	$76K	50x
Short	gTrade (Gains Network) PENGU/USD	0.008754	L +0.0007% / S −0.0003%	get 0.0000% / 1h	22m 54s	$32K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Coinbase International. 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 Coinbase InternationalbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.802%Rate

Funding earned: −$367.3
Price spread: −0.802% → 0.000%: −$80.2
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$467.51
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; 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 Coinbase International no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

Coinbase International and 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 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	0.008758	−0.759%	$17K	$12K	10x	as long as short
gTrade (Gains Network) PENGU/USDshort	L +0.0007% / S −0.0003%	1h	0.008754	−0.802%	$32K	—	150x
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.408%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008759	−0.748%	$317K	$750K	8x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008768	−0.646%	$8.0M	$15.0M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008772	−0.603%	$120K	$667K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008758	−0.759%	$133K	$274K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008776	−0.557%	$37.0M	$177.3M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008761	−0.725%	$23.2M	$41.9M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008769	−0.635%	$7.5M	$50.7M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus PENGU-USD	+0.0100%	1h	0.008750	−0.850%	$18K	$26K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.008757	−0.771%	$3.3M	$16.5M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008771	−0.612%	$10.4M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008761	−0.725%	$4.9M	$9.7M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008771	−0.612%	$8.4M	$13.4M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008766	−0.669%	—	$3.7M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008759	−0.748%	$289K	$338K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008742	−0.940%	$913K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008765	−0.680%	$458K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008750	−0.850%	$79K	$251K	50x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008749	−0.861%	$587K	$1.1M	5x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008756	−0.782%	$23K	$173K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008960	+1.530%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008757	−0.771%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008765	−0.680%	$91K	$392K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008771	−0.610%	$182K	$872K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008749	−0.861%	$202K	—	3x	as long as short
01 Exchange PENGUUSD	+0.0176%	1h	0.008753	−0.816%	$200	$64	5x	as long as short
dYdX PENGU-USD	+0.0187%	1h	0.008759	−0.749%	$12K	$6K	5x	as long as short
Reya PENGURUSDPERP	+0.0240%	1h	0.008750	−0.853%	$295	—	10x	as long as short
Kraken Futures PF_PENGUUSD	+0.0322%	1h	0.008761	−0.724%	$319K	$2.4M	50x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008757	−0.771%	$1.5M	$4.4M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0500% / S −0.0466%	1h	0.008751	−0.839%	$121K	—	100x	as long as short
Coinbase International PENGU-PERP-INTXlong	+0.1752%	1h	0.008825	long leg	$78K	$76K	50x