PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0016%/8h= +1.8% APRnext payment +$0.02 per $10,000 · paid last 24h +0.056%

Price spread now: Aevo against Deribit−0.101%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 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

Funding pays, the price is against you. Aevo is 0.101% cheaper against Deribit than usual: you would sell low and buy high (spread −0.101% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 21 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit PENGU_USDC-PERPETUAL	0.008890	0.0088	pay 0.0011% / 1h	29m 04s	$18K	$10K	10x
Short	Aevo PENGU-PERP	0.008881	0.0104	get 0.0013% / 1h	29m 04s	$205K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Deribit. 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 DeribitbpFee AevobpOrdersPrice spread, now −0.101%Rate

Funding earned: $3.36
Price spread: −0.101% → 0.000%: −$10.12
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$29.76
Costs to cover: 0.230%
Break-even: 69.0 days

Slippage unknown: Deribit: no order-book sample; Aevo: live order book, 30 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 Deribit no order-book sample	—	—	—	—	—
Sell Aevo live order book, 30 min ago	11.44 bp	35.7 bp −$36	doesn't fit	doesn't fit	doesn't fit

Deribit: 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
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008886	−0.050%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−1.136%	$3K	$117K	5.5x	as long as short
Gate PENGU_USDT	+0.0068%	4h	0.008873	−0.191%	$3.3M	$15.7M	75x	as long as short
01 Exchange PENGUUSD	+0.0088%	1h	0.008870	−0.225%	$203	$64	5x	as long as short
Deribit PENGU_USDC-PERPETUALlong	+0.0088%	1h	0.008890	long leg	$18K	$10K	10x
Lighter PENGU	+0.0096%	1h	0.008885	−0.056%	$316K	$718K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008890	0.000%	$23K	$123K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008875	−0.163%	$597K	$1.0M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008874	−0.180%	$8.2M	$14.7M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008889	−0.012%	$123K	$588K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PENGU	+0.0100%	1h	0.008860	−0.337%	$156K	$241K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008864	−0.288%	$37.1M	$162.6M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008860	−0.337%	$23.5M	$39.4M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008865	−0.281%	$7.4M	$47.6M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008870	−0.225%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008876	−0.157%	$11.0M	$12.3M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008883	−0.079%	$4.9M	$9.2M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008874	−0.180%	$8.3M	$12.3M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008875	−0.169%	—	$3.5M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008875	−0.169%	$294K	$309K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008831	−0.664%	$877K	$985K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008854	−0.409%	$461K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008788	−1.147%	$80K	$242K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009103	+2.396%	$3K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008886	−0.045%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008901	+0.124%	$93K	$371K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008885	−0.054%	$182K	$943K	10x	as long as short
Aevo PENGU-PERPshort	+0.0104%	1h	0.008881	−0.101%	$205K	—	3x
Reya PENGURUSDPERP	+0.0239%	1h	0.008885	−0.059%	$300	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008871	−0.214%	$1.5M	$3.7M	75x	as long as short
Kraken Futures PF_PENGUUSD	+0.0360%	1h	0.008894	+0.045%	$348K	$2.3M	50x	as long as short
dYdX PENGU-USD	+0.0494%	1h	0.008867	−0.256%	$12K	$5K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0516% / S −0.0584%	1h	0.008885	−0.056%	$121K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2928%	1h	0.008886	−0.045%	$95K	$61K	50x	as long as short