PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.3203%/8h= +350.7% APRnext payment +$4.00 per $10,000 · paid last 24h +0.610%

Price spread now: Coinbase International against Deribit+2.747%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Coinbase International

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

Both sides work for this trade now. Funding pays +$96 a day on $10k at the current rate, and Coinbase International is 2.747% dearer against Deribit than usual: you sell high and buy low: +$275 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit PENGU_USDC-PERPETUAL	0.008665	−0.0211	get 0.0026% / 1h	48m 14s	$19K	$9K	10x
Short	Coinbase International PENGU-PERP-INTX	0.008903	0.2992	get 0.0374% / 1h	48m 14s	$94K	$97K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +2.747%Rate

Funding earned: $672.63
Price spread: +2.747% → 0.000%: $274.67
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $930.3
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Deribit: no order-book sample; Coinbase International: live order book, 60 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 Coinbase International live order book, 60 min ago	15.76 bp	25.8 bp −$26	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
Kraken Futures PF_PENGUUSD	−0.0552%	1h	0.008665	+0.002%	$384K	$2.1M	50x	as long as short
Bybit PENGUUSDT	−0.0373%	4h	0.008655	−0.115%	$22.7M	$35.7M	75x	as long as short
Gate PENGU_USDT	−0.0352%	4h	0.008654	−0.127%	$3.4M	$15.3M	75x	as long as short
Backpack PENGU_USDC_PERP	−0.0256%	1h	0.008650	−0.173%	$309K	$317K	10x	as long as short
Deribit PENGU_USDC-PERPETUALlong	−0.0211%	1h	0.008665	long leg	$19K	$9K	10x
Injective PENGU/USDC PERP	−0.0110%	1h	0.008715	+0.577%	$3K	$81K	5.5x	as long as short
dYdX PENGU-USD	0.0000%	1h	0.008661	−0.046%	$11K	$4K	5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008666	+0.009%	$33K	—	150x	as long as short
01 Exchange PENGUUSD	+0.0040%	1h	0.008661	−0.046%	$198	$59	5x	as long as short
ApeX Omni PENGUUSDT	+0.0054%	1h	0.008649	−0.185%	$79K	$254K	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter PENGU	+0.0096%	1h	0.008665	0.000%	$294K	$719K	8x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008665	0.000%	$8.7M	$15.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008661	−0.043%	$171K	$448K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008662	−0.035%	$142K	$232K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008664	−0.012%	$35.8M	$150.8M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008661	−0.046%	$7.7M	$46.4M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008660	−0.058%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008664	−0.012%	$12.8M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008662	−0.035%	$4.7M	$8.6M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008668	+0.035%	$8.2M	$12.5M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008652	−0.150%	—	$2.3M	—	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008646	−0.225%	$794K	$712K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008652	−0.150%	$453K	$2.4M	10x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008659	−0.063%	$672K	$758K	5x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008665	0.000%	$21K	$185K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008864	+2.297%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008661	−0.046%	$983	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008677	+0.138%	$91K	$248K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008660	−0.054%	$177K	$681K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008660	−0.058%	$200K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0237%	1h	0.008657	−0.094%	$292	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008658	−0.081%	$1.5M	$2.6M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0489% / S −0.0675%	1h	0.008665	0.000%	$108K	—	100x	as long as short
Coinbase International PENGU-PERP-INTXshort	+0.2992%	1h	0.008903	+2.747%	$94K	$97K	50x