PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0091%/8h= +10.0% APRnext payment +$0.11 per $10,000 · paid last 24h +0.413%

Price spread now: dYdX against Deribit−0.136%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 dYdX

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. dYdX is 0.136% cheaper against Deribit than usual: you would sell low and buy high (spread −0.136% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 5.0 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit PENGU_USDC-PERPETUAL	0.008953	0	get 0.0000% / 1h	14m 15s	$19K	$10K	10x
Short	dYdX PENGU-USD	0.008941	0.0091	get 0.0011% / 1h	14m 15s	$12K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.136%Rate

Funding earned: $19.12
Price spread: −0.136% → 0.000%: −$13.64
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$11.52
Costs to cover: 0.170%
Break-even: 11.2 days

Slippage unknown: Deribit: no order-book sample; dYdX: 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 Deribit no order-book sample	—	—	—	—	—
Sell dYdX no order-book sample	—	—	—	—	—

Deribit and dYdX: 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	−0.0386%	1h	0.008965	+0.130%	$373K	$2.3M	50x	as long as short
Gate PENGU_USDT	−0.0320%	4h	0.008953	0.000%	$3.5M	$15.8M	75x	as long as short
01 Exchange PENGUUSD	−0.0200%	1h	0.008951	−0.022%	$205	$59	5x	as long as short
Variational Omni PENGU	−0.0157%	4h	0.008900	−0.591%	$913K	$970K	—	as long as short
Deribit PENGU_USDC-PERPETUALlong	0.0000%	1h	0.008953	long leg	$19K	$10K	10x
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008954	+0.006%	$34K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−1.832%	$3K	$117K	5.5x	as long as short
dYdX PENGU-USDshort	+0.0091%	1h	0.008941	−0.136%	$12K	$4K	5x
Lighter PENGU	+0.0096%	1h	0.008960	+0.078%	$311K	$730K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008954	+0.011%	$24K	$175K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid PENGU	+0.0100%	1h	0.008954	+0.011%	$8.4M	$15.4M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008955	+0.022%	$192K	$465K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008943	−0.112%	$154K	$240K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008958	+0.056%	$37.6M	$155.7M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008952	−0.011%	$23.5M	$37.4M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008954	+0.011%	$7.7M	$48.2M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008950	−0.034%	$20K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008957	+0.045%	$13.1M	$12.9M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008951	−0.022%	$4.8M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008955	+0.022%	$8.5M	$12.7M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008944	−0.101%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008949	−0.045%	$308K	$323K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008880	−0.819%	$475K	$2.0M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008869	−0.938%	$81K	$250K	50x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008943	−0.106%	$708K	$765K	5x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009166	+2.379%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008951	−0.022%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008956	+0.034%	$92K	$300K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008946	−0.073%	$184K	$935K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008945	−0.089%	$207K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008949	−0.047%	$302	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008946	−0.078%	$1.5M	$3.0M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0522% / S −0.0723%	1h	0.008956	+0.034%	$118K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1648%	1h	0.009008	+0.614%	$96K	$104K	50x	as long as short