PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.036%

Price spread now: Nado against Deribit+0.047%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 Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Nado is 0.047% dearer against Deribit than usual: you sell high and buy low: +$5 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	0.009085	0	get 0.0000% / 1h	58m 11s	$1K	$27K	10x
Short	Nado PENGU-PERP	0.009089	0.0100	get 0.0013% / 1h	58m 11s	$652K	$1.1M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.047%Rate

Funding earned: $21
Price spread: +0.047% → 0.000%: $4.68
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $11.68
Costs to cover: 0.140%
Break-even: 3.1 days

Slippage unknown: Deribit: no order-book sample; Nado: live order book, 3 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 Nado live order book, 3 min ago	1.65 bp	9.7 bp −$10	23.2 bp −$232	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 exchanges

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-PERPETUALlong	0.0000%	1h	0.009085	long leg	$1K	$27K	10x
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.009081	−0.044%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−3.258%	$3K	$117K	5.5x	as long as short
Backpack PENGU_USDC_PERP	+0.0057%	1h	0.009079	−0.066%	$305K	$365K	10x	as long as short
Kraken Futures PF_PENGUUSD	+0.0064%	1h	0.009087	+0.027%	$334K	$2.6M	50x	as long as short
Lighter PENGU	+0.0096%	1h	0.009089	+0.044%	$326K	$699K	8x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009086	+0.009%	$136K	$779K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009101	+0.176%	$138K	$225K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009082	−0.032%	$40.0M	$192.4M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009072	−0.143%	$24.6M	$46.6M	75x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009074	−0.121%	$8.4M	$56.4M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009090	+0.055%	$18K	$26K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.009077	−0.088%	$3.7M	$17.8M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009082	−0.033%	$12.3M	$12.3M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009083	−0.022%	$5.1M	$10.5M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009086	+0.011%	$8.8M	$14.3M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.009070	−0.165%	—	$2.3M	—	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009084	−0.007%	$917K	$1.2M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009158	+0.803%	$479K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009102	+0.187%	$82K	$248K	50x	as long as short
Nado PENGU-PERPshort	+0.0100%	1h	0.009089	+0.047%	$652K	$1.1M	5x
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009083	−0.022%	$23K	$357K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009301	+2.378%	$2K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009082	−0.033%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009103	+0.198%	$93K	$368K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009077	−0.088%	$186K	$743K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009081	−0.044%	$210K	—	3x	as long as short
Hyperliquid PENGU	+0.0128%	1h	0.009092	+0.077%	$9.8M	$17.0M	5x	as long as short
Reya PENGURUSDPERP	+0.0241%	1h	0.009077	−0.084%	$307	—	10x	as long as short
01 Exchange PENGUUSD	+0.0304%	1h	0.009097	+0.132%	$208	$141	5x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009097	+0.132%	$1.6M	$5.3M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0434% / S −0.0357%	1h	0.009092	+0.077%	$105K	—	100x	as long as short
dYdX PENGU-USD	+0.0968%	1h	0.009109	+0.270%	$20K	$21K	5x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2136%	1h	0.009222	+1.508%	$84K	$95K	50x	as long as short