PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.055%

Price spread now: SoDEX against Deribit+0.067%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 SoDEX

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 for this trade now. Funding pays +$3 a day on $10k at the current rate, and SoDEX is 0.067% dearer against Deribit than usual: you sell high and buy low: +$7 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	0.008960	0	get 0.0000% / 1h	57m 26s	$19K	$10K	10x
Short	SoDEX PENGU-USD	0.008966	0.0100	get 0.0013% / 1h	57m 26s	$1K	$5K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.067%Rate

Funding earned: $21
Price spread: +0.067% → 0.000%: $6.7
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $12.7
Costs to cover: 0.150%
Break-even: 2.8 days

Slippage unknown: Deribit: no order-book sample; SoDEX: 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 SoDEX no order-book sample	—	—	—	—	—

Deribit and SoDEX: 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
dYdX PENGU-USD	0.0000%	1h	0.008964	+0.041%	$12K	$5K	5x	as long as short
Deribit PENGU_USDC-PERPETUALlong	0.0000%	1h	0.008960	long leg	$19K	$10K	10x
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008942	−0.204%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−1.908%	$3K	$117K	5.5x	as long as short
01 Exchange PENGUUSD	+0.0064%	1h	0.008950	−0.112%	$205	$64	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008968	+0.089%	$319K	$717K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008959	−0.011%	$602K	$1.0M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008965	+0.056%	$8.4M	$14.7M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008962	+0.024%	$129K	$595K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008960	0.000%	$158K	$243K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PENGUUSDT	+0.0100%	4h	0.008952	−0.093%	$38.2M	$166.7M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008955	−0.056%	$23.7M	$39.9M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008958	−0.022%	$7.7M	$48.8M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008950	−0.112%	$19K	$24K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.008953	−0.078%	$3.4M	$15.9M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008958	−0.022%	$10.9M	$12.3M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008963	+0.033%	$4.9M	$9.2M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008968	+0.089%	$8.7M	$12.7M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008953	−0.078%	—	$3.5M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008966	+0.067%	$296K	$326K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008928	−0.358%	$931K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008918	−0.473%	$476K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008916	−0.491%	$81K	$242K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008962	+0.022%	$24K	$87K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009179	+2.444%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USDshort	+0.0100%	1h	0.008966	+0.067%	$1K	$5K	5x
HTX PENGU-USDT	+0.0100%	4h	0.008975	+0.167%	$93K	$377K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008948	−0.134%	$185K	$943K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008952	−0.089%	$207K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008962	+0.025%	$303	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008907	−0.592%	$1.5M	$3.9M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0512% / S −0.0572%	1h	0.008939	−0.234%	$120K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0610%	1h	0.008975	+0.168%	$351K	$2.4M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2704%	1h	0.008962	+0.022%	$95K	$60K	50x	as long as short