PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.01 per $10,000 · paid last 24h +0.060%

Price spread now: 01 Exchange against Deribit+0.125%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 01 Exchange

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 $0 a day on $10k at the current rate, and 01 Exchange is 0.125% dearer against Deribit than usual: you sell high and buy low: +$12 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	0.008822	−0.0090	get 0.0011% / 1h	42m 55s	$19K	$9K	10x
Short	01 Exchange PENGUUSD	0.008833	−0.0080	pay 0.0010% / 1h	42m 55s	$202	$59	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.125%Rate

Funding earned: $2.1
Price spread: +0.125% → 0.000%: $12.47
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $0.57
Costs to cover: 0.140%
Break-even: 5.1 days

Slippage unknown: Deribit: no order-book sample; 01 Exchange: 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 01 Exchange no order-book sample	—	—	—	—	—

Deribit and 01 Exchange: 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	−0.0604%	1h	0.008831	+0.106%	$374K	$2.2M	50x	as long as short
Gate PENGU_USDT	−0.0296%	4h	0.008830	+0.091%	$3.5M	$15.5M	75x	as long as short
Deribit PENGU_USDC-PERPETUALlong	−0.0090%	1h	0.008822	long leg	$19K	$9K	10x
01 Exchange PENGUUSDshort	−0.0080%	1h	0.008833	+0.125%	$202	$59	5x
Bybit PENGUUSDT	−0.0050%	4h	0.008825	+0.034%	$22.9M	$36.1M	75x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008823	+0.011%	$34K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008715	−1.213%	$3K	$81K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008824	+0.023%	$302K	$726K	8x	as long as short
Nado PENGU-PERP	+0.0098%	1h	0.008823	+0.017%	$683K	$757K	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008827	+0.057%	$8.8M	$15.0M	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PENGUUSDT	+0.0100%	4h	0.008832	+0.116%	$175K	$449K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008828	+0.068%	$149K	$236K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008832	+0.110%	$36.6M	$151.8M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008832	+0.113%	$7.7M	$47.2M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008830	+0.091%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008833	+0.125%	$13.1M	$12.7M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008828	+0.068%	$4.8M	$8.8M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008838	+0.181%	$8.4M	$12.5M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008817	−0.057%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008824	+0.023%	$315K	$309K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008772	−0.571%	$801K	$735K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008809	−0.148%	$461K	$2.3M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008809	−0.147%	$80K	$253K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008823	+0.011%	$24K	$186K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009044	+2.516%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008821	−0.011%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008848	+0.295%	$92K	$250K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008831	+0.102%	$181K	$682K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008817	−0.057%	$204K	$17K	3x	as long as short
dYdX PENGU-USD	+0.0131%	1h	0.008834	+0.131%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERP	+0.0237%	1h	0.008822	+0.003%	$298	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008824	+0.023%	$1.5M	$2.7M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0511% / S −0.0711%	1h	0.008822	0.000%	$115K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2504%	1h	0.008854	+0.363%	$95K	$101K	50x	as long as short