PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0109%/8h= −11.9% APRnext payment −$0.14 per $10,000 · paid last 24h −0.387%

Price spread now: Backpack against dYdX−0.011%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Backpack

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX PENGU-USD	0.008751	0.0032	pay 0.0004% / 1h	35m 21s	$12K	$4K	5x
Short	Backpack PENGU_USDC_PERP	0.008750	−0.0076	pay 0.0010% / 1h	35m 21s	$312K	$308K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against dYdX. 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 dYdXbpFee BackpackbpOrdersPrice spread, now −0.011%Rate

Funding earned: −$22.79
Price spread: −0.011% → 0.000%: −$1.09
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$43.87
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; Backpack: live order book, 43 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 dYdX no order-book sample	—	—	—	—	—
Sell Backpack live order book, 43 min ago	0.57 bp	12.5 bp −$12	doesn't fit	doesn't fit	doesn't fit

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	−0.0342%	1h	0.008758	+0.082%	$368K	$2.3M	50x	as long as short
Gate PENGU_USDT	−0.0258%	4h	0.008735	−0.182%	$3.4M	$15.6M	75x	as long as short
Bybit PENGUUSDT	−0.0247%	4h	0.008732	−0.217%	$22.7M	$36.7M	75x	as long as short
01 Exchange PENGUUSD	−0.0216%	1h	0.008735	−0.182%	$200	$59	5x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0207%	1h	0.008752	+0.012%	$19K	$9K	10x	as long as short
Variational Omni PENGU	−0.0189%	4h	0.008745	−0.062%	$799K	$802K	—	as long as short
Injective PENGU/USDC PERP	−0.0114%	1h	0.008789	+0.435%	$3K	$117K	5.5x	as long as short
Backpack PENGU_USDC_PERPshort	−0.0076%	1h	0.008750	−0.011%	$312K	$308K	10x
Nado PENGU-PERP	+0.0001%	1h	0.008741	−0.114%	$697K	$773K	5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008743	−0.095%	$33K	—	150x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX PENGU-USDlong	+0.0032%	1h	0.008751	long leg	$12K	$4K	5x
Lighter PENGU	+0.0096%	1h	0.008744	−0.079%	$306K	$741K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008741	−0.114%	$23K	$186K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008740	−0.125%	$8.4M	$15.3M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008748	−0.029%	$188K	$468K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008741	−0.114%	$151K	$239K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008739	−0.137%	$36.3M	$154.4M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008738	−0.148%	$7.5M	$46.9M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008740	−0.125%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008740	−0.125%	$12.4M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008741	−0.114%	$4.7M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008739	−0.137%	$8.3M	$12.6M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008738	−0.148%	—	$3.9M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008753	+0.018%	$458K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008759	+0.092%	$80K	$254K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008962	+2.412%	$2K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008748	−0.034%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008775	+0.275%	$92K	$249K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008742	−0.102%	$180K	$622K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008747	−0.045%	$202K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008737	−0.158%	$295	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008751	+0.001%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0496% / S −0.0683%	1h	0.008743	−0.091%	$110K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2688%	1h	0.008788	+0.423%	$94K	$103K	50x	as long as short