PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.2643%/8h= +289.4% APRnext payment +$3.30 per $10,000 · paid last 24h +0.307%

Price spread now: Coinbase International against dYdX+0.838%7-day average — · you sell dearer than you buy

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

Long on dYdX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 6 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 +$79 a day on $10k at the current rate, and Coinbase International is 0.838% dearer against dYdX than usual: you sell high and buy low: +$84 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	dYdX PENGU-USD	0.008880	0.0061	pay 0.0008% / 1h	11m 38s	$12K	$5K	5x
Short	Coinbase International PENGU-PERP-INTX	0.008954	0.2704	get 0.0338% / 1h	11m 38s	$94K	$59K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.838%Rate

Funding earned: $555.02
Price spread: +0.838% → 0.000%: $83.77
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $618.79
Costs to cover: 0.200%
Break-even: from the start

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

dYdX and Coinbase International: 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
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008874	−0.063%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008874	−0.068%	$33K	—	150x	as long as short
Gate PENGU_USDT	+0.0020%	4h	0.008881	+0.016%	$3.3M	$16.5M	75x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−1.020%	$3K	$117K	5.5x	as long as short
dYdX PENGU-USDlong	+0.0061%	1h	0.008880	long leg	$12K	$5K	5x
Lighter PENGU	+0.0096%	1h	0.008890	+0.117%	$324K	$752K	8x	as long as short
01 Exchange PENGUUSD	+0.0096%	1h	0.008883	+0.038%	$203	$64	5x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008879	−0.007%	$596K	$1.1M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008889	+0.106%	$8.4M	$15.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008884	+0.053%	$137K	$644K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PENGU	+0.0100%	1h	0.008882	+0.027%	$136K	$273K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008882	+0.023%	$37.7M	$173.2M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008874	−0.063%	$23.5M	$41.2M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008877	−0.029%	$7.7M	$50.0M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008880	+0.004%	$19K	$25K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008883	+0.038%	$10.8M	$12.7M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008883	+0.038%	$4.9M	$9.5M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008883	+0.038%	$8.6M	$13.0M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008872	−0.086%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008872	−0.086%	$296K	$327K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008910	+0.342%	$930K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008914	+0.392%	$473K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008933	+0.601%	$81K	$252K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008874	−0.063%	$23K	$121K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009085	+2.313%	$2K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008874	−0.063%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008888	+0.094%	$92K	$378K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008876	−0.042%	$183K	$869K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008870	−0.108%	$205K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008873	−0.078%	$300	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008905	+0.286%	$1.5M	$4.1M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0501% / S −0.0415%	1h	0.008871	−0.097%	$126K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0616%	1h	0.008880	+0.007%	$325K	$2.4M	50x	as long as short
Coinbase International PENGU-PERP-INTXshort	+0.2704%	1h	0.008954	+0.838%	$94K	$59K	50x