PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h −0.343%

Price spread now: Hyperliquid against dYdX+0.073%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 Hyperliquid

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—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Hyperliquid is 0.073% dearer against dYdX 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	dYdX PENGU-USD	0.008669	0	get 0.0000% / 1h	40m 47s	$11K	$4K	5x
Short	Hyperliquid PENGU	0.008675	0.0100	get 0.0013% / 1h	40m 47s	$8.7M	$15.1M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.073%Rate

Funding earned: $21
Price spread: +0.073% → 0.000%: $7.34
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $9.34
Costs to cover: 0.190%
Break-even: 3.9 days

Slippage unknown: dYdX: no order-book sample; Hyperliquid: live order book, 12 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 Hyperliquid live order book, 12 min ago	1.74 bp	9.3 bp −$9	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	−0.0551%	1h	0.008674	+0.066%	$384K	$2.1M	50x	as long as short
Gate PENGU_USDT	−0.0370%	4h	0.008659	−0.111%	$3.4M	$15.3M	75x	as long as short
Bybit PENGUUSDT	−0.0283%	4h	0.008663	−0.065%	$22.6M	$35.8M	75x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0211%	1h	0.008672	+0.039%	$19K	$9K	10x	as long as short
Backpack PENGU_USDC_PERP	−0.0183%	1h	0.008666	−0.030%	$309K	$316K	10x	as long as short
Injective PENGU/USDC PERP	−0.0110%	1h	0.008715	+0.535%	$3K	$81K	5.5x	as long as short
dYdX PENGU-USDlong	0.0000%	1h	0.008669	long leg	$11K	$4K	5x
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008673	+0.052%	$33K	—	150x	as long as short
01 Exchange PENGUUSD	+0.0016%	1h	0.008670	+0.016%	$198	$59	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008670	+0.016%	$294K	$719K	8x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado PENGU-PERP	+0.0100%	1h	0.008671	+0.033%	$673K	$758K	5x	as long as short
Hyperliquid PENGUshort	+0.0100%	1h	0.008675	+0.073%	$8.7M	$15.1M	5x
Aster PENGUUSDT	+0.0100%	4h	0.008668	−0.013%	$171K	$448K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008670	+0.016%	$143K	$232K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008668	−0.007%	$35.8M	$150.8M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008665	−0.042%	$7.7M	$46.4M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008670	+0.016%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008670	+0.016%	$12.8M	$12.7M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008665	−0.042%	$4.7M	$8.7M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008670	+0.016%	$8.2M	$12.5M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008668	−0.007%	—	$3.9M	—	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008657	−0.139%	$795K	$712K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008664	−0.053%	$453K	$2.4M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008667	−0.019%	$79K	$253K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008672	+0.039%	$21K	$184K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008879	+2.427%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008667	−0.019%	$984	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008685	+0.189%	$91K	$249K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008663	−0.060%	$177K	$681K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008669	+0.004%	$200K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0237%	1h	0.008667	−0.023%	$293	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008664	−0.053%	$1.5M	$2.6M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0489% / S −0.0675%	1h	0.008673	+0.050%	$108K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2992%	1h	0.008903	+2.704%	$94K	$97K	50x	as long as short