PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0157%/8h= −17.1% APRnext payment −$0.20 per $10,000 · paid last 24h −0.259%

Price spread now: Injective against dYdX−0.304%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 Injective

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

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Injective is 0.304% cheaper against dYdX than usual: you would sell low and buy high (−$30 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX PENGU-USD	0.008816	0.0043	pay 0.0005% / 1h	57m 14s	$12K	$4K	5x
Short	Injective PENGU/USDC PERP	0.008789	−0.0114	pay 0.0014% / 1h	57m 14s	$3K	$117K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.304%Rate

Funding earned: −$32.88
Price spread: −0.304% → 0.000%: −$30.36
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$73.26
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; Injective: 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 Injective no order-book sample	—	—	—	—	—

dYdX and Injective: 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	−0.0339%	1h	0.008828	+0.139%	$369K	$2.2M	50x	as long as short
Gate PENGU_USDT	−0.0262%	4h	0.008813	−0.031%	$3.4M	$15.6M	75x	as long as short
Bybit PENGUUSDT	−0.0207%	4h	0.008807	−0.099%	$22.9M	$36.5M	75x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0203%	1h	0.008821	+0.059%	$19K	$9K	10x	as long as short
01 Exchange PENGUUSD	−0.0136%	1h	0.008815	−0.009%	$202	$59	5x	as long as short
Injective PENGU/USDC PERPshort	−0.0114%	1h	0.008789	−0.304%	$3K	$117K	5.5x
Variational Omni PENGU	−0.0108%	4h	0.008765	−0.572%	$801K	$802K	—	as long as short
Nado PENGU-PERP	−0.0043%	1h	0.008812	−0.037%	$687K	$760K	5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008822	+0.074%	$34K	—	150x	as long as short
dYdX PENGU-USDlong	+0.0043%	1h	0.008816	long leg	$12K	$4K	5x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter PENGU	+0.0096%	1h	0.008817	+0.014%	$309K	$737K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008823	+0.082%	$24K	$186K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008817	+0.014%	$8.5M	$15.2M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008823	+0.083%	$191K	$467K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008818	+0.025%	$152K	$239K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008818	+0.022%	$36.6M	$153.7M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008819	+0.037%	$7.6M	$47.4M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008820	+0.048%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008818	+0.025%	$12.6M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008818	+0.025%	$4.8M	$8.9M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008825	+0.105%	$8.4M	$12.6M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008807	−0.099%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008815	−0.009%	$314K	$309K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008791	−0.281%	$460K	$2.3M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008798	−0.202%	$80K	$254K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009032	+2.453%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008819	+0.037%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008826	+0.116%	$92K	$249K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008818	+0.022%	$181K	$622K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008820	+0.048%	$204K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0237%	1h	0.008818	+0.024%	$298	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008810	−0.065%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0511% / S −0.0711%	1h	0.008824	+0.093%	$115K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2688%	1h	0.008841	+0.286%	$94K	$104K	50x	as long as short