PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0166%/8h= −18.1% APRnext payment −$0.21 per $10,000 · paid last 24h −0.353%

Price spread now: Lighter against dYdX−0.069%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 Lighter

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 airdropLighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Lighter is 0.069% cheaper against dYdX than usual: you would sell low and buy high (−$7 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	0.008834	0.0262	pay 0.0033% / 1h	28m 17s	$12K	$4K	5x
Short	Lighter PENGU	0.008828	0.0096	get 0.0012% / 1h	28m 17s	$312K	$707K	8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.069%Rate

Funding earned: −$34.79
Price spread: −0.069% → 0.000%: −$6.89
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$51.68
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; Lighter: live order book, 37 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 Lighter live order book, 37 min ago	3.92 bp	9.2 bp −$9	71.0 bp −$710	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 33 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	0.008858	+0.271%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008856	+0.253%	$33K	—	150x	as long as short
Gate PENGU_USDT	+0.0016%	4h	0.008848	+0.157%	$3.4M	$15.5M	75x	as long as short
Variational Omni PENGU	+0.0019%	4h	0.008791	−0.486%	$874K	$1.0M	—	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.510%	$3K	$117K	5.5x	as long as short
01 Exchange PENGUUSD	+0.0080%	1h	0.008843	+0.101%	$202	$64	5x	as long as short
Lighter PENGUshort	+0.0096%	1h	0.008828	−0.069%	$312K	$707K	8x
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008857	+0.259%	$19K	$165K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008841	+0.078%	$595K	$988K	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008850	+0.180%	$8.3M	$14.9M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PENGUUSDT	+0.0100%	4h	0.008843	+0.103%	$144K	$507K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008835	+0.010%	$155K	$245K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008846	+0.139%	$37.8M	$157.5M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008852	+0.203%	$23.1M	$38.2M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008857	+0.259%	$7.5M	$47.9M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008840	+0.067%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008846	+0.135%	$12.1M	$12.9M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008843	+0.101%	$4.7M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008859	+0.282%	$8.4M	$12.7M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008842	+0.090%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008812	−0.250%	$302K	$307K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008784	−0.571%	$470K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008800	−0.386%	$80K	$249K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009065	+2.614%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008855	+0.237%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008827	−0.080%	$94K	$337K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008854	+0.228%	$182K	$939K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008852	+0.203%	$204K	—	3x	as long as short
Kraken Futures PF_PENGUUSD	+0.0209%	1h	0.008862	+0.316%	$365K	$2.3M	50x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008848	+0.160%	$299	—	10x	as long as short
dYdX PENGU-USDlong	+0.0262%	1h	0.008834	long leg	$12K	$4K	5x
GMX PENGU/USD [WBTC.b-USDC]	L +0.0514% / S −0.0708%	1h	0.008852	+0.203%	$115K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1352%	1h	0.008967	+1.505%	$95K	$100K	50x	as long as short