PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0097%/8h= +10.6% APRnext payment +$0.12 per $10,000 · paid last 24h +0.029%

Price spread now: Aevo against gTrade (Gains Network)−0.115%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. Aevo is 0.115% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.115% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 4.0 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) PENGU/USD	0.008855	L +0.0007% / S −0.0003%	pay 0.0001% / 1h	26m 54s	$33K	—	150x
Short	Aevo PENGU-PERP	0.008845	0.0104	get 0.0013% / 1h	26m 54s	$204K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee AevobpOrdersPrice spread, now −0.115%Rate

Funding earned: $20.36
Price spread: −0.115% → 0.000%: −$11.51
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$17.14
Costs to cover: 0.260%
Break-even: 12.9 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Aevo: live order book, 42 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Aevo live order book, 42 min ago	11.20 bp	27.2 bp −$27	190.5 bp −$1,905	doesn't fit	doesn't fit

gTrade (Gains Network): 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	0.008850	−0.059%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USDlong	L +0.0007% / S −0.0003%	1h	0.008855	long leg	$33K	—	150x
Variational Omni PENGU	+0.0019%	4h	0.008791	−0.723%	$874K	$1.0M	—	as long as short
Gate PENGU_USDT	+0.0024%	4h	0.008836	−0.217%	$3.4M	$15.5M	75x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.747%	$3K	$117K	5.5x	as long as short
01 Exchange PENGUUSD	+0.0080%	1h	0.008860	+0.054%	$203	$64	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008851	−0.047%	$313K	$707K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008850	−0.059%	$19K	$165K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008864	+0.097%	$597K	$988K	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008845	−0.115%	$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	0.008842	−0.150%	$144K	$508K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008861	+0.066%	$156K	$245K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008845	−0.114%	$37.8M	$157.4M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008843	−0.138%	$23.2M	$38.3M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008848	−0.081%	$7.5M	$47.8M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008850	−0.059%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008843	−0.138%	$12.1M	$12.9M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008842	−0.149%	$4.7M	$9.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008841	−0.160%	$8.3M	$12.7M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008840	−0.172%	—	$3.6M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008841	−0.160%	$303K	$304K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008815	−0.454%	$472K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008806	−0.555%	$80K	$249K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009069	+2.415%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008847	−0.092%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008879	+0.269%	$95K	$337K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008835	−0.226%	$182K	$939K	10x	as long as short
Aevo PENGU-PERPshort	+0.0104%	1h	0.008845	−0.115%	$204K	—	3x
Kraken Futures PF_PENGUUSD	+0.0209%	1h	0.008856	+0.013%	$364K	$2.3M	50x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008860	+0.051%	$299	—	10x	as long as short
dYdX PENGU-USD	+0.0267%	1h	0.008868	+0.150%	$12K	$4K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0514% / S −0.0708%	1h	0.008857	+0.020%	$115K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1352%	1h	0.008967	+1.263%	$95K	$94K	50x	as long as short