PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0093%/8h= +10.2% APRnext payment +$0.12 per $10,000 · paid last 24h −0.002%

Price spread now: Backpack against gTrade (Gains Network)−0.007%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 Backpack

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) PENGU/USD	0.008773	L +0.0007% / S −0.0003%	pay 0.0001% / 1h	54m 19s	$33K	—	150x
Short	Backpack PENGU_USDC_PERP	0.008772	0.0100	get 0.0013% / 1h	54m 19s	$313K	$310K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack 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 BackpackbpOrdersPrice spread, now −0.007%Rate

Funding earned: $19.52
Price spread: −0.007% → 0.000%: −$0.67
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$1.15
Costs to cover: 0.200%
Break-even: 7.4 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Backpack: live order book, 29 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 Backpack live order book, 29 min ago	0.57 bp	9.8 bp −$10	doesn't fit	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 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	−0.0608%	1h	0.008766	−0.079%	$387K	$2.2M	50x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0548%	1h	0.008769	−0.041%	$19K	$9K	10x	as long as short
Gate PENGU_USDT	−0.0276%	4h	0.008769	−0.041%	$3.4M	$15.4M	75x	as long as short
01 Exchange PENGUUSD	−0.0088%	1h	0.008780	+0.084%	$201	$59	5x	as long as short
Nado PENGU-PERP	−0.0014%	1h	0.008776	+0.045%	$681K	$757K	5x	as long as short
Bybit PENGUUSDT	0.0000%	4h	0.008756	−0.189%	$22.8M	$36.0M	75x	as long as short
gTrade (Gains Network) PENGU/USDlong	L +0.0007% / S −0.0003%	1h	0.008773	long leg	$33K	—	150x
Injective PENGU/USDC PERP	+0.0033%	1h	0.008715	−0.656%	$3K	$81K	5.5x	as long as short
dYdX PENGU-USD	+0.0037%	1h	0.008775	+0.031%	$12K	$4K	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008762	−0.121%	$299K	$726K	8x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid PENGU	+0.0100%	1h	0.008779	+0.073%	$8.7M	$15.0M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008778	+0.059%	$173K	$449K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008778	+0.062%	$148K	$236K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008758	−0.165%	$36.2M	$151.5M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008758	−0.166%	$7.7M	$46.8M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008780	+0.084%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008758	−0.166%	$13.1M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008780	+0.084%	$4.8M	$8.8M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008767	−0.064%	$8.4M	$12.6M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008760	−0.144%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERPshort	+0.0100%	1h	0.008772	−0.007%	$313K	$310K	10x
Variational Omni PENGU	+0.0100%	4h	0.008727	−0.522%	$805K	$726K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008715	−0.660%	$456K	$2.4M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008706	−0.759%	$79K	$253K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008772	−0.007%	$23K	$186K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008980	+2.364%	$2K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008762	−0.121%	$996	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008790	+0.198%	$92K	$250K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008759	−0.160%	$180K	$682K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008760	−0.144%	$202K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0237%	1h	0.008773	+0.005%	$296	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008767	−0.064%	$1.5M	$2.7M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0506% / S −0.0703%	1h	0.008772	−0.007%	$113K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2504%	1h	0.008716	−0.645%	$92K	$99K	50x	as long as short