PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.1345%/8h= +147.3% APRnext payment +$1.68 per $10,000 · paid last 24h +0.613%

Price spread now: Coinbase International against gTrade (Gains Network)+1.626%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Coinbase International

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

Both sides work for this trade now. Funding pays +$40 a day on $10k at the current rate, and Coinbase International is 1.626% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$163 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	gTrade (Gains Network) PENGU/USD	0.008824	L +0.0007% / S −0.0003%	pay 0.0001% / 1h	50m 40s	$33K	—	150x
Short	Coinbase International PENGU-PERP-INTX	0.008967	0.1352	get 0.0169% / 1h	50m 40s	$95K	$104K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +1.626%Rate

Funding earned: $282.44
Price spread: +1.626% → 0.000%: $162.58
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $425.02
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: gTrade (Gains Network): no order-book sample; Coinbase International: live order book, 48 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 Coinbase International live order book, 48 min ago	17.61 bp	22.6 bp −$23	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
ApeX Omni PENGUUSDT	−0.0499%	1h	0.008806	−0.199%	$80K	$249K	50x	as long as short
Nado PENGU-PERP	−0.0215%	1h	0.008820	−0.040%	$515K	$903K	5x	as long as short
Gate PENGU_USDT	−0.0094%	4h	0.008835	+0.130%	$3.4M	$15.3M	75x	as long as short
Variational Omni PENGU	−0.0083%	4h	0.008816	−0.084%	$873K	$1.0M	—	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008827	+0.039%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USDlong	L +0.0007% / S −0.0003%	1h	0.008824	long leg	$33K	—	150x
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.392%	$3K	$117K	5.5x	as long as short
01 Exchange PENGUUSD	+0.0040%	1h	0.008826	+0.028%	$202	$64	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008852	+0.322%	$307K	$698K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0097%	4h	0.008826	+0.028%	$19K	$178K	20x	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	0.008845	+0.243%	$8.3M	$15.0M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008831	+0.084%	$170K	$442K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008848	+0.277%	$153K	$240K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008851	+0.311%	$37.4M	$156.9M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008846	+0.254%	$23.0M	$37.9M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008848	+0.277%	$7.6M	$47.8M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008850	+0.300%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008849	+0.288%	$12.4M	$12.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008852	+0.322%	$4.7M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008854	+0.345%	$8.4M	$12.6M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008848	+0.277%	—	$3.7M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008825	+0.016%	$302K	$323K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008818	−0.064%	$467K	$2.0M	10x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009042	+2.476%	$2K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008826	+0.028%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008821	−0.029%	$90K	$317K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008828	+0.051%	$182K	$940K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008824	+0.005%	$204K	—	3x	as long as short
dYdX PENGU-USD	+0.0106%	1h	0.008843	+0.218%	$12K	$4K	5x	as long as short
Kraken Futures PF_PENGUUSD	+0.0209%	1h	0.008835	+0.130%	$365K	$2.3M	50x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008817	−0.071%	$298	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008826	+0.028%	$1.5M	$3.2M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0498% / S −0.0675%	1h	0.008823	−0.006%	$110K	—	100x	as long as short
Coinbase International PENGU-PERP-INTXshort	+0.1352%	1h	0.008967	+1.626%	$95K	$104K	50x