PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0011%/8h= +1.2% APRnext payment +$0.01 per $10,000 · paid last 24h +0.383%

Price spread now: dYdX against gTrade (Gains Network)−0.126%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 dYdX

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. dYdX is 0.126% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.126% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 38 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) PENGU/USD	0.008794	L +0.0007% / S −0.0003%	pay 0.0001% / 1h	58m 10s	$33K	—	150x
Short	dYdX PENGU-USD	0.008783	0.0018	get 0.0002% / 1h	58m 10s	$12K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.126%Rate

Funding earned: $2.3
Price spread: −0.126% → 0.000%: −$12.6
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$30.29
Costs to cover: 0.200%
Break-even: 99.1 days

Slippage unknown: gTrade (Gains Network): no order-book sample; dYdX: 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell dYdX no order-book sample	—	—	—	—	—

gTrade (Gains Network) and 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 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	−0.0393%	1h	0.008802	+0.099%	$369K	$2.3M	50x	as long as short
Variational Omni PENGU	−0.0296%	4h	0.008774	−0.221%	$867K	$927K	—	as long as short
01 Exchange PENGUUSD	−0.0176%	1h	0.008788	−0.065%	$201	$59	5x	as long as short
Gate PENGU_USDT	−0.0168%	4h	0.008794	+0.003%	$3.4M	$15.4M	75x	as long as short
gTrade (Gains Network) PENGU/USDlong	L +0.0007% / S −0.0003%	1h	0.008794	long leg	$33K	—	150x
Backpack PENGU_USDC_PERP	+0.0011%	1h	0.008795	+0.014%	$309K	$315K	10x	as long as short
dYdX PENGU-USDshort	+0.0018%	1h	0.008783	−0.126%	$12K	$4K	5x
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.054%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008797	+0.037%	$308K	$726K	8x	as long as short
GRVT PENGU_USDT_Perp	+0.0096%	4h	0.008787	−0.077%	$460K	$2.1M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008791	−0.031%	$23K	$186K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008781	−0.151%	$697K	$778K	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008798	+0.048%	$8.4M	$15.3M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008798	+0.047%	$188K	$474K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008779	−0.168%	$151K	$239K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008800	+0.068%	$36.6M	$155.3M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008787	−0.077%	$22.9M	$37.1M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008793	−0.009%	$7.6M	$47.2M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008790	−0.043%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008798	+0.048%	$12.4M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008792	−0.020%	$4.8M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008801	+0.082%	$8.4M	$12.7M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008786	−0.088%	—	$2.3M	—	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008791	−0.031%	$80K	$254K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008989	+2.220%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008792	−0.020%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008801	+0.082%	$90K	$300K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008786	−0.084%	$180K	$617K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008789	−0.054%	$203K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008782	−0.134%	$297	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008776	−0.202%	$1.5M	$2.8M	75x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0432%	1h	0.008800	+0.071%	$18K	$10K	10x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0497% / S −0.0683%	1h	0.008793	−0.009%	$111K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1648%	1h	0.008799	+0.060%	$94K	$104K	50x	as long as short