PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0093%/8h= +10.2% APRnext payment +$0.12 per $10,000 · paid last 24h +0.041%

Price spread now: Hyperliquid against gTrade (Gains Network)−0.168%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 Hyperliquid

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—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Funding pays, the price is against you. Hyperliquid is 0.168% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.168% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 6.0 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	0.008754	L +0.0007% / S −0.0003%	pay 0.0001% / 1h	40m 34s	$32K	—	150x
Short	Hyperliquid PENGU	0.008739	0.0100	get 0.0013% / 1h	40m 34s	$8.0M	$15.3M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now −0.168%Rate

Funding earned: $19.52
Price spread: −0.168% → 0.000%: −$16.82
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$16.29
Costs to cover: 0.190%
Break-even: 12.8 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Hyperliquid: live order book, 2 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 Hyperliquid live order book, 2 min ago	1.14 bp	7.7 bp −$8	17.9 bp −$179	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
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008755	+0.015%	$17K	$12K	10x	as long as short
gTrade (Gains Network) PENGU/USDlong	L +0.0007% / S −0.0003%	1h	0.008754	long leg	$32K	—	150x
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.403%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008729	−0.282%	$316K	$749K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008724	−0.334%	$585K	$1.1M	5x	as long as short
Hyperliquid PENGUshort	+0.0100%	1h	0.008739	−0.168%	$8.0M	$15.3M	5x
Aster PENGUUSDT	+0.0100%	4h	0.008724	−0.338%	$120K	$667K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008723	−0.351%	$132K	$274K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008724	−0.342%	$36.8M	$176.1M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008716	−0.431%	$23.1M	$41.7M	75x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008723	−0.351%	$7.5M	$50.1M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008730	−0.271%	$18K	$25K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.008717	−0.419%	$3.3M	$16.4M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008720	−0.385%	$10.3M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008726	−0.317%	$4.8M	$9.7M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008721	−0.374%	$8.4M	$13.2M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008715	−0.442%	—	$3.6M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008732	−0.248%	$289K	$339K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008744	−0.109%	$913K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008798	+0.506%	$460K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008778	+0.277%	$79K	$250K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008754	+0.003%	$23K	$153K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008969	+2.459%	$2K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008753	−0.008%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008775	+0.243%	$91K	$387K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008718	−0.412%	$180K	$866K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008750	−0.042%	$202K	—	3x	as long as short
dYdX PENGU-USD	+0.0176%	1h	0.008729	−0.287%	$12K	$6K	5x	as long as short
01 Exchange PENGUUSD	+0.0184%	1h	0.008729	−0.282%	$200	$64	5x	as long as short
Reya PENGURUSDPERP	+0.0240%	1h	0.008761	+0.081%	$296	—	10x	as long as short
Kraken Futures PF_PENGUUSD	+0.0322%	1h	0.008761	+0.079%	$320K	$2.4M	50x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008746	−0.088%	$1.5M	$4.2M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0525% / S −0.0491%	1h	0.008754	+0.003%	$129K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1752%	1h	0.008812	+0.666%	$78K	$76K	50x	as long as short