PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0093%/8h= +10.2% APRnext payment +$0.12 per $10,000 · paid last 24h +0.025%

Price spread now: Nado against gTrade (Gains Network)−0.068%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 Nado

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 airdropNado: Active · farm boardneeds both histories

Funding pays, the price is against you. Nado is 0.068% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.068% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 2.4 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	0.008687	L +0.0007% / S −0.0003%	pay 0.0001% / 1h	46m 49s	$32K	—	150x
Short	Nado PENGU-PERP	0.008681	0.0100	get 0.0012% / 1h	46m 49s	$582K	$1.0M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.068%Rate

Funding earned: $19.52
Price spread: −0.068% → 0.000%: −$6.79
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$4.27
Costs to cover: 0.170%
Break-even: 8.5 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Nado: 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 Nado live order book, 2 min ago	1.15 bp	8.6 bp −$9	41.5 bp −$415	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	0.008680	−0.082%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USDlong	L +0.0007% / S −0.0003%	1h	0.008687	long leg	$32K	—	150x
Gate PENGU_USDT	+0.0022%	4h	0.008680	−0.082%	$3.3M	$15.6M	75x	as long as short
01 Exchange PENGUUSD	+0.0032%	1h	0.008692	+0.056%	$199	$64	5x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+1.172%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008686	−0.013%	$309K	$712K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008680	−0.082%	$23K	$129K	20x	as long as short
Nado PENGU-PERPshort	+0.0100%	1h	0.008681	−0.068%	$582K	$1.0M	5x
Hyperliquid PENGU	+0.0100%	1h	0.008691	+0.044%	$8.1M	$14.7M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008690	+0.033%	$120K	$579K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PENGU	+0.0100%	1h	0.008684	−0.036%	$153K	$241K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008682	−0.056%	$36.1M	$161.5M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008679	−0.094%	$22.9M	$39.1M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008677	−0.117%	$7.2M	$46.3M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008700	+0.148%	$19K	$23K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008683	−0.048%	$11.0M	$12.3M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008683	−0.048%	$4.8M	$9.2M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008684	−0.036%	$8.2M	$12.3M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008678	−0.105%	—	$3.6M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008686	−0.013%	$297K	$293K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008695	+0.090%	$864K	$985K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008670	−0.197%	$462K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008667	−0.232%	$79K	$242K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008897	+2.416%	$2K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008679	−0.094%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008694	+0.079%	$91K	$372K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008676	−0.131%	$179K	$946K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008675	−0.140%	$200K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008687	−0.005%	$293	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008684	−0.036%	$1.5M	$3.5M	75x	as long as short
Kraken Futures PF_PENGUUSD	+0.0369%	1h	0.008684	−0.035%	$340K	$2.4M	50x	as long as short
dYdX PENGU-USD	+0.0387%	1h	0.008685	−0.028%	$11K	$5K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0494% / S −0.0419%	1h	0.008689	+0.021%	$123K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2928%	1h	0.008967	+3.221%	$95K	$61K	50x	as long as short