PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0093%/8h= +10.2% APRnext payment +$0.12 per $10,000 · paid last 24h +0.028%

Price spread now: SoDEX against gTrade (Gains Network)+0.038%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 SoDEX

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 +$3 a day on $10k at the current rate, and SoDEX is 0.038% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$4 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	0.009031	L +0.0007% / S −0.0003%	pay 0.0001% / 1h	49m 54s	$33K	—	150x
Short	SoDEX PENGU-USD	0.009034	0.0100	get 0.0013% / 1h	49m 54s	$1K	$5K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.038%Rate

Funding earned: $19.52
Price spread: +0.038% → 0.000%: $3.81
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $5.33
Costs to cover: 0.180%
Break-even: 5.1 days

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

gTrade (Gains Network) and SoDEX: 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	0.009033	+0.027%	$19K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USDlong	L +0.0007% / S −0.0003%	1h	0.009031	long leg	$33K	—	150x
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−2.675%	$3K	$117K	5.5x	as long as short
dYdX PENGU-USD	+0.0036%	1h	0.009045	+0.162%	$12K	$5K	5x	as long as short
01 Exchange PENGUUSD	+0.0080%	1h	0.009036	+0.060%	$207	$64	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.009046	+0.171%	$334K	$737K	8x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.009042	+0.127%	$8.5M	$14.8M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009034	+0.040%	$130K	$600K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009044	+0.149%	$159K	$243K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009032	+0.016%	$38.8M	$169.1M	75x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit PENGUUSDT	+0.0100%	4h	0.009024	−0.073%	$24.0M	$40.4M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009026	−0.050%	$7.8M	$49.8M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009040	+0.105%	$19K	$24K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.009038	+0.082%	$3.4M	$16.0M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009028	−0.028%	$11.1M	$12.4M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009029	−0.017%	$4.9M	$9.3M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009034	+0.038%	$8.8M	$12.8M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.009035	+0.049%	—	$3.5M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009028	−0.028%	$302K	$330K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009060	+0.325%	$945K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009065	+0.381%	$476K	$2.1M	10x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009031	+0.010%	$607K	$1.0M	5x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009032	+0.016%	$24K	$83K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009248	+2.408%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USDshort	+0.0100%	1h	0.009034	+0.038%	$1K	$5K	5x
HTX PENGU-USDT	+0.0100%	4h	0.009051	+0.226%	$94K	$378K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009021	−0.111%	$187K	$944K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009028	−0.028%	$209K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.009030	−0.009%	$305	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009071	+0.448%	$1.5M	$4.1M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0515% / S −0.0477%	1h	0.009030	−0.006%	$127K	—	100x	as long as short
ApeX Omni PENGUUSDT	+0.0577%	1h	0.009083	+0.581%	$92K	$247K	50x	as long as short
Kraken Futures PF_PENGUUSD	+0.0605%	1h	0.009042	+0.128%	$352K	$2.4M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2704%	1h	0.008976	−0.604%	$96K	$61K	50x	as long as short