PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0093%/8h= +10.2% APRpaid last 24h +0.008%

Price spread now: Variational Omni against gTrade (Gains Network)0.000%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 Variational Omni

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 airdropVariational Omni: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) PENGU/USD	0.008820	L +0.0007% / S −0.0003%	pay 0.0001% / 1h	6m 20s	$32K	—	150x
Short	Variational Omni PENGU	0.008820	0.0100	get 0.0050% / 4h	2h 06m	$876K	$999K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now 0.000%Rate

Funding earned: $19.52
Price spread: 0.000% → 0.000%: −$0.02
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $9.51
Costs to cover: 0.100%
Break-even: 3.6 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Variational Omni: RFQ quote, 18 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 Variational Omni RFQ quote, 18 min ago	3.40 bp	doesn't fit	21.6 bp −$216	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 33 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	0.008823	+0.034%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USDlong	L +0.0007% / S −0.0003%	1h	0.008820	long leg	$32K	—	150x
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.351%	$3K	$117K	5.5x	as long as short
Gate PENGU_USDT	+0.0092%	4h	0.008821	+0.012%	$3.4M	$15.6M	75x	as long as short
Lighter PENGU	+0.0096%	1h	0.008831	+0.125%	$314K	$709K	8x	as long as short
01 Exchange PENGUUSD	+0.0096%	1h	0.008830	+0.114%	$202	$64	5x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008822	+0.023%	$19K	$161K	20x	as long as short
Variational Omni PENGUshort	+0.0100%	4h	0.008820	0.000%	$876K	$999K	—
Nado PENGU-PERP	+0.0100%	1h	0.008820	0.000%	$594K	$989K	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008828	+0.091%	$8.2M	$14.7M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PENGUUSDT	+0.0100%	4h	0.008828	+0.091%	$141K	$521K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008828	+0.091%	$155K	$245K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008825	+0.059%	$37.5M	$157.8M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008819	−0.011%	$23.2M	$38.2M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008818	−0.022%	$7.5M	$47.3M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008830	+0.114%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008827	+0.080%	$11.9M	$12.9M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008827	+0.080%	$4.7M	$9.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008829	+0.102%	$8.3M	$12.6M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008813	−0.079%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008822	+0.023%	$302K	$296K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008793	−0.303%	$463K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008793	−0.306%	$80K	$244K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009030	+2.381%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008824	+0.046%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008831	+0.125%	$94K	$337K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008825	+0.056%	$185K	$941K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008815	−0.056%	$204K	—	3x	as long as short
Kraken Futures PF_PENGUUSD	+0.0209%	1h	0.008834	+0.154%	$363K	$2.3M	50x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008827	+0.079%	$298	—	10x	as long as short
dYdX PENGU-USD	+0.0334%	1h	0.008832	+0.134%	$12K	$4K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0513% / S −0.0582%	1h	0.008819	−0.011%	$120K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1352%	1h	0.008967	+1.667%	$95K	$94K	50x	as long as short