PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h −0.093%

Price spread now: Pacifica against Injective+0.171%7-day average +0.761% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.198%−$20 on $10k

Price spread, last 3 days (all we have)+0.917%+$92 · spread now +0.171%, 7d avg +0.761%

Together, before fees+0.718%+ Points / potential airdropPacifica: Active · farm board+$72 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.591% cheaper against Injective than usual: you would sell low and buy high (spread +0.171% now, against its 7-day average of +0.761%). If the spread goes back, that is −$59 on $10k: about 30 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.198%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective PENGU/USDC PERP	0.008789	0.0033	pay 0.0004% / 1h	32m 33s	$3K	$117K	5.5x
Short	Pacifica PENGU	0.008804	0.0100	get 0.0013% / 1h	32m 33s	$155K	$245K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpFee PacificabpOrdersPrice spread, now +0.171%Rate

Funding earned: $14
Price spread: +0.171% → +0.761%: −$59.05
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$53.07
Costs to cover: 0.080%
Break-even: 33.5 days

Slippage unknown: Injective: no order-book sample; Pacifica: live order book, 35 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 Injective no order-book sample	—	—	—	—	—
Sell Pacifica live order book, 35 min ago	3.36 bp	12.5 bp −$12	doesn't fit	doesn't fit	doesn't fit

Injective: 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
Variational Omni PENGU	−0.0010%	4h	0.008770	−0.215%	$872K	$1.0M	—	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008785	−0.046%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008792	+0.032%	$32K	—	150x	as long as short
Gate PENGU_USDT	+0.0016%	4h	0.008802	+0.148%	$3.4M	$15.5M	75x	as long as short
Injective PENGU/USDC PERPlong	+0.0033%	1h	0.008789	long leg	$3K	$117K	5.5x
01 Exchange PENGUUSD	+0.0072%	1h	0.008813	+0.273%	$202	$64	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008811	+0.250%	$311K	$707K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008790	+0.011%	$19K	$169K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008817	+0.319%	$594K	$991K	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008817	+0.319%	$8.3M	$14.9M	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	0.008798	+0.102%	$168K	$506K	20x	as long as short
Pacifica PENGUshort	+0.0100%	1h	0.008804	+0.171%	$155K	$245K	5x
Binance PENGUUSDT	+0.0100%	4h	0.008811	+0.254%	$37.6M	$157.6M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008805	+0.182%	$23.0M	$38.2M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008815	+0.296%	$7.5M	$47.8M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008810	+0.239%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008805	+0.182%	$12.0M	$12.9M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008796	+0.080%	$4.7M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008818	+0.330%	$8.3M	$12.7M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008803	+0.159%	—	$3.6M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008779	−0.114%	$301K	$318K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008804	+0.171%	$472K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008802	+0.148%	$80K	$248K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008998	+2.378%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008783	−0.068%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008802	+0.148%	$89K	$337K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008805	+0.179%	$181K	$939K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008779	−0.114%	$203K	—	3x	as long as short
Kraken Futures PF_PENGUUSD	+0.0210%	1h	0.008788	−0.014%	$362K	$2.3M	50x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008815	+0.291%	$298	—	10x	as long as short
dYdX PENGU-USD	+0.0239%	1h	0.008803	+0.155%	$12K	$4K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0512% / S −0.0708%	1h	0.008793	+0.046%	$114K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1352%	1h	0.008967	+2.025%	$95K	$104K	50x	as long as short