PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h −0.091%

Price spread now: SoDEX against Injective+0.626%62s7-day average — · you sell dearer than you buy

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

Long on Injective 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 +$2 a day on $10k at the current rate, and SoDEX is 0.626% dearer against Injective than usual: you sell high and buy low: +$63 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.

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	9m 36s	$3K	$117K	5.5x
Short	SoDEX PENGU-USD	0.008844	0.0100	get 0.0013% / 1h	9m 36s	$1K	$5K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Injective. 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 InjectivebpFee SoDEXbpOrdersPrice spread, now +0.626%Rate

Funding earned: $14
Price spread: +0.626% → 0.000%: $62.58
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $68.56
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Injective: 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 Injective no order-book sample	—	—	—	—	—
Sell SoDEX no order-book sample	—	—	—	—	—

Injective 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	0.008846	+0.649%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008844	+0.623%	$33K	—	150x	as long as short
Gate PENGU_USDT	+0.0016%	4h	0.008840	+0.580%	$3.3M	$16.5M	75x	as long as short
Injective PENGU/USDC PERPlong	+0.0033%	1h	0.008789	long leg	$3K	$117K	5.5x
dYdX PENGU-USD	+0.0060%	1h	0.008844	+0.630%	$12K	$5K	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008848	+0.671%	$322K	$753K	8x	as long as short
01 Exchange PENGUUSD	+0.0096%	1h	0.008848	+0.671%	$202	$64	5x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008841	+0.592%	$593K	$1.1M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008843	+0.614%	$8.4M	$15.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008843	+0.615%	$136K	$661K	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	0.008843	+0.614%	$135K	$273K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008842	+0.604%	$37.5M	$173.4M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008832	+0.489%	$23.5M	$41.3M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008835	+0.523%	$7.7M	$49.8M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008840	+0.580%	$19K	$25K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008845	+0.637%	$10.7M	$12.7M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008845	+0.637%	$4.9M	$9.5M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008846	+0.649%	$8.6M	$13.1M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008835	+0.523%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008833	+0.501%	$295K	$327K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008857	+0.772%	$925K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008904	+1.308%	$472K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008904	+1.308%	$81K	$251K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008845	+0.637%	$23K	$123K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009075	+3.254%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USDshort	+0.0100%	1h	0.008844	+0.626%	$1K	$5K	5x
HTX PENGU-USDT	+0.0100%	4h	0.008873	+0.956%	$92K	$378K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008839	+0.571%	$183K	$869K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008841	+0.592%	$204K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008851	+0.700%	$299	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008871	+0.933%	$1.5M	$4.1M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0500% / S −0.0415%	1h	0.008847	+0.660%	$126K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0618%	1h	0.008851	+0.704%	$324K	$2.4M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2704%	1h	0.008954	+1.877%	$94K	$59K	50x	as long as short