PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0076%/8h= +8.3% APRnext payment +$0.09 per $10,000 · paid last 24h +0.353%

Price spread now: dYdX against Lighter−0.026%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. dYdX is 0.026% cheaper against Lighter than usual: you would sell low and buy high (spread −0.026% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 27 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PENGU	0.008847	0.0096	pay 0.0012% / 1h	48m 44s	$307K	$698K	8x
Short	dYdX PENGU-USD	0.008845	0.0172	get 0.0021% / 1h	48m 44s	$12K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Lighter. 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 LighterbpFee dYdXbpOrdersPrice spread, now −0.026%Rate

Funding earned: $15.9
Price spread: −0.026% → 0.000%: −$2.56
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: $3.34
Costs to cover: 0.100%
Break-even: 5.5 days

Slippage unknown: Lighter: live order book, 16 min ago; dYdX: 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 Lighter live order book, 16 min ago	3.92 bp	23.9 bp −$24	91.9 bp −$919	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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
ApeX Omni PENGUUSDT	−0.0316%	1h	0.008828	−0.215%	$81K	$249K	50x	as long as short
Nado PENGU-PERP	−0.0185%	1h	0.008838	−0.102%	$538K	$926K	5x	as long as short
Variational Omni PENGU	−0.0083%	4h	0.008816	−0.349%	$873K	$1.0M	—	as long as short
Gate PENGU_USDT	−0.0070%	4h	0.008845	−0.023%	$3.4M	$15.3M	75x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008833	−0.158%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008835	−0.141%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.656%	$3K	$117K	5.5x	as long as short
01 Exchange PENGUUSD	+0.0056%	1h	0.008839	−0.090%	$202	$64	5x	as long as short
Lighter PENGUlong	+0.0096%	1h	0.008847	long leg	$307K	$698K	8x
Orderly PERP_PENGU_USDC	+0.0097%	4h	0.008835	−0.136%	$19K	$178K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid PENGU	+0.0100%	1h	0.008846	−0.011%	$8.3M	$15.0M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008851	+0.042%	$170K	$442K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008844	−0.034%	$153K	$242K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008846	−0.011%	$37.5M	$156.9M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008838	−0.102%	$23.0M	$37.9M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008835	−0.136%	$7.6M	$47.7M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008840	−0.079%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008844	−0.034%	$12.4M	$12.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008845	−0.023%	$4.7M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008841	−0.068%	$8.3M	$12.6M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008839	−0.090%	—	$3.7M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008843	−0.045%	$303K	$323K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008818	−0.329%	$467K	$2.0M	10x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009048	+2.272%	$2K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008835	−0.136%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008847	0.000%	$94K	$317K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008830	−0.194%	$182K	$940K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008830	−0.192%	$204K	—	3x	as long as short
dYdX PENGU-USDshort	+0.0172%	1h	0.008845	−0.026%	$12K	$4K	5x
Kraken Futures PF_PENGUUSD	+0.0209%	1h	0.008844	−0.033%	$365K	$2.3M	50x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008834	−0.144%	$298	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008832	−0.170%	$1.5M	$3.2M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0498% / S −0.0675%	1h	0.008830	−0.192%	$111K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1352%	1h	0.008967	+1.356%	$95K	$104K	50x	as long as short