PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.005%

Price spread now: Aevo against Nado+0.069%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$117as in the Price arb table

costs, in and out, $10k−$1251.247% of the position

Long on Nado Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.070%+$7 on $10k

Price spread, last 3 days (all we have)−0.041%−$4 · spread now +0.069%, 7d avg −0.010%

Together, before fees+0.029%+ Points / potential airdropNado: Active · farm board+$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.080% dearer against Nado than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado PENGU-PERP	0.008647	0.0100	pay 0.0012% / 1h	35m 43s	$671K	$758K	5x
Short	Aevo PENGU-PERP	0.008653	0.0104	get 0.0013% / 1h	35m 43s	$200K	$17K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Nado. 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 NadobpFee AevobpOrdersPrice spread, now +0.069%Rate

Funding earned: $0.84
Price spread: +0.069% → −0.010%: $7.99
Slippage, 4 orders: −$101.66
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$115.84
Costs to cover: 1.247%
Break-even: 972.3 days

Slippage from Nado: live order book, 52 min ago; Aevo: live order book, 53 min ago.

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 Nado live order book, 52 min ago	1.14 bp	10.3 bp −$10	21.6 bp −$216	doesn't fit	doesn't fit
Sell Aevo live order book, 53 min ago	17.09 bp	52.3 bp −$52	313.3 bp −$3,133	doesn't fit	doesn't fit

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
Kraken Futures PF_PENGUUSD	−0.0553%	1h	0.008654	+0.084%	$384K	$2.1M	50x	as long as short
Gate PENGU_USDT	−0.0404%	4h	0.008651	+0.046%	$3.4M	$15.4M	75x	as long as short
Bybit PENGUUSDT	−0.0240%	4h	0.008664	+0.197%	$22.4M	$35.9M	75x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0212%	1h	0.008653	+0.069%	$19K	$9K	10x	as long as short
Backpack PENGU_USDC_PERP	−0.0126%	1h	0.008648	+0.012%	$308K	$315K	10x	as long as short
Injective PENGU/USDC PERP	−0.0110%	1h	0.008715	+0.786%	$3K	$81K	5.5x	as long as short
dYdX PENGU-USD	0.0000%	1h	0.008666	+0.224%	$11K	$4K	5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008652	+0.060%	$33K	—	150x	as long as short
01 Exchange PENGUUSD	+0.0016%	1h	0.008653	+0.069%	$198	$59	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008664	+0.197%	$295K	$720K	8x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado PENGU-PERPlong	+0.0100%	1h	0.008647	long leg	$671K	$758K	5x
Hyperliquid PENGU	+0.0100%	1h	0.008664	+0.197%	$8.6M	$15.2M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008656	+0.099%	$171K	$448K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008666	+0.220%	$142K	$232K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008668	+0.244%	$35.8M	$150.9M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008667	+0.231%	$7.7M	$46.3M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008670	+0.266%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008667	+0.231%	$12.9M	$12.7M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008665	+0.208%	$4.7M	$8.7M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008670	+0.266%	$8.2M	$12.5M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008657	+0.116%	—	$2.3M	—	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008661	+0.157%	$794K	$713K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008663	+0.188%	$453K	$2.4M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008667	+0.231%	$79K	$253K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008652	+0.058%	$21K	$184K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008861	+2.475%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008649	+0.023%	$980	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008672	+0.289%	$91K	$249K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008650	+0.029%	$177K	$681K	10x	as long as short
Aevo PENGU-PERPshort	+0.0104%	1h	0.008653	+0.069%	$200K	$17K	3x
Reya PENGURUSDPERP	+0.0237%	1h	0.008651	+0.045%	$292	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008673	+0.301%	$1.5M	$2.6M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0489% / S −0.0675%	1h	0.008654	+0.081%	$108K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2992%	1h	0.008785	+1.596%	$92K	$96K	50x	as long as short