PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.12 per $10,000 · paid last 24h −0.052%

Price spread now: Deribit against Nado−0.032%7-day average — · you buy dearer than you sell

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

Long on Nado Short on Deribit

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 airdropNado: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.032% cheaper against Nado than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado PENGU-PERP	0.008706	0.0100	pay 0.0012% / 1h	51m 17s	$583K	$1.0M	5x
Short	Deribit PENGU_USDC-PERPETUAL	0.008703	0	get 0.0000% / 1h	51m 17s	$18K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.032%Rate

Funding earned: −$21
Price spread: −0.032% → 0.000%: −$3.16
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$38.16
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Nado: live order book, 2 min ago; Deribit: 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 Nado live order book, 2 min ago	1.14 bp	9.4 bp −$9	24.7 bp −$247	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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-PERPETUALshort	0.0000%	1h	0.008703	−0.032%	$18K	$10K	10x
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008702	−0.039%	$32K	—	150x	as long as short
Gate PENGU_USDT	+0.0018%	4h	0.008700	−0.066%	$3.3M	$15.5M	75x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.956%	$3K	$117K	5.5x	as long as short
01 Exchange PENGUUSD	+0.0048%	1h	0.008702	−0.043%	$199	$64	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008706	+0.003%	$310K	$712K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008703	−0.032%	$23K	$131K	20x	as long as short
Nado PENGU-PERPlong	+0.0100%	1h	0.008706	long leg	$583K	$1.0M	5x
Hyperliquid PENGU	+0.0100%	1h	0.008705	−0.009%	$8.1M	$14.7M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008709	+0.034%	$120K	$579K	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	0.008706	+0.003%	$153K	$243K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008702	−0.042%	$36.2M	$161.3M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008697	−0.101%	$23.0M	$39.0M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008699	−0.078%	$7.2M	$46.4M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008700	−0.066%	$19K	$23K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008703	−0.032%	$11.1M	$12.2M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008705	−0.009%	$4.8M	$9.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008702	−0.043%	$8.2M	$12.3M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008693	−0.146%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008704	−0.020%	$297K	$293K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008747	+0.474%	$870K	$985K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008741	+0.408%	$459K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008743	+0.428%	$80K	$243K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008915	+2.404%	$3K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008701	−0.055%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008714	+0.095%	$91K	$372K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008697	−0.105%	$184K	$942K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008695	−0.123%	$201K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008700	−0.069%	$294	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008698	−0.089%	$1.5M	$3.5M	75x	as long as short
Kraken Futures PF_PENGUUSD	+0.0368%	1h	0.008708	+0.027%	$341K	$2.3M	50x	as long as short
dYdX PENGU-USD	+0.0416%	1h	0.008704	−0.021%	$11K	$5K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0509% / S −0.0439%	1h	0.008703	−0.032%	$128K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2928%	1h	0.008967	+3.001%	$95K	$61K	50x	as long as short