PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.004%

Price spread now: Extended against Nado−0.112%7-day average −0.050% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$390.395% of the position

Long on Nado Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.069%+$7 on $10k

Price spread, last 4 days (all we have)−0.617%−$62 · spread now −0.112%, 7d avg −0.050%

Together, before fees−0.547%+ Points / potential airdropNado: Active · Extended: Active · farm board−$55 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: Extended is 0.063% cheaper against Nado than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado PENGU-PERP	0.008738	0.0100	pay 0.0012% / 1h	42m 05s	$586K	$1.0M	5x
Short	Extended PENGU-USD	0.008728	0.0104	get 0.0013% / 1h	42m 05s	$180K	$944K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.112%Rate

Funding earned: $0.84
Price spread: −0.112% → −0.050%: −$6.25
Slippage, 4 orders: −$27.47
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$44.88
Costs to cover: 0.395%
Break-even: 381.0 days

Slippage from Nado: live order book, 1 min ago; Extended: live order book, 21 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, 1 min ago	2.29 bp	9.7 bp −$10	24.0 bp −$240	doesn't fit	doesn't fit
Sell Extended live order book, 21 min ago	1.70 bp	10.9 bp −$11	98.9 bp −$989	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
Deribit PENGU_USDC-PERPETUAL	−0.0208%	1h	0.008727	−0.126%	$18K	$10K	10x	as long as short
01 Exchange PENGUUSD	−0.0008%	1h	0.008744	+0.069%	$200	$64	5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008736	−0.025%	$32K	—	150x	as long as short
Gate PENGU_USDT	+0.0028%	4h	0.008732	−0.069%	$3.3M	$15.6M	75x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.584%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008737	−0.011%	$310K	$709K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008731	−0.080%	$23K	$165K	20x	as long as short
Nado PENGU-PERPlong	+0.0100%	1h	0.008738	long leg	$586K	$1.0M	5x
Hyperliquid PENGU	+0.0100%	1h	0.008731	−0.080%	$8.1M	$14.6M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008736	−0.022%	$131K	$576K	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	0.008752	+0.160%	$154K	$243K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008723	−0.172%	$36.5M	$159.5M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008719	−0.217%	$23.2M	$38.6M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008734	−0.046%	$7.5M	$46.3M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008750	+0.137%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008733	−0.057%	$11.5M	$12.3M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008731	−0.080%	$4.8M	$9.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008733	−0.057%	$8.2M	$12.4M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008733	−0.057%	—	$3.6M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008729	−0.103%	$299K	$275K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008701	−0.424%	$863K	$986K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008688	−0.569%	$455K	$2.0M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008710	−0.320%	$79K	$243K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008940	+2.312%	$2K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008731	−0.080%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008774	+0.412%	$91K	$348K	25x	as long as short
Extended PENGU-USDshort	+0.0104%	1h	0.008728	−0.112%	$180K	$944K	10x
Aevo PENGU-PERP	+0.0104%	1h	0.008720	−0.206%	$201K	—	3x	as long as short
dYdX PENGU-USD	+0.0200%	1h	0.008750	+0.135%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008731	−0.084%	$295	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008749	+0.126%	$1.5M	$3.3M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0510% / S −0.0582%	1h	0.008734	−0.046%	$119K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0651%	1h	0.008742	+0.042%	$358K	$2.3M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2296%	1h	0.008967	+2.621%	$95K	$94K	50x	as long as short