PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0009%/8h= +1.0% APRnext payment +$0.01 per $10,000 · paid last 24h −0.025%

Price spread now: gTrade (Gains Network) against Nado+0.085%7-day average — · you sell dearer than you buy

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

Long on Nado Short on gTrade (Gains Network)

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: gTrade (Gains Network) is 0.085% dearer against Nado than usual: you sell high and buy low, +$9 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado PENGU-PERP	0.008779	−0.0006	get 0.0001% / 1h	0m 53s	$697K	$778K	5x
Short	gTrade (Gains Network) PENGU/USD	0.008786	L +0.0007% / S −0.0003%	get 0.0000% / 1h	0m 53s	$33K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.085%Rate

Funding earned: $1.84
Price spread: +0.085% → 0.000%: $8.54
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$6.61
Costs to cover: 0.170%
Break-even: 32.1 days

Slippage unknown: Nado: live order book, 12 min ago; gTrade (Gains Network): 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, 12 min ago	1.72 bp	10.5 bp −$11	23.5 bp −$235	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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
Kraken Futures PF_PENGUUSD	−0.0340%	1h	0.008801	+0.248%	$369K	$2.3M	50x	as long as short
Bybit PENGUUSDT	−0.0303%	4h	0.008783	+0.046%	$22.9M	$37.1M	75x	as long as short
Variational Omni PENGU	−0.0296%	4h	0.008774	−0.053%	$867K	$927K	—	as long as short
Gate PENGU_USDT	−0.0296%	4h	0.008785	+0.068%	$3.4M	$15.7M	75x	as long as short
01 Exchange PENGUUSD	−0.0264%	1h	0.008779	0.000%	$201	$59	5x	as long as short
Backpack PENGU_USDC_PERP	−0.0144%	1h	0.008786	+0.080%	$309K	$315K	10x	as long as short
Injective PENGU/USDC PERP	−0.0114%	1h	0.008789	+0.114%	$3K	$117K	5.5x	as long as short
Nado PENGU-PERPlong	−0.0006%	1h	0.008779	long leg	$697K	$778K	5x
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008792	+0.148%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USDshort	L +0.0007% / S −0.0003%	1h	0.008786	+0.085%	$33K	—	150x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX PENGU-USD	+0.0030%	1h	0.008782	+0.032%	$12K	$4K	5x	as long as short
GRVT PENGU_USDT_Perp	+0.0090%	4h	0.008762	−0.194%	$458K	$2.1M	10x	as long as short
Lighter PENGU	+0.0096%	1h	0.008791	+0.137%	$307K	$741K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008794	+0.171%	$23K	$186K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008789	+0.114%	$8.4M	$15.3M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008793	+0.155%	$188K	$474K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008784	+0.057%	$152K	$239K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008787	+0.091%	$36.5M	$155.3M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008786	+0.080%	$7.6M	$47.2M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008780	+0.011%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008786	+0.080%	$12.4M	$12.7M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008786	+0.080%	$4.8M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008791	+0.137%	$8.4M	$12.7M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008778	−0.011%	—	$2.3M	—	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008782	+0.034%	$80K	$254K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008995	+2.460%	$2K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008790	+0.125%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008809	+0.342%	$90K	$300K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008785	+0.066%	$180K	$622K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008788	+0.103%	$203K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008781	+0.022%	$297	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008788	+0.103%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0497% / S −0.0683%	1h	0.008787	+0.091%	$111K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2688%	1h	0.008799	+0.228%	$94K	$104K	50x	as long as short