PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h +0.093%

Price spread now: Injective against Nado−3.624%7-day average −0.756% · you buy dearer than you sell

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

Long on Nado Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.099%+$10 on $10k

Price spread, last 4 days (all we have)+2.597%+$260 · spread now −3.624%, 7d avg −0.756%

Together, before fees+2.697%+ Points / potential airdropNado: Active · farm board+$270 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 2.868% cheaper against Nado than usual: you would sell low and buy high (−$287 if the spread goes back to its 7-day average of −0.756%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.099%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado PENGU-PERP	0.009119	0.0100	pay 0.0013% / 1h	46m 52s	$643K	$1.1M	5x
Short	Injective PENGU/USDC PERP	0.008789	0.0033	get 0.0004% / 1h	46m 52s	$3K	$117K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Nado. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpOrdersPrice spread, now −3.624%Rate

Funding earned: −$14
Price spread: −3.624% → −0.756%: −$286.78
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$307.8
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Nado: live order book, 2 min ago; Injective: 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	1.10 bp	7.5 bp −$8	29.4 bp −$294	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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-PERPETUAL	0.0000%	1h	0.009105	−0.159%	$1K	$29K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.009110	−0.104%	$34K	—	150x	as long as short
Injective PENGU/USDC PERPshort	+0.0033%	1h	0.008789	−3.624%	$3K	$117K	5.5x
Lighter PENGU	+0.0096%	1h	0.009110	−0.104%	$326K	$769K	8x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.009106	−0.148%	$9.2M	$16.4M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009104	−0.168%	$144K	$715K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009118	−0.016%	$138K	$264K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009105	−0.163%	$39.8M	$191.6M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009099	−0.225%	$24.4M	$44.7M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009101	−0.203%	$7.9M	$55.6M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus PENGU-USD	+0.0100%	1h	0.009120	+0.005%	$18K	$25K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.009096	−0.258%	$3.7M	$17.5M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009100	−0.214%	$10.8M	$12.9M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009102	−0.192%	$5.0M	$10.3M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009115	−0.049%	$8.8M	$14.0M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.009103	−0.181%	—	$3.8M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009096	−0.258%	$296K	$371K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009001	−1.302%	$918K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009011	−1.190%	$477K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009065	−0.598%	$79K	$252K	50x	as long as short
Nado PENGU-PERPlong	+0.0100%	1h	0.009119	long leg	$643K	$1.1M	5x
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009110	−0.104%	$24K	$264K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009323	+2.231%	$3K	$2.2M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009103	−0.181%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009118	−0.016%	$94K	$404K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009097	−0.247%	$188K	$555K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009099	−0.225%	$210K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0240%	1h	0.009117	−0.024%	$308	—	10x	as long as short
01 Exchange PENGUUSD	+0.0296%	1h	0.009130	+0.115%	$209	$41	5x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009104	−0.170%	$1.6M	$4.9M	75x	as long as short
dYdX PENGU-USD	+0.0356%	1h	0.009118	−0.021%	$12K	$6K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0433% / S −0.0352%	1h	0.009109	−0.115%	$104K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0536%	1h	0.009107	−0.137%	$343K	$2.6M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1928%	1h	0.009196	+0.839%	$81K	$74K	50x	as long as short