PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0012%/8h= +1.3% APRnext payment +$0.01 per $10,000 · paid last 24h +0.006%

Price spread now: Pacifica against Nado−0.063%7-day average +0.011% · 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−$47as in the Price arb table

costs, in and out, $10k−$400.396% of the position

Long on Nado Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.067%+$7 on $10k

Price spread, last 3 days (all we have)−0.555%−$56 · spread now −0.063%, 7d avg +0.011%

Together, before fees−0.489%+ Points / potential airdropNado: Active · Pacifica: Active · farm board−$49 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.074% cheaper against Nado than usual: you would sell low and buy high (spread −0.063% now, against its 7-day average of +0.011%). If the spread goes back, that is −$7 on $10k: about 21 days of funding at the current rate ($0 a day). At the pace of the last 3 days (+0.067% in total) that is about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado PENGU-PERP	0.008679	0.0088	pay 0.0011% / 1h	55m 35s	$674K	$758K	5x
Short	Pacifica PENGU	0.008674	0.0100	get 0.0013% / 1h	55m 35s	$143K	$232K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.063%Rate

Funding earned: $2.47
Price spread: −0.063% → +0.011%: −$7.44
Slippage, 4 orders: −$24.62
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$44.58
Costs to cover: 0.396%
Break-even: 133.4 days

Slippage from Nado: live order book, 32 min ago; Pacifica: live order book, 32 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, 32 min ago	1.14 bp	10.3 bp −$10	21.6 bp −$216	doesn't fit	doesn't fit
Sell Pacifica live order book, 32 min ago	1.71 bp	10.8 bp −$11	doesn't fit	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	−0.0551%	1h	0.008689	+0.105%	$384K	$2.1M	50x	as long as short
Backpack PENGU_USDC_PERP	−0.0359%	1h	0.008675	−0.052%	$310K	$319K	10x	as long as short
Bybit PENGUUSDT	−0.0344%	4h	0.008678	−0.017%	$22.8M	$35.6M	75x	as long as short
Gate PENGU_USDT	−0.0302%	4h	0.008674	−0.063%	$3.4M	$15.3M	75x	as long as short
01 Exchange PENGUUSD	−0.0120%	1h	0.008679	−0.006%	$199	$59	5x	as long as short
Injective PENGU/USDC PERP	−0.0110%	1h	0.008715	+0.409%	$3K	$81K	5.5x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0096%	1h	0.008676	−0.040%	$21K	$8K	10x	as long as short
dYdX PENGU-USD	0.0000%	1h	0.008684	+0.052%	$11K	$4K	5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008678	−0.020%	$33K	—	150x	as long as short
Nado PENGU-PERPlong	+0.0088%	1h	0.008679	long leg	$674K	$758K	5x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter PENGU	+0.0096%	1h	0.008675	−0.052%	$294K	$718K	8x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008683	+0.040%	$8.7M	$15.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008681	+0.012%	$171K	$448K	20x	as long as short
Pacifica PENGUshort	+0.0100%	1h	0.008674	−0.063%	$143K	$232K	5x
Binance PENGUUSDT	+0.0100%	4h	0.008684	+0.052%	$35.9M	$150.6M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008683	+0.040%	$7.7M	$46.6M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008680	+0.006%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008673	−0.075%	$12.8M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008675	−0.052%	$4.7M	$8.6M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008681	+0.017%	$8.1M	$12.4M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008671	−0.098%	—	$2.3M	—	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008676	−0.035%	$795K	$712K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008675	−0.052%	$454K	$2.4M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008677	−0.029%	$79K	$254K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008675	−0.052%	$21K	$185K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008890	+2.425%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008680	+0.006%	$983	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008691	+0.132%	$91K	$248K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008678	−0.018%	$178K	$681K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008677	−0.029%	$200K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0237%	1h	0.008670	−0.106%	$293	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008662	−0.202%	$1.5M	$2.6M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0489% / S −0.0675%	1h	0.008676	−0.040%	$109K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2992%	1h	0.008903	+2.575%	$94K	$97K	50x	as long as short