PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0028%/8h= +3.1% APRnext payment +$0.03 per $10,000 · paid last 24h +0.004%

Price spread now: SoDEX against Nado−0.006%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 SoDEX

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado PENGU-PERP	0.008813	0.0072	pay 0.0009% / 1h	48m 01s	$689K	$762K	5x
Short	SoDEX PENGU-USD	0.008813	0.0100	get 0.0013% / 1h	48m 01s	$1K	$5K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.006%Rate

Funding earned: $5.86
Price spread: −0.006% → 0.000%: −$0.57
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$9.71
Costs to cover: 0.150%
Break-even: 18.6 days

Slippage unknown: Nado: live order book, 30 min ago; SoDEX: 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, 30 min ago	1.71 bp	9.8 bp −$10	56.7 bp −$567	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	−0.0339%	1h	0.008826	+0.137%	$372K	$2.3M	50x	as long as short
Gate PENGU_USDT	−0.0244%	4h	0.008810	−0.040%	$3.4M	$15.6M	75x	as long as short
Bybit PENGUUSDT	−0.0223%	4h	0.008806	−0.085%	$22.9M	$36.5M	75x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0204%	1h	0.008814	+0.006%	$19K	$9K	10x	as long as short
Variational Omni PENGU	−0.0156%	4h	0.008825	+0.135%	$804K	$802K	—	as long as short
01 Exchange PENGUUSD	−0.0136%	1h	0.008812	−0.017%	$202	$59	5x	as long as short
Injective PENGU/USDC PERP	−0.0114%	1h	0.008789	−0.278%	$3K	$117K	5.5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008817	+0.036%	$34K	—	150x	as long as short
dYdX PENGU-USD	+0.0033%	1h	0.008824	+0.118%	$12K	$4K	5x	as long as short
Nado PENGU-PERPlong	+0.0072%	1h	0.008813	long leg	$689K	$762K	5x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack PENGU_USDC_PERP	+0.0078%	1h	0.008813	−0.006%	$314K	$308K	10x	as long as short
Lighter PENGU	+0.0096%	1h	0.008819	+0.062%	$308K	$740K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008816	+0.028%	$23K	$186K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008815	+0.017%	$8.5M	$15.3M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008819	+0.066%	$191K	$467K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008819	+0.062%	$152K	$239K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008812	−0.019%	$36.6M	$153.9M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008810	−0.040%	$7.6M	$47.3M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008820	+0.074%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008814	+0.006%	$12.6M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008817	+0.040%	$4.8M	$8.9M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008818	+0.051%	$8.4M	$12.6M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008812	−0.017%	—	$3.9M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008826	+0.139%	$462K	$2.2M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008833	+0.221%	$80K	$254K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009024	+2.388%	$2K	$2.1M	10x	as long as short
SoDEX PENGU-USDshort	+0.0100%	1h	0.008813	−0.006%	$1K	$5K	5x
HTX PENGU-USDT	+0.0100%	4h	0.008836	+0.255%	$92K	$250K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008809	−0.052%	$182K	$622K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008815	+0.017%	$204K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008813	−0.006%	$298	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008810	−0.040%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0511% / S −0.0711%	1h	0.008817	+0.040%	$115K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2688%	1h	0.008850	+0.414%	$94K	$104K	50x	as long as short