PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0201%/8h= +22.0% APRnext payment +$0.25 per $10,000 · paid last 24h −0.054%

Price spread now: Deribit against SoDEX+0.033%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Deribit

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—needs both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Deribit is 0.033% dearer against SoDEX than usual: you sell high and buy low: +$3 more if the spread 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	SoDEX PENGU-USD	0.009081	0.0100	pay 0.0013% / 1h	58m 37s	$1K	$5K	5x
Short	Deribit PENGU_USDC-PERPETUAL	0.009084	0.0301	get 0.0038% / 1h	58m 37s	$1K	$29K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against SoDEX. 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 SoDEXbpFee DeribitbpOrdersPrice spread, now +0.033%Rate

Funding earned: $42.21
Price spread: +0.033% → 0.000%: $3.3
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $30.51
Costs to cover: 0.150%
Break-even: 1.9 days

Slippage unknown: SoDEX: no order-book sample; Deribit: 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 SoDEX no order-book sample	—	—	—	—	—
Sell Deribit no order-book sample	—	—	—	—	—

SoDEX and Deribit: 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
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.009084	+0.035%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−3.216%	$3K	$117K	5.5x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009096	+0.171%	$639K	$1.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009124	+0.475%	$122K	$691K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009132	+0.562%	$140K	$289K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009134	+0.587%	$39.7M	$184.7M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009133	+0.573%	$24.2M	$43.3M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009135	+0.595%	$8.1M	$54.4M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009140	+0.650%	$19K	$26K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.009135	+0.595%	$3.4M	$16.9M	75x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC PENGU_USDT	+0.0100%	4h	0.009140	+0.650%	$11.1M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009127	+0.507%	$5.3M	$9.9M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009140	+0.650%	$8.7M	$13.7M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.009134	+0.584%	—	$3.8M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009093	+0.132%	$304K	$371K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009072	−0.101%	$925K	$1.1M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009084	+0.034%	$481K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009082	+0.011%	$82K	$250K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009084	+0.033%	$23K	$193K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009295	+2.357%	$3K	$2.2M	10x	as long as short
SoDEX PENGU-USDlong	+0.0100%	1h	0.009081	long leg	$1K	$5K	5x
HTX PENGU-USDT	+0.0100%	4h	0.009109	+0.308%	$94K	$401K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009136	+0.607%	$188K	$841K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009074	−0.077%	$210K	—	3x	as long as short
Lighter PENGU	+0.0128%	1h	0.009136	+0.606%	$336K	$758K	8x	as long as short
01 Exchange PENGUUSD	+0.0232%	1h	0.009097	+0.176%	$208	$64	5x	as long as short
Reya PENGURUSDPERP	+0.0240%	1h	0.009086	+0.051%	$307	—	10x	as long as short
Deribit PENGU_USDC-PERPETUALshort	+0.0301%	1h	0.009084	+0.033%	$1K	$29K	10x
BloFin PENGU-USDT	+0.0340%	4h	0.009088	+0.077%	$1.6M	$4.9M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0391% / S −0.0291%	1h	0.009083	+0.022%	$92K	—	100x	as long as short
dYdX PENGU-USD	+0.0539%	1h	0.009137	+0.619%	$12K	$6K	5x	as long as short
Kraken Futures PF_PENGUUSD	+0.0671%	1h	0.009090	+0.094%	$339K	$2.5M	50x	as long as short
Hyperliquid PENGU	+0.0862%	1h	0.009140	+0.650%	$9.4M	$15.9M	5x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1664%	1h	0.009185	+1.145%	$81K	$69K	50x	as long as short