PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0045%/8h= −4.9% APRnext payment −$0.06 per $10,000 · paid last 24h +0.355%

Price spread now: dYdX against SoDEX+0.076%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 dYdX

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

The price spread pays, funding is against you. dYdX is 0.076% dearer against SoDEX than usual: you sell high and buy low (spread +0.076% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX PENGU-USD	0.008786	0.0100	pay 0.0013% / 1h	38m 33s	$1K	$5K	5x
Short	dYdX PENGU-USD	0.008793	0.0055	get 0.0007% / 1h	38m 33s	$12K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.076%Rate

Funding earned: −$9.47
Price spread: +0.076% → 0.000%: $7.6
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$19.87
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; dYdX: 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 dYdX no order-book sample	—	—	—	—	—

SoDEX and dYdX: 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	−0.0546%	1h	0.008786	0.000%	$18K	$10K	10x	as long as short
Kraken Futures PF_PENGUUSD	−0.0393%	1h	0.008801	+0.167%	$368K	$2.3M	50x	as long as short
Gate PENGU_USDT	−0.0362%	4h	0.008796	+0.114%	$3.4M	$15.5M	75x	as long as short
Variational Omni PENGU	−0.0292%	4h	0.008826	+0.457%	$872K	$931K	—	as long as short
01 Exchange PENGUUSD	−0.0232%	1h	0.008789	+0.034%	$201	$59	5x	as long as short
Bybit PENGUUSDT	0.0000%	4h	0.008787	+0.011%	$23.1M	$37.4M	75x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008800	+0.163%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.034%	$3K	$117K	5.5x	as long as short
Backpack PENGU_USDC_PERP	+0.0038%	1h	0.008785	−0.011%	$308K	$312K	10x	as long as short
dYdX PENGU-USDshort	+0.0055%	1h	0.008793	+0.076%	$12K	$4K	5x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT PENGU_USDT_Perp	+0.0064%	4h	0.008824	+0.432%	$468K	$2.1M	10x	as long as short
Nado PENGU-PERP	+0.0075%	1h	0.008795	+0.102%	$697K	$771K	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008795	+0.102%	$308K	$727K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008794	+0.091%	$23K	$183K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008790	+0.046%	$8.2M	$15.6M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008796	+0.118%	$188K	$481K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008797	+0.125%	$152K	$239K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008793	+0.079%	$36.8M	$155.3M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008790	+0.046%	$7.6M	$47.3M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008800	+0.159%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008798	+0.137%	$12.3M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008800	+0.159%	$4.7M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008800	+0.159%	$8.4M	$12.7M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008790	+0.046%	—	$2.3M	—	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008829	+0.489%	$80K	$254K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008992	+2.345%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USDlong	+0.0100%	1h	0.008786	long leg	$1K	$5K	5x
HTX PENGU-USDT	+0.0100%	4h	0.008843	+0.649%	$91K	$295K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008798	+0.138%	$181K	$864K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008781	−0.057%	$203K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008791	+0.060%	$297	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008793	+0.080%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0515% / S −0.0720%	1h	0.008804	+0.205%	$116K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1648%	1h	0.008863	+0.876%	$94K	$103K	50x	as long as short