PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.009%

Price spread now: gTrade (Gains Network) against Variational Omni−0.080%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on gTrade (Gains Network)

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 airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.080% cheaper against Variational Omni than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni PENGU	0.009035	0.0100	pay 0.0050% / 4h	58m 44s	$921K	$1.1M	—
Short	gTrade (Gains Network) PENGU/USD	0.009028	L +0.0007% / S −0.0003%	get 0.0000% / 1h	58m 44s	$33K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Variational Omni. 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 Variational OmnibpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.080%Rate

Funding earned: −$20.38
Price spread: −0.080% → 0.000%: −$8.05
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$38.43
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, just now; gTrade (Gains Network): 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 Variational Omni RFQ quote, just now	3.87 bp	doesn't fit	29.3 bp −$293	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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	0.009032	−0.032%	$1K	$29K	10x	as long as short
gTrade (Gains Network) PENGU/USDshort	L +0.0007% / S −0.0003%	1h	0.009028	−0.080%	$33K	—	150x
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−2.722%	$3K	$117K	5.5x	as long as short
dYdX PENGU-USD	+0.0051%	1h	0.009011	−0.263%	$12K	$6K	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.009028	−0.077%	$323K	$769K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009027	−0.088%	$637K	$1.1M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.009028	−0.077%	$9.0M	$16.3M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009016	−0.207%	$142K	$716K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009012	−0.254%	$136K	$264K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009012	−0.258%	$39.3M	$190.3M	75x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit PENGUUSDT	+0.0100%	4h	0.009004	−0.342%	$24.1M	$44.6M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009007	−0.309%	$8.0M	$54.6M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009020	−0.165%	$18K	$25K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.009017	−0.198%	$3.6M	$17.4M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009012	−0.254%	$10.9M	$12.9M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009010	−0.276%	$5.0M	$10.2M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009014	−0.232%	$8.7M	$13.9M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.009001	−0.375%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009018	−0.187%	$295K	$368K	10x	as long as short
Variational Omni PENGUlong	+0.0100%	4h	0.009035	long leg	$921K	$1.1M	—
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009042	+0.084%	$474K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009045	+0.112%	$79K	$252K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009031	−0.043%	$23K	$250K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009250	+2.381%	$3K	$2.2M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009029	−0.066%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009043	+0.089%	$93K	$404K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009008	−0.298%	$185K	$523K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009023	−0.132%	$208K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0240%	1h	0.009026	−0.097%	$305	—	10x	as long as short
01 Exchange PENGUUSD	+0.0304%	1h	0.009034	−0.010%	$207	$60	5x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009035	+0.001%	$1.6M	$4.9M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0442% / S −0.0368%	1h	0.009027	−0.088%	$106K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0540%	1h	0.009035	−0.004%	$337K	$2.5M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1928%	1h	0.009135	+1.108%	$80K	$70K	50x	as long as short