PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.057%

Price spread now: Deribit against 01 Exchange+0.113%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange 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

The price spread pays, funding is against you. Deribit is 0.113% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.113% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange PENGUUSD	0.008813	0.0096	pay 0.0012% / 1h	7m 15s	$202	$64	5x
Short	Deribit PENGU_USDC-PERPETUAL	0.008823	0	get 0.0000% / 1h	7m 15s	$18K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against 01 Exchange. 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 01 ExchangebpFee DeribitbpOrdersPrice spread, now +0.113%Rate

Funding earned: −$20.16
Price spread: +0.113% → 0.000%: $11.35
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$22.81
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: 01 Exchange: 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Deribit no order-book sample	—	—	—	—	—

01 Exchange 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 33 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-PERPETUALshort	0.0000%	1h	0.008823	+0.113%	$18K	$10K	10x
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008820	+0.085%	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.272%	$3K	$117K	5.5x	as long as short
Gate PENGU_USDT	+0.0086%	4h	0.008814	+0.011%	$3.4M	$15.6M	75x	as long as short
Lighter PENGU	+0.0096%	1h	0.008827	+0.159%	$313K	$709K	8x	as long as short
01 Exchange PENGUUSDlong	+0.0096%	1h	0.008813	long leg	$202	$64	5x
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008819	+0.068%	$19K	$161K	20x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008820	+0.079%	$876K	$999K	—	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008812	−0.011%	$8.2M	$14.7M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008816	+0.031%	$141K	$520K	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PENGU	+0.0100%	1h	0.008825	+0.136%	$155K	$245K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008824	+0.121%	$37.5M	$157.9M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008815	+0.023%	$23.2M	$38.2M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008819	+0.068%	$7.5M	$47.3M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008810	−0.034%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008815	+0.023%	$11.9M	$12.9M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008812	−0.011%	$4.7M	$9.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008824	+0.125%	$8.3M	$12.6M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008808	−0.057%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008833	+0.227%	$303K	$297K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008793	−0.225%	$463K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008793	−0.227%	$80K	$244K	50x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008806	−0.074%	$594K	$990K	5x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009030	+2.462%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008824	+0.125%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008831	+0.204%	$94K	$337K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008822	+0.107%	$185K	$941K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008815	+0.023%	$204K	—	3x	as long as short
Kraken Futures PF_PENGUUSD	+0.0209%	1h	0.008834	+0.233%	$363K	$2.3M	50x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008814	+0.014%	$298	—	10x	as long as short
dYdX PENGU-USD	+0.0334%	1h	0.008815	+0.025%	$12K	$4K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0513% / S −0.0582%	1h	0.008820	+0.079%	$120K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1352%	1h	0.008967	+1.747%	$95K	$94K	50x	as long as short