PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0071%/8h= −7.7% APRnext payment −$0.09 per $10,000 · paid last 24h +0.090%

Price spread now: Injective against Aevo−0.238%7-day average −0.695% · you buy dearer than you sell

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

Long on Aevo Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.192%+$19 on $10k

Price spread, last 4 days (all we have)−0.276%−$28 · spread now −0.238%, 7d avg −0.695%

Together, before fees−0.084%−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 0.457% dearer against Aevo than usual: you sell high and buy low (spread −0.238% now, against its 7-day average of −0.695%): +$46 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 22 days. Mind the row above: over the last 7 days funding on this pair paid +0.192%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo PENGU-PERP	0.008810	0.0104	pay 0.0013% / 1h	22m 26s	$204K	—	3x
Short	Injective PENGU/USDC PERP	0.008789	0.0033	get 0.0004% / 1h	22m 26s	$3K	$117K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Aevo. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 AevobpFee InjectivebpOrdersPrice spread, now −0.238%Rate

Funding earned: −$14.84
Price spread: −0.238% → −0.695%: $45.68
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $14.82
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Aevo: live order book, 36 min ago; Injective: 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 Aevo live order book, 36 min ago	11.44 bp	60.1 bp −$60	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	0.008816	+0.068%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008827	+0.191%	$33K	—	150x	as long as short
Injective PENGU/USDC PERPshort	+0.0033%	1h	0.008789	−0.238%	$3K	$117K	5.5x
Gate PENGU_USDT	+0.0078%	4h	0.008829	+0.216%	$3.3M	$15.7M	75x	as long as short
Lighter PENGU	+0.0096%	1h	0.008830	+0.227%	$314K	$719K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008815	+0.057%	$23K	$120K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008835	+0.289%	$596K	$1.0M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008839	+0.329%	$8.2M	$14.7M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008835	+0.284%	$119K	$589K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008824	+0.159%	$155K	$241K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PENGUUSDT	+0.0100%	4h	0.008829	+0.213%	$36.9M	$163.3M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008825	+0.170%	$23.3M	$39.5M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008833	+0.261%	$7.4M	$47.6M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008840	+0.341%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008828	+0.204%	$10.9M	$12.4M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008836	+0.295%	$4.9M	$9.2M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008835	+0.284%	$8.3M	$12.3M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008826	+0.182%	—	$3.5M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008815	+0.057%	$292K	$314K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008840	+0.339%	$918K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008868	+0.657%	$462K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008843	+0.375%	$80K	$242K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009020	+2.384%	$3K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008813	+0.034%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008823	+0.148%	$92K	$372K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008832	+0.253%	$185K	$946K	10x	as long as short
01 Exchange PENGUUSD	+0.0104%	1h	0.008841	+0.352%	$202	$64	5x	as long as short
Aevo PENGU-PERPlong	+0.0104%	1h	0.008810	long leg	$204K	—	3x
Reya PENGURUSDPERP	+0.0239%	1h	0.008828	+0.209%	$298	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008820	+0.114%	$1.5M	$3.7M	75x	as long as short
Kraken Futures PF_PENGUUSD	+0.0363%	1h	0.008822	+0.132%	$345K	$2.3M	50x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0499% / S −0.0492%	1h	0.008825	+0.170%	$119K	—	100x	as long as short
dYdX PENGU-USD	+0.0508%	1h	0.008821	+0.129%	$12K	$5K	5x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2928%	1h	0.008950	+1.589%	$96K	$62K	50x	as long as short