PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.1168%/8h= −127.9% APRnext payment −$1.46 per $10,000 · paid last 24h −0.233%

Price spread now: dYdX against Coinbase International−2.238%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 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 against this trade now: funding costs −$35 a day on $10k at the current rate, and dYdX is 2.238% cheaper against Coinbase International than usual: you would sell low and buy high (−$224 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	Coinbase International PENGU-PERP-INTX	0.008967	0.1352	pay 0.0169% / 1h	41m 23s	$95K	$104K	50x
Short	dYdX PENGU-USD	0.008766	0.0184	get 0.0023% / 1h	41m 23s	$12K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Coinbase International. 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 Coinbase InternationalbpFee dYdXbpOrdersPrice spread, now −2.238%Rate

Funding earned: −$245.33
Price spread: −2.238% → 0.000%: −$223.82
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$489.15
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 57 min ago; 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 Coinbase International live order book, 57 min ago	17.61 bp	22.6 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

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	−0.0093%	1h	0.008736	−2.576%	$18K	$10K	10x	as long as short
Nado PENGU-PERP	−0.0049%	1h	0.008745	−2.470%	$558K	$961K	5x	as long as short
Variational Omni PENGU	−0.0046%	4h	0.008732	−2.619%	$873K	$1.0M	—	as long as short
Gate PENGU_USDT	−0.0016%	4h	0.008733	−2.610%	$3.4M	$15.4M	75x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S 0.0000%	1h	0.008740	−2.537%	$23K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−1.985%	$3K	$117K	5.5x	as long as short
01 Exchange PENGUUSD	+0.0056%	1h	0.008782	−2.063%	$201	$64	5x	as long as short
ApeX Omni PENGUUSDT	+0.0087%	1h	0.008805	−1.807%	$80K	$248K	50x	as long as short
Lighter PENGU	+0.0096%	1h	0.008770	−2.197%	$310K	$706K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0097%	4h	0.008737	−2.565%	$19K	$170K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid PENGU	+0.0100%	1h	0.008742	−2.509%	$8.2M	$15.0M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008776	−2.129%	$168K	$444K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008768	−2.219%	$151K	$242K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008739	−2.543%	$37.1M	$157.2M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008734	−2.598%	$22.8M	$38.1M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008732	−2.621%	$7.5M	$47.4M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008780	−2.085%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008740	−2.532%	$12.1M	$12.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008736	−2.576%	$4.7M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008734	−2.598%	$8.2M	$12.7M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008735	−2.587%	—	$3.6M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008781	−2.074%	$301K	$323K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008776	−2.128%	$469K	$2.1M	10x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008949	−0.201%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008735	−2.587%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008755	−2.364%	$88K	$327K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008734	−2.603%	$180K	$940K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008730	−2.643%	$202K	—	3x	as long as short
dYdX PENGU-USDshort	+0.0184%	1h	0.008766	−2.238%	$12K	$4K	5x
Kraken Futures PF_PENGUUSD	+0.0212%	1h	0.008740	−2.529%	$361K	$2.3M	50x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008737	−2.567%	$295	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008832	−1.506%	$1.5M	$3.2M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0510% / S −0.0708%	1h	0.008740	−2.532%	$114K	—	100x	as long as short
Coinbase International PENGU-PERP-INTXlong	+0.1352%	1h	0.008967	long leg	$95K	$104K	50x