PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0036%/8h= +3.9% APRnext payment +$0.04 per $10,000 · paid last 24h −0.343%

Price spread now: Backpack against dYdX−0.002%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 6 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX PENGU-USD	0.009035	0.0064	pay 0.0008% / 1h	54m 13s	$12K	$5K	5x
Short	Backpack PENGU_USDC_PERP	0.009035	0.0100	get 0.0013% / 1h	54m 13s	$302K	$330K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against dYdX. 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 dYdXbpFee BackpackbpOrdersPrice spread, now −0.002%Rate

Funding earned: $7.48
Price spread: −0.002% → 0.000%: −$0.24
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$12.77
Costs to cover: 0.200%
Break-even: 19.0 days

Slippage unknown: dYdX: no order-book sample; Backpack: live order book, 64 min ago. 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 dYdX no order-book sample	—	—	—	—	—
Sell Backpack live order book, 64 min ago	0.57 bp	24.9 bp −$25	doesn't fit	doesn't fit	doesn't fit

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	0.0000%	1h	0.008998	−0.412%	$19K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.009002	−0.365%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−2.725%	$3K	$117K	5.5x	as long as short
dYdX PENGU-USDlong	+0.0064%	1h	0.009035	long leg	$12K	$5K	5x
Lighter PENGU	+0.0096%	1h	0.009006	−0.323%	$325K	$725K	8x	as long as short
01 Exchange PENGUUSD	+0.0096%	1h	0.009011	−0.268%	$206	$64	5x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008998	−0.406%	$605K	$1.0M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.009007	−0.312%	$8.4M	$14.7M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009024	−0.124%	$130K	$600K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009033	−0.025%	$159K	$243K	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	0.009004	−0.347%	$38.7M	$167.9M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008997	−0.423%	$23.9M	$40.1M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008993	−0.467%	$7.7M	$49.2M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009010	−0.279%	$19K	$24K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.009001	−0.379%	$3.4M	$15.9M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009003	−0.357%	$11.0M	$12.4M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009014	−0.235%	$4.9M	$9.3M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009005	−0.334%	$8.8M	$12.8M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.009006	−0.323%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERPshort	+0.0100%	1h	0.009035	−0.002%	$302K	$330K	10x
Variational Omni PENGU	+0.0100%	4h	0.008998	−0.413%	$934K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008963	−0.794%	$478K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008966	−0.766%	$81K	$242K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008997	−0.423%	$24K	$85K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009218	+2.023%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008997	−0.423%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009016	−0.213%	$93K	$377K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008991	−0.489%	$186K	$943K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008994	−0.456%	$208K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008999	−0.404%	$304	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009023	−0.135%	$1.5M	$4.0M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0514% / S −0.0477%	1h	0.009001	−0.379%	$127K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0607%	1h	0.009009	−0.289%	$351K	$2.4M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2704%	1h	0.009069	+0.374%	$96K	$61K	50x	as long as short