PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.1565%/8h= +171.3% APRnext payment +$1.96 per $10,000 · paid last 24h +0.329%

Price spread now: Coinbase International against dYdX+0.837%7-day average — · you sell dearer than you buy

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

Long on dYdX Short on Coinbase International

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

Both sides work for this trade now. Funding pays +$47 a day on $10k at the current rate, and Coinbase International is 0.837% dearer against dYdX than usual: you sell high and buy low: +$84 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX PENGU-USD	0.008752	0.0187	pay 0.0023% / 1h	27m 41s	$12K	$6K	5x
Short	Coinbase International PENGU-PERP-INTX	0.008825	0.1752	get 0.0219% / 1h	27m 41s	$78K	$76K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.837%Rate

Funding earned: $328.57
Price spread: +0.837% → 0.000%: $83.69
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $392.26
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: dYdX: no order-book sample; Coinbase International: 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 dYdX no order-book sample	—	—	—	—	—
Sell Coinbase International no order-book sample	—	—	—	—	—

dYdX and Coinbase International: 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	0.008753	+0.014%	$17K	$12K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008742	−0.107%	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.426%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008758	+0.071%	$317K	$750K	8x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008757	+0.060%	$8.0M	$15.3M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008757	+0.063%	$120K	$667K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008755	+0.037%	$133K	$274K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008757	+0.060%	$36.9M	$177.0M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008746	−0.066%	$23.2M	$41.9M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008751	−0.009%	$7.5M	$50.4M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus PENGU-USD	+0.0100%	1h	0.008750	−0.020%	$18K	$25K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.008755	+0.037%	$3.3M	$16.5M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008755	+0.037%	$10.4M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008751	−0.009%	$4.9M	$9.7M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008757	+0.060%	$8.3M	$13.4M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008755	+0.037%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008753	+0.014%	$288K	$339K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008739	−0.144%	$912K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008762	+0.117%	$458K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008769	+0.197%	$79K	$250K	50x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008741	−0.123%	$586K	$1.1M	5x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008751	−0.009%	$23K	$166K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008947	+2.231%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008754	+0.026%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008765	+0.151%	$91K	$392K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008751	−0.011%	$182K	$872K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008745	−0.077%	$202K	—	3x	as long as short
01 Exchange PENGUUSD	+0.0176%	1h	0.008756	+0.048%	$200	$64	5x	as long as short
dYdX PENGU-USDlong	+0.0187%	1h	0.008752	long leg	$12K	$6K	5x
Reya PENGURUSDPERP	+0.0240%	1h	0.008742	−0.114%	$295	—	10x	as long as short
Kraken Futures PF_PENGUUSD	+0.0322%	1h	0.008757	+0.056%	$319K	$2.4M	50x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008774	+0.254%	$1.5M	$4.4M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0500% / S −0.0466%	1h	0.008743	−0.100%	$121K	—	100x	as long as short
Coinbase International PENGU-PERP-INTXshort	+0.1752%	1h	0.008825	+0.837%	$78K	$76K	50x