PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0717%/8h= −78.5% APRnext payment −$0.90 per $10,000 · paid last 24h −0.353%

Price spread now: Kraken Futures against dYdX−0.064%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 Kraken Futures

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 −$22 a day on $10k at the current rate, and Kraken Futures is 0.064% cheaper against dYdX than usual: you would sell low and buy high (−$6 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	dYdX PENGU-USD	0.008797	0.0111	pay 0.0014% / 1h	45m 42s	$12K	$4K	5x
Short	Kraken Futures PF_PENGUUSD	0.008792	−0.0607	pay 0.0076% / 1h	45m 42s	$391K	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.064%Rate

Funding earned: −$150.64
Price spread: −0.064% → 0.000%: −$6.37
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$177.01
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; Kraken Futures: live order book, 3 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 Kraken Futures live order book, 3 min ago	1.71 bp	21.8 bp −$22	41.2 bp −$412	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
Kraken Futures PF_PENGUUSDshort	−0.0607%	1h	0.008792	−0.064%	$391K	$2.2M	50x
Gate PENGU_USDT	−0.0312%	4h	0.008790	−0.081%	$3.4M	$15.5M	75x	as long as short
01 Exchange PENGUUSD	−0.0096%	1h	0.008773	−0.274%	$201	$59	5x	as long as short
Bybit PENGUUSDT	−0.0056%	4h	0.008797	−0.001%	$22.8M	$36.1M	75x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008787	−0.115%	$19K	$9K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008780	−0.197%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008715	−0.933%	$3K	$81K	5.5x	as long as short
Nado PENGU-PERP	+0.0077%	1h	0.008769	−0.314%	$679K	$758K	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008801	+0.044%	$301K	$726K	8x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008799	+0.021%	$8.7M	$15.0M	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PENGUUSDT	+0.0100%	4h	0.008799	+0.021%	$174K	$449K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008805	+0.090%	$148K	$236K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008806	+0.097%	$36.4M	$151.7M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008800	+0.033%	$7.7M	$47.0M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008770	−0.308%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008804	+0.078%	$13.1M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008803	+0.067%	$4.8M	$8.8M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008805	+0.090%	$8.4M	$12.5M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008793	−0.047%	—	$3.9M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008786	−0.126%	$313K	$309K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008761	−0.413%	$811K	$726K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008763	−0.387%	$458K	$2.3M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008766	−0.354%	$80K	$253K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008789	−0.092%	$23K	$186K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009001	+2.318%	$2K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008787	−0.115%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008791	−0.070%	$92K	$250K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008793	−0.052%	$180K	$682K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008790	−0.081%	$203K	$17K	3x	as long as short
dYdX PENGU-USDlong	+0.0111%	1h	0.008797	long leg	$12K	$4K	5x
Reya PENGURUSDPERP	+0.0237%	1h	0.008773	−0.280%	$296	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008783	−0.161%	$1.5M	$2.7M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0509% / S −0.0711%	1h	0.008781	−0.183%	$114K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2504%	1h	0.008787	−0.115%	$94K	$99K	50x	as long as short