PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0074%/8h= +8.1% APRnext payment +$0.09 per $10,000 · paid last 24h −0.356%

Price spread now: Lighter against dYdX−0.134%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 Lighter

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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.134% cheaper against dYdX than usual: you would sell low and buy high (spread −0.134% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 6.0 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX PENGU-USD	0.008746	0.0022	pay 0.0003% / 1h	18m 37s	$12K	$4K	5x
Short	Lighter PENGU	0.008734	0.0096	get 0.0012% / 1h	18m 37s	$306K	$741K	8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.134%Rate

Funding earned: $15.55
Price spread: −0.134% → 0.000%: −$13.36
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$7.81
Costs to cover: 0.100%
Break-even: 10.5 days

Slippage unknown: dYdX: no order-book sample; Lighter: live order book, 56 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 Lighter live order book, 56 min ago	3.97 bp	8.6 bp −$9	73.9 bp −$739	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_PENGUUSD	−0.0342%	1h	0.008749	+0.042%	$368K	$2.3M	50x	as long as short
Bybit PENGUUSDT	−0.0308%	4h	0.008728	−0.202%	$22.7M	$36.8M	75x	as long as short
Gate PENGU_USDT	−0.0308%	4h	0.008732	−0.157%	$3.4M	$15.6M	75x	as long as short
Variational Omni PENGU	−0.0261%	4h	0.008723	−0.256%	$768K	$832K	—	as long as short
01 Exchange PENGUUSD	−0.0256%	1h	0.008732	−0.157%	$200	$59	5x	as long as short
Backpack PENGU_USDC_PERP	−0.0167%	1h	0.008733	−0.145%	$311K	$313K	10x	as long as short
Injective PENGU/USDC PERP	−0.0114%	1h	0.008789	+0.495%	$3K	$117K	5.5x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0093%	1h	0.008744	−0.019%	$19K	$9K	10x	as long as short
Nado PENGU-PERP	−0.0002%	1h	0.008736	−0.105%	$694K	$776K	5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008745	−0.005%	$33K	—	150x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX PENGU-USDlong	+0.0022%	1h	0.008746	long leg	$12K	$4K	5x
GRVT PENGU_USDT_Perp	+0.0090%	4h	0.008735	−0.121%	$457K	$2.1M	10x	as long as short
Lighter PENGUshort	+0.0096%	1h	0.008734	−0.134%	$306K	$741K	8x
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008743	−0.031%	$23K	$186K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008733	−0.145%	$8.4M	$15.3M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008742	−0.045%	$188K	$470K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008738	−0.088%	$151K	$239K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008737	−0.099%	$36.2M	$154.9M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008736	−0.111%	$7.5M	$47.0M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008740	−0.065%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008732	−0.157%	$12.3M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008737	−0.099%	$4.7M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008737	−0.099%	$8.3M	$12.6M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008736	−0.111%	—	$3.9M	—	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008731	−0.168%	$79K	$254K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008950	+2.336%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008740	−0.065%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008758	+0.141%	$91K	$249K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008735	−0.124%	$180K	$622K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008736	−0.111%	$202K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008739	−0.072%	$295	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008737	−0.099%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0496% / S −0.0683%	1h	0.008746	+0.004%	$110K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2688%	1h	0.008768	+0.255%	$93K	$103K	50x	as long as short