PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0401%/8h= +43.9% APRnext payment +$0.50 per $10,000 · paid last 24h −0.019%

Price spread now: Deribit against gTrade (Gains Network)+0.040%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 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 +$12 a day on $10k at the current rate, and Deribit is 0.040% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$4 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	gTrade (Gains Network) PENGU/USD	0.009122	L +0.0007% / S −0.0003%	pay 0.0001% / 1h	45m 03s	$34K	—	150x
Short	Deribit PENGU_USDC-PERPETUAL	0.009126	0.0408	get 0.0051% / 1h	45m 03s	$1K	$29K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee DeribitbpOrdersPrice spread, now +0.040%Rate

Funding earned: $84.2
Price spread: +0.040% → 0.000%: $4.05
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $71.25
Costs to cover: 0.170%
Break-even: 1.1 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Deribit: 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Deribit no order-book sample	—	—	—	—	—

gTrade (Gains Network) and Deribit: 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
gTrade (Gains Network) PENGU/USDlong	L +0.0007% / S −0.0003%	1h	0.009122	long leg	$34K	—	150x
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−3.654%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.009128	+0.062%	$327K	$767K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009093	−0.321%	$639K	$1.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009102	−0.219%	$131K	$702K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009069	−0.584%	$139K	$291K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009105	−0.190%	$39.7M	$188.0M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009092	−0.332%	$24.1M	$44.0M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009096	−0.288%	$8.1M	$54.7M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009070	−0.573%	$18K	$26K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate PENGU_USDT	+0.0100%	4h	0.009112	−0.113%	$3.5M	$17.0M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009120	−0.025%	$11.5M	$12.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009125	+0.029%	$5.3M	$10.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009120	−0.025%	$8.7M	$13.8M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.009104	−0.201%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009117	−0.058%	$314K	$362K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009074	−0.531%	$925K	$1.1M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009109	−0.148%	$482K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009106	−0.179%	$80K	$251K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009118	−0.047%	$23K	$208K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009340	+2.386%	$3K	$2.2M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009121	−0.014%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009121	−0.014%	$94K	$404K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009120	−0.020%	$189K	$847K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009117	−0.058%	$211K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0240%	1h	0.009098	−0.269%	$307	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009120	−0.025%	$1.6M	$4.9M	75x	as long as short
01 Exchange PENGUUSD	+0.0360%	1h	0.009075	−0.519%	$208	$64	5x	as long as short
Deribit PENGU_USDC-PERPETUALshort	+0.0408%	1h	0.009126	+0.040%	$1K	$29K	10x
GMX PENGU/USD [WBTC.b-USDC]	L +0.0444% / S −0.0368%	1h	0.009123	+0.008%	$107K	—	100x	as long as short
Hyperliquid PENGU	+0.0483%	1h	0.009120	−0.025%	$9.4M	$16.1M	5x	as long as short
Kraken Futures PF_PENGUUSD	+0.0668%	1h	0.009130	+0.088%	$334K	$2.5M	50x	as long as short
dYdX PENGU-USD	+0.0841%	1h	0.009065	−0.626%	$12K	$6K	5x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1664%	1h	0.009194	+0.786%	$81K	$69K	50x	as long as short