PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0293%/8h= +32.0% APRnext payment +$0.37 per $10,000 · paid last 24h +0.380%

Price spread now: dYdX against gTrade (Gains Network)−0.110%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on dYdX

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

Funding pays, the price is against you. dYdX is 0.110% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.110% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 30 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) PENGU/USD	0.008816	L +0.0007% / S −0.0003%	pay 0.0001% / 1h	17m 58s	$32K	—	150x
Short	dYdX PENGU-USD	0.008807	0.0300	get 0.0037% / 1h	17m 58s	$12K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.110%Rate

Funding earned: $61.46
Price spread: −0.110% → 0.000%: −$10.99
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: $30.47
Costs to cover: 0.200%
Break-even: 3.5 days

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

gTrade (Gains Network) and 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 33 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	0.008814	−0.027%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USDlong	L +0.0007% / S −0.0003%	1h	0.008816	long leg	$32K	—	150x
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.310%	$3K	$117K	5.5x	as long as short
Variational Omni PENGU	+0.0060%	4h	0.008804	−0.142%	$876K	$999K	—	as long as short
Gate PENGU_USDT	+0.0066%	4h	0.008781	−0.401%	$3.4M	$15.6M	75x	as long as short
01 Exchange PENGUUSD	+0.0088%	1h	0.008804	−0.140%	$201	$64	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008822	+0.064%	$312K	$707K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008811	−0.061%	$19K	$161K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008799	−0.197%	$592K	$992K	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008783	−0.378%	$8.2M	$14.9M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PENGUUSDT	+0.0100%	4h	0.008815	−0.010%	$143K	$511K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008818	+0.019%	$155K	$245K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008776	−0.460%	$37.5M	$157.7M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008767	−0.560%	$23.0M	$38.4M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008776	−0.458%	$7.5M	$47.5M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008800	−0.185%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008786	−0.344%	$11.9M	$12.9M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008786	−0.344%	$4.7M	$9.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008778	−0.435%	$8.3M	$12.7M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008778	−0.435%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008784	−0.367%	$301K	$300K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008820	+0.042%	$472K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008811	−0.061%	$80K	$249K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009035	+2.480%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008816	−0.004%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008816	−0.004%	$94K	$337K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008774	−0.479%	$184K	$944K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008809	−0.083%	$203K	—	3x	as long as short
Kraken Futures PF_PENGUUSD	+0.0210%	1h	0.008824	+0.090%	$360K	$2.3M	50x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008805	−0.134%	$297	—	10x	as long as short
dYdX PENGU-USDshort	+0.0300%	1h	0.008807	−0.110%	$12K	$4K	5x
GMX PENGU/USD [WBTC.b-USDC]	L +0.0513% / S −0.0708%	1h	0.008816	−0.004%	$115K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1352%	1h	0.008967	+1.709%	$95K	$94K	50x	as long as short