PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.1895%/8h= +207.5% APRnext payment +$2.37 per $10,000 · paid last 24h +0.559%

Price spread now: Coinbase International against Injective+4.631%64s7-day average — · you sell dearer than you buy

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

Long on Injective Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+1.640%+$164 on $10k

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 +$57 a day on $10k at the current rate, and Coinbase International is 4.631% dearer against Injective than usual: you sell high and buy low: +$463 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 64 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective PENGU/USDC PERP	0.008789	0.0033	pay 0.0004% / 1h	21m 46s	$3K	$117K	5.5x
Short	Coinbase International PENGU-PERP-INTX	0.009196	0.1928	get 0.0241% / 1h	21m 46s	$81K	$74K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Injective. 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 InjectivebpFee Coinbase InternationalbpOrdersPrice spread, now +4.631%Rate

Funding earned: $397.88
Price spread: +4.631% → 0.000%: $463.08
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $850.94
Costs to cover: 0.100%
Break-even: from the start

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

Injective 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
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.009152	+4.126%	$34K	—	150x	as long as short
Injective PENGU/USDC PERPlong	+0.0033%	1h	0.008789	long leg	$3K	$117K	5.5x
Lighter PENGU	+0.0096%	1h	0.009170	+4.335%	$331K	$773K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009132	+3.903%	$643K	$1.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009167	+4.297%	$147K	$718K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009153	+4.142%	$138K	$267K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009162	+4.247%	$40.4M	$193.9M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009152	+4.130%	$24.5M	$45.6M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009153	+4.142%	$8.2M	$57.1M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009140	+3.994%	$18K	$25K	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	0.009155	+4.164%	$3.7M	$18.0M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009162	+4.244%	$11.4M	$13.1M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009150	+4.107%	$5.0M	$10.3M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009165	+4.278%	$9.0M	$14.5M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.009149	+4.096%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009152	+4.130%	$317K	$382K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009119	+3.753%	$932K	$1.1M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009117	+3.732%	$478K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009121	+3.777%	$80K	$252K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009150	+4.107%	$24K	$290K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009374	+6.656%	$3K	$2.2M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009164	+4.267%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009170	+4.335%	$95K	$414K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009158	+4.194%	$188K	$744K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009147	+4.073%	$211K	—	3x	as long as short
Hyperliquid PENGU	+0.0172%	1h	0.009172	+4.358%	$9.3M	$16.6M	5x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0187%	1h	0.009158	+4.198%	$1K	$29K	10x	as long as short
Reya PENGURUSDPERP	+0.0240%	1h	0.009144	+4.038%	$309	—	10x	as long as short
01 Exchange PENGUUSD	+0.0328%	1h	0.009159	+4.210%	$210	$41	5x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009179	+4.437%	$1.6M	$5.1M	75x	as long as short
dYdX PENGU-USD	+0.0387%	1h	0.009152	+4.127%	$12K	$6K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0435% / S −0.0352%	1h	0.009155	+4.164%	$105K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0533%	1h	0.009167	+4.300%	$354K	$2.6M	50x	as long as short
Coinbase International PENGU-PERP-INTXshort	+0.1928%	1h	0.009196	+4.631%	$81K	$74K	50x