PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h −0.091%

Price spread now: SoDEX against Injective+2.697%62s7-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 SoDEX

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 +$2 a day on $10k at the current rate, and SoDEX is 2.697% dearer against Injective than usual: you sell high and buy low: +$270 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 62 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	29m 58s	$3K	$117K	5.5x
Short	SoDEX PENGU-USD	0.009026	0.0100	get 0.0013% / 1h	29m 58s	$1K	$5K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +2.697%Rate

Funding earned: $14
Price spread: +2.697% → 0.000%: $269.66
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $275.64
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; SoDEX: 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 SoDEX no order-book sample	—	—	—	—	—

Injective and SoDEX: 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	0.009024	+2.669%	$33K	—	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	0.009033	+2.776%	$324K	$768K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009017	+2.600%	$635K	$1.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009030	+2.741%	$143K	$716K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009017	+2.594%	$136K	$295K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009026	+2.697%	$39.4M	$188.8M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009016	+2.583%	$23.9M	$44.1M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009019	+2.617%	$8.0M	$54.4M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009020	+2.628%	$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	0.009021	+2.640%	$3.4M	$17.2M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009027	+2.708%	$11.0M	$12.9M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009025	+2.685%	$5.0M	$10.2M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009031	+2.753%	$8.6M	$13.9M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.009017	+2.594%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009022	+2.651%	$310K	$360K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009012	+2.536%	$918K	$1.1M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009017	+2.597%	$473K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009022	+2.651%	$79K	$252K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009024	+2.674%	$23K	$220K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009235	+5.075%	$3K	$2.2M	10x	as long as short
SoDEX PENGU-USDshort	+0.0100%	1h	0.009026	+2.697%	$1K	$5K	5x
HTX PENGU-USDT	+0.0100%	4h	0.009032	+2.765%	$93K	$404K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009023	+2.666%	$185K	$526K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009020	+2.628%	$208K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0240%	1h	0.009018	+2.603%	$305	—	10x	as long as short
Hyperliquid PENGU	+0.0294%	1h	0.009034	+2.788%	$9.0M	$16.2M	5x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0304%	1h	0.009029	+2.731%	$1K	$29K	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009020	+2.628%	$1.6M	$4.9M	75x	as long as short
01 Exchange PENGUUSD	+0.0344%	1h	0.009021	+2.640%	$206	$64	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0442% / S −0.0368%	1h	0.009019	+2.617%	$106K	—	100x	as long as short
dYdX PENGU-USD	+0.0668%	1h	0.009012	+2.539%	$12K	$6K	5x	as long as short
Kraken Futures PF_PENGUUSD	+0.0675%	1h	0.009033	+2.774%	$337K	$2.5M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1664%	1h	0.009151	+4.119%	$81K	$69K	50x	as long as short