PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.2608%/8h= +285.6% APRnext payment +$3.26 per $10,000 · paid last 24h +0.626%

Price spread now: Coinbase International against Lighter−0.034%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+1.818%+$182 on $10k

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. Coinbase International is 0.034% cheaper against Lighter than usual: you would sell low and buy high (spread −0.034% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 1 hour of funding at the current rate (+$78 a day). At the pace of the last 7 days (+1.818% in total) that is about 3 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.818% in total (about 94.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.26 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PENGU	0.008943	0.0096	pay 0.0012% / 1h	23m 41s	$326K	$752K	8x
Short	Coinbase International PENGU-PERP-INTX	0.008940	0.2704	get 0.0338% / 1h	23m 41s	$94K	$62K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Lighter. 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 LighterbpFee Coinbase InternationalbpOrdersPrice spread, now −0.034%Rate

Funding earned: $547.68
Price spread: −0.034% → 0.000%: −$3.35
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $534.33
Costs to cover: 0.100%
Break-even: 0.2 days

Slippage unknown: Lighter: live order book, 26 min ago; 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 Lighter live order book, 26 min ago	5.54 bp	20.3 bp −$20	79.4 bp −$794	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

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
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008912	−0.347%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008913	−0.340%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−1.722%	$3K	$117K	5.5x	as long as short
dYdX PENGU-USD	+0.0036%	1h	0.008931	−0.135%	$12K	$5K	5x	as long as short
Gate PENGU_USDT	+0.0054%	4h	0.008924	−0.212%	$3.3M	$16.4M	75x	as long as short
01 Exchange PENGUUSD	+0.0080%	1h	0.008923	−0.224%	$204	$64	5x	as long as short
Lighter PENGUlong	+0.0096%	1h	0.008943	long leg	$326K	$752K	8x
Nado PENGU-PERP	+0.0100%	1h	0.008920	−0.263%	$598K	$1.0M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008944	+0.011%	$8.5M	$15.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008933	−0.114%	$138K	$643K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PENGU	+0.0100%	1h	0.008929	−0.157%	$136K	$272K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008931	−0.131%	$38.1M	$172.3M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008920	−0.257%	$23.8M	$41.1M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008924	−0.212%	$7.8M	$50.1M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008920	−0.257%	$19K	$25K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008928	−0.168%	$10.9M	$12.7M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008941	−0.022%	$4.9M	$9.5M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008933	−0.112%	$8.7M	$12.9M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008915	−0.313%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008923	−0.224%	$298K	$328K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008894	−0.550%	$928K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008959	+0.182%	$476K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008939	−0.045%	$81K	$251K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008912	−0.347%	$24K	$105K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009122	+2.002%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008914	−0.324%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008931	−0.134%	$92K	$379K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008922	−0.240%	$185K	$939K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008901	−0.470%	$206K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008909	−0.386%	$301	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008908	−0.391%	$1.5M	$4.1M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0502% / S −0.0415%	1h	0.008909	−0.380%	$127K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0613%	1h	0.008920	−0.252%	$349K	$2.4M	50x	as long as short
Coinbase International PENGU-PERP-INTXshort	+0.2704%	1h	0.008940	−0.034%	$94K	$62K	50x