PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0208%/8h= −22.8% APRnext payment −$0.26 per $10,000 · paid last 24h +0.004%

Price spread now: 01 Exchange against Lighter−0.228%52s7-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 01 Exchange

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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and 01 Exchange is 0.228% cheaper against Lighter than usual: you would sell low and buy high (−$23 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 52 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	Lighter PENGU	0.008778	0.0096	pay 0.0012% / 1h	48m 46s	$300K	$726K	8x
Short	01 Exchange PENGUUSD	0.008758	−0.0112	pay 0.0014% / 1h	48m 46s	$200	$59	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.228%Rate

Funding earned: −$43.68
Price spread: −0.228% → 0.000%: −$22.78
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$73.46
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 31 min ago; 01 Exchange: 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, 31 min ago	2.30 bp	12.0 bp −$12	82.3 bp −$823	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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
Kraken Futures PF_PENGUUSD	−0.0608%	1h	0.008777	−0.016%	$388K	$2.2M	50x	as long as short
Gate PENGU_USDT	−0.0288%	4h	0.008770	−0.091%	$3.4M	$15.5M	75x	as long as short
01 Exchange PENGUUSDshort	−0.0112%	1h	0.008758	−0.228%	$200	$59	5x
Bybit PENGUUSDT	−0.0017%	4h	0.008766	−0.137%	$22.8M	$36.0M	75x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008771	−0.080%	$19K	$9K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008769	−0.103%	$33K	—	150x	as long as short
dYdX PENGU-USD	+0.0032%	1h	0.008777	−0.010%	$12K	$4K	5x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008715	−0.718%	$3K	$81K	5.5x	as long as short
Nado PENGU-PERP	+0.0051%	1h	0.008761	−0.194%	$679K	$758K	5x	as long as short
Lighter PENGUlong	+0.0096%	1h	0.008778	long leg	$300K	$726K	8x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid PENGU	+0.0100%	1h	0.008780	+0.023%	$8.7M	$15.0M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008779	+0.015%	$174K	$449K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008775	−0.034%	$148K	$236K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008776	−0.022%	$36.3M	$151.6M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008771	−0.080%	$7.7M	$46.9M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008750	−0.319%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008776	−0.023%	$13.1M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008776	−0.023%	$4.8M	$8.8M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008780	+0.023%	$8.4M	$12.6M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008766	−0.137%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008774	−0.046%	$313K	$310K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008761	−0.196%	$811K	$726K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008763	−0.170%	$458K	$2.3M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008763	−0.171%	$80K	$253K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008772	−0.068%	$23K	$186K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008973	+2.221%	$2K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008769	−0.103%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008784	+0.068%	$92K	$250K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008771	−0.083%	$180K	$682K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008768	−0.114%	$203K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0237%	1h	0.008765	−0.147%	$296	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008773	−0.057%	$1.5M	$2.7M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0506% / S −0.0703%	1h	0.008770	−0.091%	$113K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2504%	1h	0.008785	+0.080%	$93K	$101K	50x	as long as short