PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0383%/8h= −41.9% APRnext payment −$0.48 per $10,000 · paid last 24h −0.054%

Price spread now: Deribit against Nado+0.057%7-day average — · you sell dearer than you buy

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

Long on Nado Short on Deribit

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 airdropNado: Active · farm boardneeds both histories

The price spread pays, funding is against you. Deribit is 0.057% dearer against Nado than usual: you sell high and buy low (spread +0.057% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 12 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado PENGU-PERP	0.008776	0.0064	pay 0.0008% / 1h	8m 16s	$683K	$759K	5x
Short	Deribit PENGU_USDC-PERPETUAL	0.008781	−0.0319	pay 0.0040% / 1h	8m 16s	$19K	$9K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Nado. 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 NadobpFee DeribitbpOrdersPrice spread, now +0.057%Rate

Funding earned: −$80.36
Price spread: +0.057% → 0.000%: $5.7
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$88.66
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Nado: live order book, 10 min ago; Deribit: 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 Nado live order book, 10 min ago	1.71 bp	9.8 bp −$10	56.7 bp −$567	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	−0.0607%	1h	0.008789	+0.149%	$368K	$2.2M	50x	as long as short
Deribit PENGU_USDC-PERPETUALshort	−0.0319%	1h	0.008781	+0.057%	$19K	$9K	10x
Gate PENGU_USDT	−0.0284%	4h	0.008778	+0.023%	$3.4M	$15.6M	75x	as long as short
Bybit PENGUUSDT	−0.0178%	4h	0.008774	−0.023%	$22.8M	$36.4M	75x	as long as short
01 Exchange PENGUUSD	−0.0120%	1h	0.008780	+0.046%	$201	$59	5x	as long as short
Variational Omni PENGU	−0.0063%	4h	0.008782	+0.072%	$803K	$802K	—	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008784	+0.092%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.148%	$3K	$117K	5.5x	as long as short
Nado PENGU-PERPlong	+0.0064%	1h	0.008776	long leg	$683K	$759K	5x
Lighter PENGU	+0.0096%	1h	0.008782	+0.068%	$308K	$736K	8x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack PENGU_USDC_PERP	+0.0097%	1h	0.008796	+0.228%	$314K	$309K	10x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008783	+0.080%	$8.7M	$15.0M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008791	+0.173%	$189K	$467K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008793	+0.194%	$152K	$239K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008779	+0.034%	$36.4M	$153.4M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008777	+0.011%	$7.6M	$47.2M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008790	+0.160%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008785	+0.103%	$12.6M	$12.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008789	+0.148%	$4.8M	$8.9M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008787	+0.125%	$8.3M	$12.6M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008769	−0.080%	—	$2.3M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008788	+0.138%	$460K	$2.3M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008793	+0.194%	$80K	$253K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008781	+0.057%	$23K	$186K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009004	+2.598%	$2K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008779	+0.034%	$996	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008804	+0.319%	$92K	$249K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008777	+0.014%	$181K	$622K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008780	+0.046%	$203K	$17K	3x	as long as short
dYdX PENGU-USD	+0.0136%	1h	0.008799	+0.265%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERP	+0.0237%	1h	0.008777	+0.017%	$296	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008798	+0.251%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0511% / S −0.0711%	1h	0.008785	+0.103%	$114K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2504%	1h	0.008896	+1.367%	$95K	$105K	50x	as long as short