PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0075%/8h= −8.2% APRnext payment −$0.09 per $10,000 · paid last 24h +0.320%

Price spread now: dYdX against Nado−0.089%7-day average — · you buy dearer than you sell

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

Long on Nado Short on dYdX

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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and dYdX is 0.089% cheaper against Nado than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado PENGU-PERP	0.008998	0.0100	pay 0.0012% / 1h	46m 34s	$604K	$1.0M	5x
Short	dYdX PENGU-USD	0.008990	0.0025	get 0.0003% / 1h	46m 34s	$12K	$5K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.089%Rate

Funding earned: −$15.8
Price spread: −0.089% → 0.000%: −$8.92
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$41.72
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Nado: live order book, 2 min ago; dYdX: 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, 2 min ago	2.22 bp	12.9 bp −$13	41.2 bp −$412	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	0.008983	−0.167%	$19K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008987	−0.119%	$33K	—	150x	as long as short
dYdX PENGU-USDshort	+0.0025%	1h	0.008990	−0.089%	$12K	$5K	5x
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−2.323%	$3K	$117K	5.5x	as long as short
01 Exchange PENGUUSD	+0.0072%	1h	0.008993	−0.056%	$206	$64	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008993	−0.056%	$334K	$745K	8x	as long as short
Nado PENGU-PERPlong	+0.0100%	1h	0.008998	long leg	$604K	$1.0M	5x
Hyperliquid PENGU	+0.0100%	1h	0.009006	+0.089%	$8.5M	$14.8M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009004	+0.068%	$129K	$602K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008990	−0.089%	$139K	$270K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PENGUUSDT	+0.0100%	4h	0.008997	−0.011%	$38.6M	$169.8M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008995	−0.033%	$24.0M	$40.5M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008998	0.000%	$7.9M	$49.8M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008990	−0.089%	$19K	$24K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.008986	−0.133%	$3.4M	$16.1M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008991	−0.078%	$11.2M	$12.5M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008988	−0.111%	$4.9M	$9.4M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008995	−0.033%	$8.7M	$12.8M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008985	−0.144%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008973	−0.278%	$300K	$330K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009060	+0.688%	$945K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009005	+0.072%	$473K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009016	+0.200%	$92K	$247K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008982	−0.178%	$24K	$82K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009199	+2.234%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008982	−0.178%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009007	+0.100%	$93K	$378K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008986	−0.128%	$186K	$944K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008980	−0.200%	$207K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008983	−0.164%	$303	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008964	−0.378%	$1.5M	$4.1M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0504% / S −0.0415%	1h	0.008987	−0.122%	$128K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0609%	1h	0.008990	−0.086%	$352K	$2.4M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2704%	1h	0.009060	+0.689%	$96K	$61K	50x	as long as short