PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0013%/8h= +1.4% APRnext payment +$0.02 per $10,000 · paid last 24h +0.005%

Price spread now: Extended against Nado−0.078%7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$390.391% of the position

Long on Nado Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.069%+$7 on $10k

Price spread, last 3 days (all we have)−0.174%−$17 · spread now −0.078%, 7d avg −0.053%

Together, before fees−0.104%+ Points / potential airdropNado: Active · Extended: Active · farm board−$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.026% cheaper against Nado than usual: you would sell low and buy high (spread −0.078% now, against its 7-day average of −0.053%). If the spread goes back, that is −$3 on $10k: about 6.7 days of funding at the current rate ($0 a day). At the pace of the last 3 days (+0.069% in total) that is about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado PENGU-PERP	0.008813	0.0091	pay 0.0011% / 1h	28m 01s	$698K	$767K	5x
Short	Extended PENGU-USD	0.008806	0.0104	get 0.0013% / 1h	28m 01s	$182K	$973K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.078%Rate

Funding earned: $2.69
Price spread: −0.078% → −0.053%: −$2.57
Slippage, 4 orders: −$27.06
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$38.94
Costs to cover: 0.391%
Break-even: 108.2 days

Slippage from Nado: live order book, 45 min ago; Extended: live order book, 45 min ago.

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, 45 min ago	1.72 bp	10.5 bp −$11	23.5 bp −$235	doesn't fit	doesn't fit
Sell Extended live order book, 45 min ago	0.57 bp	9.9 bp −$10	84.0 bp −$840	doesn't fit	doesn't fit

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	−0.0391%	1h	0.008835	+0.249%	$370K	$2.3M	50x	as long as short
Gate PENGU_USDT	−0.0236%	4h	0.008824	+0.125%	$3.4M	$15.6M	75x	as long as short
01 Exchange PENGUUSD	−0.0224%	1h	0.008811	−0.023%	$202	$59	5x	as long as short
Variational Omni PENGU	−0.0221%	4h	0.008831	+0.206%	$871K	$933K	—	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0203%	1h	0.008827	+0.159%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008823	+0.114%	$34K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.272%	$3K	$117K	5.5x	as long as short
dYdX PENGU-USD	+0.0084%	1h	0.008837	+0.270%	$12K	$4K	5x	as long as short
Nado PENGU-PERPlong	+0.0091%	1h	0.008813	long leg	$698K	$767K	5x
Lighter PENGU	+0.0096%	1h	0.008829	+0.182%	$308K	$728K	8x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008825	+0.136%	$24K	$176K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008824	+0.125%	$8.3M	$15.7M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008831	+0.208%	$189K	$481K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008834	+0.238%	$152K	$238K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008820	+0.079%	$36.8M	$154.8M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008811	−0.023%	$23.2M	$37.3M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008809	−0.045%	$7.6M	$47.3M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008820	+0.079%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008822	+0.102%	$13.0M	$12.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008827	+0.159%	$4.7M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008815	+0.023%	$8.4M	$12.7M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008822	+0.102%	—	$3.8M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008822	+0.102%	$306K	$322K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008836	+0.260%	$468K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008810	−0.034%	$80K	$254K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009025	+2.406%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008824	+0.125%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008836	+0.261%	$91K	$296K	25x	as long as short
Extended PENGU-USDshort	+0.0104%	1h	0.008806	−0.078%	$182K	$973K	10x
Aevo PENGU-PERP	+0.0104%	1h	0.008817	+0.045%	$204K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008815	+0.026%	$298	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008816	+0.034%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0517% / S −0.0723%	1h	0.008821	+0.091%	$116K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1648%	1h	0.008863	+0.567%	$94K	$103K	50x	as long as short