PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0097%/8h= −10.6% APRnext payment −$0.12 per $10,000 · paid last 24h −0.023%

Price spread now: gTrade (Gains Network) against Nado+0.022%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 gTrade (Gains Network)

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. gTrade (Gains Network) is 0.022% dearer against Nado than usual: you sell high and buy low (spread +0.022% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 18 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado PENGU-PERP	0.008865	0.0100	pay 0.0013% / 1h	31m 39s	$681K	$741K	5x
Short	gTrade (Gains Network) PENGU/USD	0.008867	L +0.0007% / S −0.0003%	get 0.0000% / 1h	31m 39s	$33K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.022%Rate

Funding earned: −$20.37
Price spread: +0.022% → 0.000%: $2.18
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$35.19
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Nado: live order book, 17 min ago; gTrade (Gains Network): 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, 17 min ago	1.69 bp	9.0 bp −$9	25.2 bp −$252	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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	−0.0426%	1h	0.008867	+0.023%	$21K	$8K	10x	as long as short
Kraken Futures PF_PENGUUSD	−0.0266%	1h	0.008877	+0.130%	$400K	$2.1M	50x	as long as short
Injective PENGU/USDC PERP	−0.0151%	1h	0.008884	+0.214%	$3K	$51K	5.5x	as long as short
Gate PENGU_USDT	−0.0124%	4h	0.008851	−0.158%	$3.6M	$14.5M	75x	as long as short
dYdX PENGU-USD	0.0000%	1h	0.008852	−0.145%	$12K	$5K	5x	as long as short
gTrade (Gains Network) PENGU/USDshort	L +0.0007% / S −0.0003%	1h	0.008867	+0.022%	$33K	—	150x
01 Exchange PENGUUSD	+0.0048%	1h	0.008873	+0.090%	$203	$59	5x	as long as short
Backpack PENGU_USDC_PERP	+0.0071%	1h	0.008859	−0.068%	$315K	$317K	10x	as long as short
Lighter PENGU	+0.0096%	1h	0.008857	−0.090%	$329K	$645K	8x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008868	+0.034%	$10.6M	$13.5M	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PENGUUSDT	+0.0100%	4h	0.008858	−0.078%	$175K	$408K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008849	−0.180%	$149K	$228K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008844	−0.233%	$37.4M	$145.1M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008844	−0.237%	$23.5M	$33.2M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008853	−0.135%	$8.0M	$45.8M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008870	+0.056%	$20K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008848	−0.192%	$13.2M	$12.1M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008851	−0.158%	$4.8M	$8.4M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008859	−0.068%	$8.2M	$11.8M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008843	−0.248%	—	$2.3M	—	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008899	+0.379%	$838K	$606K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008902	+0.414%	$466K	$2.4M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008908	+0.485%	$82K	$253K	50x	as long as short
Nado PENGU-PERPlong	+0.0100%	1h	0.008865	long leg	$681K	$741K	5x
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008868	+0.034%	$21K	$186K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009072	+2.335%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008867	+0.023%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008884	+0.214%	$98K	$233K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008849	−0.181%	$182K	$680K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008865	0.000%	$205K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0237%	1h	0.008864	−0.007%	$299	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008874	+0.102%	$1.5M	$2.6M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0504% / S −0.0698%	1h	0.008867	+0.023%	$114K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.3264%	1h	0.008903	+0.429%	$94K	$97K	50x	as long as short