PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h +0.093%

Price spread now: Injective against Nado+0.411%7-day average −0.701% · you sell dearer than you buy

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

Long on Nado Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.101%+$10 on $10k

Price spread, last 4 days (all we have)−1.215%−$122 · spread now +0.411%, 7d avg −0.701%

Together, before fees−1.114%+ Points / potential airdropNado: Active · farm board−$111 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 1.113% dearer against Nado than usual: you sell high and buy low (spread +0.411% now, against its 7-day average of −0.701%): +$111 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 56 days. Mind the row above: over the last 3 days funding on this pair paid +0.101%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado PENGU-PERP	0.008753	0.0100	pay 0.0012% / 1h	27m 05s	$587K	$1.1M	5x
Short	Injective PENGU/USDC PERP	0.008789	0.0033	get 0.0004% / 1h	27m 05s	$3K	$117K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Nado. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpOrdersPrice spread, now +0.411%Rate

Funding earned: −$14
Price spread: +0.411% → −0.701%: $111.26
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $90.24
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Nado: live order book, 1 min ago; Injective: 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, 1 min ago	1.71 bp	8.1 bp −$8	22.6 bp −$226	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	0.008748	−0.057%	$17K	$12K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008749	−0.048%	$32K	—	150x	as long as short
Injective PENGU/USDC PERPshort	+0.0033%	1h	0.008789	+0.411%	$3K	$117K	5.5x
Lighter PENGU	+0.0096%	1h	0.008748	−0.057%	$317K	$750K	8x	as long as short
Nado PENGU-PERPlong	+0.0100%	1h	0.008753	long leg	$587K	$1.1M	5x
Hyperliquid PENGU	+0.0100%	1h	0.008750	−0.034%	$8.0M	$15.3M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008749	−0.047%	$120K	$667K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008755	+0.023%	$133K	$274K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008745	−0.090%	$36.8M	$177.0M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008734	−0.217%	$23.1M	$41.9M	75x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008740	−0.149%	$7.5M	$50.4M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008750	−0.034%	$18K	$25K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.008740	−0.149%	$3.3M	$16.5M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008744	−0.103%	$10.4M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008744	−0.103%	$4.9M	$9.7M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008746	−0.080%	$8.3M	$13.4M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008744	−0.103%	—	$3.7M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008741	−0.137%	$288K	$339K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008739	−0.158%	$912K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008762	+0.103%	$458K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008769	+0.183%	$79K	$250K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008751	−0.023%	$23K	$167K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008962	+2.388%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008744	−0.103%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008766	+0.149%	$91K	$392K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008741	−0.142%	$182K	$872K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008749	−0.046%	$202K	—	3x	as long as short
01 Exchange PENGUUSD	+0.0176%	1h	0.008756	+0.034%	$200	$64	5x	as long as short
dYdX PENGU-USD	+0.0187%	1h	0.008752	−0.014%	$12K	$6K	5x	as long as short
Reya PENGURUSDPERP	+0.0240%	1h	0.008751	−0.025%	$295	—	10x	as long as short
Kraken Futures PF_PENGUUSD	+0.0323%	1h	0.008749	−0.042%	$319K	$2.4M	50x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008745	−0.091%	$1.5M	$4.4M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0500% / S −0.0466%	1h	0.008748	−0.057%	$121K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1752%	1h	0.008825	+0.823%	$78K	$76K	50x	as long as short