PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0575%/8h= +62.9% APRnext payment +$0.72 per $10,000 · paid last 24h +0.009%

Price spread now: Kraken Futures against Nado+0.077%46s7-day average +0.102% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$600.595% of the position

Long on Nado Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.061%+$6 on $10k

Price spread, last 4 days (all we have)+0.089%+$9 · spread now +0.077%, 7d avg +0.102%

Together, before fees+0.150%+ Points / potential airdropNado: Active · farm board+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.025% cheaper against Nado than usual: you would sell low and buy high (spread +0.077% now, against its 7-day average of +0.102%). If the spread goes back, that is −$3 on $10k: about 3 hours of funding at the current rate (+$17 a day). At the pace of the last 3 days (+0.061% in total) that is about 35 hours. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.061% in total (about 6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.72 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado PENGU-PERP	0.009038	0.0100	pay 0.0012% / 1h	15m 32s	$637K	$1.1M	5x
Short	Kraken Futures PF_PENGUUSD	0.009045	0.0675	get 0.0084% / 1h	15m 32s	$337K	$2.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.077%Rate

Funding earned: $120.66
Price spread: +0.077% → +0.102%: −$2.51
Slippage, 4 orders: −$42.53
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $58.62
Costs to cover: 0.595%
Break-even: 3.6 days

Slippage from Nado: live order book, 3 min ago; Kraken Futures: live order book, 3 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, 3 min ago	1.66 bp	7.8 bp −$8	25.0 bp −$250	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 min ago	5.52 bp	17.5 bp −$17	29.0 bp −$290	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
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.009037	−0.008%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−2.755%	$3K	$117K	5.5x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0082%	1h	0.009040	+0.022%	$1K	$29K	10x	as long as short
Lighter PENGU	+0.0096%	1h	0.009046	+0.089%	$325K	$768K	8x	as long as short
Nado PENGU-PERPlong	+0.0100%	1h	0.009038	long leg	$637K	$1.1M	5x
Aster PENGUUSDT	+0.0100%	4h	0.009047	+0.102%	$143K	$716K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009041	+0.033%	$136K	$258K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009043	+0.050%	$39.5M	$189.8M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009032	−0.066%	$24.0M	$44.3M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009035	−0.033%	$7.9M	$54.7M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus PENGU-USD	+0.0100%	1h	0.009050	+0.133%	$18K	$25K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.009034	−0.044%	$3.7M	$17.5M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009043	+0.055%	$11.0M	$13.0M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009041	+0.033%	$5.1M	$10.2M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009043	+0.055%	$8.7M	$13.9M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.009033	−0.055%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009034	−0.044%	$308K	$360K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009026	−0.134%	$920K	$1.1M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009071	+0.364%	$476K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009043	+0.055%	$79K	$252K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009036	−0.022%	$23K	$237K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009262	+2.478%	$3K	$2.2M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009038	0.000%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009075	+0.409%	$94K	$404K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009034	−0.040%	$186K	$523K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009036	−0.022%	$209K	—	3x	as long as short
Hyperliquid PENGU	+0.0240%	1h	0.009049	+0.122%	$9.1M	$16.3M	5x	as long as short
Reya PENGURUSDPERP	+0.0240%	1h	0.009039	+0.008%	$305	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009045	+0.077%	$1.6M	$4.9M	75x	as long as short
01 Exchange PENGUUSD	+0.0344%	1h	0.009045	+0.077%	$207	$60	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0442% / S −0.0368%	1h	0.009039	+0.011%	$107K	—	100x	as long as short
dYdX PENGU-USD	+0.0601%	1h	0.009041	+0.030%	$12K	$6K	5x	as long as short
Kraken Futures PF_PENGUUSDshort	+0.0675%	1h	0.009045	+0.077%	$337K	$2.5M	50x
Coinbase International PENGU-PERP-INTX	+0.1664%	1h	0.009135	+1.073%	$80K	$70K	50x	as long as short