PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0049%/8h= +5.4% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against Variational Omni+0.234%7-day average — · you sell dearer than you buy

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

Long on Variational Omni 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 airdropVariational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and gTrade (Gains Network) is 0.234% dearer against Variational Omni than usual: you sell high and buy low: +$23 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni PENGU	0.008785	−0.0046	get 0.0023% / 4h	1h 13m	$802K	$802K	—
Short	gTrade (Gains Network) PENGU/USD	0.008806	L +0.0007% / S −0.0003%	get 0.0000% / 1h	13m 49s	$34K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Variational Omni. 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 Variational OmnibpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.234%Rate

Funding earned: $10.3
Price spread: +0.234% → 0.000%: $23.45
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $23.75
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 5 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 Variational Omni RFQ quote, 5 min ago	3.98 bp	doesn't fit	19.9 bp −$199	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
Kraken Futures PF_PENGUUSD	−0.0605%	1h	0.008811	+0.291%	$369K	$2.2M	50x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0318%	1h	0.008801	+0.178%	$19K	$9K	10x	as long as short
Gate PENGU_USDT	−0.0292%	4h	0.008795	+0.109%	$3.4M	$15.6M	75x	as long as short
Bybit PENGUUSDT	−0.0174%	4h	0.008788	+0.030%	$22.9M	$36.5M	75x	as long as short
01 Exchange PENGUUSD	−0.0096%	1h	0.008801	+0.178%	$201	$59	5x	as long as short
Variational Omni PENGUlong	−0.0046%	4h	0.008785	long leg	$802K	$802K	—
gTrade (Gains Network) PENGU/USDshort	L +0.0007% / S −0.0003%	1h	0.008806	+0.234%	$34K	—	150x
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.041%	$3K	$117K	5.5x	as long as short
Nado PENGU-PERP	+0.0079%	1h	0.008806	+0.234%	$686K	$760K	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008800	+0.166%	$309K	$736K	8x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid PENGU	+0.0100%	1h	0.008798	+0.143%	$8.7M	$15.0M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008806	+0.235%	$190K	$467K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008809	+0.269%	$152K	$239K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008793	+0.086%	$36.5M	$153.2M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008792	+0.075%	$7.7M	$47.2M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008810	+0.280%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008797	+0.132%	$12.7M	$12.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008804	+0.212%	$4.8M	$8.9M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008802	+0.189%	$8.4M	$12.6M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008796	+0.121%	—	$3.9M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008799	+0.155%	$314K	$309K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008784	−0.016%	$459K	$2.3M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008788	+0.030%	$80K	$253K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008801	+0.178%	$23K	$186K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009012	+2.579%	$2K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008798	+0.143%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008827	+0.473%	$92K	$249K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008793	+0.083%	$181K	$682K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008795	+0.109%	$203K	$17K	3x	as long as short
dYdX PENGU-USD	+0.0122%	1h	0.008807	+0.242%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERP	+0.0237%	1h	0.008801	+0.177%	$297	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008805	+0.223%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0511% / S −0.0711%	1h	0.008805	+0.223%	$115K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2504%	1h	0.008877	+1.043%	$94K	$104K	50x	as long as short