PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0184%/8h= +20.1% APRnext payment +$0.23 per $10,000 · paid last 24h −0.006%

Price spread now: Nado against 01 Exchange−0.046%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Nado

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

Funding pays, the price is against you. Nado is 0.046% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.046% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 20 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange PENGUUSD	0.008780	−0.0120	get 0.0015% / 1h	8m 24s	$201	$59	5x
Short	Nado PENGU-PERP	0.008776	0.0064	get 0.0008% / 1h	8m 24s	$683K	$759K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against 01 Exchange. 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 01 ExchangebpFee NadobpOrdersPrice spread, now −0.046%Rate

Funding earned: $38.57
Price spread: −0.046% → 0.000%: −$4.56
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $20.01
Costs to cover: 0.140%
Break-even: 3.4 days

Slippage unknown: 01 Exchange: no order-book sample; Nado: live order book, 10 min ago. 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Nado live order book, 10 min ago	1.71 bp	8.6 bp −$9	48.9 bp −$489	doesn't fit	doesn't fit

01 Exchange: 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	−0.0606%	1h	0.008804	+0.278%	$368K	$2.2M	50x	as long as short
Gate PENGU_USDT	−0.0284%	4h	0.008786	+0.068%	$3.4M	$15.6M	75x	as long as short
Bybit PENGUUSDT	−0.0178%	4h	0.008775	−0.057%	$22.8M	$36.4M	75x	as long as short
01 Exchange PENGUUSDlong	−0.0120%	1h	0.008780	long leg	$201	$59	5x
Deribit PENGU_USDC-PERPETUAL	−0.0091%	1h	0.008796	+0.182%	$19K	$9K	10x	as long as short
Variational Omni PENGU	−0.0063%	4h	0.008782	+0.026%	$803K	$802K	—	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008784	+0.046%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.103%	$3K	$117K	5.5x	as long as short
Nado PENGU-PERPshort	+0.0064%	1h	0.008776	−0.046%	$683K	$759K	5x
Lighter PENGU	+0.0096%	1h	0.008795	+0.171%	$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
Backpack PENGU_USDC_PERP	+0.0097%	1h	0.008796	+0.182%	$314K	$309K	10x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008783	+0.034%	$8.7M	$15.0M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008799	+0.211%	$189K	$467K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008793	+0.148%	$152K	$239K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008787	+0.077%	$36.5M	$153.4M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008775	−0.057%	$7.6M	$47.1M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008790	+0.114%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008785	+0.057%	$12.6M	$12.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008789	+0.103%	$4.8M	$8.9M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008786	+0.068%	$8.3M	$12.6M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008777	−0.034%	—	$2.3M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008788	+0.092%	$460K	$2.3M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008793	+0.148%	$80K	$253K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008796	+0.182%	$23K	$186K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009006	+2.574%	$2K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008794	+0.159%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008810	+0.342%	$92K	$249K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008782	+0.025%	$181K	$622K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008790	+0.114%	$203K	$17K	3x	as long as short
dYdX PENGU-USD	+0.0136%	1h	0.008799	+0.219%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERP	+0.0237%	1h	0.008777	−0.029%	$296	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008798	+0.205%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0511% / S −0.0711%	1h	0.008798	+0.205%	$115K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2504%	1h	0.008896	+1.321%	$95K	$105K	50x	as long as short