PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.13 per $10,000 · paid last 24h −0.056%

Price spread now: Deribit against Aevo+0.126%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Deribit is 0.126% dearer against Aevo than usual: you sell high and buy low (spread +0.126% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo PENGU-PERP	0.008707	0.0104	pay 0.0013% / 1h	42m 19s	$201K	—	3x
Short	Deribit PENGU_USDC-PERPETUAL	0.008718	0	get 0.0000% / 1h	42m 19s	$18K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Aevo. 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 AevobpFee DeribitbpOrdersPrice spread, now +0.126%Rate

Funding earned: −$21.84
Price spread: +0.126% → 0.000%: $12.63
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$32.21
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Aevo: live order book, 17 min ago; Deribit: 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 Aevo live order book, 17 min ago	11.44 bp	60.1 bp −$60	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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-PERPETUALshort	0.0000%	1h	0.008718	+0.126%	$18K	$10K	10x
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008720	+0.152%	$32K	—	150x	as long as short
01 Exchange PENGUUSD	+0.0024%	1h	0.008718	+0.126%	$199	$64	5x	as long as short
Gate PENGU_USDT	+0.0032%	4h	0.008721	+0.161%	$3.3M	$15.6M	75x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.942%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008719	+0.138%	$310K	$715K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008717	+0.115%	$23K	$127K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008719	+0.138%	$8.1M	$14.7M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008720	+0.150%	$120K	$579K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008716	+0.103%	$153K	$241K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PENGUUSDT	+0.0100%	4h	0.008717	+0.114%	$36.3M	$161.7M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008715	+0.092%	$23.0M	$39.1M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008717	+0.115%	$7.2M	$46.6M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008710	+0.034%	$19K	$23K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008717	+0.115%	$11.0M	$12.3M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008721	+0.161%	$4.8M	$9.2M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008719	+0.138%	$8.2M	$12.3M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008724	+0.195%	—	$3.6M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008705	−0.023%	$289K	$307K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008693	−0.162%	$863K	$985K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008698	−0.103%	$463K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008692	−0.172%	$79K	$242K	50x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008715	+0.092%	$583K	$1.0M	5x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008929	+2.550%	$2K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008714	+0.080%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008735	+0.322%	$91K	$372K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008713	+0.066%	$180K	$946K	10x	as long as short
Aevo PENGU-PERPlong	+0.0104%	1h	0.008707	long leg	$201K	—	3x
Reya PENGURUSDPERP	+0.0239%	1h	0.008718	+0.128%	$294	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008712	+0.057%	$1.5M	$3.5M	75x	as long as short
Kraken Futures PF_PENGUUSD	+0.0367%	1h	0.008722	+0.167%	$341K	$2.4M	50x	as long as short
dYdX PENGU-USD	+0.0372%	1h	0.008714	+0.079%	$12K	$5K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0495% / S −0.0419%	1h	0.008720	+0.149%	$124K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2928%	1h	0.008732	+0.287%	$93K	$60K	50x	as long as short