PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0031%/8h= +3.4% APRnext payment +$0.04 per $10,000 · paid last 24h +0.386%

Price spread now: dYdX against Backpack+0.139%7-day average — · you sell dearer than you buy

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

Long on Backpack Short on dYdX

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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and dYdX is 0.139% dearer against Backpack than usual: you sell high and buy low: +$14 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	Backpack PENGU_USDC_PERP	0.008778	0.0100	pay 0.0013% / 1h	31m 05s	$313K	$309K	10x
Short	dYdX PENGU-USD	0.008790	0.0131	get 0.0016% / 1h	31m 05s	$12K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Backpack. 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 BackpackbpFee dYdXbpOrdersPrice spread, now +0.139%Rate

Funding earned: $6.52
Price spread: +0.139% → 0.000%: $13.88
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: $0.4
Costs to cover: 0.200%
Break-even: 6.6 days

Slippage unknown: Backpack: live order book, 52 min ago; dYdX: 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 Backpack live order book, 52 min ago	0.57 bp	14.7 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	−0.0607%	1h	0.008781	+0.039%	$370K	$2.2M	50x	as long as short
Gate PENGU_USDT	−0.0322%	4h	0.008774	−0.046%	$3.4M	$15.5M	75x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0205%	1h	0.008778	0.000%	$19K	$9K	10x	as long as short
Bybit PENGUUSDT	−0.0136%	4h	0.008765	−0.148%	$22.8M	$36.3M	75x	as long as short
01 Exchange PENGUUSD	−0.0080%	1h	0.008789	+0.125%	$201	$59	5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008788	+0.110%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008715	−0.718%	$3K	$81K	5.5x	as long as short
Variational Omni PENGU	+0.0054%	4h	0.008794	+0.188%	$836K	$768K	—	as long as short
Lighter PENGU	+0.0096%	1h	0.008779	+0.011%	$308K	$735K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008787	+0.103%	$680K	$757K	5x	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	0.008783	+0.057%	$8.7M	$15.0M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008785	+0.084%	$189K	$466K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008791	+0.148%	$151K	$238K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008773	−0.055%	$36.6M	$152.5M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008773	−0.057%	$7.7M	$47.0M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008790	+0.137%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008779	+0.011%	$12.7M	$12.7M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008779	+0.011%	$4.7M	$8.9M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008781	+0.034%	$8.4M	$12.6M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008763	−0.171%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERPlong	+0.0100%	1h	0.008778	long leg	$313K	$309K	10x
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008791	+0.154%	$460K	$2.3M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008788	+0.114%	$80K	$253K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008778	0.000%	$23K	$186K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008997	+2.495%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008775	−0.034%	$997	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008810	+0.365%	$92K	$249K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008772	−0.063%	$181K	$682K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008775	−0.034%	$203K	$17K	3x	as long as short
dYdX PENGU-USDshort	+0.0131%	1h	0.008790	+0.139%	$12K	$4K	5x
Reya PENGURUSDPERP	+0.0237%	1h	0.008784	+0.063%	$297	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008777	−0.011%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0510% / S −0.0711%	1h	0.008788	+0.114%	$115K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2504%	1h	0.008945	+1.902%	$95K	$105K	50x	as long as short