PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.2061%/8h= −225.7% APRnext payment −$2.58 per $10,000 · paid last 24h −0.257%

Price spread now: dYdX against Coinbase International−2.433%7-day average — · you buy dearer than you sell

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

Long on Coinbase International 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 against this trade now: funding costs −$62 a day on $10k at the current rate, and dYdX is 2.433% cheaper against Coinbase International than usual: you would sell low and buy high (−$243 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International PENGU-PERP-INTX	0.008967	0.2296	pay 0.0287% / 1h	8m 56s	$95K	$90K	50x
Short	dYdX PENGU-USD	0.008749	0.0235	get 0.0029% / 1h	8m 56s	$12K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Coinbase International. 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 Coinbase InternationalbpFee dYdXbpOrdersPrice spread, now −2.433%Rate

Funding earned: −$432.77
Price spread: −2.433% → 0.000%: −$243.27
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$696.04
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 84 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 Coinbase International live order book, 84 min ago	84.41 bp	112.0 bp −$112	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
01 Exchange PENGUUSD	−0.0032%	1h	0.008747	−2.453%	$200	$64	5x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008743	−2.498%	$18K	$10K	10x	as long as short
Gate PENGU_USDT	+0.0004%	4h	0.008741	−2.520%	$3.3M	$15.7M	75x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008747	−2.456%	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−1.985%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008748	−2.442%	$311K	$712K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008746	−2.465%	$23K	$163K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008741	−2.526%	$586K	$1.0M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008744	−2.487%	$8.1M	$14.6M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008747	−2.450%	$121K	$579K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PENGU	+0.0100%	1h	0.008746	−2.465%	$154K	$243K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008737	−2.565%	$36.4M	$160.7M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008734	−2.598%	$23.1M	$39.0M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008734	−2.598%	$7.3M	$46.5M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008740	−2.532%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008742	−2.509%	$11.3M	$12.4M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008745	−2.476%	$4.8M	$9.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008744	−2.487%	$8.3M	$12.4M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008730	−2.643%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008741	−2.520%	$298K	$293K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008756	−2.355%	$869K	$985K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008786	−2.016%	$468K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008758	−2.331%	$80K	$243K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008955	−0.134%	$2K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008745	−2.476%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008759	−2.320%	$91K	$352K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008737	−2.568%	$184K	$942K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008735	−2.587%	$202K	—	3x	as long as short
dYdX PENGU-USDshort	+0.0235%	1h	0.008749	−2.433%	$12K	$4K	5x
Reya PENGURUSDPERP	+0.0239%	1h	0.008741	−2.521%	$295	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008746	−2.465%	$1.5M	$3.5M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0554% / S −0.0662%	1h	0.008747	−2.453%	$131K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0650%	1h	0.008751	−2.410%	$347K	$2.4M	50x	as long as short
Coinbase International PENGU-PERP-INTXlong	+0.2296%	1h	0.008967	long leg	$95K	$90K	50x