Funding you earn now, next payment 08:00 UTC−0.2085%/8h= −228.3% APRnext payment −$2.61 per $10,000 · paid last 24h −0.687%
Price spread now: gTrade (Gains Network) against Coinbase International−1.772%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 −$63 a day on $10k at the current rate, and gTrade (Gains Network) is 1.772% cheaper against Coinbase International than usual: you would sell low and buy high (−$177 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 | 0.009211 | 0.2088 | pay 0.0261% / 1h | 30m 13s | $81K | $73K | 50x |
| Short | gTrade (Gains Network) PENGU/USD | 0.009048 | L +0.0007% / S −0.0003% | get 0.0000% / 1h | 30m 13s | $33K | — | 150x |
Coinbase International PENGU-PERP-INTX
gTrade (Gains Network) PENGU/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$437.86
- Price spread: −1.772% → 0.000%
- −$177.16
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$635.02
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: no order-book sample; 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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
Coinbase International and 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate PENGU_USDT | −0.0400% | 4h | 0.009038 | −1.878% | $3.7M | $18.0M | 75x | as long as short |
| gTrade (Gains Network) PENGU/USDshort | L +0.0007% / S −0.0003% | 1h | 0.009048 | −1.772% | $33K | — | 150x | |
| Injective PENGU/USDC PERP | +0.0033% | 1h | 0.008789 | −4.581% | $3K | $117K | 5.5x | as long as short |
| Lighter PENGU | +0.0096% | 1h | 0.009053 | −1.715% | $328K | $757K | 8x | as long as short |
| Nado PENGU-PERP | +0.0100% | 1h | 0.009047 | −1.775% | $643K | $1.1M | 5x | as long as short |
| Hyperliquid PENGU | +0.0100% | 1h | 0.009050 | −1.748% | $9.3M | $16.8M | 5x | as long as short |
| Aster PENGUUSDT | +0.0100% | 4h | 0.009050 | −1.743% | $129K | $769K | 20x | as long as short |
| Pacifica PENGU | +0.0100% | 1h | 0.009035 | −1.911% | $136K | $274K | 5x | as long as short |
| Binance PENGUUSDT | +0.0100% | 4h | 0.009050 | −1.750% | $40.0M | $197.5M | 75x | as long as short |
| Bybit PENGUUSDT | +0.0100% | 4h | 0.009039 | −1.867% | $24.4M | $47.2M | 75x | as long as short |
Gate PENGU_USDT
Injective PENGU/USDC PERP
Lighter PENGU
Nado PENGU-PERP
Hyperliquid PENGU
Aster PENGUUSDT
Pacifica PENGU
Binance PENGUUSDT
Bybit PENGUUSDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX PENGU-USDT-SWAP | +0.0100% | 4h | 0.009045 | −1.802% | $8.2M | $58.1M | 50x | as long as short |
| Arcus PENGU-USD | +0.0100% | 1h | 0.009040 | −1.856% | $18K | $26K | 5x | as long as short |
| MEXC PENGU_USDT | +0.0100% | 4h | 0.009050 | −1.748% | $11.5M | $13.0M | 125x | as long as short |
| KuCoin PENGUUSDTM | +0.0100% | 4h | 0.009042 | −1.835% | $5.0M | $10.6M | 75x | as long as short |
| Bitget PENGUUSDT | +0.0100% | 4h | 0.009054 | −1.704% | $8.8M | $15.2M | 75x | as long as short |
| BingX PENGU-USDC | +0.0100% | 4h | 0.009037 | −1.889% | — | $2.3M | — | as long as short |
| Backpack PENGU_USDC_PERP | +0.0100% | 1h | 0.009042 | −1.835% | $314K | $388K | 10x | as long as short |
| Variational Omni PENGU | +0.0100% | 4h | 0.009017 | −2.106% | $933K | $1.2M | — | as long as short |
| GRVT PENGU_USDT_Perp | +0.0100% | 4h | 0.009076 | −1.466% | $473K | $2.1M | 10x | as long as short |
| ApeX Omni PENGUUSDT | +0.0100% | 1h | 0.009072 | −1.509% | $80K | $252K | 50x | as long as short |
| Orderly PERP_PENGU_USDC | +0.0100% | 4h | 0.009045 | −1.802% | $23K | $329K | 20x | as long as short |
| SunX PENGU-USDT | +0.0100% | 4h | 0.009262 | +0.554% | $2K | $2.2M | 10x | as long as short |
| SoDEX PENGU-USD | +0.0100% | 1h | 0.009059 | −1.650% | $1K | $5K | 5x | as long as short |
| HTX PENGU-USDT | +0.0100% | 4h | 0.009064 | −1.596% | $94K | $416K | 25x | as long as short |
| Extended PENGU-USD | +0.0104% | 1h | 0.009040 | −1.860% | $189K | $744K | 10x | as long as short |
| Aevo PENGU-PERP | +0.0104% | 1h | 0.009065 | −1.585% | $209K | — | 3x | as long as short |
| Deribit PENGU_USDC-PERPETUAL | +0.0192% | 1h | 0.009049 | −1.759% | $1K | $29K | 10x | as long as short |
| Reya PENGURUSDPERP | +0.0241% | 1h | 0.009044 | −1.816% | $305 | — | 10x | as long as short |
| BloFin PENGU-USDT | +0.0340% | 4h | 0.009062 | −1.618% | $1.6M | $5.3M | 75x | as long as short |
| 01 Exchange PENGUUSD | +0.0352% | 1h | 0.009054 | −1.704% | $207 | $41 | 5x | as long as short |
| Kraken Futures PF_PENGUUSD | +0.0381% | 1h | 0.009052 | −1.730% | $336K | $2.7M | 50x | as long as short |
| GMX PENGU/USD [WBTC.b-USDC] | L +0.0431% / S −0.0351% | 1h | 0.009046 | −1.791% | $103K | — | 100x | as long as short |
| Coinbase International PENGU-PERP-INTXlong | +0.2088% | 1h | 0.009211 | long leg | $81K | $73K | 50x | |
| dYdX PENGU-USD | +0.2220% | 1h | 0.009041 | −1.843% | $21K | $18K | 5x | as long as short |
OKX PENGU-USDT-SWAP
Arcus PENGU-USD
MEXC PENGU_USDT
KuCoin PENGUUSDTM
Bitget PENGUUSDT
BingX PENGU-USDC
Backpack PENGU_USDC_PERP
Variational Omni PENGU
GRVT PENGU_USDT_Perp
ApeX Omni PENGUUSDT
Orderly PERP_PENGU_USDC
SunX PENGU-USDT
SoDEX PENGU-USD
HTX PENGU-USDT
Extended PENGU-USD
Aevo PENGU-PERP
Deribit PENGU_USDC-PERPETUAL
Reya PENGURUSDPERP
BloFin PENGU-USDT
01 Exchange PENGUUSD
Kraken Futures PF_PENGUUSD
GMX PENGU/USD [WBTC.b-USDC]
dYdX PENGU-USD