PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0440%/8h= +48.2% APRnext payment +$0.55 per $10,000 · paid last 24h +0.412%

Price spread now: dYdX against Deribit−0.045%7-day average — · you buy dearer than you sell

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

Long on Deribit 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

Funding pays, the price is against you. dYdX is 0.045% cheaper against Deribit than usual: you would sell low and buy high (spread −0.045% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 8 hours of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit PENGU_USDC-PERPETUAL	0.008801	−0.0318	get 0.0040% / 1h	13m 32s	$19K	$9K	10x
Short	dYdX PENGU-USD	0.008797	0.0122	get 0.0015% / 1h	13m 32s	$12K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Deribit. 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 DeribitbpFee dYdXbpOrdersPrice spread, now −0.045%Rate

Funding earned: $92.41
Price spread: −0.045% → 0.000%: −$4.54
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee dYdX: 5 bp × 2 orders: −$10
Net: $70.87
Costs to cover: 0.170%
Break-even: 1.6 days

Slippage unknown: Deribit: no order-book sample; 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 Deribit no order-book sample	—	—	—	—	—
Sell dYdX no order-book sample	—	—	—	—	—

Deribit and 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	−0.0605%	1h	0.008811	+0.113%	$369K	$2.2M	50x	as long as short
Deribit PENGU_USDC-PERPETUALlong	−0.0318%	1h	0.008801	long leg	$19K	$9K	10x
Gate PENGU_USDT	−0.0298%	4h	0.008788	−0.148%	$3.4M	$15.6M	75x	as long as short
Bybit PENGUUSDT	−0.0174%	4h	0.008778	−0.261%	$22.8M	$36.5M	75x	as long as short
01 Exchange PENGUUSD	−0.0104%	1h	0.008782	−0.216%	$201	$59	5x	as long as short
Variational Omni PENGU	−0.0046%	4h	0.008785	−0.177%	$802K	$802K	—	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008794	−0.084%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.136%	$3K	$117K	5.5x	as long as short
Nado PENGU-PERP	+0.0077%	1h	0.008782	−0.216%	$684K	$760K	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008792	−0.102%	$308K	$736K	8x	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	0.008789	−0.136%	$8.8M	$15.0M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008798	−0.030%	$189K	$467K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008791	−0.114%	$152K	$239K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008782	−0.212%	$36.5M	$153.2M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008782	−0.216%	$7.7M	$47.2M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008790	−0.125%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008787	−0.159%	$12.7M	$12.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008793	−0.091%	$4.8M	$8.9M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008790	−0.125%	$8.4M	$12.6M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008786	−0.170%	—	$3.9M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008799	−0.023%	$314K	$309K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008784	−0.193%	$459K	$2.3M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008788	−0.148%	$80K	$253K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008801	0.000%	$23K	$186K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009012	+2.397%	$2K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008798	−0.034%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008827	+0.295%	$92K	$249K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008781	−0.231%	$181K	$682K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008795	−0.068%	$203K	$17K	3x	as long as short
dYdX PENGU-USDshort	+0.0122%	1h	0.008797	−0.045%	$12K	$4K	5x
Reya PENGURUSDPERP	+0.0237%	1h	0.008781	−0.228%	$297	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008805	+0.045%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0511% / S −0.0711%	1h	0.008805	+0.045%	$115K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2504%	1h	0.008877	+0.864%	$94K	$104K	50x	as long as short