PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0122%/8h= +13.4% APRnext payment +$0.15 per $10,000 · paid last 24h +0.038%

Price spread now: 01 Exchange against Deribit+0.033%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on 01 Exchange

What this pair did over the last

the charts below follow

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 for this trade now. Funding pays +$4 a day on $10k at the current rate, and 01 Exchange is 0.033% dearer against Deribit than usual: you sell high and buy low: +$3 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	Deribit PENGU_USDC-PERPETUAL	0.009105	0.0190	pay 0.0024% / 1h	56m 36s	$1K	$27K	10x
Short	01 Exchange PENGUUSD	0.009108	0.0312	get 0.0039% / 1h	56m 36s	$208	$141	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.033%Rate

Funding earned: $25.62
Price spread: +0.033% → 0.000%: $3.29
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $14.91
Costs to cover: 0.140%
Break-even: 2.9 days

Slippage unknown: Deribit: no order-book sample; 01 Exchange: 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 01 Exchange no order-book sample	—	—	—	—	—

Deribit and 01 Exchange: 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 exchanges

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
dYdX PENGU-USD	0.0000%	1h	0.009086	−0.212%	$20K	$21K	5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.009099	−0.061%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−3.471%	$3K	$117K	5.5x	as long as short
Kraken Futures PF_PENGUUSD	+0.0063%	1h	0.009106	+0.007%	$333K	$2.6M	50x	as long as short
Lighter PENGU	+0.0096%	1h	0.009116	+0.121%	$327K	$699K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009098	−0.071%	$653K	$1.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009110	+0.056%	$136K	$774K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009106	+0.011%	$138K	$225K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009105	+0.003%	$40.1M	$192.3M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009095	−0.110%	$24.7M	$46.6M	75x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009097	−0.088%	$8.4M	$56.5M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009100	−0.055%	$18K	$26K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.009103	−0.022%	$3.7M	$17.9M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009104	−0.011%	$12.3M	$12.3M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009108	+0.033%	$5.2M	$10.5M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009110	+0.055%	$8.8M	$14.3M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.009105	0.000%	—	$3.6M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009096	−0.099%	$305K	$365K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009084	−0.227%	$917K	$1.2M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009099	−0.067%	$480K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009101	−0.044%	$82K	$248K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009102	−0.033%	$23K	$357K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009322	+2.383%	$3K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009100	−0.055%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009112	+0.077%	$93K	$368K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009095	−0.109%	$186K	$743K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009100	−0.055%	$210K	—	3x	as long as short
Hyperliquid PENGU	+0.0177%	1h	0.009120	+0.165%	$9.8M	$17.0M	5x	as long as short
Deribit PENGU_USDC-PERPETUALlong	+0.0190%	1h	0.009105	long leg	$1K	$27K	10x
Reya PENGURUSDPERP	+0.0241%	1h	0.009095	−0.105%	$307	—	10x	as long as short
01 Exchange PENGUUSDshort	+0.0312%	1h	0.009108	+0.033%	$208	$141	5x
BloFin PENGU-USDT	+0.0340%	4h	0.009105	0.000%	$1.6M	$5.3M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0434% / S −0.0357%	1h	0.009102	−0.033%	$105K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2136%	1h	0.009222	+1.285%	$84K	$95K	50x	as long as short