PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0553%/8h= +60.6% APRnext payment +$0.69 per $10,000 · paid last 24h +0.387%

Price spread now: Coinbase International against dYdX+2.472%7-day average — · you sell dearer than you buy

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

Long on dYdX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 6 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 +$17 a day on $10k at the current rate, and Coinbase International is 2.472% dearer against dYdX than usual: you sell high and buy low: +$247 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	dYdX PENGU-USD	0.009197	0.1735	pay 0.0217% / 1h	58m 17s	$22K	$18K	5x
Short	Coinbase International PENGU-PERP-INTX	0.009424	0.2288	get 0.0286% / 1h	58m 17s	$81K	$87K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against dYdX. 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 dYdXbpFee Coinbase InternationalbpOrdersPrice spread, now +2.472%Rate

Funding earned: $116.13
Price spread: +2.472% → 0.000%: $247.2
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $343.33
Costs to cover: 0.200%
Break-even: from the start

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

dYdX and Coinbase International: 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
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.009228	+0.345%	$34K	—	150x	as long as short
Gate PENGU_USDT	+0.0028%	4h	0.009194	−0.029%	$3.8M	$17.5M	75x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−4.433%	$3K	$117K	5.5x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0076%	1h	0.009192	−0.051%	$1K	$28K	10x	as long as short
Lighter PENGU	+0.0096%	1h	0.009193	−0.040%	$329K	$700K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009207	+0.118%	$652K	$1.1M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.009210	+0.145%	$9.6M	$16.7M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009183	−0.151%	$142K	$789K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009200	+0.036%	$140K	$235K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009180	−0.181%	$40.7M	$196.7M	75x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit PENGUUSDT	+0.0100%	4h	0.009168	−0.312%	$24.9M	$47.2M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009169	−0.301%	$8.3M	$58.5M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009210	+0.145%	$19K	$26K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009202	+0.058%	$12.3M	$12.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009204	+0.080%	$5.2M	$10.7M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009195	−0.018%	$9.0M	$14.9M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.009201	+0.047%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009211	+0.156%	$305K	$371K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009219	+0.241%	$953K	$1.2M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009227	+0.330%	$482K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009238	+0.450%	$81K	$252K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009192	−0.051%	$24K	$356K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009419	+2.418%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009179	−0.192%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009209	+0.134%	$96K	$414K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009184	−0.143%	$189K	$746K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009184	−0.138%	$212K	—	3x	as long as short
Kraken Futures PF_PENGUUSD	+0.0212%	1h	0.009188	−0.095%	$345K	$2.7M	50x	as long as short
Reya PENGURUSDPERP	+0.0241%	1h	0.009200	+0.041%	$311	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009195	−0.018%	$1.7M	$5.4M	75x	as long as short
01 Exchange PENGUUSD	+0.0344%	1h	0.009217	+0.221%	$211	$141	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0434% / S −0.0351%	1h	0.009239	+0.460%	$106K	—	100x	as long as short
dYdX PENGU-USDlong	+0.1735%	1h	0.009197	long leg	$22K	$18K	5x
Coinbase International PENGU-PERP-INTXshort	+0.2288%	1h	0.009424	+2.472%	$81K	$87K	50x