PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0512%/8h= −56.1% APRnext payment −$0.64 per $10,000 · paid last 24h −0.355%

Price spread now: gTrade (Gains Network) against dYdX−0.043%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 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 −$15 a day on $10k at the current rate, and gTrade (Gains Network) is 0.043% cheaper against dYdX than usual: you would sell low and buy high (−$4 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	dYdX PENGU-USD	0.008825	0.0515	pay 0.0064% / 1h	16m 20s	$12K	$5K	5x
Short	gTrade (Gains Network) PENGU/USD	0.008822	L +0.0007% / S −0.0003%	get 0.0000% / 1h	16m 20s	$32K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.043%Rate

Funding earned: −$107.51
Price spread: −0.043% → 0.000%: −$4.31
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$131.82
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: dYdX: 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 dYdX no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

dYdX 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
gTrade (Gains Network) PENGU/USDshort	L +0.0007% / S −0.0003%	1h	0.008822	−0.043%	$32K	—	150x
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.414%	$3K	$117K	5.5x	as long as short
Gate PENGU_USDT	+0.0080%	4h	0.008818	−0.085%	$3.3M	$15.7M	75x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0090%	1h	0.008827	+0.017%	$18K	$10K	10x	as long as short
Lighter PENGU	+0.0096%	1h	0.008826	+0.006%	$314K	$719K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008821	−0.051%	$23K	$107K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008829	+0.040%	$8.2M	$14.7M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008823	−0.032%	$118K	$589K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008817	−0.096%	$155K	$241K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008821	−0.046%	$36.9M	$163.2M	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	0.008818	−0.085%	$23.4M	$39.5M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008820	−0.062%	$7.4M	$47.4M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008820	−0.062%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008822	−0.040%	$10.8M	$12.4M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008824	−0.017%	$4.9M	$9.2M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008825	−0.006%	$8.3M	$12.3M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008807	−0.210%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008824	−0.017%	$293K	$314K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008803	−0.256%	$914K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008795	−0.341%	$459K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008808	−0.198%	$80K	$242K	50x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008818	−0.091%	$592K	$1.0M	5x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009034	+2.362%	$2K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008823	−0.028%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008833	+0.085%	$92K	$371K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008822	−0.044%	$185K	$941K	10x	as long as short
01 Exchange PENGUUSD	+0.0104%	1h	0.008827	+0.017%	$202	$64	5x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008817	−0.096%	$204K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008821	−0.048%	$298	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008824	−0.017%	$1.5M	$3.7M	75x	as long as short
Kraken Futures PF_PENGUUSD	+0.0363%	1h	0.008829	+0.043%	$345K	$2.3M	50x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0499% / S −0.0492%	1h	0.008820	−0.062%	$119K	—	100x	as long as short
dYdX PENGU-USDlong	+0.0515%	1h	0.008825	long leg	$12K	$5K	5x
Coinbase International PENGU-PERP-INTX	+0.2928%	1h	0.008950	+1.411%	$96K	$62K	50x	as long as short