PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0135%/8h= +14.8% APRnext payment +$0.17 per $10,000 · paid last 24h −0.302%

Price spread now: Kraken Futures against dYdX+0.032%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 Kraken Futures

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 +$4 a day on $10k at the current rate, and Kraken Futures is 0.032% dearer against dYdX 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	dYdX PENGU-USD	0.008804	0.0185	pay 0.0023% / 1h	49m 13s	$12K	$6K	5x
Short	Kraken Futures PF_PENGUUSD	0.008807	0.0321	get 0.0040% / 1h	49m 13s	$323K	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.032%Rate

Funding earned: $28.4
Price spread: +0.032% → 0.000%: $3.24
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $11.64
Costs to cover: 0.200%
Break-even: 4.1 days

Slippage unknown: dYdX: no order-book sample; Kraken Futures: live order book, 4 min ago. 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 Kraken Futures live order book, 4 min ago	3.97 bp	19.7 bp −$20	43.8 bp −$438	doesn't fit	doesn't fit

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
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008809	+0.057%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008805	+0.010%	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.170%	$3K	$117K	5.5x	as long as short
Gate PENGU_USDT	+0.0066%	4h	0.008798	−0.068%	$3.3M	$16.4M	75x	as long as short
Lighter PENGU	+0.0096%	1h	0.008807	+0.034%	$319K	$749K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008802	−0.023%	$591K	$1.1M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008811	+0.079%	$8.1M	$15.3M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008803	−0.014%	$121K	$667K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008803	−0.011%	$133K	$274K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008802	−0.017%	$37.2M	$175.6M	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	0.008796	−0.091%	$23.4M	$41.6M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008804	0.000%	$7.6M	$50.2M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008800	−0.045%	$19K	$25K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008803	−0.011%	$10.5M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008804	0.000%	$4.9M	$9.7M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008807	+0.034%	$8.5M	$13.2M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008803	−0.011%	—	$3.6M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008802	−0.023%	$292K	$337K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008817	+0.147%	$923K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008823	+0.215%	$466K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008821	+0.193%	$80K	$251K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008807	+0.034%	$23K	$142K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009017	+2.419%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008802	−0.023%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008819	+0.170%	$91K	$387K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008803	−0.010%	$182K	$865K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008800	−0.045%	$203K	—	3x	as long as short
01 Exchange PENGUUSD	+0.0184%	1h	0.008801	−0.034%	$201	$64	5x	as long as short
dYdX PENGU-USDlong	+0.0185%	1h	0.008804	long leg	$12K	$6K	5x
Reya PENGURUSDPERP	+0.0240%	1h	0.008802	−0.020%	$297	—	10x	as long as short
Kraken Futures PF_PENGUUSDshort	+0.0321%	1h	0.008807	+0.032%	$323K	$2.4M	50x
BloFin PENGU-USDT	+0.0340%	4h	0.008813	+0.102%	$1.5M	$4.2M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0540% / S −0.0526%	1h	0.008806	+0.023%	$133K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1752%	1h	0.008847	+0.488%	$93K	$58K	50x	as long as short