PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.004%

Price spread now: Nado against Extended+0.052%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$400.396% of the position

Long on Extended Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.069%−$7 on $10k

Price spread, last 4 days (all we have)+1.447%+$145 · spread now +0.052%, 7d avg +0.050%

Together, before fees+1.377%+ Points / potential airdropExtended: Active · Nado: Active · farm board+$138 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended PENGU-USD	0.008756	0.0104	pay 0.0013% / 1h	58m 10s	$184K	$941K	10x
Short	Nado PENGU-PERP	0.008760	0.0100	get 0.0012% / 1h	58m 10s	$590K	$987K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Extended. 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 ExtendedbpFee NadobpOrdersPrice spread, now +0.052%Rate

Funding earned: −$0.84
Price spread: +0.052% → +0.050%: $0.24
Slippage, 4 orders: −$27.58
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$40.19
Costs to cover: 0.396%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; Nado: live order book, 5 min ago.

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 Extended live order book, 5 min ago	1.70 bp	10.9 bp −$11	100.0 bp −$1,000	doesn't fit	doesn't fit
Sell Nado live order book, 5 min ago	1.70 bp	9.8 bp −$10	51.4 bp −$514	doesn't fit	doesn't fit

PENGU on 33 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	0.008759	+0.035%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008760	+0.052%	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.378%	$3K	$117K	5.5x	as long as short
01 Exchange PENGUUSD	+0.0088%	1h	0.008772	+0.184%	$201	$64	5x	as long as short
Gate PENGU_USDT	+0.0090%	4h	0.008756	+0.001%	$3.4M	$15.3M	75x	as long as short
Lighter PENGU	+0.0096%	1h	0.008764	+0.092%	$311K	$707K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008758	+0.024%	$19K	$161K	20x	as long as short
Nado PENGU-PERPshort	+0.0100%	1h	0.008760	+0.052%	$590K	$987K	5x
Hyperliquid PENGU	+0.0100%	1h	0.008763	+0.081%	$8.2M	$14.7M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008764	+0.089%	$132K	$523K	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PENGU	+0.0100%	1h	0.008779	+0.264%	$154K	$243K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008753	−0.039%	$37.2M	$156.8M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008744	−0.136%	$23.1M	$38.0M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008744	−0.136%	$7.5M	$46.1M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008770	+0.161%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008762	+0.069%	$11.8M	$12.3M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008774	+0.206%	$4.7M	$9.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008764	+0.092%	$8.3M	$12.4M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008760	+0.047%	—	$3.6M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008782	+0.298%	$301K	$282K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008789	+0.377%	$874K	$987K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008798	+0.481%	$466K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008797	+0.469%	$80K	$243K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008967	+2.411%	$3K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008759	+0.035%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008774	+0.206%	$93K	$337K	25x	as long as short
Extended PENGU-USDlong	+0.0104%	1h	0.008756	long leg	$184K	$941K	10x
Aevo PENGU-PERP	+0.0104%	1h	0.008755	−0.011%	$202K	—	3x	as long as short
dYdX PENGU-USD	+0.0177%	1h	0.008780	+0.275%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008758	+0.018%	$296	—	10x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0511% / S −0.0582%	1h	0.008759	+0.035%	$119K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0649%	1h	0.008768	+0.136%	$360K	$2.3M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2296%	1h	0.008967	+2.411%	$95K	$94K	50x	as long as short