PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0200%/8h= +21.8% APRnext payment +$0.25 per $10,000 · paid last 24h +0.364%

Price spread now: dYdX against gTrade (Gains Network)+0.028%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on dYdX

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 for this trade now. Funding pays +$6 a day on $10k at the current rate, and dYdX is 0.028% dearer against gTrade (Gains Network) 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	gTrade (Gains Network) PENGU/USD	0.008751	L +0.0007% / S −0.0003%	pay 0.0001% / 1h	28m 53s	$32K	—	150x
Short	dYdX PENGU-USD	0.008753	0.0207	get 0.0026% / 1h	28m 53s	$12K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee dYdXbpOrdersPrice spread, now +0.028%Rate

Funding earned: $41.9
Price spread: +0.028% → 0.000%: $2.76
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: $24.65
Costs to cover: 0.200%
Break-even: 2.9 days

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

gTrade (Gains Network) and 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	−0.0093%	1h	0.008741	−0.111%	$18K	$10K	10x	as long as short
01 Exchange PENGUUSD	−0.0056%	1h	0.008747	−0.043%	$200	$64	5x	as long as short
Gate PENGU_USDT	−0.0020%	4h	0.008726	−0.283%	$3.3M	$15.6M	75x	as long as short
gTrade (Gains Network) PENGU/USDlong	L +0.0007% / S −0.0003%	1h	0.008751	long leg	$32K	—	150x
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.437%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008740	−0.123%	$310K	$709K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008745	−0.066%	$22K	$166K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008753	+0.026%	$587K	$1.0M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008732	−0.214%	$8.1M	$14.7M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008733	−0.204%	$121K	$578K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PENGU	+0.0100%	1h	0.008753	+0.026%	$154K	$243K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008725	−0.293%	$36.5M	$160.2M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008720	−0.351%	$23.1M	$38.8M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008723	−0.317%	$7.5M	$46.2M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008750	−0.009%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008727	−0.271%	$11.4M	$12.4M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008727	−0.271%	$4.8M	$9.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008728	−0.260%	$8.2M	$12.4M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008727	−0.271%	—	$3.6M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008732	−0.214%	$299K	$274K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008753	+0.022%	$870K	$985K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008764	+0.157%	$457K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008767	+0.186%	$80K	$243K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008956	+2.346%	$3K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008736	−0.169%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008758	+0.083%	$91K	$351K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008724	−0.305%	$180K	$941K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008729	−0.249%	$202K	—	3x	as long as short
dYdX PENGU-USDshort	+0.0207%	1h	0.008753	+0.028%	$12K	$4K	5x
Reya PENGURUSDPERP	+0.0239%	1h	0.008750	−0.013%	$295	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008735	−0.180%	$1.5M	$3.3M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0555% / S −0.0662%	1h	0.008751	+0.003%	$131K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0650%	1h	0.008745	−0.063%	$352K	$2.3M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2296%	1h	0.008967	+2.471%	$95K	$94K	50x	as long as short