PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0093%/8h= +10.2% APRnext payment +$0.12 per $10,000 · paid last 24h +0.041%

Price spread now: Hyperliquid against gTrade (Gains Network)−0.005%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Hyperliquid

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—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) PENGU/USD	0.008822	L +0.0007% / S −0.0003%	pay 0.0001% / 1h	50m 15s	$34K	—	150x
Short	Hyperliquid PENGU	0.008822	0.0100	get 0.0013% / 1h	50m 15s	$8.5M	$15.3M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now −0.005%Rate

Funding earned: $19.52
Price spread: −0.005% → 0.000%: −$0.46
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $0.06
Costs to cover: 0.190%
Break-even: 7.0 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Hyperliquid: live order book, 3 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 3 min ago	0.57 bp	7.0 bp −$7	doesn't fit	doesn't fit	doesn't fit

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
Kraken Futures PF_PENGUUSD	−0.0339%	1h	0.008830	+0.085%	$372K	$2.3M	50x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0317%	1h	0.008820	−0.027%	$19K	$9K	10x	as long as short
Gate PENGU_USDT	−0.0244%	4h	0.008820	−0.027%	$3.4M	$15.6M	75x	as long as short
Bybit PENGUUSDT	−0.0221%	4h	0.008814	−0.095%	$22.9M	$36.5M	75x	as long as short
Variational Omni PENGU	−0.0156%	4h	0.008825	+0.034%	$804K	$802K	—	as long as short
01 Exchange PENGUUSD	−0.0120%	1h	0.008823	+0.007%	$202	$59	5x	as long as short
Injective PENGU/USDC PERP	−0.0114%	1h	0.008789	−0.379%	$3K	$117K	5.5x	as long as short
gTrade (Gains Network) PENGU/USDlong	L +0.0007% / S −0.0003%	1h	0.008822	long leg	$34K	—	150x
dYdX PENGU-USD	+0.0041%	1h	0.008834	+0.129%	$12K	$4K	5x	as long as short
Nado PENGU-PERP	+0.0074%	1h	0.008823	+0.012%	$689K	$761K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter PENGU	+0.0096%	1h	0.008824	+0.018%	$308K	$740K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008821	−0.016%	$24K	$186K	20x	as long as short
Hyperliquid PENGUshort	+0.0100%	1h	0.008822	−0.005%	$8.5M	$15.3M	5x
Aster PENGUUSDT	+0.0100%	4h	0.008830	+0.082%	$191K	$467K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008833	+0.120%	$152K	$239K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008818	−0.050%	$36.6M	$153.9M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008820	−0.027%	$7.6M	$47.3M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008820	−0.027%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008818	−0.050%	$12.6M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008826	+0.041%	$4.8M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008824	+0.018%	$8.4M	$12.6M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008811	−0.129%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008819	−0.039%	$315K	$308K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008836	+0.154%	$462K	$2.2M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008830	+0.086%	$80K	$254K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009050	+2.580%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008818	−0.050%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008851	+0.324%	$92K	$250K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008818	−0.052%	$182K	$622K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008821	−0.016%	$204K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008819	−0.039%	$298	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008825	+0.029%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0511% / S −0.0711%	1h	0.008822	−0.005%	$115K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2688%	1h	0.008850	+0.313%	$94K	$104K	50x	as long as short