PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0026%/8h= +2.9% APRnext payment +$0.03 per $10,000 · paid last 24h +0.120%

Price spread now: Injective against gTrade (Gains Network)−0.586%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 Injective

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

Funding pays, the price is against you. Injective is 0.586% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.586% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$59 on $10k: about 2 months of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) PENGU/USD	0.008841	L +0.0007% / S −0.0003%	pay 0.0001% / 1h	31m 01s	$34K	—	150x
Short	Injective PENGU/USDC PERP	0.008789	0.0033	get 0.0004% / 1h	31m 01s	$3K	$117K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.586%Rate

Funding earned: $5.52
Price spread: −0.586% → 0.000%: −$58.61
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$63.11
Costs to cover: 0.100%
Break-even: 87.0 days

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

gTrade (Gains Network) and Injective: 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	−0.0391%	1h	0.008847	+0.075%	$369K	$2.3M	50x	as long as short
01 Exchange PENGUUSD	−0.0224%	1h	0.008843	+0.025%	$202	$59	5x	as long as short
Variational Omni PENGU	−0.0221%	4h	0.008831	−0.110%	$871K	$933K	—	as long as short
Gate PENGU_USDT	−0.0176%	4h	0.008836	−0.055%	$3.4M	$15.6M	75x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0089%	1h	0.008839	−0.021%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USDlong	L +0.0007% / S −0.0003%	1h	0.008841	long leg	$34K	—	150x
Injective PENGU/USDC PERPshort	+0.0033%	1h	0.008789	−0.586%	$3K	$117K	5.5x
dYdX PENGU-USD	+0.0078%	1h	0.008837	−0.048%	$12K	$4K	5x	as long as short
Nado PENGU-PERP	+0.0080%	1h	0.008841	+0.002%	$700K	$768K	5x	as long as short
GRVT PENGU_USDT_Perp	+0.0092%	4h	0.008826	−0.166%	$468K	$2.1M	10x	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	0.008839	−0.021%	$309K	$727K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008839	−0.021%	$24K	$183K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008839	−0.021%	$8.3M	$15.7M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008841	+0.001%	$189K	$481K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008837	−0.043%	$152K	$239K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008832	−0.095%	$36.9M	$154.9M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008830	−0.122%	$23.2M	$37.3M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008833	−0.088%	$7.6M	$47.5M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008840	−0.009%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008838	−0.032%	$13.0M	$12.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008839	−0.021%	$4.7M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008843	+0.025%	$8.4M	$12.7M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008837	−0.043%	—	$3.8M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008838	−0.032%	$306K	$322K	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008810	−0.349%	$80K	$254K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009049	+2.355%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008836	−0.055%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008852	+0.126%	$91K	$296K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008835	−0.061%	$182K	$973K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008829	−0.134%	$204K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008837	−0.045%	$298	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008833	−0.088%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0516% / S −0.0720%	1h	0.008840	−0.009%	$116K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1648%	1h	0.008863	+0.251%	$94K	$103K	50x	as long as short