PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0089%/8h= +9.7% APRnext payment +$0.11 per $10,000 · paid last 24h +0.027%

Price spread now: Lighter against gTrade (Gains Network)+0.104%71s7-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 Lighter

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 airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter is 0.104% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) PENGU/USD	0.009024	L +0.0007% / S −0.0003%	pay 0.0001% / 1h	30m 03s	$33K	—	150x
Short	Lighter PENGU	0.009033	0.0096	get 0.0012% / 1h	30m 03s	$324K	$768K	8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.104%Rate

Funding earned: $18.68
Price spread: +0.104% → 0.000%: $10.39
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $19.08
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: gTrade (Gains Network): no order-book sample; Lighter: live order book, 10 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 Lighter live order book, 10 min ago	5.52 bp	10.1 bp −$10	77.1 bp −$771	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
gTrade (Gains Network) PENGU/USDlong	L +0.0007% / S −0.0003%	1h	0.009024	long leg	$33K	—	150x
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−2.600%	$3K	$117K	5.5x	as long as short
Lighter PENGUshort	+0.0096%	1h	0.009033	+0.104%	$324K	$768K	8x
Nado PENGU-PERP	+0.0100%	1h	0.009017	−0.068%	$635K	$1.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009030	+0.070%	$143K	$716K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009017	−0.073%	$136K	$295K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009026	+0.026%	$39.4M	$188.8M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009016	−0.084%	$23.9M	$44.1M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009019	−0.051%	$8.0M	$54.4M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009020	−0.040%	$18K	$25K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate PENGU_USDT	+0.0100%	4h	0.009021	−0.029%	$3.4M	$17.2M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009027	+0.037%	$11.0M	$12.9M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009025	+0.015%	$5.0M	$10.2M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009031	+0.082%	$8.6M	$13.9M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.009017	−0.073%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009022	−0.018%	$310K	$360K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009012	−0.130%	$918K	$1.1M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009017	−0.071%	$473K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009022	−0.018%	$79K	$252K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009024	+0.004%	$23K	$220K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009235	+2.343%	$3K	$2.2M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009026	+0.026%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009032	+0.093%	$93K	$404K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009023	−0.003%	$185K	$526K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009020	−0.040%	$208K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0240%	1h	0.009018	−0.065%	$305	—	10x	as long as short
Hyperliquid PENGU	+0.0294%	1h	0.009034	+0.115%	$9.0M	$16.2M	5x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0304%	1h	0.009029	+0.060%	$1K	$29K	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009020	−0.040%	$1.6M	$4.9M	75x	as long as short
01 Exchange PENGUUSD	+0.0344%	1h	0.009021	−0.029%	$206	$64	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0442% / S −0.0368%	1h	0.009019	−0.051%	$106K	—	100x	as long as short
dYdX PENGU-USD	+0.0668%	1h	0.009012	−0.127%	$12K	$6K	5x	as long as short
Kraken Futures PF_PENGUUSD	+0.0675%	1h	0.009033	+0.102%	$337K	$2.5M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1664%	1h	0.009151	+1.412%	$81K	$69K	50x	as long as short