PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0473%/8h= +51.8% APRnext payment +$0.59 per $10,000 · paid last 24h +0.216%

Price spread now: dYdX against Injective+3.484%7-day average — · you sell dearer than you buy

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

Long on Injective Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 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 +$14 a day on $10k at the current rate, and dYdX is 3.484% dearer against Injective than usual: you sell high and buy low: +$348 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	Injective PENGU/USDC PERP	0.008789	0.0033	pay 0.0004% / 1h	55m 42s	$3K	$117K	5.5x
Short	dYdX PENGU-USD	0.009095	0.0506	get 0.0063% / 1h	55m 42s	$12K	$6K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Injective. 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 InjectivebpFee dYdXbpOrdersPrice spread, now +3.484%Rate

Funding earned: $99.33
Price spread: +3.484% → 0.000%: $348.37
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee dYdX: 5 bp × 2 orders: −$10
Net: $437.68
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: 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 Injective no order-book sample	—	—	—	—	—
Sell dYdX no order-book sample	—	—	—	—	—

Injective 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
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.009092	+3.450%	$33K	—	150x	as long as short
Injective PENGU/USDC PERPlong	+0.0033%	1h	0.008789	long leg	$3K	$117K	5.5x
Lighter PENGU	+0.0096%	1h	0.009100	+3.539%	$334K	$758K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009095	+3.484%	$640K	$1.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009092	+3.451%	$121K	$691K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009096	+3.493%	$139K	$289K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009098	+3.516%	$39.6M	$185.2M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009087	+3.391%	$24.1M	$43.4M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009093	+3.459%	$8.1M	$54.4M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009100	+3.539%	$18K	$26K	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	0.009097	+3.504%	$3.4M	$16.9M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009101	+3.550%	$11.1M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009099	+3.527%	$5.3M	$9.9M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009099	+3.527%	$8.7M	$13.8M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.009087	+3.391%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009095	+3.482%	$313K	$376K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009082	+3.333%	$927K	$1.1M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009084	+3.358%	$481K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009082	+3.334%	$82K	$250K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009097	+3.504%	$23K	$195K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009310	+5.928%	$3K	$2.2M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009093	+3.459%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009106	+3.607%	$94K	$401K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009094	+3.467%	$188K	$841K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009092	+3.447%	$210K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0240%	1h	0.009095	+3.478%	$307	—	10x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0300%	1h	0.009100	+3.539%	$1K	$29K	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009113	+3.686%	$1.6M	$4.9M	75x	as long as short
01 Exchange PENGUUSD	+0.0384%	1h	0.009102	+3.561%	$208	$64	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0391% / S −0.0291%	1h	0.009091	+3.436%	$92K	—	100x	as long as short
dYdX PENGU-USDshort	+0.0506%	1h	0.009095	+3.484%	$12K	$6K	5x
Hyperliquid PENGU	+0.0620%	1h	0.009110	+3.652%	$9.4M	$15.9M	5x	as long as short
Kraken Futures PF_PENGUUSD	+0.0670%	1h	0.009102	+3.563%	$340K	$2.5M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1664%	1h	0.009185	+4.506%	$81K	$69K	50x	as long as short