PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.04 per $10,000 · paid last 24h −0.120%

Price spread now: gTrade (Gains Network) against Injective+4.094%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 gTrade (Gains Network)

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

The price spread pays, funding is against you. gTrade (Gains Network) is 4.094% dearer against Injective than usual: you sell high and buy low (spread +4.094% now, against zero (this spread has no 7-day history yet)): +$409 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 15 months.

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	18m 42s	$3K	$117K	5.5x
Short	gTrade (Gains Network) PENGU/USD	0.009149	L +0.0007% / S −0.0003%	get 0.0000% / 1h	18m 42s	$34K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +4.094%Rate

Funding earned: −$6.38
Price spread: +4.094% → 0.000%: $409.38
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $392.97
Costs to cover: 0.100%
Break-even: from the start

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

Injective and 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/USDshort	L +0.0007% / S −0.0003%	1h	0.009149	+4.094%	$34K	—	150x
Injective PENGU/USDC PERPlong	+0.0033%	1h	0.008789	long leg	$3K	$117K	5.5x
Lighter PENGU	+0.0096%	1h	0.009119	+3.755%	$329K	$773K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009157	+4.187%	$645K	$1.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009122	+3.788%	$146K	$730K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009115	+3.709%	$138K	$267K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009118	+3.747%	$40.2M	$194.1M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009112	+3.675%	$24.5M	$45.7M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009115	+3.709%	$8.2M	$57.0M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009150	+4.107%	$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	0.009133	+3.914%	$3.7M	$18.0M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009122	+3.789%	$11.3M	$13.1M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009117	+3.732%	$5.0M	$10.4M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009117	+3.732%	$9.0M	$14.5M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.009124	+3.812%	—	$3.8M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009147	+4.073%	$316K	$382K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009113	+3.685%	$907K	$1.2M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009124	+3.815%	$478K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009182	+4.471%	$80K	$252K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009152	+4.130%	$24K	$294K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009377	+6.690%	$3K	$2.2M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009154	+4.153%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009149	+4.096%	$94K	$414K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009116	+3.723%	$187K	$744K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009148	+4.085%	$211K	—	3x	as long as short
Hyperliquid PENGU	+0.0190%	1h	0.009131	+3.891%	$9.3M	$16.6M	5x	as long as short
Reya PENGURUSDPERP	+0.0240%	1h	0.009148	+4.087%	$309	—	10x	as long as short
01 Exchange PENGUUSD	+0.0328%	1h	0.009169	+4.324%	$210	$41	5x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009155	+4.164%	$1.6M	$5.0M	75x	as long as short
dYdX PENGU-USD	+0.0387%	1h	0.009108	+3.626%	$12K	$6K	5x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0406%	1h	0.009157	+4.187%	$1K	$29K	10x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0435% / S −0.0352%	1h	0.009145	+4.051%	$105K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0533%	1h	0.009161	+4.228%	$354K	$2.6M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1928%	1h	0.009196	+4.631%	$81K	$74K	50x	as long as short