PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0214%/8h= +23.4% APRnext payment +$0.27 per $10,000 · paid last 24h −0.094%

Price spread now: Pacifica against Injective+0.353%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 Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.200%−$20 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Pacifica is 0.353% dearer against Injective than usual: you sell high and buy low: +$35 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.200%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective PENGU/USDC PERP	0.008789	−0.0114	get 0.0014% / 1h	51m 43s	$3K	$117K	5.5x
Short	Pacifica PENGU	0.008820	0.0100	get 0.0013% / 1h	51m 43s	$152K	$239K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.353%Rate

Funding earned: $44.96
Price spread: +0.353% → 0.000%: $35.27
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $72.21
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Pacifica: live order book, 26 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 Injective no order-book sample	—	—	—	—	—
Sell Pacifica live order book, 26 min ago	2.84 bp	16.6 bp −$17	doesn't fit	doesn't fit	doesn't fit

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	−0.0339%	1h	0.008822	+0.374%	$367K	$2.2M	50x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0317%	1h	0.008810	+0.239%	$19K	$9K	10x	as long as short
Gate PENGU_USDT	−0.0260%	4h	0.008823	+0.387%	$3.4M	$15.6M	75x	as long as short
Bybit PENGUUSDT	−0.0232%	4h	0.008822	+0.375%	$22.9M	$36.6M	75x	as long as short
Variational Omni PENGU	−0.0127%	4h	0.008807	+0.208%	$804K	$802K	—	as long as short
Injective PENGU/USDC PERPlong	−0.0114%	1h	0.008789	long leg	$3K	$117K	5.5x
01 Exchange PENGUUSD	−0.0112%	1h	0.008812	+0.262%	$202	$59	5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008813	+0.278%	$34K	—	150x	as long as short
dYdX PENGU-USD	+0.0024%	1h	0.008832	+0.493%	$12K	$4K	5x	as long as short
Nado PENGU-PERP	+0.0081%	1h	0.008818	+0.330%	$688K	$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	0.008835	+0.523%	$308K	$740K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008813	+0.273%	$23K	$186K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008832	+0.489%	$8.5M	$15.2M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008825	+0.411%	$191K	$467K	20x	as long as short
Pacifica PENGUshort	+0.0100%	1h	0.008820	+0.353%	$152K	$239K	5x
Binance PENGUUSDT	+0.0100%	4h	0.008827	+0.432%	$36.7M	$153.8M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008827	+0.432%	$7.6M	$47.4M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008820	+0.353%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008822	+0.375%	$12.6M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008822	+0.375%	$4.8M	$8.9M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008835	+0.523%	$8.4M	$12.6M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008818	+0.330%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008811	+0.250%	$314K	$309K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008836	+0.535%	$462K	$2.2M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008819	+0.341%	$80K	$254K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009029	+2.731%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008810	+0.239%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008837	+0.546%	$92K	$249K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008823	+0.390%	$182K	$622K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008811	+0.250%	$204K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0237%	1h	0.008809	+0.228%	$297	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008825	+0.410%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0511% / S −0.0711%	1h	0.008815	+0.296%	$115K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2688%	1h	0.008850	+0.694%	$94K	$104K	50x	as long as short