PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h −0.093%

Price spread now: SoDEX against Injective+0.296%62s7-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 SoDEX

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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and SoDEX is 0.296% dearer against Injective than usual: you sell high and buy low: +$30 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 62 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	Injective PENGU/USDC PERP	0.008789	0.0033	pay 0.0004% / 1h	55m 32s	$3K	$117K	5.5x
Short	SoDEX PENGU-USD	0.008815	0.0100	get 0.0013% / 1h	55m 32s	$1K	$5K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.296%Rate

Funding earned: $14
Price spread: +0.296% → 0.000%: $29.58
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $35.56
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; SoDEX: 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 SoDEX no order-book sample	—	—	—	—	—

Injective and SoDEX: 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 33 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
ApeX Omni PENGUUSDT	−0.1212%	1h	0.008733	−0.637%	$80K	$243K	50x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008815	+0.296%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008812	+0.262%	$32K	—	150x	as long as short
Injective PENGU/USDC PERPlong	+0.0033%	1h	0.008789	long leg	$3K	$117K	5.5x
Gate PENGU_USDT	+0.0074%	4h	0.008780	−0.102%	$3.4M	$15.4M	75x	as long as short
Lighter PENGU	+0.0096%	1h	0.008785	−0.046%	$312K	$707K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008815	+0.296%	$19K	$161K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008821	+0.370%	$595K	$988K	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008791	+0.023%	$8.2M	$14.7M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008790	+0.006%	$132K	$523K	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PENGU	+0.0100%	1h	0.008783	−0.068%	$154K	$243K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008782	−0.085%	$37.3M	$156.4M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008774	−0.171%	$23.1M	$38.0M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008775	−0.159%	$7.5M	$46.3M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008780	−0.102%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008780	−0.102%	$11.8M	$12.3M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008788	−0.011%	$4.7M	$9.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008785	−0.046%	$8.3M	$12.3M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008772	−0.193%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008803	+0.159%	$302K	$280K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008816	+0.308%	$870K	$985K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008748	−0.471%	$464K	$2.1M	10x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009023	+2.662%	$3K	$2.0M	10x	as long as short
SoDEX PENGU-USDshort	+0.0100%	1h	0.008815	+0.296%	$1K	$5K	5x
HTX PENGU-USDT	+0.0100%	4h	0.008836	+0.535%	$94K	$340K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008782	−0.081%	$184K	$941K	10x	as long as short
01 Exchange PENGUUSD	+0.0104%	1h	0.008785	−0.046%	$201	$64	5x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008810	+0.239%	$204K	—	3x	as long as short
dYdX PENGU-USD	+0.0190%	1h	0.008786	−0.031%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008820	+0.349%	$298	—	10x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0514% / S −0.0582%	1h	0.008818	+0.330%	$120K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0645%	1h	0.008818	+0.333%	$355K	$2.3M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2296%	1h	0.008967	+2.025%	$95K	$94K	50x	as long as short