PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0012%/8h= −1.4% APRnext payment −$0.02 per $10,000 · paid last 24h +0.357%

Price spread now: dYdX against Lighter+0.088%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 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

The price spread pays, funding is against you. dYdX is 0.088% dearer against Lighter than usual: you sell high and buy low (spread +0.088% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 24 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PENGU	0.008829	0.0096	pay 0.0012% / 1h	28m 04s	$308K	$728K	8x
Short	dYdX PENGU-USD	0.008837	0.0084	get 0.0010% / 1h	28m 04s	$12K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Lighter. 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 LighterbpFee dYdXbpOrdersPrice spread, now +0.088%Rate

Funding earned: −$2.61
Price spread: +0.088% → 0.000%: $8.83
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$3.78
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 42 min ago; 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 Lighter live order book, 42 min ago	3.44 bp	7.5 bp −$8	66.3 bp −$663	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

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
Kraken Futures PF_PENGUUSD	−0.0391%	1h	0.008835	+0.067%	$370K	$2.3M	50x	as long as short
Gate PENGU_USDT	−0.0236%	4h	0.008824	−0.057%	$3.4M	$15.6M	75x	as long as short
01 Exchange PENGUUSD	−0.0224%	1h	0.008811	−0.204%	$202	$59	5x	as long as short
Variational Omni PENGU	−0.0221%	4h	0.008831	+0.024%	$871K	$933K	—	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0203%	1h	0.008827	−0.023%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008823	−0.067%	$34K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.453%	$3K	$117K	5.5x	as long as short
dYdX PENGU-USDshort	+0.0084%	1h	0.008837	+0.088%	$12K	$4K	5x
Nado PENGU-PERP	+0.0091%	1h	0.008813	−0.181%	$698K	$767K	5x	as long as short
Lighter PENGUlong	+0.0096%	1h	0.008829	long leg	$308K	$728K	8x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008825	−0.045%	$24K	$176K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008824	−0.057%	$8.3M	$15.7M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008831	+0.026%	$189K	$481K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008834	+0.057%	$152K	$238K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008820	−0.102%	$36.8M	$154.8M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008811	−0.204%	$23.2M	$37.3M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008809	−0.227%	$7.6M	$47.3M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008820	−0.102%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008822	−0.079%	$13.0M	$12.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008827	−0.023%	$4.7M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008815	−0.159%	$8.4M	$12.7M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008822	−0.079%	—	$3.8M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008822	−0.079%	$306K	$322K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008836	+0.078%	$468K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008810	−0.215%	$80K	$254K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009025	+2.220%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008824	−0.057%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008836	+0.079%	$91K	$296K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008806	−0.259%	$182K	$973K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008817	−0.136%	$204K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008815	−0.155%	$298	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008816	−0.147%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0517% / S −0.0723%	1h	0.008821	−0.091%	$116K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1648%	1h	0.008863	+0.385%	$94K	$103K	50x	as long as short