PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.1494%/8h= +163.6% APRnext payment +$1.87 per $10,000 · paid last 24h +0.588%

Price spread now: Coinbase International against Nado+1.985%7-day average +0.806% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs+$56as in the Price arb table

costs, in and out, $10k−$620.616% of the position

Long on Nado Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+1.246%+$125 on $10k

Price spread, last 3 days (all we have)−1.219%−$122 · spread now +1.985%, 7d avg +0.806%

Together, before fees+0.028%+ Points / potential airdropNado: Active · farm board+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$45 a day on $10k at the current rate, and Coinbase International is 1.179% dearer against Nado than usual: you sell high and buy low: +$118 more if the spread goes back to its 7-day average of +0.806%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado PENGU-PERP	0.008792	−0.0142	get 0.0018% / 1h	46m 01s	$536K	$926K	5x
Short	Coinbase International PENGU-PERP-INTX	0.008967	0.1352	get 0.0169% / 1h	46m 01s	$95K	$104K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Nado. 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 NadobpFee Coinbase InternationalbpOrdersPrice spread, now +1.985%Rate

Funding earned: $313.69
Price spread: +1.985% → +0.806%: $117.91
Slippage, 4 orders: −$44.64
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $369.96
Costs to cover: 0.616%
Break-even: from the start

Slippage from Nado: live order book, 22 min ago; Coinbase International: live order book, 52 min ago.

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 Nado live order book, 22 min ago	1.12 bp	9.2 bp −$9	26.3 bp −$263	doesn't fit	doesn't fit
Sell Coinbase International live order book, 52 min ago	17.61 bp	22.6 bp −$23	doesn't fit	doesn't fit	doesn't fit

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
Nado PENGU-PERPlong	−0.0142%	1h	0.008792	long leg	$536K	$926K	5x
ApeX Omni PENGUUSDT	−0.0094%	1h	0.008841	+0.552%	$81K	$249K	50x	as long as short
Gate PENGU_USDT	−0.0052%	4h	0.008788	−0.051%	$3.4M	$15.4M	75x	as long as short
Variational Omni PENGU	−0.0050%	4h	0.008788	−0.050%	$876K	$1.0M	—	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008795	+0.028%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008793	+0.010%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.040%	$3K	$117K	5.5x	as long as short
01 Exchange PENGUUSD	+0.0056%	1h	0.008801	+0.097%	$201	$64	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008798	+0.063%	$306K	$698K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0097%	4h	0.008793	+0.006%	$19K	$174K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid PENGU	+0.0100%	1h	0.008795	+0.028%	$8.2M	$15.0M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008798	+0.060%	$169K	$441K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008804	+0.131%	$152K	$242K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008787	−0.062%	$37.2M	$156.9M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008780	−0.142%	$22.9M	$37.9M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008779	−0.154%	$7.5M	$47.5M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008800	+0.085%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008785	−0.085%	$12.2M	$12.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008783	−0.108%	$4.7M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008788	−0.051%	$8.3M	$12.6M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008791	−0.017%	—	$3.7M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008787	−0.063%	$301K	$323K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008848	+0.629%	$471K	$2.1M	10x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009005	+2.417%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008792	−0.006%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008815	+0.256%	$89K	$327K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008780	−0.145%	$181K	$940K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008799	+0.074%	$203K	—	3x	as long as short
dYdX PENGU-USD	+0.0181%	1h	0.008811	+0.211%	$12K	$4K	5x	as long as short
Kraken Futures PF_PENGUUSD	+0.0210%	1h	0.008804	+0.127%	$364K	$2.3M	50x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008790	−0.025%	$297	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008832	+0.449%	$1.5M	$3.2M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0512% / S −0.0708%	1h	0.008792	−0.006%	$114K	—	100x	as long as short
Coinbase International PENGU-PERP-INTXshort	+0.1352%	1h	0.008967	+1.985%	$95K	$104K	50x