PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0208%/8h= −22.8% APRnext payment −$0.26 per $10,000 · paid last 24h −0.056%

Price spread now: Deribit against Nado+0.166%7-day average — · you sell dearer than you buy

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

Long on Nado Short on Deribit

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—+ Points / potential airdropNado: Active · farm boardneeds both histories

The price spread pays, funding is against you. Deribit is 0.166% dearer against Nado than usual: you sell high and buy low (spread +0.166% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado PENGU-PERP	0.008719	0.0000	pay 0.0000% / 1h	23m 15s	$692K	$775K	5x
Short	Deribit PENGU_USDC-PERPETUAL	0.008734	−0.0208	pay 0.0026% / 1h	23m 15s	$19K	$9K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.166%Rate

Funding earned: −$43.76
Price spread: +0.166% → 0.000%: $16.63
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$41.13
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Nado: live order book, 55 min ago; Deribit: 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 Nado live order book, 55 min ago	1.71 bp	9.8 bp −$10	56.7 bp −$567	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	−0.0342%	1h	0.008743	+0.267%	$368K	$2.3M	50x	as long as short
Bybit PENGUUSDT	−0.0294%	4h	0.008730	+0.120%	$22.7M	$36.8M	75x	as long as short
Gate PENGU_USDT	−0.0290%	4h	0.008720	+0.006%	$3.4M	$15.6M	75x	as long as short
01 Exchange PENGUUSD	−0.0240%	1h	0.008718	−0.017%	$199	$59	5x	as long as short
Variational Omni PENGU	−0.0238%	4h	0.008725	+0.069%	$797K	$802K	—	as long as short
Deribit PENGU_USDC-PERPETUALshort	−0.0208%	1h	0.008734	+0.166%	$19K	$9K	10x
Backpack PENGU_USDC_PERP	−0.0175%	1h	0.008720	+0.006%	$311K	$313K	10x	as long as short
Injective PENGU/USDC PERP	−0.0114%	1h	0.008789	+0.797%	$3K	$117K	5.5x	as long as short
Nado PENGU-PERPlong	0.0000%	1h	0.008719	long leg	$692K	$775K	5x
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008729	+0.106%	$33K	—	150x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX PENGU-USD	+0.0025%	1h	0.008735	+0.183%	$12K	$4K	5x	as long as short
GRVT PENGU_USDT_Perp	+0.0094%	4h	0.008747	+0.313%	$458K	$2.1M	10x	as long as short
Lighter PENGU	+0.0096%	1h	0.008741	+0.247%	$306K	$741K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008733	+0.155%	$23K	$186K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008722	+0.029%	$8.4M	$15.3M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008732	+0.143%	$188K	$470K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008724	+0.052%	$150K	$239K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008740	+0.235%	$36.2M	$154.8M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008736	+0.189%	$7.5M	$46.9M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008720	+0.006%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008723	+0.040%	$12.3M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008728	+0.097%	$4.7M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008735	+0.178%	$8.3M	$12.6M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008717	−0.029%	—	$2.3M	—	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008734	+0.166%	$80K	$254K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008942	+2.552%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008735	+0.178%	$993	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008740	+0.235%	$91K	$249K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008730	+0.118%	$180K	$622K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008735	+0.178%	$202K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008721	+0.022%	$295	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008741	+0.247%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0496% / S −0.0683%	1h	0.008730	+0.120%	$110K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2688%	1h	0.008724	+0.052%	$93K	$103K	50x	as long as short