PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0097%/8h= −10.6% APRnext payment −$0.12 per $10,000 · paid last 24h −0.026%

Price spread now: gTrade (Gains Network) against Nado+0.062%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 gTrade (Gains Network)

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. gTrade (Gains Network) is 0.062% dearer against Nado than usual: you sell high and buy low (spread +0.062% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado PENGU-PERP	0.008921	0.0100	pay 0.0012% / 1h	5m 00s	$707K	$765K	5x
Short	gTrade (Gains Network) PENGU/USD	0.008927	L +0.0007% / S −0.0003%	get 0.0000% / 1h	5m 00s	$33K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.062%Rate

Funding earned: −$20.37
Price spread: +0.062% → 0.000%: $6.2
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$31.18
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Nado: live order book, 3 min ago; gTrade (Gains Network): 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, 3 min ago	1.12 bp	9.2 bp −$9	26.3 bp −$263	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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	−0.0387%	1h	0.008933	+0.130%	$372K	$2.3M	50x	as long as short
01 Exchange PENGUUSD	−0.0176%	1h	0.008935	+0.151%	$204	$59	5x	as long as short
Gate PENGU_USDT	−0.0140%	4h	0.008920	−0.017%	$3.5M	$15.9M	75x	as long as short
Variational Omni PENGU	−0.0108%	4h	0.008910	−0.131%	$920K	$975K	—	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008927	+0.062%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USDshort	L +0.0007% / S −0.0003%	1h	0.008927	+0.062%	$33K	—	150x
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−1.485%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008926	+0.050%	$310K	$733K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008924	+0.028%	$19K	$178K	20x	as long as short
Nado PENGU-PERPlong	+0.0100%	1h	0.008921	long leg	$707K	$765K	5x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid PENGU	+0.0100%	1h	0.008923	+0.017%	$8.4M	$15.2M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008932	+0.112%	$191K	$465K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008939	+0.196%	$154K	$240K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008920	−0.022%	$37.7M	$156.2M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008914	−0.084%	$23.4M	$37.5M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008919	−0.028%	$7.7M	$48.1M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008940	+0.207%	$20K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008933	+0.129%	$13.1M	$12.9M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008919	−0.028%	$4.7M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008926	+0.050%	$8.4M	$12.7M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008921	−0.006%	—	$3.8M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008919	−0.028%	$307K	$321K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008952	+0.337%	$468K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008958	+0.409%	$82K	$248K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009138	+2.427%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008925	+0.039%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008936	+0.163%	$92K	$299K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008923	+0.016%	$184K	$935K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008918	−0.039%	$206K	—	3x	as long as short
dYdX PENGU-USD	+0.0111%	1h	0.008936	+0.166%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008921	0.000%	$301	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008925	+0.039%	$1.5M	$2.9M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0522% / S −0.0723%	1h	0.008925	+0.039%	$118K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1648%	1h	0.008967	+0.510%	$95K	$104K	50x	as long as short