PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0214%/8h= −23.4% APRnext payment −$0.27 per $10,000 · paid last 24h +0.094%

Price spread now: Injective against Pacifica−0.476%7-day average — · you buy dearer than you sell

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

Long on Pacifica Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.200%+$20 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Injective is 0.476% cheaper against Pacifica than usual: you would sell low and buy high (−$48 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.200%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica PENGU	0.008831	0.0100	pay 0.0013% / 1h	51m 07s	$152K	$239K	5x
Short	Injective PENGU/USDC PERP	0.008789	−0.0114	pay 0.0014% / 1h	51m 07s	$3K	$117K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Pacifica. 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 PacificabpFee InjectivebpOrdersPrice spread, now −0.476%Rate

Funding earned: −$44.96
Price spread: −0.476% → 0.000%: −$47.56
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$100.54
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 27 min ago; Injective: 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 Pacifica live order book, 27 min ago	2.84 bp	10.7 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.0339%	1h	0.008839	+0.092%	$367K	$2.2M	50x	as long as short
Gate PENGU_USDT	−0.0252%	4h	0.008820	−0.125%	$3.4M	$15.6M	75x	as long as short
Bybit PENGUUSDT	−0.0227%	4h	0.008825	−0.068%	$22.9M	$36.6M	75x	as long as short
Variational Omni PENGU	−0.0127%	4h	0.008807	−0.268%	$804K	$802K	—	as long as short
Injective PENGU/USDC PERPshort	−0.0114%	1h	0.008789	−0.476%	$3K	$117K	5.5x
01 Exchange PENGUUSD	−0.0112%	1h	0.008834	+0.034%	$202	$59	5x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0090%	1h	0.008832	+0.011%	$19K	$9K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008833	+0.025%	$34K	—	150x	as long as short
dYdX PENGU-USD	+0.0021%	1h	0.008823	−0.086%	$12K	$4K	5x	as long as short
Nado PENGU-PERP	+0.0067%	1h	0.008826	−0.051%	$689K	$761K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter PENGU	+0.0096%	1h	0.008832	+0.011%	$308K	$740K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008834	+0.034%	$24K	$186K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008826	−0.057%	$8.5M	$15.3M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008832	+0.008%	$191K	$467K	20x	as long as short
Pacifica PENGUlong	+0.0100%	1h	0.008831	long leg	$152K	$239K	5x
Binance PENGUUSDT	+0.0100%	4h	0.008830	−0.011%	$36.7M	$153.8M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008830	−0.011%	$7.6M	$47.4M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008830	−0.011%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008828	−0.034%	$12.6M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008834	+0.034%	$4.8M	$8.9M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008830	−0.011%	$8.4M	$12.6M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008823	−0.091%	—	$3.9M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008825	−0.068%	$315K	$309K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008836	+0.057%	$462K	$2.2M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008830	−0.011%	$80K	$254K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009045	+2.423%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008829	−0.023%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008848	+0.193%	$92K	$250K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008828	−0.036%	$182K	$622K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008832	+0.011%	$204K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008828	−0.034%	$298	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008825	−0.068%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0511% / S −0.0711%	1h	0.008834	+0.034%	$115K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2688%	1h	0.008850	+0.215%	$94K	$104K	50x	as long as short