PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.04 per $10,000 · paid last 24h +0.355%

Price spread now: dYdX against SoDEX−0.218%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on dYdX

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—needs both histories

Funding pays, the price is against you. dYdX is 0.218% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.218% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$22 on $10k: about 24 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX PENGU-USD	0.008808	0.0100	pay 0.0013% / 1h	51m 43s	$1K	$5K	5x
Short	dYdX PENGU-USD	0.008789	0.0130	get 0.0016% / 1h	51m 43s	$12K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against SoDEX. 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 SoDEXbpFee dYdXbpOrdersPrice spread, now −0.218%Rate

Funding earned: $6.33
Price spread: −0.218% → 0.000%: −$21.8
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$33.48
Costs to cover: 0.180%
Break-even: 44.0 days

Slippage unknown: SoDEX: no order-book sample; 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 SoDEX no order-book sample	—	—	—	—	—
Sell dYdX no order-book sample	—	—	—	—	—

SoDEX and 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
Bybit PENGUUSDT	−0.0420%	4h	0.008784	−0.272%	$22.9M	$37.2M	75x	as long as short
Kraken Futures PF_PENGUUSD	−0.0392%	1h	0.008817	+0.105%	$369K	$2.3M	50x	as long as short
Gate PENGU_USDT	−0.0358%	4h	0.008780	−0.318%	$3.4M	$15.4M	75x	as long as short
Variational Omni PENGU	−0.0281%	4h	0.008802	−0.065%	$869K	$929K	—	as long as short
01 Exchange PENGUUSD	−0.0096%	1h	0.008826	+0.204%	$202	$59	5x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0090%	1h	0.008812	+0.045%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008823	+0.169%	$34K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.216%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008792	−0.182%	$308K	$727K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008815	+0.079%	$23K	$185K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado PENGU-PERP	+0.0100%	1h	0.008822	+0.159%	$701K	$778K	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008779	−0.329%	$8.4M	$15.3M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008789	−0.220%	$188K	$481K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008785	−0.261%	$152K	$239K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008788	−0.227%	$36.6M	$155.3M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008789	−0.216%	$7.6M	$47.3M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008820	+0.136%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008789	−0.216%	$12.4M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008789	−0.216%	$4.7M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008779	−0.329%	$8.3M	$12.7M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008788	−0.227%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008798	−0.114%	$309K	$315K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008805	−0.035%	$461K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008799	−0.102%	$80K	$254K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009020	+2.407%	$2K	$2.1M	10x	as long as short
SoDEX PENGU-USDlong	+0.0100%	1h	0.008808	long leg	$1K	$5K	5x
HTX PENGU-USDT	+0.0100%	4h	0.008827	+0.216%	$90K	$300K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008777	−0.350%	$184K	$642K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008800	−0.091%	$203K	—	3x	as long as short
dYdX PENGU-USDshort	+0.0130%	1h	0.008789	−0.218%	$12K	$4K	5x
Reya PENGURUSDPERP	+0.0238%	1h	0.008820	+0.134%	$298	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008822	+0.159%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0499% / S −0.0683%	1h	0.008823	+0.170%	$111K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1648%	1h	0.008823	+0.170%	$94K	$104K	50x	as long as short