PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h +0.096%

Price spread now: Injective against SoDEX+0.450%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Injective

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

The price spread pays, funding is against you. Injective is 0.450% dearer against SoDEX than usual: you sell high and buy low (spread +0.450% now, against zero (this spread has no 7-day history yet)): +$45 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 22 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX PENGU-USD	0.008676	0.0100	pay 0.0013% / 1h	58m 45s	$990	$5K	5x
Short	Injective PENGU/USDC PERP	0.008715	0.0033	get 0.0004% / 1h	58m 45s	$3K	$81K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.450%Rate

Funding earned: −$14
Price spread: +0.450% → 0.000%: $44.95
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $22.93
Costs to cover: 0.080%
Break-even: from the start

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

SoDEX and 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	−0.0614%	1h	0.008687	+0.123%	$385K	$2.1M	50x	as long as short
Nado PENGU-PERP	−0.0579%	1h	0.008675	−0.012%	$674K	$757K	5x	as long as short
Gate PENGU_USDT	−0.0302%	4h	0.008682	+0.069%	$3.4M	$15.4M	75x	as long as short
01 Exchange PENGUUSD	−0.0136%	1h	0.008683	+0.081%	$199	$59	5x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0095%	1h	0.008681	+0.058%	$19K	$9K	10x	as long as short
Bybit PENGUUSDT	−0.0030%	4h	0.008679	+0.035%	$22.5M	$35.9M	75x	as long as short
Backpack PENGU_USDC_PERP	−0.0010%	1h	0.008681	+0.058%	$310K	$314K	10x	as long as short
dYdX PENGU-USD	0.0000%	1h	0.008686	+0.119%	$11K	$4K	5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008683	+0.078%	$33K	—	150x	as long as short
Injective PENGU/USDC PERPshort	+0.0033%	1h	0.008715	+0.450%	$3K	$81K	5.5x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter PENGU	+0.0096%	1h	0.008688	+0.138%	$297K	$726K	8x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008689	+0.150%	$8.6M	$15.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008693	+0.194%	$172K	$448K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008685	+0.104%	$146K	$236K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008686	+0.117%	$35.9M	$151.3M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008678	+0.023%	$7.7M	$46.4M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008680	+0.046%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008688	+0.138%	$13.0M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008687	+0.127%	$4.7M	$8.8M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008688	+0.138%	$8.2M	$12.5M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008665	−0.127%	—	$2.3M	—	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008657	−0.217%	$800K	$726K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008664	−0.137%	$453K	$2.4M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008668	−0.092%	$79K	$253K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008680	+0.046%	$23K	$186K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008891	+2.478%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USDlong	+0.0100%	1h	0.008676	long leg	$990	$5K	5x
HTX PENGU-USDT	+0.0100%	4h	0.008689	+0.150%	$91K	$250K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008680	+0.043%	$178K	$682K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008675	−0.012%	$200K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0237%	1h	0.008678	+0.020%	$293	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008690	+0.161%	$1.5M	$2.7M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0503% / S −0.0703%	1h	0.008683	+0.081%	$112K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2504%	1h	0.008699	+0.265%	$93K	$97K	50x	as long as short