PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0041%/8h= −4.5% APRnext payment −$0.05 per $10,000 · paid last 24h −0.004%

Price spread now: Nado against SoDEX+0.040%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 Nado

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. Nado is 0.040% dearer against SoDEX than usual: you sell high and buy low (spread +0.040% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX PENGU-USD	0.008780	0.0100	pay 0.0013% / 1h	46m 34s	$998	$5K	5x
Short	Nado PENGU-PERP	0.008783	0.0059	get 0.0007% / 1h	46m 34s	$680K	$758K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.040%Rate

Funding earned: −$8.66
Price spread: +0.040% → 0.000%: $3.99
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$19.67
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Nado: live order book, 37 min ago. 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 Nado live order book, 37 min ago	1.72 bp	7.8 bp −$8	25.1 bp −$251	doesn't fit	doesn't fit

SoDEX: 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	−0.0607%	1h	0.008783	+0.037%	$390K	$2.2M	50x	as long as short
Gate PENGU_USDT	−0.0312%	4h	0.008765	−0.171%	$3.4M	$15.5M	75x	as long as short
01 Exchange PENGUUSD	−0.0096%	1h	0.008773	−0.080%	$201	$59	5x	as long as short
Bybit PENGUUSDT	−0.0018%	4h	0.008762	−0.205%	$22.7M	$36.1M	75x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008783	+0.034%	$19K	$9K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008782	+0.018%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008715	−0.740%	$3K	$81K	5.5x	as long as short
Nado PENGU-PERPshort	+0.0059%	1h	0.008783	+0.040%	$680K	$758K	5x
Lighter PENGU	+0.0096%	1h	0.008767	−0.148%	$300K	$726K	8x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008779	−0.011%	$8.7M	$15.0M	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PENGUUSDT	+0.0100%	4h	0.008774	−0.068%	$173K	$449K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008770	−0.114%	$148K	$236K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008771	−0.103%	$36.3M	$151.6M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008767	−0.148%	$7.7M	$46.9M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008770	−0.114%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008772	−0.091%	$13.1M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008768	−0.137%	$4.8M	$8.8M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008771	−0.103%	$8.4M	$12.5M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008766	−0.159%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008782	+0.023%	$313K	$310K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008761	−0.219%	$811K	$726K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008763	−0.193%	$458K	$2.3M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008766	−0.159%	$80K	$253K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008781	+0.011%	$23K	$186K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008999	+2.494%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USDlong	+0.0100%	1h	0.008780	long leg	$998	$5K	5x
HTX PENGU-USDT	+0.0100%	4h	0.008804	+0.273%	$92K	$250K	25x	as long as short
dYdX PENGU-USD	+0.0103%	1h	0.008773	−0.077%	$12K	$4K	5x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008768	−0.142%	$180K	$682K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008780	0.000%	$203K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0237%	1h	0.008782	+0.023%	$297	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008783	+0.034%	$1.5M	$2.7M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0510% / S −0.0711%	1h	0.008781	+0.011%	$114K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2504%	1h	0.008760	−0.228%	$92K	$102K	50x	as long as short