PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0080%/8h= −8.8% APRnext payment −$0.10 per $10,000 · paid last 24h −0.048%

Price spread now: Deribit against 01 Exchange−0.078%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Deribit is 0.078% cheaper against 01 Exchange than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange PENGUUSD	0.008970	0.0080	pay 0.0010% / 1h	28m 40s	$205	$64	5x
Short	Deribit PENGU_USDC-PERPETUAL	0.008963	0	get 0.0000% / 1h	28m 40s	$19K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against 01 Exchange. 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 01 ExchangebpFee DeribitbpOrdersPrice spread, now −0.078%Rate

Funding earned: −$16.8
Price spread: −0.078% → 0.000%: −$7.8
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$38.6
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Deribit: 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Deribit no order-book sample	—	—	—	—	—

01 Exchange and Deribit: 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
Gate PENGU_USDT	−0.0020%	4h	0.008950	−0.223%	$3.4M	$16.4M	75x	as long as short
Deribit PENGU_USDC-PERPETUALshort	0.0000%	1h	0.008963	−0.078%	$19K	$10K	10x
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008972	+0.024%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−2.018%	$3K	$117K	5.5x	as long as short
dYdX PENGU-USD	+0.0038%	1h	0.008957	−0.147%	$12K	$5K	5x	as long as short
01 Exchange PENGUUSDlong	+0.0080%	1h	0.008970	long leg	$205	$64	5x
Lighter PENGU	+0.0096%	1h	0.008960	−0.111%	$326K	$751K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008964	−0.067%	$601K	$1.0M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008967	−0.033%	$8.4M	$14.8M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008957	−0.139%	$138K	$640K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PENGU	+0.0100%	1h	0.008956	−0.156%	$137K	$272K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008954	−0.175%	$38.3M	$171.7M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008944	−0.290%	$23.8M	$41.0M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008943	−0.301%	$7.8M	$50.1M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008960	−0.111%	$19K	$25K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008951	−0.212%	$11.0M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008960	−0.111%	$5.0M	$9.4M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008958	−0.134%	$8.7M	$12.9M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008949	−0.234%	—	$3.5M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008955	−0.167%	$299K	$327K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009000	+0.334%	$939K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009016	+0.515%	$470K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009018	+0.535%	$82K	$251K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008967	−0.033%	$24K	$102K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009188	+2.430%	$2K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008964	−0.067%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008979	+0.100%	$93K	$379K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008944	−0.286%	$186K	$939K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008956	−0.156%	$207K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008970	0.000%	$303	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008960	−0.111%	$1.5M	$4.2M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0504% / S −0.0415%	1h	0.008970	0.000%	$128K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0610%	1h	0.008966	−0.045%	$351K	$2.4M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2704%	1h	0.009007	+0.412%	$95K	$62K	50x	as long as short