Funding you earn now, next payment 06:00 UTC−0.0173%/8h= −18.9% APRnext payment −$0.22 per $10,000 · paid last 24h −0.023%
Price spread now: gTrade (Gains Network) against 01 Exchange−0.110%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and gTrade (Gains Network) is 0.110% cheaper against 01 Exchange than usual: you would sell low and buy high (−$11 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 | 0.008752 | 0.0176 | pay 0.0022% / 1h | 28m 01s | $200 | $64 | 5x |
| Short | gTrade (Gains Network) PENGU/USD | 0.008742 | L +0.0007% / S −0.0003% | get 0.0000% / 1h | 28m 01s | $32K | — | 150x |
01 Exchange PENGUUSD
gTrade (Gains Network) PENGU/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$36.34
- Price spread: −0.110% → 0.000%
- −$10.99
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$64.33
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: 01 Exchange: no order-book sample; gTrade (Gains Network): 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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
01 Exchange and gTrade (Gains Network): 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit PENGU_USDC-PERPETUAL | 0.0000% | 1h | 0.008753 | +0.011% | $17K | $12K | 10x | as long as short |
| gTrade (Gains Network) PENGU/USDshort | L +0.0007% / S −0.0003% | 1h | 0.008742 | −0.110% | $32K | — | 150x | |
| Injective PENGU/USDC PERP | +0.0033% | 1h | 0.008789 | +0.423% | $3K | $117K | 5.5x | as long as short |
| Lighter PENGU | +0.0096% | 1h | 0.008758 | +0.069% | $317K | $750K | 8x | as long as short |
| Hyperliquid PENGU | +0.0100% | 1h | 0.008764 | +0.137% | $8.0M | $15.3M | 5x | as long as short |
| Aster PENGUUSDT | +0.0100% | 4h | 0.008758 | +0.070% | $120K | $667K | 20x | as long as short |
| Pacifica PENGU | +0.0100% | 1h | 0.008747 | −0.057% | $133K | $274K | 5x | as long as short |
| Binance PENGUUSDT | +0.0100% | 4h | 0.008753 | +0.017% | $36.9M | $177.1M | 75x | as long as short |
| Bybit PENGUUSDT | +0.0100% | 4h | 0.008746 | −0.069% | $23.2M | $41.8M | 75x | as long as short |
| OKX PENGU-USDT-SWAP | +0.0100% | 4h | 0.008750 | −0.023% | $7.5M | $50.4M | 50x | as long as short |
Deribit PENGU_USDC-PERPETUAL
Injective PENGU/USDC PERP
Lighter PENGU
Hyperliquid PENGU
Aster PENGUUSDT
Pacifica PENGU
Binance PENGUUSDT
Bybit PENGUUSDT
OKX PENGU-USDT-SWAPShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus PENGU-USD | +0.0100% | 1h | 0.008750 | −0.023% | $18K | $25K | 5x | as long as short |
| Gate PENGU_USDT | +0.0100% | 4h | 0.008753 | +0.011% | $3.3M | $16.5M | 75x | as long as short |
| MEXC PENGU_USDT | +0.0100% | 4h | 0.008750 | −0.023% | $10.4M | $12.6M | 125x | as long as short |
| KuCoin PENGUUSDTM | +0.0100% | 4h | 0.008755 | +0.034% | $4.9M | $9.7M | 75x | as long as short |
| Bitget PENGUUSDT | +0.0100% | 4h | 0.008754 | +0.023% | $8.3M | $13.4M | 75x | as long as short |
| BingX PENGU-USDC | +0.0100% | 4h | 0.008755 | +0.034% | — | $2.3M | — | as long as short |
| Backpack PENGU_USDC_PERP | +0.0100% | 1h | 0.008753 | +0.011% | $288K | $339K | 10x | as long as short |
| Variational Omni PENGU | +0.0100% | 4h | 0.008739 | −0.147% | $912K | $1.0M | — | as long as short |
| GRVT PENGU_USDT_Perp | +0.0100% | 4h | 0.008745 | −0.076% | $457K | $2.1M | 10x | as long as short |
| ApeX Omni PENGUUSDT | +0.0100% | 1h | 0.008731 | −0.240% | $79K | $250K | 50x | as long as short |
| Nado PENGU-PERP | +0.0100% | 1h | 0.008741 | −0.126% | $586K | $1.1M | 5x | as long as short |
| Orderly PERP_PENGU_USDC | +0.0100% | 4h | 0.008751 | −0.011% | $23K | $166K | 20x | as long as short |
| SunX PENGU-USDT | +0.0100% | 4h | 0.008947 | +2.228% | $3K | $2.1M | 10x | as long as short |
| SoDEX PENGU-USD | +0.0100% | 1h | 0.008754 | +0.023% | $1K | $5K | 5x | as long as short |
| HTX PENGU-USDT | +0.0100% | 4h | 0.008765 | +0.149% | $91K | $392K | 25x | as long as short |
| Extended PENGU-USD | +0.0104% | 1h | 0.008747 | −0.057% | $182K | $872K | 10x | as long as short |
| Aevo PENGU-PERP | +0.0104% | 1h | 0.008745 | −0.080% | $202K | — | 3x | as long as short |
| 01 Exchange PENGUUSDlong | +0.0176% | 1h | 0.008752 | long leg | $200 | $64 | 5x | |
| dYdX PENGU-USD | +0.0193% | 1h | 0.008752 | −0.002% | $12K | $6K | 5x | as long as short |
| Reya PENGURUSDPERP | +0.0240% | 1h | 0.008742 | −0.116% | $295 | — | 10x | as long as short |
| Kraken Futures PF_PENGUUSD | +0.0322% | 1h | 0.008757 | +0.053% | $319K | $2.4M | 50x | as long as short |
| BloFin PENGU-USDT | +0.0340% | 4h | 0.008774 | +0.251% | $1.5M | $4.4M | 75x | as long as short |
| GMX PENGU/USD [WBTC.b-USDC] | L +0.0500% / S −0.0466% | 1h | 0.008743 | −0.103% | $121K | — | 100x | as long as short |
| Coinbase International PENGU-PERP-INTX | +0.1752% | 1h | 0.008825 | +0.834% | $78K | $76K | 50x | as long as short |
Arcus PENGU-USD
Gate PENGU_USDT
MEXC PENGU_USDT
KuCoin PENGUUSDTM
Bitget PENGUUSDT
BingX PENGU-USDC
Backpack PENGU_USDC_PERP
Variational Omni PENGU
GRVT PENGU_USDT_Perp
ApeX Omni PENGUUSDT
Nado PENGU-PERP
Orderly PERP_PENGU_USDC
SunX PENGU-USDT
SoDEX PENGU-USD
HTX PENGU-USDT
Extended PENGU-USD
Aevo PENGU-PERP
dYdX PENGU-USD
Reya PENGURUSDPERP
Kraken Futures PF_PENGUUSD
BloFin PENGU-USDT
GMX PENGU/USD [WBTC.b-USDC]
Coinbase International PENGU-PERP-INTX