PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0076%/8h= −8.3% APRnext payment −$0.09 per $10,000 · paid last 24h +0.020%

Price spread now: Hyperliquid against 01 Exchange+0.171%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on Hyperliquid

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—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

The price spread pays, funding is against you. Hyperliquid is 0.171% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.171% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange PENGUUSD	0.008753	0.0176	pay 0.0022% / 1h	23m 11s	$200	$64	5x
Short	Hyperliquid PENGU	0.008768	0.0100	get 0.0013% / 1h	23m 11s	$8.0M	$15.0M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.171%Rate

Funding earned: −$15.96
Price spread: +0.171% → 0.000%: $17.14
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$14.82
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: 01 Exchange: no order-book sample; Hyperliquid: live order book, 10 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 10 min ago	1.14 bp	8.1 bp −$8	17.9 bp −$179	doesn't fit	doesn't fit

01 Exchange: 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	0.008758	+0.057%	$17K	$12K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008754	+0.014%	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.411%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008759	+0.069%	$317K	$750K	8x	as long as short
Hyperliquid PENGUshort	+0.0100%	1h	0.008768	+0.171%	$8.0M	$15.0M	5x
Aster PENGUUSDT	+0.0100%	4h	0.008760	+0.084%	$120K	$667K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008758	+0.057%	$133K	$274K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008766	+0.143%	$37.0M	$177.3M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008753	0.000%	$23.2M	$41.9M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008760	+0.080%	$7.5M	$50.7M	50x	as long as short

Show 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	−0.034%	$18K	$26K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.008757	+0.046%	$3.3M	$16.5M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008761	+0.091%	$10.4M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008758	+0.057%	$4.9M	$9.7M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008760	+0.080%	$8.4M	$13.4M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008759	+0.069%	—	$3.7M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008759	+0.069%	$289K	$338K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008742	−0.125%	$913K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008765	+0.137%	$458K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008750	−0.034%	$79K	$251K	50x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008749	−0.046%	$587K	$1.1M	5x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008756	+0.034%	$23K	$173K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008960	+2.365%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008757	+0.046%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008765	+0.137%	$91K	$392K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008753	−0.005%	$182K	$872K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008749	−0.046%	$202K	—	3x	as long as short
01 Exchange PENGUUSDlong	+0.0176%	1h	0.008753	long leg	$200	$64	5x
dYdX PENGU-USD	+0.0187%	1h	0.008759	+0.068%	$12K	$6K	5x	as long as short
Reya PENGURUSDPERP	+0.0240%	1h	0.008750	−0.037%	$295	—	10x	as long as short
Kraken Futures PF_PENGUUSD	+0.0322%	1h	0.008761	+0.092%	$319K	$2.4M	50x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008757	+0.046%	$1.5M	$4.4M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0500% / S −0.0466%	1h	0.008751	−0.023%	$121K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1752%	1h	0.008825	+0.823%	$78K	$76K	50x	as long as short