PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0176%/8h= +19.3% APRnext payment +$0.22 per $10,000 · paid last 24h −0.004%

Price spread now: Lighter against 01 Exchange+0.114%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 Lighter

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 airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Lighter is 0.114% dearer against 01 Exchange than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange PENGUUSD	0.008781	−0.0080	get 0.0010% / 1h	18m 05s	$201	$59	5x
Short	Lighter PENGU	0.008791	0.0096	get 0.0012% / 1h	18m 05s	$308K	$736K	8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.114%Rate

Funding earned: $36.96
Price spread: +0.114% → 0.000%: $11.39
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: $41.35
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: 01 Exchange: no order-book sample; Lighter: live order book, 62 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 Lighter live order book, 62 min ago	2.30 bp	8.3 bp −$8	60.5 bp −$605	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
Kraken Futures PF_PENGUUSD	−0.0606%	1h	0.008800	+0.213%	$368K	$2.2M	50x	as long as short
Gate PENGU_USDT	−0.0290%	4h	0.008785	+0.046%	$3.4M	$15.6M	75x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0205%	1h	0.008793	+0.137%	$19K	$9K	10x	as long as short
Bybit PENGUUSDT	−0.0157%	4h	0.008787	+0.068%	$22.9M	$36.5M	75x	as long as short
01 Exchange PENGUUSDlong	−0.0080%	1h	0.008781	long leg	$201	$59	5x
Variational Omni PENGU	−0.0017%	4h	0.008789	+0.096%	$803K	$802K	—	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008796	+0.175%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.091%	$3K	$117K	5.5x	as long as short
Nado PENGU-PERP	+0.0090%	1h	0.008788	+0.080%	$684K	$759K	5x	as long as short
Lighter PENGUshort	+0.0096%	1h	0.008791	+0.114%	$308K	$736K	8x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid PENGU	+0.0100%	1h	0.008792	+0.125%	$8.7M	$15.0M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008797	+0.184%	$189K	$466K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008792	+0.125%	$152K	$239K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008793	+0.137%	$36.5M	$153.1M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008787	+0.068%	$7.7M	$47.2M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008790	+0.102%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008788	+0.080%	$12.7M	$12.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008795	+0.159%	$4.8M	$8.9M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008792	+0.125%	$8.4M	$12.6M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008781	0.000%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008787	+0.068%	$313K	$309K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008792	+0.124%	$460K	$2.3M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008803	+0.251%	$80K	$253K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008794	+0.148%	$23K	$186K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009003	+2.528%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008790	+0.102%	$996	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008816	+0.399%	$92K	$249K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008788	+0.083%	$181K	$682K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008790	+0.102%	$203K	$17K	3x	as long as short
dYdX PENGU-USD	+0.0125%	1h	0.008791	+0.117%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERP	+0.0237%	1h	0.008789	+0.091%	$297	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008784	+0.034%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0510% / S −0.0711%	1h	0.008797	+0.182%	$115K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2504%	1h	0.008945	+1.868%	$95K	$105K	50x	as long as short