PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0268%/8h= −29.3% APRnext payment −$0.34 per $10,000 · paid last 24h −0.001%

Price spread now: Nado 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

Long on 01 Exchange Short on Nado

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 airdropNado: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Nado 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	0.009106	0.0368	pay 0.0046% / 1h	35m 22s	$208	$41	5x
Short	Nado PENGU-PERP	0.009096	0.0100	get 0.0012% / 1h	35m 22s	$647K	$1.1M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.110%Rate

Funding earned: −$56.28
Price spread: −0.110% → 0.000%: −$10.98
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$81.26
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Nado: live order book, 3 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 Nado live order book, 3 min ago	1.64 bp	8.9 bp −$9	26.0 bp −$260	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
Gate PENGU_USDT	−0.0196%	4h	0.009090	−0.176%	$3.7M	$17.8M	75x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.009085	−0.228%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−3.481%	$3K	$117K	5.5x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0079%	1h	0.009121	+0.165%	$1K	$29K	10x	as long as short
Lighter PENGU	+0.0096%	1h	0.009102	−0.044%	$331K	$756K	8x	as long as short
Nado PENGU-PERPshort	+0.0100%	1h	0.009096	−0.110%	$647K	$1.1M	5x
Hyperliquid PENGU	+0.0100%	1h	0.009093	−0.143%	$9.3M	$16.8M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009101	−0.051%	$133K	$761K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009097	−0.099%	$137K	$274K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009095	−0.116%	$40.2M	$196.4M	75x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit PENGUUSDT	+0.0100%	4h	0.009084	−0.242%	$24.6M	$46.9M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009084	−0.242%	$8.2M	$58.1M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009090	−0.176%	$18K	$26K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009090	−0.176%	$11.6M	$13.0M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009093	−0.143%	$5.1M	$10.5M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009095	−0.121%	$8.8M	$15.1M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.009097	−0.099%	—	$3.8M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009105	−0.011%	$316K	$388K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009099	−0.077%	$940K	$1.2M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009097	−0.099%	$474K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009132	+0.286%	$80K	$252K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009113	+0.077%	$23K	$325K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009318	+2.328%	$3K	$2.2M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009118	+0.132%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009126	+0.220%	$95K	$414K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009097	−0.095%	$190K	$744K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009114	+0.088%	$211K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0241%	1h	0.009113	+0.074%	$308	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009131	+0.275%	$1.6M	$5.3M	75x	as long as short
01 Exchange PENGUUSDlong	+0.0368%	1h	0.009106	long leg	$208	$41	5x
Kraken Futures PF_PENGUUSD	+0.0378%	1h	0.009123	+0.186%	$351K	$2.7M	50x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0432% / S −0.0351%	1h	0.009111	+0.055%	$104K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2088%	1h	0.009211	+1.153%	$81K	$73K	50x	as long as short
dYdX PENGU-USD	+0.2255%	1h	0.009100	−0.065%	$16K	$11K	5x	as long as short