PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0607%/8h= +66.4% APRnext payment +$0.76 per $10,000 · paid last 24h +0.087%

Price spread now: GMX against Aevo+0.080%7-day average +0.069% · you sell dearer than you buy

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

Long on Aevo Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.202%+$20 on $10k

Price spread, last 3 days (all we have)+0.009%+$1 · spread now +0.080%, 7d avg +0.069%

Together, before fees+0.211%+$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.069%, so right now this pair is about funding alone: +$18 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo PENGU-PERP	0.008787	0.0104	pay 0.0013% / 1h	11m 25s	$203K	$17K	3x
Short	GMX PENGU/USD [WBTC.b-USDC]	0.008794	L +0.0511% / S −0.0711%	get 0.0089% / 1h	11m 25s	$115K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Aevo. 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 AevobpFee GMXbpOrdersPrice spread, now +0.080%Rate

Funding earned: $127.44
Price spread: +0.080% → +0.069%: $1.06
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee GMX: 6 bp × 2 orders: −$12
Net: $100.49
Costs to cover: 0.280%
Break-even: 1.5 days

Slippage unknown: Aevo: live order book, 7 min ago; GMX: 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 Aevo live order book, 7 min ago	17.08 bp	44.6 bp −$45	257.2 bp −$2,572	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	+0.144%	$368K	$2.2M	50x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0318%	1h	0.008792	+0.057%	$19K	$9K	10x	as long as short
Gate PENGU_USDT	−0.0294%	4h	0.008786	−0.011%	$3.4M	$15.6M	75x	as long as short
Bybit PENGUUSDT	−0.0180%	4h	0.008784	−0.034%	$22.9M	$36.5M	75x	as long as short
01 Exchange PENGUUSD	−0.0112%	1h	0.008786	−0.011%	$201	$59	5x	as long as short
Variational Omni PENGU	−0.0046%	4h	0.008785	−0.018%	$802K	$802K	—	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008795	+0.089%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.023%	$3K	$117K	5.5x	as long as short
Nado PENGU-PERP	+0.0074%	1h	0.008790	+0.034%	$684K	$760K	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008797	+0.114%	$309K	$736K	8x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid PENGU	+0.0100%	1h	0.008795	+0.091%	$8.8M	$15.0M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008797	+0.112%	$189K	$467K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008794	+0.080%	$152K	$239K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008789	+0.023%	$36.5M	$153.2M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008790	+0.034%	$7.6M	$47.2M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008790	+0.034%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008789	+0.023%	$12.7M	$12.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008792	+0.057%	$4.8M	$8.9M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008794	+0.080%	$8.4M	$12.6M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008779	−0.091%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008794	+0.080%	$314K	$309K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008788	+0.012%	$460K	$2.3M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008793	+0.068%	$80K	$253K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008791	+0.046%	$23K	$186K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009002	+2.447%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008789	+0.023%	$994	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008806	+0.216%	$92K	$249K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008787	−0.003%	$181K	$682K	10x	as long as short
Aevo PENGU-PERPlong	+0.0104%	1h	0.008787	long leg	$203K	$17K	3x
dYdX PENGU-USD	+0.0126%	1h	0.008797	+0.114%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERP	+0.0237%	1h	0.008788	+0.017%	$297	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008788	+0.011%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]short	L +0.0511% / S −0.0711%	1h	0.008794	+0.080%	$115K	—	100x
Coinbase International PENGU-PERP-INTX	+0.2504%	1h	0.008896	+1.240%	$95K	$105K	50x	as long as short