PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0408%/8h= +44.7% APRnext payment +$0.51 per $10,000 · paid last 24h +0.142%

Price spread now: GMX against gTrade (Gains Network)+0.004%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on GMX

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—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$12 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) PENGU/USD	0.008806	L +0.0007% / S −0.0003%	pay 0.0001% / 1h	57m 13s	$32K	—	150x
Short	GMX PENGU/USD [WBTC.b-USDC]	0.008806	L +0.0498% / S −0.0415%	get 0.0052% / 1h	57m 13s	$125K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee GMXbpOrdersPrice spread, now +0.004%Rate

Funding earned: $85.64
Price spread: +0.004% → 0.000%: $0.42
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $64.06
Costs to cover: 0.220%
Break-even: 1.8 days

Slippage unknown: gTrade (Gains Network): no order-book sample; 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

gTrade (Gains Network) and 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
dYdX PENGU-USD	0.0000%	1h	0.008777	−0.331%	$12K	$5K	5x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008810	+0.050%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USDlong	L +0.0007% / S −0.0003%	1h	0.008806	long leg	$32K	—	150x
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.189%	$3K	$117K	5.5x	as long as short
Gate PENGU_USDT	+0.0090%	4h	0.008807	+0.016%	$3.3M	$16.4M	75x	as long as short
Lighter PENGU	+0.0096%	1h	0.008815	+0.106%	$320K	$749K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008802	−0.047%	$591K	$1.1M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008808	+0.027%	$8.1M	$15.4M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008812	+0.070%	$119K	$667K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008787	−0.212%	$133K	$274K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PENGUUSDT	+0.0100%	4h	0.008818	+0.140%	$37.1M	$175.2M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008811	+0.061%	$23.5M	$41.6M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008816	+0.118%	$7.6M	$50.1M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008800	−0.064%	$19K	$25K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008818	+0.140%	$10.5M	$12.5M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008814	+0.095%	$4.9M	$9.6M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008816	+0.118%	$8.5M	$13.2M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008800	−0.064%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008765	−0.461%	$290K	$337K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008756	−0.564%	$915K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008771	−0.393%	$465K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008758	−0.541%	$79K	$251K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008808	+0.027%	$23K	$134K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009027	+2.514%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008815	+0.106%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008804	−0.019%	$91K	$378K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008812	+0.068%	$181K	$869K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008802	−0.041%	$203K	—	3x	as long as short
01 Exchange PENGUUSD	+0.0192%	1h	0.008809	+0.038%	$202	$64	5x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008802	−0.044%	$297	—	10x	as long as short
Kraken Futures PF_PENGUUSD	+0.0320%	1h	0.008818	+0.143%	$323K	$2.4M	50x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008810	+0.050%	$1.5M	$4.1M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]short	L +0.0498% / S −0.0415%	1h	0.008806	+0.004%	$125K	—	100x
Coinbase International PENGU-PERP-INTX	+0.1752%	1h	0.008886	+0.913%	$94K	$59K	50x	as long as short