PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0718%/8h= −78.7% APRnext payment −$0.90 per $10,000 · paid last 24h −0.147%

Price spread now: Deribit against GMX−0.080%7-day average — · you buy dearer than you sell

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

Long on GMX Short on Deribit

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

Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Deribit is 0.080% cheaper against GMX than usual: you would sell low and buy high (−$8 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	GMX PENGU/USD [WBTC.b-USDC]	0.008734	L +0.0510% / S −0.0582%	pay 0.0064% / 1h	42m 00s	$119K	—	100x
Short	Deribit PENGU_USDC-PERPETUAL	0.008727	−0.0208	pay 0.0026% / 1h	42m 00s	$18K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against GMX. 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 GMXbpFee DeribitbpOrdersPrice spread, now −0.080%Rate

Funding earned: −$150.88
Price spread: −0.080% → 0.000%: −$8.01
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$177.89
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Deribit: 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 GMX no order-book sample	—	—	—	—	—
Sell Deribit no order-book sample	—	—	—	—	—

GMX and Deribit: 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-PERPETUALshort	−0.0208%	1h	0.008727	−0.080%	$18K	$10K	10x
01 Exchange PENGUUSD	−0.0008%	1h	0.008744	+0.114%	$200	$64	5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008736	+0.021%	$32K	—	150x	as long as short
Gate PENGU_USDT	+0.0028%	4h	0.008716	−0.206%	$3.3M	$15.6M	75x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.630%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008737	+0.034%	$310K	$709K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008731	−0.034%	$23K	$165K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008738	+0.046%	$586K	$1.0M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008731	−0.034%	$8.1M	$14.6M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008737	+0.030%	$131K	$576K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PENGU	+0.0100%	1h	0.008752	+0.206%	$154K	$243K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008709	−0.283%	$36.4M	$159.5M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008709	−0.286%	$23.2M	$38.6M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008706	−0.321%	$7.5M	$46.1M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008750	+0.183%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008712	−0.252%	$11.5M	$12.3M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008728	−0.069%	$4.8M	$9.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008714	−0.229%	$8.2M	$12.4M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008716	−0.206%	—	$3.6M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008729	−0.057%	$299K	$275K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008701	−0.378%	$863K	$986K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008688	−0.523%	$455K	$2.0M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008710	−0.275%	$79K	$243K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008940	+2.359%	$2K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008731	−0.034%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008774	+0.458%	$91K	$348K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008707	−0.306%	$180K	$944K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008720	−0.160%	$201K	—	3x	as long as short
dYdX PENGU-USD	+0.0200%	1h	0.008750	+0.181%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008731	−0.038%	$295	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008749	+0.172%	$1.5M	$3.3M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]long	L +0.0510% / S −0.0582%	1h	0.008734	long leg	$119K	—	100x
Kraken Futures PF_PENGUUSD	+0.0651%	1h	0.008742	+0.088%	$358K	$2.3M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2296%	1h	0.008967	+2.668%	$95K	$94K	50x	as long as short