PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0407%/8h= −44.6% APRnext payment −$0.51 per $10,000 · paid last 24h −0.082%

Price spread now: Extended against GMX−0.077%7-day average −0.094% · you buy dearer than you sell

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

Long on GMX Short on Extended

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)−0.028%−$3 · spread now −0.077%, 7d avg −0.094%

Together, before fees−0.230%+ Points / potential airdropExtended: Active · farm board−$23 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.094%, 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	GMX PENGU/USD [WBTC.b-USDC]	0.008800	L +0.0511% / S −0.0711%	pay 0.0064% / 1h	12m 15s	$115K	—	100x
Short	Extended PENGU-USD	0.008793	0.0104	get 0.0013% / 1h	12m 15s	$181K	$682K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now −0.077%Rate

Funding earned: −$85.47
Price spread: −0.077% → −0.094%: $1.63
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$100.84
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Extended: live order book, 6 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 GMX no order-book sample	—	—	—	—	—
Sell Extended live order book, 6 min ago	1.71 bp	10.9 bp −$11	81.3 bp −$813	doesn't fit	doesn't fit

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	0.008804	+0.050%	$368K	$2.2M	50x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0318%	1h	0.008798	−0.023%	$19K	$9K	10x	as long as short
Gate PENGU_USDT	−0.0292%	4h	0.008795	−0.057%	$3.4M	$15.6M	75x	as long as short
Bybit PENGUUSDT	−0.0172%	4h	0.008791	−0.102%	$22.9M	$36.5M	75x	as long as short
01 Exchange PENGUUSD	−0.0104%	1h	0.008794	−0.068%	$201	$59	5x	as long as short
Variational Omni PENGU	−0.0046%	4h	0.008785	−0.166%	$802K	$802K	—	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008799	−0.008%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.125%	$3K	$117K	5.5x	as long as short
Nado PENGU-PERP	+0.0076%	1h	0.008794	−0.071%	$685K	$760K	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008796	−0.045%	$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	0.008802	+0.023%	$8.8M	$15.0M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008801	+0.006%	$189K	$467K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008797	−0.034%	$152K	$239K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008797	−0.034%	$36.5M	$153.2M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008785	−0.170%	$7.7M	$47.2M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008800	0.000%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008794	−0.068%	$12.7M	$12.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008800	0.000%	$4.8M	$8.9M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008799	−0.011%	$8.4M	$12.6M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008794	−0.068%	—	$3.9M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008789	−0.125%	$313K	$309K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008784	−0.182%	$459K	$2.3M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008788	−0.136%	$80K	$253K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008798	−0.023%	$23K	$186K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009006	+2.341%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008793	−0.080%	$999	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008806	+0.068%	$92K	$249K	25x	as long as short
Extended PENGU-USDshort	+0.0104%	1h	0.008793	−0.077%	$181K	$682K	10x
Aevo PENGU-PERP	+0.0104%	1h	0.008791	−0.102%	$203K	$17K	3x	as long as short
dYdX PENGU-USD	+0.0119%	1h	0.008797	−0.034%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERP	+0.0237%	1h	0.008794	−0.069%	$297	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008788	−0.136%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]long	L +0.0511% / S −0.0711%	1h	0.008800	long leg	$115K	—	100x
Coinbase International PENGU-PERP-INTX	+0.2504%	1h	0.008896	+1.091%	$95K	$105K	50x	as long as short