PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0142%/8h= +15.5% APRnext payment +$0.18 per $10,000 · paid last 24h −0.105%

Price spread now: Kraken Futures against GMX+0.090%7-day average +0.047% · you sell dearer than you buy

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

Long on GMX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.244%−$24 on $10k

Price spread, last 4 days (all we have)−0.099%−$10 · spread now +0.090%, 7d avg +0.047%

Together, before fees−0.343%−$34 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Kraken Futures is 0.043% dearer against GMX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.047%. Mind the row above: over the last 3 days funding on this pair cost −0.244%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX PENGU/USD [WBTC.b-USDC]	0.008725	L +0.0510% / S −0.0582%	pay 0.0064% / 1h	33m 56s	$119K	—	100x
Short	Kraken Futures PF_PENGUUSD	0.008733	0.0651	get 0.0081% / 1h	33m 56s	$354K	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.090%Rate

Funding earned: $29.72
Price spread: +0.090% → +0.047%: $4.3
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $12.01
Costs to cover: 0.220%
Break-even: 4.2 days

Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 5 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 Kraken Futures live order book, 5 min ago	6.88 bp	14.2 bp −$14	49.1 bp −$491	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
Deribit PENGU_USDC-PERPETUAL	−0.0208%	1h	0.008722	−0.034%	$18K	$10K	10x	as long as short
01 Exchange PENGUUSD	−0.0048%	1h	0.008726	+0.011%	$200	$64	5x	as long as short
Gate PENGU_USDT	−0.0026%	4h	0.008726	+0.011%	$3.3M	$15.6M	75x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008725	0.000%	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.734%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008730	+0.057%	$310K	$709K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008726	+0.011%	$22K	$166K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008722	−0.034%	$585K	$1.0M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008731	+0.069%	$8.1M	$14.6M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008734	+0.104%	$121K	$577K	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	0.008724	−0.011%	$153K	$243K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008725	+0.004%	$36.5M	$160.1M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008724	−0.011%	$23.2M	$38.7M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008729	+0.046%	$7.5M	$46.2M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008730	+0.057%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008726	+0.011%	$11.5M	$12.4M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008730	+0.057%	$4.8M	$9.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008731	+0.069%	$8.2M	$12.4M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008718	−0.080%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008725	0.000%	$299K	$275K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008738	+0.147%	$868K	$985K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008720	−0.061%	$466K	$2.0M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008717	−0.092%	$80K	$243K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008925	+2.292%	$2K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008724	−0.011%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008738	+0.149%	$91K	$349K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008724	−0.011%	$180K	$944K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008715	−0.115%	$201K	—	3x	as long as short
dYdX PENGU-USD	+0.0193%	1h	0.008722	−0.039%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008722	−0.033%	$295	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008744	+0.218%	$1.5M	$3.3M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]long	L +0.0510% / S −0.0582%	1h	0.008725	long leg	$119K	—	100x
Kraken Futures PF_PENGUUSDshort	+0.0651%	1h	0.008733	+0.090%	$354K	$2.3M	50x
Coinbase International PENGU-PERP-INTX	+0.2296%	1h	0.008967	+2.774%	$95K	$94K	50x	as long as short