PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0410%/8h= −44.9% APRnext payment −$0.51 per $10,000 · paid last 24h −0.094%

Price spread now: Nado against GMX−0.011%7-day average −0.059% · you buy dearer than you sell

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

Long on GMX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.291%−$29 on $10k

Price spread, last 4 days (all we have)−0.160%−$16 · spread now −0.011%, 7d avg −0.059%

Together, before fees−0.451%+ Points / potential airdropNado: Active · farm board−$45 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.048% dearer against GMX than usual: you sell high and buy low (spread −0.011% now, against its 7-day average of −0.059%): +$5 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX PENGU/USD [WBTC.b-USDC]	0.008720	L +0.0510% / S −0.0582%	pay 0.0064% / 1h	40m 36s	$119K	—	100x
Short	Nado PENGU-PERP	0.008719	0.0100	get 0.0013% / 1h	40m 36s	$585K	$1.0M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.011%Rate

Funding earned: −$86.1
Price spread: −0.011% → −0.059%: $4.8
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$100.31
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Nado: live order book, 3 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 Nado live order book, 3 min ago	2.29 bp	8.0 bp −$8	79.0 bp −$790	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	−0.0209%	1h	0.008710	−0.115%	$18K	$10K	10x	as long as short
01 Exchange PENGUUSD	−0.0016%	1h	0.008709	−0.126%	$199	$64	5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008720	−0.003%	$32K	—	150x	as long as short
Gate PENGU_USDT	+0.0008%	4h	0.008719	−0.011%	$3.3M	$15.6M	75x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.791%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008725	+0.057%	$310K	$709K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008715	−0.057%	$23K	$165K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008718	−0.023%	$8.1M	$14.6M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008722	+0.028%	$131K	$577K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008721	+0.011%	$153K	$243K	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	0.008720	+0.001%	$36.5M	$159.6M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008719	−0.011%	$23.2M	$38.6M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008721	+0.011%	$7.5M	$46.2M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008720	0.000%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008720	0.000%	$11.5M	$12.3M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008718	−0.023%	$4.8M	$9.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008725	+0.057%	$8.2M	$12.4M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008713	−0.080%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008713	−0.080%	$299K	$275K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008712	−0.094%	$866K	$985K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008753	+0.383%	$457K	$2.0M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008758	+0.436%	$80K	$243K	50x	as long as short
Nado PENGU-PERPshort	+0.0100%	1h	0.008719	−0.011%	$585K	$1.0M	5x
SunX PENGU-USDT	+0.0100%	4h	0.008911	+2.190%	$2K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008710	−0.115%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008725	+0.057%	$91K	$348K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008719	−0.011%	$180K	$944K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008701	−0.218%	$201K	—	3x	as long as short
dYdX PENGU-USD	+0.0192%	1h	0.008715	−0.055%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008715	−0.062%	$294	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008710	−0.115%	$1.5M	$3.3M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]long	L +0.0510% / S −0.0582%	1h	0.008720	long leg	$119K	—	100x
Kraken Futures PF_PENGUUSD	+0.0652%	1h	0.008721	+0.008%	$356K	$2.3M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2296%	1h	0.008967	+2.833%	$95K	$94K	50x	as long as short