PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0591%/8h= −64.7% APRnext payment −$0.74 per $10,000 · paid last 24h −0.081%

Price spread now: 01 Exchange against GMX−0.124%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 01 Exchange

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 −$18 a day on $10k at the current rate, and 01 Exchange is 0.124% cheaper against GMX than usual: you would sell low and buy high (−$12 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]	0.008837	L +0.0511% / S −0.0711%	pay 0.0064% / 1h	38m 14s	$115K	—	100x
Short	01 Exchange PENGUUSD	0.008826	−0.0080	pay 0.0010% / 1h	38m 14s	$202	$59	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.124%Rate

Funding earned: −$124.15
Price spread: −0.124% → 0.000%: −$12.45
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$155.6
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; 01 Exchange: 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 01 Exchange no order-book sample	—	—	—	—	—

GMX and 01 Exchange: 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	−0.0604%	1h	0.008827	−0.110%	$371K	$2.2M	50x	as long as short
Gate PENGU_USDT	−0.0320%	4h	0.008831	−0.068%	$3.5M	$15.5M	75x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0203%	1h	0.008822	−0.170%	$19K	$9K	10x	as long as short
Bybit PENGUUSDT	−0.0080%	4h	0.008808	−0.328%	$22.9M	$36.2M	75x	as long as short
01 Exchange PENGUUSDshort	−0.0080%	1h	0.008826	−0.124%	$202	$59	5x
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008837	−0.003%	$34K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008715	−1.381%	$3K	$81K	5.5x	as long as short
Variational Omni PENGU	+0.0082%	4h	0.008816	−0.232%	$839K	$768K	—	as long as short
Lighter PENGU	+0.0096%	1h	0.008819	−0.204%	$301K	$726K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008821	−0.175%	$683K	$757K	5x	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	0.008834	−0.034%	$8.8M	$15.0M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008836	−0.007%	$175K	$465K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008823	−0.158%	$151K	$238K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008817	−0.226%	$36.6M	$151.9M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008806	−0.351%	$7.7M	$47.1M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008820	−0.192%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008816	−0.238%	$12.9M	$12.7M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008816	−0.238%	$4.8M	$8.8M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008817	−0.226%	$8.4M	$12.6M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008812	−0.283%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008817	−0.226%	$314K	$309K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008825	−0.136%	$462K	$2.3M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008824	−0.147%	$80K	$253K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008833	−0.045%	$24K	$186K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009044	+2.342%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008816	−0.238%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008842	+0.057%	$92K	$249K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008827	−0.114%	$182K	$682K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008824	−0.147%	$204K	$17K	3x	as long as short
dYdX PENGU-USD	+0.0143%	1h	0.008824	−0.144%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERP	+0.0237%	1h	0.008828	−0.100%	$298	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008819	−0.204%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]long	L +0.0511% / S −0.0711%	1h	0.008837	long leg	$115K	—	100x
Coinbase International PENGU-PERP-INTX	+0.2504%	1h	0.008945	+1.222%	$95K	$105K	50x	as long as short