PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0343%/8h= +37.6% APRnext payment +$0.43 per $10,000 · paid last 24h +0.112%

Price spread now: GMX against Lighter−0.034%7-day average 0.000% · you buy dearer than you sell

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

Long on Lighter Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.242%+$24 on $10k

Price spread, last 4 days (all we have)−0.029%−$3 · spread now −0.034%, 7d avg 0.000%

Together, before fees+0.213%+ Points / potential airdropLighter: Season 3 · farm board+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.034% cheaper against Lighter than usual: you would sell low and buy high (spread −0.034% now, against its 7-day average of 0.000%). If the spread goes back, that is −$3 on $10k: about 8 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PENGU	0.008706	0.0096	pay 0.0012% / 1h	51m 03s	$310K	$712K	8x
Short	GMX PENGU/USD [WBTC.b-USDC]	0.008703	L +0.0509% / S −0.0439%	get 0.0055% / 1h	51m 03s	$128K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Lighter. 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 LighterbpFee GMXbpOrdersPrice spread, now −0.034%Rate

Funding earned: $72.08
Price spread: −0.034% → 0.000%: −$3.41
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $56.67
Costs to cover: 0.120%
Break-even: 1.5 days

Slippage unknown: Lighter: live order book, 4 min ago; GMX: 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 Lighter live order book, 4 min ago	4.57 bp	13.2 bp −$13	78.5 bp −$785	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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	0.0000%	1h	0.008703	−0.034%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008702	−0.042%	$32K	—	150x	as long as short
Gate PENGU_USDT	+0.0018%	4h	0.008700	−0.069%	$3.3M	$15.5M	75x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.953%	$3K	$117K	5.5x	as long as short
01 Exchange PENGUUSD	+0.0048%	1h	0.008702	−0.046%	$199	$64	5x	as long as short
Lighter PENGUlong	+0.0096%	1h	0.008706	long leg	$310K	$712K	8x
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008703	−0.034%	$23K	$131K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008706	−0.003%	$583K	$1.0M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008703	−0.034%	$8.1M	$14.7M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008703	−0.035%	$120K	$579K	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	0.008706	0.000%	$153K	$243K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008709	+0.034%	$36.2M	$161.2M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008700	−0.069%	$23.0M	$39.0M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008700	−0.069%	$7.2M	$46.4M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008700	−0.069%	$19K	$23K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008704	−0.023%	$11.1M	$12.2M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008704	−0.023%	$4.8M	$9.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008704	−0.023%	$8.2M	$12.3M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008701	−0.057%	—	$3.6M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008700	−0.069%	$297K	$293K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008695	−0.127%	$864K	$985K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008741	+0.405%	$459K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008743	+0.425%	$80K	$243K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008915	+2.401%	$3K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008701	−0.057%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008714	+0.092%	$91K	$372K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008697	−0.107%	$184K	$942K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008695	−0.126%	$201K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008700	−0.072%	$294	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008698	−0.092%	$1.5M	$3.5M	75x	as long as short
Kraken Futures PF_PENGUUSD	+0.0368%	1h	0.008708	+0.024%	$341K	$2.3M	50x	as long as short
dYdX PENGU-USD	+0.0416%	1h	0.008704	−0.024%	$11K	$5K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]short	L +0.0509% / S −0.0439%	1h	0.008703	−0.034%	$128K	—	100x
Coinbase International PENGU-PERP-INTX	+0.2928%	1h	0.008967	+2.998%	$95K	$61K	50x	as long as short