PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0315%/8h= +34.5% APRnext payment +$0.39 per $10,000 · paid last 24h +0.117%

Price spread now: GMX against Nado+0.079%7-day average +0.059% · you sell dearer than you buy

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

Long on Nado Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.311%+$31 on $10k

Price spread, last 4 days (all we have)+0.008%+$1 · spread now +0.079%, 7d avg +0.059%

Together, before fees+0.319%+ Points / potential airdropNado: Active · farm board+$32 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and GMX is 0.020% dearer against Nado than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado PENGU-PERP	0.008814	0.0100	pay 0.0012% / 1h	8m 24s	$591K	$1.1M	5x
Short	GMX PENGU/USD [WBTC.b-USDC]	0.008821	L +0.0499% / S −0.0415%	get 0.0052% / 1h	8m 24s	$126K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Nado. 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 NadobpFee GMXbpOrdersPrice spread, now +0.079%Rate

Funding earned: $66.12
Price spread: +0.079% → +0.059%: $2
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: $49.12
Costs to cover: 0.190%
Break-even: 1.8 days

Slippage unknown: Nado: live order book, 5 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 Nado live order book, 5 min ago	1.69 bp	10.2 bp −$10	26.3 bp −$263	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	0.008827	+0.147%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008823	+0.101%	$32K	—	150x	as long as short
Gate PENGU_USDT	+0.0012%	4h	0.008818	+0.045%	$3.3M	$16.5M	75x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.284%	$3K	$117K	5.5x	as long as short
dYdX PENGU-USD	+0.0059%	1h	0.008834	+0.232%	$12K	$5K	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008835	+0.238%	$321K	$753K	8x	as long as short
Nado PENGU-PERPlong	+0.0100%	1h	0.008814	long leg	$591K	$1.1M	5x
Hyperliquid PENGU	+0.0100%	1h	0.008822	+0.091%	$8.4M	$15.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008824	+0.116%	$119K	$661K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008831	+0.193%	$135K	$273K	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	0.008824	+0.116%	$37.4M	$173.6M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008821	+0.079%	$23.4M	$41.3M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008822	+0.091%	$7.6M	$49.8M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008830	+0.182%	$19K	$25K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008820	+0.068%	$10.7M	$12.7M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008819	+0.057%	$4.9M	$9.5M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008827	+0.147%	$8.5M	$13.1M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008819	+0.057%	—	$3.5M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008827	+0.147%	$295K	$327K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008857	+0.486%	$925K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008904	+1.021%	$472K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008904	+1.021%	$81K	$251K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008826	+0.136%	$23K	$125K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009037	+2.530%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008824	+0.113%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008836	+0.250%	$91K	$378K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008820	+0.070%	$182K	$869K	10x	as long as short
01 Exchange PENGUUSD	+0.0104%	1h	0.008828	+0.159%	$202	$64	5x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008819	+0.057%	$204K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008818	+0.044%	$298	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008835	+0.238%	$1.5M	$4.1M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]short	L +0.0499% / S −0.0415%	1h	0.008821	+0.079%	$126K	—	100x
Kraken Futures PF_PENGUUSD	+0.0620%	1h	0.008831	+0.192%	$323K	$2.4M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2704%	1h	0.008954	+1.588%	$94K	$59K	50x	as long as short