PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0643%/8h= +70.4% APRnext payment +$0.80 per $10,000 · paid last 24h +0.080%

Price spread now: GMX against 01 Exchange−0.023%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on GMX

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

Funding pays, the price is against you. GMX is 0.023% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 3 hours of funding at the current rate (+$19 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange PENGUUSD	0.008676	0.0032	pay 0.0004% / 1h	47m 21s	$198	$59	5x
Short	GMX PENGU/USD [WBTC.b-USDC]	0.008674	L +0.0490% / S −0.0675%	get 0.0084% / 1h	47m 21s	$109K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against 01 Exchange. 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 01 ExchangebpFee GMXbpOrdersPrice spread, now −0.023%Rate

Funding earned: $135.03
Price spread: −0.023% → 0.000%: −$2.31
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: $113.72
Costs to cover: 0.190%
Break-even: 1.1 days

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

01 Exchange and 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
Kraken Futures PF_PENGUUSD	−0.0552%	1h	0.008667	−0.107%	$384K	$2.1M	50x	as long as short
Bybit PENGUUSDT	−0.0341%	4h	0.008661	−0.173%	$22.7M	$35.7M	75x	as long as short
Gate PENGU_USDT	−0.0336%	4h	0.008667	−0.104%	$3.4M	$15.3M	75x	as long as short
Backpack PENGU_USDC_PERP	−0.0260%	1h	0.008661	−0.173%	$309K	$315K	10x	as long as short
Injective PENGU/USDC PERP	−0.0110%	1h	0.008715	+0.450%	$3K	$81K	5.5x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0096%	1h	0.008674	−0.023%	$19K	$9K	10x	as long as short
dYdX PENGU-USD	0.0000%	1h	0.008668	−0.092%	$11K	$4K	5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008674	−0.027%	$33K	—	150x	as long as short
01 Exchange PENGUUSDlong	+0.0032%	1h	0.008676	long leg	$198	$59	5x
ApeX Omni PENGUUSDT	+0.0054%	1h	0.008649	−0.311%	$79K	$254K	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter PENGU	+0.0096%	1h	0.008665	−0.127%	$294K	$719K	8x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008679	+0.035%	$8.7M	$15.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008674	−0.023%	$171K	$448K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008666	−0.115%	$142K	$232K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008672	−0.048%	$35.8M	$150.8M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008663	−0.150%	$7.7M	$46.4M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008670	−0.069%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008672	−0.046%	$12.8M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008671	−0.058%	$4.7M	$8.6M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008675	−0.012%	$8.2M	$12.5M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008655	−0.242%	—	$2.3M	—	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008646	−0.351%	$794K	$712K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008654	−0.256%	$453K	$2.4M	10x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008664	−0.138%	$672K	$758K	5x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008673	−0.035%	$21K	$184K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008879	+2.340%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008666	−0.115%	$977	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008683	+0.081%	$91K	$248K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008666	−0.118%	$177K	$681K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008670	−0.069%	$200K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0237%	1h	0.008669	−0.076%	$293	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008660	−0.184%	$1.5M	$2.6M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]short	L +0.0490% / S −0.0675%	1h	0.008674	−0.023%	$109K	—	100x
Coinbase International PENGU-PERP-INTX	+0.2992%	1h	0.008903	+2.616%	$94K	$97K	50x	as long as short