PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0247%/8h= +27.0% APRnext payment +$0.31 per $10,000 · paid last 24h +0.123%

Price spread now: GMX against Aevo−0.055%7-day average +0.064% · you buy dearer than you sell

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

Long on Aevo Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.253%+$25 on $10k

Price spread, last 4 days (all we have)+0.144%+$14 · spread now −0.055%, 7d avg +0.064%

Together, before fees+0.397%+$40 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.119% cheaper against Aevo than usual: you would sell low and buy high (spread −0.055% now, against its 7-day average of +0.064%). If the spread goes back, that is −$12 on $10k: about 39 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo PENGU-PERP	0.009072	0.0104	pay 0.0013% / 1h	32m 57s	$210K	—	3x
Short	GMX PENGU/USD [WBTC.b-USDC]	0.009067	L +0.0431% / S −0.0351%	get 0.0044% / 1h	32m 57s	$104K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Aevo. 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 AevobpFee GMXbpOrdersPrice spread, now −0.055%Rate

Funding earned: $51.82
Price spread: −0.055% → +0.064%: −$11.88
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee GMX: 6 bp × 2 orders: −$12
Net: $11.94
Costs to cover: 0.280%
Break-even: 5.4 days

Slippage unknown: Aevo: live order book, 1 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 Aevo live order book, 1 min ago	60.54 bp	377.8 bp −$378	doesn't fit	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
Gate PENGU_USDT	−0.0220%	4h	0.009066	−0.066%	$3.7M	$17.9M	75x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.009076	+0.044%	$1K	$29K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.009075	+0.036%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−3.119%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.009082	+0.110%	$331K	$756K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009059	−0.143%	$644K	$1.1M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.009079	+0.077%	$9.3M	$16.8M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009068	−0.049%	$132K	$762K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009051	−0.231%	$137K	$274K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009067	−0.056%	$40.1M	$197.1M	75x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit PENGUUSDT	+0.0100%	4h	0.009061	−0.121%	$24.4M	$47.0M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009066	−0.066%	$8.2M	$58.1M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009060	−0.132%	$18K	$26K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009069	−0.033%	$11.5M	$13.0M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009071	−0.011%	$5.1M	$10.5M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009078	+0.066%	$8.8M	$15.1M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.009068	−0.044%	—	$3.8M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009068	−0.044%	$315K	$388K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009099	+0.298%	$940K	$1.2M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009076	+0.044%	$473K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009132	+0.661%	$80K	$252K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009070	−0.022%	$23K	$327K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009277	+2.260%	$3K	$2.2M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009068	−0.044%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009079	+0.077%	$95K	$416K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009069	−0.037%	$189K	$744K	10x	as long as short
Aevo PENGU-PERPlong	+0.0104%	1h	0.009072	long leg	$210K	—	3x
Reya PENGURUSDPERP	+0.0241%	1h	0.009065	−0.080%	$306	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009051	−0.231%	$1.6M	$5.2M	75x	as long as short
01 Exchange PENGUUSD	+0.0360%	1h	0.009066	−0.066%	$207	$41	5x	as long as short
Kraken Futures PF_PENGUUSD	+0.0380%	1h	0.009073	+0.006%	$337K	$2.7M	50x	as long as short
GMX PENGU/USD [WBTC.b-USDC]short	L +0.0431% / S −0.0351%	1h	0.009067	−0.055%	$104K	—	100x
Coinbase International PENGU-PERP-INTX	+0.2088%	1h	0.009211	+1.532%	$81K	$73K	50x	as long as short
dYdX PENGU-USD	+0.2418%	1h	0.009051	−0.233%	$21K	$18K	5x	as long as short