PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0623%/8h= +68.2% APRnext payment +$0.78 per $10,000 · paid last 24h +0.100%

Price spread now: GMX against ApeX Omni+0.329%68s7-day average +0.018% · you sell dearer than you buy

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

Long on ApeX Omni Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.221%+$22 on $10k

Price spread, last 3 days (all we have)−0.202%−$20 · spread now +0.329%, 7d avg +0.018%

Together, before fees+0.019%+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and GMX is 0.311% dearer against ApeX Omni than usual: you sell high and buy low: +$31 more if the spread goes back to its 7-day average of +0.018%. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni PENGUUSDT	0.008820	0.0100	pay 0.0013% / 1h	25m 53s	$80K	$254K	50x
Short	GMX PENGU/USD [WBTC.b-USDC]	0.008849	L +0.0518% / S −0.0723%	get 0.0090% / 1h	25m 53s	$117K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against ApeX Omni. 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 ApeX OmnibpFee GMXbpOrdersPrice spread, now +0.329%Rate

Funding earned: $130.82
Price spread: +0.329% → +0.018%: $31.08
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $139.91
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: ApeX Omni: live order book, 46 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 ApeX Omni live order book, 46 min ago	5.75 bp	14.7 bp −$15	101.3 bp −$1,013	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
Kraken Futures PF_PENGUUSD	−0.0390%	1h	0.008858	+0.436%	$371K	$2.3M	50x	as long as short
Gate PENGU_USDT	−0.0230%	4h	0.008845	+0.283%	$3.4M	$15.6M	75x	as long as short
01 Exchange PENGUUSD	−0.0224%	1h	0.008839	+0.215%	$202	$59	5x	as long as short
Variational Omni PENGU	−0.0199%	4h	0.008842	+0.250%	$874K	$932K	—	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008851	+0.351%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008851	+0.347%	$34K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.351%	$3K	$117K	5.5x	as long as short
dYdX PENGU-USD	+0.0081%	1h	0.008833	+0.148%	$12K	$4K	5x	as long as short
Nado PENGU-PERP	+0.0090%	1h	0.008840	+0.227%	$700K	$767K	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008854	+0.385%	$309K	$728K	8x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008852	+0.363%	$24K	$175K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008850	+0.340%	$8.3M	$15.7M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008849	+0.329%	$190K	$481K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008839	+0.215%	$152K	$238K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008851	+0.352%	$37.0M	$154.7M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008844	+0.272%	$23.2M	$37.3M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008846	+0.295%	$7.6M	$47.5M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008850	+0.340%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008848	+0.317%	$13.0M	$12.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008849	+0.329%	$4.7M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008854	+0.385%	$8.4M	$12.7M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008842	+0.249%	—	$3.8M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008847	+0.306%	$307K	$322K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008836	+0.180%	$468K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDTlong	+0.0100%	1h	0.008820	long leg	$80K	$254K	50x
SunX PENGU-USDT	+0.0100%	4h	0.009055	+2.664%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008850	+0.340%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008874	+0.612%	$91K	$299K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008843	+0.261%	$182K	$973K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008845	+0.283%	$204K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008846	+0.293%	$299	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008812	−0.091%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]short	L +0.0518% / S −0.0723%	1h	0.008849	+0.329%	$117K	—	100x
Coinbase International PENGU-PERP-INTX	+0.1648%	1h	0.008863	+0.488%	$94K	$103K	50x	as long as short