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 +0.114%

Price spread now: GMX against Arcus−0.191%7-day average — · you buy dearer than you sell

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

Long on Arcus 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 0.191% cheaper against Arcus than usual: you would sell low and buy high (spread −0.191% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 2.0 days of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus PENGU-USD	0.008920	0.0100	pay 0.0013% / 1h	25m 22s	$19K	$25K	5x
Short	GMX PENGU/USD [WBTC.b-USDC]	0.008903	L +0.0502% / S −0.0415%	get 0.0052% / 1h	25m 22s	$127K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Arcus. 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 ArcusbpFee GMXbpOrdersPrice spread, now −0.191%Rate

Funding earned: $66.12
Price spread: −0.191% → 0.000%: −$19.06
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee GMX: 6 bp × 2 orders: −$12
Net: $30.56
Costs to cover: 0.165%
Break-even: 3.8 days

Slippage unknown: Arcus: 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 Arcus no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Arcus 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
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008906	−0.157%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008917	−0.038%	$33K	—	150x	as long as short
Gate PENGU_USDT	+0.0030%	4h	0.008914	−0.067%	$3.3M	$16.4M	75x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−1.469%	$3K	$117K	5.5x	as long as short
dYdX PENGU-USD	+0.0034%	1h	0.008918	−0.020%	$12K	$5K	5x	as long as short
01 Exchange PENGUUSD	+0.0080%	1h	0.008924	+0.045%	$204	$64	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008920	0.000%	$325K	$751K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008911	−0.101%	$598K	$1.0M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008920	0.000%	$8.5M	$15.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008919	−0.007%	$137K	$642K	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	0.008916	−0.045%	$136K	$272K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008917	−0.036%	$38.1M	$172.1M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008911	−0.101%	$23.7M	$41.0M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008913	−0.078%	$7.8M	$50.0M	50x	as long as short
Arcus PENGU-USDlong	+0.0100%	1h	0.008920	long leg	$19K	$25K	5x
MEXC PENGU_USDT	+0.0100%	4h	0.008916	−0.045%	$10.9M	$12.7M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008915	−0.056%	$5.0M	$9.5M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008920	0.000%	$8.7M	$12.9M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008914	−0.067%	—	$3.5M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008901	−0.213%	$297K	$327K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008894	−0.293%	$928K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008959	+0.441%	$476K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008939	+0.213%	$81K	$251K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008908	−0.135%	$24K	$103K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009117	+2.209%	$2K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008905	−0.168%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008920	0.000%	$92K	$379K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008909	−0.124%	$185K	$939K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008896	−0.269%	$205K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008914	−0.067%	$301	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008939	+0.213%	$1.5M	$4.1M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]short	L +0.0502% / S −0.0415%	1h	0.008903	−0.191%	$127K	—	100x
Kraken Futures PF_PENGUUSD	+0.0614%	1h	0.008914	−0.068%	$349K	$2.4M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2704%	1h	0.008940	+0.224%	$94K	$62K	50x	as long as short