PENGU

Alert

Funding spread now, next payment 14:00 UTC+0.0288%/8h

paid, last 24h+0.057%paid, last 3 days+0.049%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.049% in total (about 6.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PENGUUSDT	0.008348	0.0100	pay 0.0050% / 4h	2h 36m	$35.4M	$91.0M	75x
Short	GMX PENGU/USD [WBTC.b-USDC]	0.008353	L +0.0397% / S −0.0388%	get 0.0049% / 1h	36m 07s	$86K	—	100x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee GMXbpOrdersRate

Funding earned: $60.5
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $38.5
Break-even: 2.5 days

Slippage unknown: Binance: live order book, 8 min ago; GMX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.056%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Binance live order book, 8 min ago	0.60 bp	7.8 bp −$8	17.8 bp −$178	69.2 bp −$6,923	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 33 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	$22K	$3K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	$3K	$153K	5.5x	as long as short
Orderly PERP_PENGU_USDC	+0.0094%	4h	$16K	$172K	20x	as long as short
Lighter PENGU	+0.0096%	1h	$277K	$238K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	$213K	$246K	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	$166K	$299K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	$195K	$121K	5x	as long as short
Binance PENGUUSDTlong	+0.0100%	4h	$35.4M	$91.0M	75x
Bybit PENGUUSDT	+0.0100%	4h	$20.4M	$19.3M	75x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX PENGU-USDT-SWAP	+0.0100%	4h	$7.1M	$29.5M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	$4K	$31K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	$3.4M	$6.6M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	$12.0M	$8.2M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	$4.8M	$6.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	$8.4M	$7.1M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	$285K	$242K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	$702K	$253K	—	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	$72K	$252K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	$3K	$1.5M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	$926	$14K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	$93K	$202K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	$160K	$635K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	$193K	$17K	3x	as long as short
01 Exchange PENGUUSD	+0.0184%	1h	$161	$28	5x	as long as short
Reya PENGURUSDPERP	+0.0234%	1h	$282	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	$1.5M	$732K	75x	as long as short
Kraken Futures PF_PENGUUSD	+0.0375%	1h	$373K	$699K	50x	as long as short
GMX PENGU/USD [WBTC.b-USDC]short	L +0.0397% / S −0.0388%	1h	$86K	—	100x
Hyperliquid PENGU	+0.0523%	1h	$8.7M	$5.2M	5x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1152%	1h	$84K	$211K	50x	as long as short
dYdX PENGU-USD	+0.1804%	1h	$10K	$998	5x	as long as short