PENGU

Alert

Funding spread now, next payment 15:00 UTC+0.0264%/8h

paid, last 24h+0.058%paid, last 3 days+0.027%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 0.027% in total (about 3.5% 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	Bitget PENGUUSDT	0.008499	0.0100	pay 0.0050% / 4h	1h 03m	$8.4M	$7.5M	75x
Short	GMX PENGU/USD [WBTC.b-USDC]	0.008494	L +0.0386% / S −0.0364%	get 0.0046% / 1h	3m 05s	$84K	—	100x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee GMXbpOrdersRate

Funding earned: $55.52
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $31.52
Break-even: 3.0 days

Slippage unknown: Bitget: live order book, 2 min ago; GMX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.059%
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 Bitget live order book, 2 min ago	1.76 bp	12.3 bp −$12	31.4 bp −$314	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 33 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit PENGU_USDC-PERPETUAL	−0.0221%	1h	$21K	$4K	10x	as long as short
01 Exchange PENGUUSD	−0.0064%	1h	$164	$28	5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	$3K	$116K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	$297K	$438K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0096%	4h	$16K	$175K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	$219K	$276K	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	$8.2M	$6.2M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	$170K	$314K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	$199K	$122K	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Binance PENGUUSDT	+0.0100%	4h	$36.7M	$99.2M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	$21.0M	$20.3M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	$7.2M	$31.8M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	$4K	$9K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	$3.6M	$8.0M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	$11.8M	$8.9M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	$4.7M	$6.5M	75x	as long as short
Bitget PENGUUSDTlong	+0.0100%	4h	$8.4M	$7.5M	75x
BingX PENGU-USDT	+0.0100%	4h	—	$3.7M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	$293K	$257K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	$684K	$284K	—	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	$73K	$251K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	$2K	$1.6M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	$957	$14K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	$95K	$181K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	$163K	$638K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	$196K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0235%	1h	$287	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	$1.5M	$854K	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]short	L +0.0386% / S −0.0364%	1h	$84K	—	100x
dYdX PENGU-USD	+0.0515%	1h	$10K	$998	5x	as long as short
Kraken Futures PF_PENGUUSD	+0.0638%	1h	$365K	$764K	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2088%	1h	$83K	$188K	50x	as long as short