PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0466%/8h= +51.0% APRnext payment +$0.58 per $10,000 · paid last 24h +0.169%

Price spread now: GMX against Deribit0.000%7-day average — · you sell dearer than you buy

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

Long on Deribit 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$14 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit PENGU_USDC-PERPETUAL	0.008748	0	get 0.0000% / 1h	27m 13s	$17K	$12K	10x
Short	GMX PENGU/USD [WBTC.b-USDC]	0.008748	L +0.0500% / S −0.0466%	get 0.0058% / 1h	27m 13s	$121K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Deribit. 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 DeribitbpFee GMXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $97.88
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: $78.88
Costs to cover: 0.190%
Break-even: 1.4 days

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

Deribit 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-PERPETUALlong	0.0000%	1h	0.008748	long leg	$17K	$12K	10x
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008749	+0.009%	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.469%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008748	0.000%	$317K	$750K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008753	+0.057%	$587K	$1.1M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008758	+0.114%	$8.0M	$15.3M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008750	+0.019%	$120K	$667K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008755	+0.080%	$133K	$274K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008746	−0.027%	$36.8M	$177.0M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008737	−0.126%	$23.1M	$41.9M	75x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008741	−0.080%	$7.5M	$50.4M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008750	+0.023%	$18K	$25K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.008752	+0.046%	$3.3M	$16.5M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008744	−0.046%	$10.4M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008751	+0.034%	$4.9M	$9.7M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008752	+0.046%	$8.3M	$13.4M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008752	+0.046%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008753	+0.057%	$288K	$339K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008739	−0.101%	$912K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008762	+0.160%	$458K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008769	+0.240%	$79K	$250K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008751	+0.034%	$23K	$167K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008962	+2.446%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008744	−0.046%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008766	+0.206%	$91K	$392K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008741	−0.085%	$182K	$872K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008749	+0.011%	$202K	—	3x	as long as short
01 Exchange PENGUUSD	+0.0176%	1h	0.008756	+0.091%	$200	$64	5x	as long as short
dYdX PENGU-USD	+0.0187%	1h	0.008752	+0.043%	$12K	$6K	5x	as long as short
Reya PENGURUSDPERP	+0.0240%	1h	0.008751	+0.032%	$295	—	10x	as long as short
Kraken Futures PF_PENGUUSD	+0.0323%	1h	0.008749	+0.015%	$319K	$2.4M	50x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008745	−0.034%	$1.5M	$4.4M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]short	L +0.0500% / S −0.0466%	1h	0.008748	0.000%	$121K	—	100x
Coinbase International PENGU-PERP-INTX	+0.1752%	1h	0.008825	+0.880%	$78K	$76K	50x	as long as short