PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0704%/8h= +77.1% APRnext payment +$0.88 per $10,000 · paid last 24h +0.116%

Price spread now: GMX against gTrade (Gains Network)+0.014%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)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: +$21 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) PENGU/USD	0.008780	L +0.0007% / S −0.0003%	pay 0.0001% / 1h	46m 02s	$33K	—	150x
Short	GMX PENGU/USD [WBTC.b-USDC]	0.008781	L +0.0509% / S −0.0711%	get 0.0089% / 1h	46m 02s	$114K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee GMXbpOrdersPrice spread, now +0.014%Rate

Funding earned: $147.8
Price spread: +0.014% → 0.000%: $1.38
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $127.18
Costs to cover: 0.220%
Break-even: 1.0 days

Slippage unknown: gTrade (Gains Network): 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

gTrade (Gains Network) 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
Kraken Futures PF_PENGUUSD	−0.0607%	1h	0.008792	+0.134%	$391K	$2.2M	50x	as long as short
Gate PENGU_USDT	−0.0312%	4h	0.008783	+0.037%	$3.4M	$15.5M	75x	as long as short
01 Exchange PENGUUSD	−0.0096%	1h	0.008773	−0.077%	$201	$59	5x	as long as short
Bybit PENGUUSDT	−0.0056%	4h	0.008786	+0.071%	$22.8M	$36.1M	75x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008787	+0.082%	$19K	$9K	10x	as long as short
gTrade (Gains Network) PENGU/USDlong	L +0.0007% / S −0.0003%	1h	0.008780	long leg	$33K	—	150x
Injective PENGU/USDC PERP	+0.0033%	1h	0.008715	−0.738%	$3K	$81K	5.5x	as long as short
Nado PENGU-PERP	+0.0077%	1h	0.008769	−0.117%	$679K	$758K	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008790	+0.116%	$300K	$726K	8x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008792	+0.139%	$8.7M	$15.0M	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PENGUUSDT	+0.0100%	4h	0.008788	+0.093%	$174K	$449K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008770	−0.112%	$148K	$236K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008795	+0.170%	$36.4M	$151.6M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008793	+0.150%	$7.7M	$47.0M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008770	−0.112%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008789	+0.105%	$13.1M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008786	+0.071%	$4.8M	$8.8M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008789	+0.105%	$8.4M	$12.5M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008772	−0.089%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008786	+0.071%	$313K	$309K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008761	−0.217%	$811K	$726K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008763	−0.190%	$458K	$2.3M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008766	−0.157%	$80K	$253K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008789	+0.105%	$23K	$186K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009001	+2.520%	$2K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008787	+0.082%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008791	+0.128%	$92K	$250K	25x	as long as short
dYdX PENGU-USD	+0.0103%	1h	0.008773	−0.075%	$12K	$4K	5x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008784	+0.049%	$180K	$682K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008790	+0.116%	$203K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0237%	1h	0.008773	−0.083%	$296	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008783	+0.037%	$1.5M	$2.7M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]short	L +0.0509% / S −0.0711%	1h	0.008781	+0.014%	$114K	—	100x
Coinbase International PENGU-PERP-INTX	+0.2504%	1h	0.008787	+0.082%	$94K	$99K	50x	as long as short