PENGU

Alert

Funding spread now, next payment 17:00 UTC−0.0392%/8h

paid, last 24h−0.069%paid, last 3 days−0.052%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 -0.052% in total (about -6.7% 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	GMX PENGU/USD [WBTC.b-USDC]	0.008637	L +0.0492% / S −0.0660%	pay 0.0061% / 1h	22m 42s	$109K	—	100x
Short	Aster PENGUUSDT	0.008650	0.0100	get 0.0050% / 4h	3h 22m	$178K	$344K	20x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee AsterbpOrdersRate

Funding earned: −$82.28
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$102.28
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Aster: live order book, 21 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.155%
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 GMX no order-book sample	—	—	—	—	—
Sell Aster live order book, 21 min ago	5.01 bp	11.4 bp −$11	50.9 bp −$509	doesn't fit	doesn't fit

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
Gate PENGU_USDT	−0.0038%	4h	$3.6M	$12.2M	75x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	$19K	$7K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	$34K	—	150x	as long as short
Lighter PENGU	+0.0096%	1h	$309K	$471K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0098%	4h	$16K	$186K	20x	as long as short
Aster PENGUUSDTshort	+0.0100%	4h	$178K	$344K	20x
Pacifica PENGU	+0.0100%	1h	$203K	$129K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	$37.0M	$125.4M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	$22.0M	$26.5M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	$7.7M	$39.6M	50x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Arcus PENGU-USD	+0.0100%	1h	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	$11.3M	$10.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	$5.1M	$7.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	$8.4M	$9.3M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	—	$4.1M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	$309K	$308K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	$678K	$389K	—	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	$79K	$253K	50x	as long as short
Nado PENGU-PERP	+0.0100%	1h	$626K	$631K	5x	as long as short
SunX PENGU-USDT	+0.0100%	4h	$2K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	$965	$14K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	$100K	$221K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	$177K	$679K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	$199K	$17K	3x	as long as short
Kraken Futures PF_PENGUUSD	+0.0122%	1h	$362K	$854K	50x	as long as short
Reya PENGURUSDPERP	+0.0235%	1h	$292	—	10x	as long as short
01 Exchange PENGUUSD	+0.0248%	1h	$167	$28	5x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	$1.6M	$1.5M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]long	L +0.0492% / S −0.0660%	1h	$109K	—	100x
Hyperliquid PENGU	+0.0536%	1h	$9.7M	$9.4M	5x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2912%	1h	$95K	$133K	50x	as long as short
Injective PENGU/USDC PERP	+0.5000%	1h	$3K	$91K	5.5x	as long as short
dYdX PENGU-USD	+1.0826%	1h	$11K	$5K	5x	as long as short