PENGU

Alert

Funding spread now, next payment 18:00 UTC−0.0394%/8h

paid, last 24h−0.072%paid, last 3 days−0.055%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 -0.055% in total (about -6.9% 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]	0.008699	L +0.0494% / S −0.0678%	pay 0.0062% / 1h	21m 48s	$109K	—	100x
Short	BingX PENGU-USDC	0.008676	0.0100	get 0.0050% / 4h	2h 21m	—	$2.3M	—

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee BingXbpOrdersRate

Funding earned: −$82.71
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$104.71
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; BingX: live order book, 3 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.264%
Avg gap 7d: −0.090%

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 BingX live order book, 3 min ago	1.73 bp	14.4 bp −$14	42.3 bp −$423	230.7 bp −$23.1K	904.1 bp −$452.0K

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	−0.0134%	4h	$3.6M	$12.9M	75x	as long as short
dYdX PENGU-USD	0.0000%	1h	$11K	$5K	5x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	$20K	$7K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	$33K	—	150x	as long as short
Lighter PENGU	+0.0096%	1h	$312K	$481K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0098%	4h	$16K	$182K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	$635K	$674K	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	$9.8M	$11.8M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	$206K	$345K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	$204K	$131K	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Binance PENGUUSDT	+0.0100%	4h	$36.8M	$127.7M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	$22.1M	$27.0M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	$7.9M	$40.1M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	$19K	$23K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	$11.6M	$10.9M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	$5.2M	$7.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	$8.5M	$9.7M	75x	as long as short
BingX PENGU-USDCshort	+0.0100%	4h	—	$2.3M	—
Backpack PENGU_USDC_PERP	+0.0100%	1h	$307K	$306K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	$774K	$528K	—	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	$79K	$252K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	$3K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	$984	$14K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	$101K	$207K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	$180K	$677K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	$201K	$17K	3x	as long as short
01 Exchange PENGUUSD	+0.0176%	1h	$167	$28	5x	as long as short
Reya PENGURUSDPERP	+0.0236%	1h	$294	—	10x	as long as short
Kraken Futures PF_PENGUUSD	+0.0286%	1h	$366K	$856K	50x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	$1.5M	$1.5M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]long	L +0.0494% / S −0.0678%	1h	$109K	—	100x
Coinbase International PENGU-PERP-INTX	+0.2968%	1h	$93K	$128K	50x	as long as short
Injective PENGU/USDC PERP	+0.4551%	1h	$3K	$51K	5.5x	as long as short