PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0440%/8h= −48.2% APRnext payment −$0.55 per $10,000 · paid last 24h −0.125%

Price spread now: gTrade (Gains Network) against GMX−0.398%61s7-day average — · you buy dearer than you sell

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

Long on GMX Short on gTrade (Gains Network)

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

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and gTrade (Gains Network) is 0.398% cheaper against GMX than usual: you would sell low and buy high (−$40 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX PENGU/USD [WBTC.b-USDC]	0.009045	L +0.0443% / S −0.0368%	pay 0.0055% / 1h	27m 13s	$107K	—	100x
Short	gTrade (Gains Network) PENGU/USD	0.009009	L +0.0007% / S −0.0003%	get 0.0000% / 1h	27m 13s	$33K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against GMX. 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 GMXbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.398%Rate

Funding earned: −$92.35
Price spread: −0.398% → 0.000%: −$39.8
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$154.15
Costs to cover: 0.220%
Break-even: never at this rate

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

GMX and gTrade (Gains Network): 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
gTrade (Gains Network) PENGU/USDshort	L +0.0007% / S −0.0003%	1h	0.009009	−0.398%	$33K	—	150x
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−2.830%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.009057	+0.133%	$325K	$768K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009048	+0.033%	$637K	$1.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009055	+0.111%	$143K	$716K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009042	−0.033%	$136K	$276K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009056	+0.116%	$39.6M	$188.9M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009046	+0.011%	$24.0M	$44.1M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009050	+0.055%	$8.0M	$54.6M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009050	+0.055%	$18K	$25K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate PENGU_USDT	+0.0100%	4h	0.009045	0.000%	$3.4M	$17.2M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009052	+0.077%	$11.0M	$12.9M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009051	+0.066%	$5.1M	$10.2M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009056	+0.122%	$8.7M	$13.9M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.009044	−0.011%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009052	+0.077%	$309K	$362K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009012	−0.366%	$918K	$1.1M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009024	−0.236%	$474K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009019	−0.287%	$79K	$252K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009050	+0.055%	$23K	$225K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009264	+2.421%	$3K	$2.2M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009050	+0.055%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009054	+0.100%	$93K	$404K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009048	+0.032%	$185K	$526K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009045	0.000%	$209K	—	3x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0192%	1h	0.009052	+0.077%	$1K	$29K	10x	as long as short
Reya PENGURUSDPERP	+0.0240%	1h	0.009011	−0.379%	$304	—	10x	as long as short
Hyperliquid PENGU	+0.0274%	1h	0.009060	+0.166%	$9.1M	$16.2M	5x	as long as short
01 Exchange PENGUUSD	+0.0336%	1h	0.009054	+0.100%	$207	$60	5x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009048	+0.033%	$1.6M	$4.9M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]long	L +0.0443% / S −0.0368%	1h	0.009045	long leg	$107K	—	100x
dYdX PENGU-USD	+0.0640%	1h	0.009038	−0.079%	$12K	$6K	5x	as long as short
Kraken Futures PF_PENGUUSD	+0.0674%	1h	0.009056	+0.117%	$337K	$2.5M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1664%	1h	0.009151	+1.172%	$81K	$69K	50x	as long as short