PENGU

Alert

Funding spread now, next payment 16:00 UTC−0.0289%/8h

next payment, per $10,000−$0.36paid, last 24h−0.067%paid, last 3 days−0.039%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 -0.039% in total (about -5.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.36 per $10,000. 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]	0.008617	L +0.0389% / S −0.0364%	pay 0.0049% / 1h	54m 23s	$85K	—	100x
Short	Pacifica PENGU	0.008626	0.0100	get 0.0013% / 1h	54m 23s	$202K	$124K	5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee PacificabpOrdersRate

Funding earned: −$60.69
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$80.69
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Pacifica: live order book, 60 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.104%
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 Pacifica live order book, 60 min ago	3.66 bp	14.8 bp −$15	doesn't fit	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
ApeX Omni PENGUUSDT	−0.0162%	1h	$75K	$250K	50x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0097%	1h	$22K	$4K	10x	as long as short
01 Exchange PENGUUSD	−0.0064%	1h	$166	$28	5x	as long as short
dYdX PENGU-USD	0.0000%	1h	$10K	$1K	5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	$3K	$116K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	$301K	$440K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0096%	4h	$17K	$175K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	$221K	$289K	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	$8.3M	$6.3M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster PENGUUSDT	+0.0100%	4h	$172K	$317K	20x	as long as short
Pacifica PENGUshort	+0.0100%	1h	$202K	$124K	5x
Binance PENGUUSDT	+0.0100%	4h	$37.0M	$102.4M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	$21.4M	$20.8M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	$7.4M	$32.9M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	$4K	$9K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	$3.7M	$8.3M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	$11.6M	$8.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	$4.8M	$6.5M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	$8.5M	$7.7M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	$298K	$263K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	$695K	$293K	—	as long as short
SunX PENGU-USDT	+0.0100%	4h	$3K	$1.7M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	$974	$14K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	$96K	$182K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	$188K	$661K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	$200K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0235%	1h	$291	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	$1.5M	$872K	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]long	L +0.0389% / S −0.0364%	1h	$85K	—	100x
Kraken Futures PF_PENGUUSD	+0.0526%	1h	$370K	$766K	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2520%	1h	$84K	$190K	50x	as long as short