PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0443%/8h= −48.5% APRnext payment −$0.55 per $10,000 · paid last 24h −0.078%

Price spread now: 01 Exchange against GMX+0.056%7-day average — · you sell dearer than you buy

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

Long on GMX Short on 01 Exchange

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 pays, funding is against you. 01 Exchange is 0.056% dearer against GMX than usual: you sell high and buy low (spread +0.056% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX PENGU/USD [WBTC.b-USDC]	0.008908	L +0.0507% / S −0.0698%	pay 0.0063% / 1h	34m 47s	$114K	—	100x
Short	01 Exchange PENGUUSD	0.008913	0.0064	get 0.0008% / 1h	34m 47s	$204	$59	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.056%Rate

Funding earned: −$93
Price spread: +0.056% → 0.000%: $5.61
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$106.38
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; 01 Exchange: 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 01 Exchange no order-book sample	—	—	—	—	—

GMX and 01 Exchange: 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	−0.0265%	1h	0.008914	+0.068%	$403K	$2.1M	50x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0199%	1h	0.008906	−0.022%	$21K	$8K	10x	as long as short
Injective PENGU/USDC PERP	−0.0151%	1h	0.008884	−0.269%	$3K	$51K	5.5x	as long as short
Gate PENGU_USDT	−0.0080%	4h	0.008898	−0.112%	$3.6M	$14.5M	75x	as long as short
dYdX PENGU-USD	0.0000%	1h	0.008907	−0.011%	$12K	$5K	5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008910	+0.021%	$34K	—	150x	as long as short
01 Exchange PENGUUSDshort	+0.0064%	1h	0.008913	+0.056%	$204	$59	5x
Lighter PENGU	+0.0096%	1h	0.008904	−0.045%	$332K	$643K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008908	0.000%	$684K	$739K	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008918	+0.112%	$10.7M	$13.4M	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	0.008909	+0.007%	$176K	$408K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008914	+0.067%	$150K	$228K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008893	−0.171%	$37.6M	$144.9M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008889	−0.213%	$23.6M	$33.2M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008890	−0.202%	$8.1M	$45.9M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008910	+0.022%	$20K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008900	−0.090%	$13.1M	$12.0M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008901	−0.079%	$4.9M	$8.4M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008910	+0.022%	$8.3M	$11.8M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008889	−0.213%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008901	−0.079%	$316K	$315K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008899	−0.105%	$838K	$606K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008902	−0.071%	$466K	$2.4M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008874	−0.382%	$81K	$253K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008906	−0.022%	$21K	$186K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009118	+2.357%	$2K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008900	−0.090%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008941	+0.370%	$98K	$231K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008899	−0.100%	$182K	$680K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008900	−0.090%	$206K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0237%	1h	0.008901	−0.081%	$301	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008907	−0.011%	$1.5M	$2.6M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]long	L +0.0507% / S −0.0698%	1h	0.008908	long leg	$114K	—	100x
Coinbase International PENGU-PERP-INTX	+0.3264%	1h	0.008935	+0.303%	$94K	$97K	50x	as long as short