PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0256%/8h= +28.0% APRnext payment +$0.32 per $10,000 · paid last 24h +0.121%

Price spread now: GMX against Lighter−0.077%7-day average −0.013% · you buy dearer than you sell

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

Long on Lighter Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.258%+$26 on $10k

Price spread, last 4 days (all we have)+0.072%+$7 · spread now −0.077%, 7d avg −0.013%

Together, before fees+0.330%+ Points / potential airdropLighter: Season 3 · farm board+$33 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.064% cheaper against Lighter than usual: you would sell low and buy high (spread −0.077% now, against its 7-day average of −0.013%). If the spread goes back, that is −$6 on $10k: about 20 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PENGU	0.009139	0.0096	pay 0.0012% / 1h	16m 49s	$330K	$773K	8x
Short	GMX PENGU/USD [WBTC.b-USDC]	0.009132	L +0.0434% / S −0.0352%	get 0.0044% / 1h	16m 49s	$105K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Lighter. 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 LighterbpFee GMXbpOrdersPrice spread, now −0.077%Rate

Funding earned: $53.76
Price spread: −0.077% → −0.013%: −$6.39
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $35.37
Costs to cover: 0.120%
Break-even: 2.4 days

Slippage unknown: Lighter: live order book, 18 min ago; GMX: 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 Lighter live order book, 18 min ago	7.09 bp	35.5 bp −$36	91.3 bp −$913	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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 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/USD	L +0.0007% / S −0.0003%	1h	0.009129	−0.106%	$34K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−3.830%	$3K	$117K	5.5x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0078%	1h	0.009136	−0.033%	$1K	$29K	10x	as long as short
Lighter PENGUlong	+0.0096%	1h	0.009139	long leg	$330K	$773K	8x
Nado PENGU-PERP	+0.0100%	1h	0.009128	−0.115%	$642K	$1.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009143	+0.044%	$146K	$730K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009150	+0.120%	$138K	$267K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009140	+0.013%	$40.3M	$194.3M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009151	+0.131%	$24.6M	$45.9M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009150	+0.120%	$8.2M	$57.2M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus PENGU-USD	+0.0100%	1h	0.009150	+0.120%	$18K	$25K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.009134	−0.055%	$3.7M	$18.1M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009136	−0.033%	$11.3M	$13.1M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009130	−0.098%	$5.1M	$10.4M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009160	+0.230%	$9.0M	$14.5M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.009136	−0.033%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009132	−0.077%	$316K	$382K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009113	−0.286%	$907K	$1.2M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009149	+0.107%	$480K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009155	+0.175%	$80K	$252K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009131	−0.088%	$23K	$297K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009353	+2.342%	$3K	$2.2M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009134	−0.055%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009163	+0.263%	$95K	$414K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009130	−0.094%	$187K	$744K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009129	−0.109%	$211K	—	3x	as long as short
Hyperliquid PENGU	+0.0202%	1h	0.009146	+0.077%	$9.3M	$16.6M	5x	as long as short
Reya PENGURUSDPERP	+0.0240%	1h	0.009129	−0.107%	$308	—	10x	as long as short
01 Exchange PENGUUSD	+0.0328%	1h	0.009156	+0.186%	$209	$41	5x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009131	−0.088%	$1.6M	$5.0M	75x	as long as short
dYdX PENGU-USD	+0.0385%	1h	0.009157	+0.192%	$12K	$6K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]short	L +0.0434% / S −0.0352%	1h	0.009132	−0.077%	$105K	—	100x
Kraken Futures PF_PENGUUSD	+0.0534%	1h	0.009140	+0.011%	$354K	$2.6M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1928%	1h	0.009196	+0.624%	$81K	$74K	50x	as long as short