PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0251%/8h= +27.5% APRnext payment +$0.31 per $10,000 · paid last 24h +0.126%

Price spread now: GMX against Nado+0.290%7-day average +0.049% · you sell dearer than you buy

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

Long on Nado Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.324%+$32 on $10k

Price spread, last 4 days (all we have)−0.119%−$12 · spread now +0.290%, 7d avg +0.049%

Together, before fees+0.205%+ Points / potential airdropNado: Active · farm board+$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and GMX is 0.241% dearer against Nado than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of +0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado PENGU-PERP	0.009126	0.0100	pay 0.0012% / 1h	41m 39s	$649K	$1.1M	5x
Short	GMX PENGU/USD [WBTC.b-USDC]	0.009153	L +0.0432% / S −0.0351%	get 0.0044% / 1h	41m 39s	$104K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Nado. 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 NadobpFee GMXbpOrdersPrice spread, now +0.290%Rate

Funding earned: $52.66
Price spread: +0.290% → +0.049%: $24.12
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: $57.78
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: Nado: live order book, 2 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 Nado live order book, 2 min ago	2.19 bp	8.7 bp −$9	23.6 bp −$236	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	0.009150	+0.262%	$34K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−3.698%	$3K	$117K	5.5x	as long as short
Gate PENGU_USDT	+0.0056%	4h	0.009150	+0.257%	$3.8M	$17.8M	75x	as long as short
Lighter PENGU	+0.0096%	1h	0.009157	+0.334%	$330K	$747K	8x	as long as short
Nado PENGU-PERPlong	+0.0100%	1h	0.009126	long leg	$649K	$1.1M	5x
Hyperliquid PENGU	+0.0100%	1h	0.009157	+0.334%	$9.4M	$16.8M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009166	+0.436%	$132K	$751K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009160	+0.367%	$138K	$274K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009163	+0.401%	$40.4M	$196.7M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009157	+0.334%	$24.8M	$46.8M	75x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009157	+0.334%	$8.3M	$58.4M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009160	+0.367%	$19K	$26K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009164	+0.411%	$11.5M	$12.9M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009163	+0.400%	$5.1M	$10.6M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009158	+0.345%	$8.9M	$15.1M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.009148	+0.236%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009150	+0.257%	$314K	$388K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009105	−0.236%	$941K	$1.2M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009143	+0.181%	$484K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009145	+0.203%	$80K	$252K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009154	+0.301%	$24K	$324K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009337	+2.306%	$3K	$2.2M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009154	+0.301%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009156	+0.323%	$95K	$414K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009153	+0.287%	$191K	$744K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009148	+0.236%	$211K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0241%	1h	0.009123	−0.036%	$308	—	10x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0296%	1h	0.009160	+0.367%	$1K	$29K	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009140	+0.148%	$1.6M	$5.3M	75x	as long as short
Kraken Futures PF_PENGUUSD	+0.0377%	1h	0.009160	+0.365%	$352K	$2.7M	50x	as long as short
01 Exchange PENGUUSD	+0.0384%	1h	0.009165	+0.422%	$210	$41	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]short	L +0.0432% / S −0.0351%	1h	0.009153	+0.290%	$104K	—	100x
dYdX PENGU-USD	+0.1660%	1h	0.009160	+0.363%	$12K	$6K	5x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2088%	1h	0.009211	+0.926%	$81K	$74K	50x	as long as short