PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0608%/8h= +66.6% APRnext payment +$0.76 per $10,000 · paid last 24h +0.105%

Price spread now: GMX against Pacifica−0.136%7-day average +0.030% · you buy dearer than you sell

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

Long on Pacifica Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.228%+$23 on $10k

Price spread, last 3 days (all we have)+0.157%+$16 · spread now −0.136%, 7d avg +0.030%

Together, before fees+0.385%+ Points / potential airdropPacifica: Active · farm board+$38 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.166% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.136% now, against its 7-day average of +0.030%). If the spread goes back, that is −$17 on $10k: about 22 hours of funding at the current rate (+$18 a day). At the pace of the last 3 days (+0.228% in total) that is about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica PENGU	0.008832	0.0100	pay 0.0013% / 1h	22m 05s	$155K	$245K	5x
Short	GMX PENGU/USD [WBTC.b-USDC]	0.008820	L +0.0513% / S −0.0708%	get 0.0089% / 1h	22m 05s	$115K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Pacifica. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 PacificabpFee GMXbpOrdersPrice spread, now −0.136%Rate

Funding earned: $127.74
Price spread: −0.136% → +0.030%: −$16.62
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $91.12
Costs to cover: 0.200%
Break-even: 2.0 days

Slippage unknown: Pacifica: live order book, 46 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 Pacifica live order book, 46 min ago	3.36 bp	11.1 bp −$11	doesn't fit	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 33 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
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008820	−0.136%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008821	−0.126%	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.487%	$3K	$117K	5.5x	as long as short
Gate PENGU_USDT	+0.0042%	4h	0.008810	−0.249%	$3.4M	$15.6M	75x	as long as short
Variational Omni PENGU	+0.0043%	4h	0.008835	+0.034%	$879K	$1.0M	—	as long as short
01 Exchange PENGUUSD	+0.0088%	1h	0.008826	−0.068%	$202	$64	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008820	−0.136%	$312K	$707K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008816	−0.181%	$19K	$161K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008833	+0.006%	$595K	$988K	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008818	−0.159%	$8.3M	$14.9M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PENGUUSDT	+0.0100%	4h	0.008821	−0.120%	$143K	$509K	20x	as long as short
Pacifica PENGUlong	+0.0100%	1h	0.008832	long leg	$155K	$245K	5x
Binance PENGUUSDT	+0.0100%	4h	0.008811	−0.235%	$37.7M	$157.5M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008801	−0.351%	$23.1M	$38.3M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008809	−0.260%	$7.5M	$47.6M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008830	−0.023%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008815	−0.192%	$12.0M	$12.9M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008815	−0.192%	$4.7M	$9.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008816	−0.181%	$8.3M	$12.7M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008816	−0.181%	—	$3.6M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008814	−0.204%	$302K	$300K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008817	−0.167%	$472K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008824	−0.091%	$80K	$249K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009027	+2.208%	$2K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008814	−0.204%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008855	+0.260%	$94K	$337K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008814	−0.208%	$182K	$939K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008813	−0.215%	$204K	—	3x	as long as short
Kraken Futures PF_PENGUUSD	+0.0210%	1h	0.008824	−0.092%	$360K	$2.3M	50x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008828	−0.048%	$298	—	10x	as long as short
dYdX PENGU-USD	+0.0294%	1h	0.008822	−0.111%	$12K	$4K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]short	L +0.0513% / S −0.0708%	1h	0.008820	−0.136%	$115K	—	100x
Coinbase International PENGU-PERP-INTX	+0.1352%	1h	0.008967	+1.529%	$95K	$94K	50x	as long as short