PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0558%/8h= +61.2% APRnext payment +$0.70 per $10,000 · paid last 24h +0.108%

Price spread now: GMX against Aevo+0.103%7-day average +0.068% · you sell dearer than you buy

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

Long on Aevo Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.230%+$23 on $10k

Price spread, last 4 days (all we have)−0.014%−$1 · spread now +0.103%, 7d avg +0.068%

Together, before fees+0.216%+$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and GMX is 0.035% dearer against Aevo than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo PENGU-PERP	0.008737	0.0104	pay 0.0013% / 1h	12m 02s	$202K	—	3x
Short	GMX PENGU/USD [WBTC.b-USDC]	0.008746	L +0.0554% / S −0.0662%	get 0.0083% / 1h	12m 02s	$131K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Aevo. 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 AevobpFee GMXbpOrdersPrice spread, now +0.103%Rate

Funding earned: $117.28
Price spread: +0.103% → +0.068%: $3.47
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee GMX: 6 bp × 2 orders: −$12
Net: $92.75
Costs to cover: 0.280%
Break-even: 1.5 days

Slippage unknown: Aevo: live order book, 52 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 Aevo live order book, 52 min ago	11.36 bp	46.4 bp −$46	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 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
Deribit PENGU_USDC-PERPETUAL	−0.0093%	1h	0.008743	+0.069%	$18K	$10K	10x	as long as short
01 Exchange PENGUUSD	−0.0040%	1h	0.008746	+0.103%	$200	$64	5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008745	+0.088%	$32K	—	150x	as long as short
Gate PENGU_USDT	+0.0010%	4h	0.008741	+0.046%	$3.3M	$15.7M	75x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.595%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008743	+0.069%	$311K	$712K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008745	+0.092%	$23K	$164K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008748	+0.126%	$586K	$1.0M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008742	+0.057%	$8.1M	$14.7M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008747	+0.111%	$121K	$579K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PENGU	+0.0100%	1h	0.008747	+0.114%	$154K	$243K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008749	+0.137%	$36.5M	$160.6M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008743	+0.069%	$23.1M	$38.9M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008745	+0.092%	$7.3M	$46.5M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008750	+0.149%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008749	+0.137%	$11.3M	$12.4M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008750	+0.149%	$4.8M	$9.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008751	+0.160%	$8.3M	$12.4M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008738	+0.011%	—	$3.6M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008739	+0.023%	$298K	$293K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008785	+0.547%	$873K	$985K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008782	+0.514%	$458K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008782	+0.515%	$80K	$243K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008957	+2.518%	$3K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008742	+0.057%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008760	+0.263%	$91K	$354K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008746	+0.100%	$184K	$945K	10x	as long as short
Aevo PENGU-PERPlong	+0.0104%	1h	0.008737	long leg	$202K	—	3x
dYdX PENGU-USD	+0.0226%	1h	0.008747	+0.112%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008742	+0.053%	$295	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008750	+0.149%	$1.5M	$3.5M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]short	L +0.0554% / S −0.0662%	1h	0.008746	+0.103%	$131K	—	100x
Kraken Futures PF_PENGUUSD	+0.0650%	1h	0.008752	+0.174%	$351K	$2.3M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2296%	1h	0.008967	+2.632%	$95K	$90K	50x	as long as short