PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0704%/8h= +77.1% APRnext payment +$0.88 per $10,000 · paid last 24h +0.116%

Price spread now: GMX against gTrade (Gains Network)+0.001%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on GMX

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$21 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) PENGU/USD	0.008804	L +0.0007% / S −0.0003%	pay 0.0001% / 1h	3m 43s	$34K	—	150x
Short	GMX PENGU/USD [WBTC.b-USDC]	0.008804	L +0.0511% / S −0.0711%	get 0.0089% / 1h	3m 43s	$115K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee GMXbpOrdersPrice spread, now +0.001%Rate

Funding earned: $147.8
Price spread: +0.001% → 0.000%: $0.1
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $125.9
Costs to cover: 0.220%
Break-even: 1.0 days

Slippage unknown: gTrade (Gains Network): no order-book sample; 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

gTrade (Gains Network) and 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
Kraken Futures PF_PENGUUSD	−0.0605%	1h	0.008809	+0.063%	$368K	$2.2M	50x	as long as short
Gate PENGU_USDT	−0.0278%	4h	0.008793	−0.124%	$3.4M	$15.6M	75x	as long as short
Bybit PENGUUSDT	−0.0190%	4h	0.008789	−0.169%	$22.8M	$36.5M	75x	as long as short
01 Exchange PENGUUSD	−0.0120%	1h	0.008804	+0.001%	$201	$59	5x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0091%	1h	0.008801	−0.033%	$19K	$9K	10x	as long as short
Variational Omni PENGU	−0.0087%	4h	0.008784	−0.223%	$802K	$802K	—	as long as short
gTrade (Gains Network) PENGU/USDlong	L +0.0007% / S −0.0003%	1h	0.008804	long leg	$34K	—	150x
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.169%	$3K	$117K	5.5x	as long as short
Nado PENGU-PERP	+0.0056%	1h	0.008795	−0.096%	$684K	$759K	5x	as long as short
Backpack PENGU_USDC_PERP	+0.0084%	1h	0.008799	−0.056%	$314K	$309K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter PENGU	+0.0096%	1h	0.008798	−0.067%	$309K	$736K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008800	−0.044%	$23K	$186K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008799	−0.056%	$8.6M	$15.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008806	+0.018%	$191K	$467K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008798	−0.067%	$152K	$239K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008794	−0.108%	$36.5M	$153.5M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008793	−0.124%	$7.6M	$47.2M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008800	−0.044%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008798	−0.067%	$12.6M	$12.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008800	−0.044%	$4.8M	$8.9M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008801	−0.033%	$8.4M	$12.6M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008794	−0.113%	—	$3.9M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008796	−0.091%	$460K	$2.3M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008786	−0.203%	$80K	$253K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009013	+2.375%	$2K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008798	−0.067%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008822	+0.205%	$92K	$249K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008792	−0.132%	$181K	$622K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008795	−0.101%	$203K	$17K	3x	as long as short
dYdX PENGU-USD	+0.0128%	1h	0.008804	+0.004%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERP	+0.0237%	1h	0.008798	−0.062%	$297	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008793	−0.124%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]short	L +0.0511% / S −0.0711%	1h	0.008804	+0.001%	$115K	—	100x
Coinbase International PENGU-PERP-INTX	+0.2504%	1h	0.008914	+1.250%	$95K	$105K	50x	as long as short