PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0339%/8h= −37.1% APRnext payment −$0.42 per $10,000 · paid last 24h −0.094%

Price spread now: Aevo against GMX+0.254%62s7-day average −0.065% · you sell dearer than you buy

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

Long on GMX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.236%−$24 on $10k

Price spread, last 4 days (all we have)−0.340%−$34 · spread now +0.254%, 7d avg −0.065%

Together, before fees−0.575%−$58 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aevo is 0.319% dearer against GMX than usual: you sell high and buy low (spread +0.254% now, against its 7-day average of −0.065%): +$32 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 3.1 days. The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX PENGU/USD [WBTC.b-USDC]	0.009052	L +0.0443% / S −0.0368%	pay 0.0055% / 1h	5m 31s	$107K	—	100x
Short	Aevo PENGU-PERP	0.009075	0.0104	get 0.0013% / 1h	5m 31s	$210K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against GMX. 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 GMXbpFee AevobpOrdersPrice spread, now +0.254%Rate

Funding earned: −$71.09
Price spread: +0.254% → −0.065%: $31.87
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$67.22
Costs to cover: 0.280%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Aevo: live order book, 38 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Aevo live order book, 38 min ago	60.41 bp	78.8 bp −$79	297.3 bp −$2,973	doesn't fit	doesn't fit

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	0.009086	+0.381%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−2.905%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.009087	+0.387%	$325K	$772K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009071	+0.210%	$639K	$1.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009074	+0.243%	$143K	$716K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009079	+0.298%	$137K	$260K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009074	+0.244%	$39.6M	$190.0M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009071	+0.210%	$24.3M	$44.5M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009072	+0.221%	$8.0M	$54.9M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009080	+0.309%	$18K	$25K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate PENGU_USDT	+0.0100%	4h	0.009073	+0.232%	$3.7M	$17.6M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009080	+0.309%	$11.0M	$13.0M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009080	+0.309%	$5.1M	$10.2M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009083	+0.342%	$8.7M	$13.9M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.009080	+0.309%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009090	+0.420%	$297K	$368K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009079	+0.297%	$925K	$1.1M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009042	−0.109%	$474K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009053	+0.011%	$79K	$252K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009088	+0.398%	$23K	$243K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009316	+2.916%	$2K	$2.2M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009087	+0.387%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009113	+0.674%	$94K	$404K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009075	+0.253%	$186K	$523K	10x	as long as short
Aevo PENGU-PERPshort	+0.0104%	1h	0.009075	+0.254%	$210K	—	3x
Deribit PENGU_USDC-PERPETUAL	+0.0190%	1h	0.009092	+0.442%	$1K	$29K	10x	as long as short
Hyperliquid PENGU	+0.0197%	1h	0.009087	+0.387%	$9.1M	$16.3M	5x	as long as short
Reya PENGURUSDPERP	+0.0240%	1h	0.009093	+0.449%	$307	—	10x	as long as short
01 Exchange PENGUUSD	+0.0328%	1h	0.009078	+0.287%	$208	$60	5x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009063	+0.122%	$1.6M	$4.9M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]long	L +0.0443% / S −0.0368%	1h	0.009052	long leg	$107K	—	100x
dYdX PENGU-USD	+0.0554%	1h	0.009082	+0.332%	$12K	$6K	5x	as long as short
Kraken Futures PF_PENGUUSD	+0.0671%	1h	0.009090	+0.420%	$337K	$2.5M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1664%	1h	0.009135	+0.917%	$80K	$70K	50x	as long as short