PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.1724%/8h= −188.8% APRnext payment −$2.16 per $10,000 · paid last 24h −0.089%

Price spread now: ApeX Omni against GMX−0.501%7-day average −0.009% · you buy dearer than you sell

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

Long on GMX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.220%−$22 on $10k

Price spread, last 3 days (all we have)+0.389%+$39 · spread now −0.501%, 7d avg −0.009%

Together, before fees+0.170%+$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$52 a day on $10k at the current rate, and ApeX Omni is 0.492% cheaper against GMX than usual: you would sell low and buy high (−$49 if the spread goes back to its 7-day average of −0.009%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.220% in total (about -24.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.16 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX PENGU/USD [WBTC.b-USDC]	0.008777	L +0.0512% / S −0.0582%	pay 0.0064% / 1h	54m 44s	$119K	—	100x
Short	ApeX Omni PENGUUSDT	0.008733	−0.1212	pay 0.0152% / 1h	54m 44s	$80K	$243K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.501%Rate

Funding earned: −$362.12
Price spread: −0.501% → −0.009%: −$49.22
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$433.34
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; ApeX Omni: live order book, 7 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 ApeX Omni live order book, 7 min ago	7.39 bp	15.8 bp −$16	101.6 bp −$1,016	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 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
ApeX Omni PENGUUSDTshort	−0.1212%	1h	0.008733	−0.501%	$80K	$243K	50x
Deribit PENGU_USDC-PERPETUAL	−0.0092%	1h	0.008774	−0.034%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008779	+0.020%	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.137%	$3K	$117K	5.5x	as long as short
Gate PENGU_USDT	+0.0074%	4h	0.008785	+0.091%	$3.4M	$15.4M	75x	as long as short
Lighter PENGU	+0.0096%	1h	0.008781	+0.046%	$312K	$707K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008773	−0.046%	$19K	$160K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008775	−0.023%	$591K	$984K	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008782	+0.057%	$8.2M	$14.6M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008790	+0.150%	$132K	$523K	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PENGU	+0.0100%	1h	0.008776	−0.011%	$154K	$243K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008779	+0.022%	$37.3M	$156.5M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008771	−0.068%	$23.1M	$38.0M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008771	−0.068%	$7.5M	$46.2M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008770	−0.080%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008775	−0.023%	$11.8M	$12.3M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008778	+0.011%	$4.7M	$9.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008770	−0.080%	$8.3M	$12.3M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008791	+0.160%	—	$3.6M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008786	+0.103%	$301K	$280K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008816	+0.445%	$870K	$985K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008748	−0.335%	$464K	$2.1M	10x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008987	+2.393%	$3K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008780	+0.034%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008800	+0.262%	$92K	$340K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008787	+0.113%	$184K	$941K	10x	as long as short
01 Exchange PENGUUSD	+0.0104%	1h	0.008785	+0.091%	$201	$64	5x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008771	−0.068%	$203K	—	3x	as long as short
dYdX PENGU-USD	+0.0218%	1h	0.008776	−0.009%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008772	−0.057%	$296	—	10x	as long as short
GMX PENGU/USD [WBTC.b-USDC]long	L +0.0512% / S −0.0582%	1h	0.008777	long leg	$119K	—	100x
Kraken Futures PF_PENGUUSD	+0.0647%	1h	0.008786	+0.101%	$354K	$2.3M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2296%	1h	0.008967	+2.165%	$95K	$94K	50x	as long as short