PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0503%/8h= −55.1% APRnext payment −$0.63 per $10,000 · paid last 24h −0.148%

Price spread now: Deribit against GMX+0.056%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Deribit

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 pays, funding is against you. Deribit is 0.056% dearer against GMX than usual: you sell high and buy low (spread +0.056% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX PENGU/USD [WBTC.b-USDC]	0.008952	L +0.0503% / S −0.0415%	pay 0.0063% / 1h	27m 32s	$127K	—	100x
Short	Deribit PENGU_USDC-PERPETUAL	0.008957	0	get 0.0000% / 1h	27m 32s	$19K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against GMX. 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 GMXbpFee DeribitbpOrdersPrice spread, now +0.056%Rate

Funding earned: −$105.65
Price spread: +0.056% → 0.000%: $5.59
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$119.07
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Deribit: 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 GMX no order-book sample	—	—	—	—	—
Sell Deribit no order-book sample	—	—	—	—	—

GMX and Deribit: 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-PERPETUALshort	0.0000%	1h	0.008957	+0.056%	$19K	$10K	10x
Gate PENGU_USDT	+0.0006%	4h	0.008945	−0.078%	$3.4M	$16.4M	75x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008954	+0.022%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−1.821%	$3K	$117K	5.5x	as long as short
dYdX PENGU-USD	+0.0037%	1h	0.008945	−0.075%	$12K	$5K	5x	as long as short
01 Exchange PENGUUSD	+0.0080%	1h	0.008950	−0.022%	$205	$64	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008955	+0.034%	$326K	$751K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008941	−0.117%	$600K	$1.0M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008955	+0.034%	$8.5M	$15.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008948	−0.048%	$138K	$642K	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	0.008947	−0.056%	$137K	$272K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008948	−0.048%	$38.3M	$171.8M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008940	−0.134%	$23.8M	$41.0M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008945	−0.078%	$7.8M	$50.1M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008950	−0.022%	$19K	$25K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008946	−0.067%	$11.0M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008946	−0.067%	$5.0M	$9.4M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008951	−0.011%	$8.7M	$12.9M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008940	−0.134%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008942	−0.112%	$299K	$327K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009000	+0.535%	$939K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008959	+0.081%	$476K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009018	+0.737%	$82K	$251K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008957	+0.056%	$24K	$102K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009172	+2.458%	$2K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008961	+0.101%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008972	+0.223%	$93K	$379K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008942	−0.107%	$186K	$939K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008950	−0.022%	$207K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008942	−0.112%	$302	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008960	+0.089%	$1.5M	$4.2M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]long	L +0.0503% / S −0.0415%	1h	0.008952	long leg	$127K	—	100x
Kraken Futures PF_PENGUUSD	+0.0610%	1h	0.008965	+0.144%	$351K	$2.4M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2704%	1h	0.009007	+0.614%	$95K	$62K	50x	as long as short