PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0440%/8h= −48.2% APRnext payment −$0.55 per $10,000 · paid last 24h −0.125%

Price spread now: gTrade (Gains Network) against GMX+0.007%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 gTrade (Gains Network)

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: −$13 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX PENGU/USD [WBTC.b-USDC]	0.009053	L +0.0443% / S −0.0368%	pay 0.0055% / 1h	0m 13s	$107K	—	100x
Short	gTrade (Gains Network) PENGU/USD	0.009054	L +0.0007% / S −0.0003%	get 0.0000% / 1h	0m 13s	$33K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.007%Rate

Funding earned: −$92.42
Price spread: +0.007% → 0.000%: $0.71
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$113.71
Costs to cover: 0.220%
Break-even: never at this rate

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

GMX and gTrade (Gains Network): 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/USDshort	L +0.0007% / S −0.0003%	1h	0.009054	+0.007%	$33K	—	150x
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−2.916%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.009055	+0.022%	$324K	$772K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009052	−0.014%	$639K	$1.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009053	−0.001%	$143K	$716K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009046	−0.077%	$137K	$260K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009048	−0.055%	$39.5M	$190.1M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009042	−0.122%	$24.2M	$44.6M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009041	−0.133%	$8.0M	$54.9M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009060	+0.077%	$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	0.009034	−0.210%	$3.7M	$17.6M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009046	−0.077%	$11.0M	$13.0M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009048	−0.055%	$5.0M	$10.2M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009043	−0.110%	$8.7M	$13.9M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.009039	−0.155%	—	$3.8M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009042	−0.122%	$295K	$368K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009035	−0.200%	$921K	$1.1M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009052	−0.011%	$475K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009071	+0.199%	$80K	$253K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009051	−0.022%	$23K	$250K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009267	+2.364%	$2K	$2.2M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009052	−0.011%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009070	+0.188%	$94K	$404K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009048	−0.055%	$186K	$523K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009045	−0.088%	$209K	—	3x	as long as short
Hyperliquid PENGU	+0.0164%	1h	0.009047	−0.066%	$9.1M	$16.3M	5x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0192%	1h	0.009056	+0.033%	$1K	$29K	10x	as long as short
Reya PENGURUSDPERP	+0.0240%	1h	0.009047	−0.064%	$306	—	10x	as long as short
01 Exchange PENGUUSD	+0.0320%	1h	0.009062	+0.099%	$207	$60	5x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009047	−0.066%	$1.6M	$4.9M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]long	L +0.0443% / S −0.0368%	1h	0.009053	long leg	$107K	—	100x
dYdX PENGU-USD	+0.0540%	1h	0.009042	−0.119%	$12K	$6K	5x	as long as short
Kraken Futures PF_PENGUUSD	+0.0674%	1h	0.009055	+0.019%	$338K	$2.5M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1664%	1h	0.009135	+0.906%	$80K	$70K	50x	as long as short