PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0338%/8h= −37.0% APRnext payment −$0.42 per $10,000 · paid last 24h −0.102%

Price spread now: Lighter against GMX+0.143%7-day average +0.013% · you sell dearer than you buy

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

Long on GMX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.251%−$25 on $10k

Price spread, last 4 days (all we have)−0.138%−$14 · spread now +0.143%, 7d avg +0.013%

Together, before fees−0.390%+ Points / potential airdropLighter: Season 3 · farm board−$39 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.130% dearer against GMX than usual: you sell high and buy low (spread +0.143% now, against its 7-day average of +0.013%): +$13 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 31 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX PENGU/USD [WBTC.b-USDC]	0.009117	L +0.0434% / S −0.0352%	pay 0.0054% / 1h	17m 55s	$104K	—	100x
Short	Lighter PENGU	0.009130	0.0096	get 0.0012% / 1h	17m 55s	$330K	$773K	8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.143%Rate

Funding earned: −$70.98
Price spread: +0.143% → +0.013%: $12.99
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$69.99
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Lighter: live order book, 17 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 Lighter live order book, 17 min ago	7.09 bp	36.8 bp −$37	106.9 bp −$1,069	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	0.009119	+0.020%	$34K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−3.598%	$3K	$117K	5.5x	as long as short
Lighter PENGUshort	+0.0096%	1h	0.009130	+0.143%	$330K	$773K	8x
Nado PENGU-PERP	+0.0100%	1h	0.009118	+0.016%	$642K	$1.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009122	+0.055%	$146K	$730K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009115	−0.022%	$138K	$267K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009118	+0.011%	$40.2M	$194.1M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009114	−0.033%	$24.6M	$45.8M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009120	+0.033%	$8.2M	$57.0M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009120	+0.033%	$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	0.009110	−0.077%	$3.7M	$18.1M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009123	+0.066%	$11.3M	$13.1M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009114	−0.033%	$5.1M	$10.4M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009132	+0.165%	$9.0M	$14.5M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.009117	0.000%	—	$3.8M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009114	−0.033%	$315K	$382K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009113	−0.045%	$907K	$1.2M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009124	+0.080%	$478K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009182	+0.713%	$80K	$252K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009127	+0.110%	$23K	$297K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009349	+2.545%	$3K	$2.2M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009128	+0.121%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009134	+0.186%	$95K	$414K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009119	+0.027%	$187K	$744K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009123	+0.066%	$211K	—	3x	as long as short
Hyperliquid PENGU	+0.0194%	1h	0.009129	+0.132%	$9.3M	$16.6M	5x	as long as short
Reya PENGURUSDPERP	+0.0240%	1h	0.009115	−0.019%	$308	—	10x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0298%	1h	0.009134	+0.186%	$1K	$29K	10x	as long as short
01 Exchange PENGUUSD	+0.0328%	1h	0.009122	+0.055%	$209	$41	5x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009155	+0.417%	$1.6M	$5.0M	75x	as long as short
dYdX PENGU-USD	+0.0387%	1h	0.009108	−0.102%	$12K	$6K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]long	L +0.0434% / S −0.0352%	1h	0.009117	long leg	$104K	—	100x
Kraken Futures PF_PENGUUSD	+0.0534%	1h	0.009136	+0.209%	$354K	$2.6M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1928%	1h	0.009196	+0.867%	$81K	$74K	50x	as long as short