PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0624%/8h= +68.3% APRnext payment +$0.78 per $10,000 · paid last 24h +0.101%

Price spread now: GMX against Lighter+0.011%7-day average +0.005% · you sell dearer than you buy

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

Long on Lighter Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.224%+$22 on $10k

Price spread, last 3 days (all we have)−0.011%−$1 · spread now +0.011%, 7d avg +0.005%

Together, before fees+0.212%+ Points / potential airdropLighter: Season 3 · farm board+$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: +$19 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PENGU	0.008839	0.0096	pay 0.0012% / 1h	31m 05s	$309K	$727K	8x
Short	GMX PENGU/USD [WBTC.b-USDC]	0.008840	L +0.0516% / S −0.0720%	get 0.0090% / 1h	31m 05s	$116K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Lighter. 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 LighterbpFee GMXbpOrdersPrice spread, now +0.011%Rate

Funding earned: $131
Price spread: +0.011% → +0.005%: $0.58
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $119.59
Costs to cover: 0.120%
Break-even: 0.6 days

Slippage unknown: Lighter: live order book, 39 min ago; GMX: 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 Lighter live order book, 39 min ago	3.44 bp	7.5 bp −$8	66.3 bp −$663	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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
Kraken Futures PF_PENGUUSD	−0.0391%	1h	0.008847	+0.095%	$369K	$2.3M	50x	as long as short
01 Exchange PENGUUSD	−0.0224%	1h	0.008843	+0.045%	$202	$59	5x	as long as short
Variational Omni PENGU	−0.0221%	4h	0.008831	−0.089%	$871K	$933K	—	as long as short
Gate PENGU_USDT	−0.0176%	4h	0.008836	−0.034%	$3.4M	$15.6M	75x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0089%	1h	0.008839	0.000%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008841	+0.021%	$34K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.566%	$3K	$117K	5.5x	as long as short
dYdX PENGU-USD	+0.0078%	1h	0.008837	−0.027%	$12K	$4K	5x	as long as short
Nado PENGU-PERP	+0.0080%	1h	0.008841	+0.023%	$700K	$768K	5x	as long as short
GRVT PENGU_USDT_Perp	+0.0092%	4h	0.008826	−0.146%	$468K	$2.1M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter PENGUlong	+0.0096%	1h	0.008839	long leg	$309K	$727K	8x
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008839	0.000%	$24K	$183K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008839	0.000%	$8.3M	$15.7M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008841	+0.022%	$189K	$481K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008837	−0.023%	$152K	$239K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008832	−0.074%	$36.9M	$154.9M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008830	−0.102%	$23.2M	$37.3M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008833	−0.068%	$7.6M	$47.5M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008840	+0.011%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008838	−0.011%	$13.0M	$12.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008839	0.000%	$4.7M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008843	+0.045%	$8.4M	$12.7M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008837	−0.023%	—	$3.8M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008838	−0.011%	$306K	$322K	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008810	−0.328%	$80K	$254K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009049	+2.376%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008836	−0.034%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008852	+0.147%	$91K	$296K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008835	−0.041%	$182K	$973K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008829	−0.113%	$204K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008837	−0.025%	$298	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008833	−0.068%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]short	L +0.0516% / S −0.0720%	1h	0.008840	+0.011%	$116K	—	100x
Coinbase International PENGU-PERP-INTX	+0.1648%	1h	0.008863	+0.272%	$94K	$103K	50x	as long as short