PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h +0.012%

Price spread now: Hyperliquid against Aevo−0.102%7-day average +0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$890.894% of the position

Long on Aevo Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.086%−$9 on $10k

Price spread, last 3 days (all we have)+0.159%+$16 · spread now −0.102%, 7d avg +0.061%

Together, before fees+0.073%+ Points / potential airdropHyperliquid: Season 2 · farm board+$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.163% cheaper against Aevo than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo PENGU-PERP	0.008831	0.0104	pay 0.0013% / 1h	11m 29s	$204K	—	3x
Short	Hyperliquid PENGU	0.008822	0.0100	get 0.0013% / 1h	11m 29s	$8.2M	$14.9M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Aevo. 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 AevobpFee HyperliquidbpOrdersPrice spread, now −0.102%Rate

Funding earned: −$0.84
Price spread: −0.102% → +0.061%: −$16.3
Slippage, 4 orders: −$64.39
Fee Aevo: 8 bp × 2 orders: −$16
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$106.53
Costs to cover: 0.894%
Break-even: never at this rate

Slippage from Aevo: live order book, 57 min ago; Hyperliquid: live order book, 11 min ago.

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 Aevo live order book, 57 min ago	11.20 bp	46.0 bp −$46	217.2 bp −$2,172	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 11 min ago	1.13 bp	9.8 bp −$10	doesn't fit	doesn't fit	doesn't fit

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
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008833	+0.023%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008823	−0.094%	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.476%	$3K	$117K	5.5x	as long as short
Gate PENGU_USDT	+0.0078%	4h	0.008819	−0.136%	$3.4M	$15.6M	75x	as long as short
Variational Omni PENGU	+0.0090%	4h	0.008784	−0.534%	$874K	$999K	—	as long as short
Lighter PENGU	+0.0096%	1h	0.008832	+0.011%	$314K	$709K	8x	as long as short
01 Exchange PENGUUSD	+0.0096%	1h	0.008822	−0.102%	$202	$64	5x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008839	+0.091%	$19K	$161K	20x	as long as short
Hyperliquid PENGUshort	+0.0100%	1h	0.008822	−0.102%	$8.2M	$14.9M	5x
Aster PENGUUSDT	+0.0100%	4h	0.008823	−0.089%	$143K	$516K	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	0.008826	−0.057%	$155K	$245K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008830	−0.011%	$37.6M	$158.1M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008830	−0.011%	$23.2M	$38.4M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008839	+0.091%	$7.5M	$47.8M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008820	−0.125%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008821	−0.113%	$11.9M	$12.9M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008821	−0.113%	$4.7M	$9.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008820	−0.125%	$8.3M	$12.7M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008821	−0.113%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008832	+0.011%	$303K	$300K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008810	−0.238%	$462K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008800	−0.351%	$80K	$243K	50x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008821	−0.113%	$595K	$994K	5x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009030	+2.253%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008836	+0.057%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008846	+0.170%	$94K	$337K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008816	−0.170%	$185K	$944K	10x	as long as short
Aevo PENGU-PERPlong	+0.0104%	1h	0.008831	long leg	$204K	—	3x
Kraken Futures PF_PENGUUSD	+0.0209%	1h	0.008845	+0.154%	$363K	$2.3M	50x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008819	−0.140%	$298	—	10x	as long as short
dYdX PENGU-USD	+0.0333%	1h	0.008830	−0.015%	$12K	$4K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0513% / S −0.0708%	1h	0.008825	−0.068%	$115K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1352%	1h	0.008967	+1.540%	$95K	$94K	50x	as long as short