Funding arb · Price arb /

PENGU

all PENGU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Aster against ApeX Omni+0.169%79s7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$520.519% of the position

Long on ApeX Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 3 days (all we have)−0.205%−$21 · spread now +0.169%, 7d avg −0.006%

Together, before fees−0.198%+ Points / potential airdropAster: Stage 5 · farm board−$20 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: Aster is 0.175% dearer against ApeX Omni than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −0.006%. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni PENGUUSDT	0.008870	0.0100	pay 0.0013% / 1h	20m 10s	$81K	$255K	50x
Short	Aster PENGUUSDT	0.008885	0.0100	get 0.0050% / 4h	3h 20m	$190K	$465K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against ApeX Omni. 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 ApeX OmnibpFee AsterbpOrdersPrice spread, now +0.169%Rate

Funding earned: $0
Price spread: +0.169% → −0.006%: $17.47
Slippage, 4 orders: −$33.86
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$34.39
Costs to cover: 0.519%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 51 min ago; Aster: live order book, 52 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 ApeX Omni live order book, 51 min ago	5.75 bp	14.7 bp −$15	101.3 bp −$1,013	doesn't fit	doesn't fit
Sell Aster live order book, 52 min ago	5.16 bp	11.4 bp −$11	40.7 bp −$407	doesn't fit	doesn't fit

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	−0.0389%	1h	0.008895	+0.287%	$371K	$2.3M	50x	as long as short
Gate PENGU_USDT	−0.0298%	4h	0.008886	+0.180%	$3.4M	$15.7M	75x	as long as short
01 Exchange PENGUUSD	−0.0216%	1h	0.008883	+0.147%	$203	$59	5x	as long as short
Variational Omni PENGU	−0.0171%	4h	0.008882	+0.136%	$913K	$970K	—	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008888	+0.203%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008890	+0.221%	$34K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.913%	$3K	$117K	5.5x	as long as short
dYdX PENGU-USD	+0.0081%	1h	0.008870	+0.003%	$12K	$4K	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008894	+0.271%	$309K	$729K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008890	+0.225%	$24K	$175K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado PENGU-PERP	+0.0100%	1h	0.008874	+0.051%	$703K	$767K	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008891	+0.237%	$8.3M	$15.3M	5x	as long as short
Aster PENGUUSDTshort	+0.0100%	4h	0.008885	+0.169%	$190K	$465K	20x
Pacifica PENGU	+0.0100%	1h	0.008870	0.000%	$153K	$238K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008888	+0.204%	$37.1M	$155.3M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008881	+0.124%	$23.4M	$37.4M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008882	+0.135%	$7.7M	$47.8M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008880	+0.113%	$20K	$25K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008887	+0.192%	$13.2M	$12.9M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008887	+0.192%	$4.7M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008893	+0.259%	$8.5M	$12.7M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008878	+0.090%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008885	+0.169%	$305K	$323K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008848	−0.251%	$469K	$2.0M	10x	as long as short
ApeX Omni PENGUUSDTlong	+0.0100%	1h	0.008870	long leg	$81K	$255K	50x
SunX PENGU-USDT	+0.0100%	4h	0.009095	+2.537%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008885	+0.169%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008898	+0.316%	$91K	$300K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008884	+0.152%	$183K	$973K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008878	+0.090%	$205K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008874	+0.043%	$300	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008881	+0.124%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0520% / S −0.0723%	1h	0.008887	+0.192%	$117K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1648%	1h	0.008967	+1.094%	$95K	$104K	50x	as long as short