Funding arb · Price arb /

PENGU

all PENGU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: HTX against ApeX Omni+0.574%76s7-day average +0.231% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as 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−$890.885% of the position

Long on ApeX Omni Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.215%+$21 on $10k

Price spread, last 4 days (all we have)−0.259%−$26 · spread now +0.574%, 7d avg +0.231%

Together, before fees−0.045%−$4 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: HTX is 0.342% dearer against ApeX Omni than usual: you sell high and buy low, +$34 on $10k if it goes back to its 7-day average of +0.231%. The two prices were read 76 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	0.009067	0.0100	pay 0.0013% / 1h	53m 40s	$80K	$252K	50x
Short	HTX PENGU-USDT	0.009119	0.0100	get 0.0050% / 4h	3h 53m	$94K	$414K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.574%Rate

Funding earned: $0
Price spread: +0.574% → +0.231%: $34.24
Slippage, 4 orders: −$66.54
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$54.3
Costs to cover: 0.885%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 43 min ago; HTX: live order book, 45 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, 43 min ago	4.91 bp	14.0 bp −$14	99.1 bp −$991	doesn't fit	doesn't fit
Sell HTX live order book, 45 min ago	10.39 bp	42.8 bp −$43	doesn't fit	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
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.009088	+0.232%	$1K	$29K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.009089	+0.243%	$34K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−3.066%	$3K	$117K	5.5x	as long as short
dYdX PENGU-USD	+0.0075%	1h	0.009095	+0.305%	$12K	$6K	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.009112	+0.496%	$9.3M	$16.8M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009099	+0.353%	$142K	$739K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009096	+0.320%	$137K	$270K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009097	+0.331%	$40.0M	$196.3M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009092	+0.276%	$24.5M	$46.5M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009089	+0.243%	$8.2M	$57.7M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus PENGU-USD	+0.0100%	1h	0.009110	+0.474%	$18K	$25K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.009090	+0.254%	$3.7M	$17.5M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009099	+0.353%	$11.3M	$12.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009095	+0.309%	$5.1M	$10.5M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009108	+0.452%	$8.8M	$15.0M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.009098	+0.342%	—	$3.8M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009093	+0.287%	$312K	$388K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009070	+0.033%	$936K	$1.2M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009085	+0.204%	$477K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDTlong	+0.0100%	1h	0.009067	long leg	$80K	$252K	50x
Nado PENGU-PERP	+0.0100%	1h	0.009106	+0.430%	$647K	$1.1M	5x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009088	+0.232%	$23K	$314K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009303	+2.603%	$3K	$2.2M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009090	+0.254%	$1K	$5K	5x	as long as short
HTX PENGU-USDTshort	+0.0100%	4h	0.009119	+0.574%	$94K	$414K	25x
Extended PENGU-USD	+0.0104%	1h	0.009095	+0.309%	$187K	$743K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009082	+0.165%	$210K	—	3x	as long as short
Lighter PENGU	+0.0208%	1h	0.009104	+0.408%	$328K	$747K	8x	as long as short
Reya PENGURUSDPERP	+0.0241%	1h	0.009102	+0.389%	$307	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009065	−0.022%	$1.6M	$5.1M	75x	as long as short
Kraken Futures PF_PENGUUSD	+0.0380%	1h	0.009093	+0.285%	$351K	$2.6M	50x	as long as short
01 Exchange PENGUUSD	+0.0432%	1h	0.009123	+0.618%	$209	$41	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0432% / S −0.0351%	1h	0.009091	+0.265%	$104K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2088%	1h	0.009211	+1.588%	$81K	$74K	50x	as long as short