PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%

Price spread now: Lighter against ApeX Omni−0.154%108s7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as 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−$660.665% of the position

Long on ApeX Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.024%+$2 · spread now −0.154%, 7d avg −0.003%

Together, before fees+0.024%+ Points / potential airdropLighter: Season 3 · farm board+$2 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: Lighter is 0.151% cheaper against ApeX Omni than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.003%. The two prices were read 108 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	0.009102	0.0100	pay 0.0013% / 1h	57m 44s	$82K	$248K	50x
Short	Lighter PENGU	0.009088	0.0096	get 0.0012% / 1h	57m 44s	$326K	$699K	8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.154%Rate

Funding earned: −$0.84
Price spread: −0.154% → −0.003%: −$15.11
Slippage, 4 orders: −$56.49
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$82.44
Costs to cover: 0.665%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 52 min ago; Lighter: live order book, 50 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, 52 min ago	6.62 bp	13.8 bp −$14	104.2 bp −$1,042	doesn't fit	doesn't fit
Sell Lighter live order book, 50 min ago	7.14 bp	16.6 bp −$17	87.2 bp −$872	doesn't fit	doesn't fit

PENGU on 34 exchanges

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	0.009085	−0.187%	$1K	$27K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.009081	−0.230%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−3.439%	$3K	$117K	5.5x	as long as short
Backpack PENGU_USDC_PERP	+0.0057%	1h	0.009079	−0.253%	$305K	$365K	10x	as long as short
Kraken Futures PF_PENGUUSD	+0.0064%	1h	0.009087	−0.159%	$334K	$2.6M	50x	as long as short
Lighter PENGUshort	+0.0096%	1h	0.009088	−0.154%	$326K	$699K	8x
Aster PENGUUSDT	+0.0100%	4h	0.009089	−0.139%	$136K	$779K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009101	−0.011%	$138K	$225K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009084	−0.197%	$40.0M	$192.4M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009073	−0.319%	$24.6M	$46.6M	75x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009075	−0.297%	$8.4M	$56.4M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009090	−0.132%	$18K	$26K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.009081	−0.231%	$3.7M	$17.8M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009083	−0.209%	$12.3M	$12.3M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009081	−0.231%	$5.1M	$10.5M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009087	−0.165%	$8.8M	$14.3M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.009080	−0.242%	—	$3.6M	—	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009084	−0.194%	$917K	$1.2M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009158	+0.614%	$479K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDTlong	+0.0100%	1h	0.009102	long leg	$82K	$248K	50x
Nado PENGU-PERP	+0.0100%	1h	0.009089	−0.140%	$652K	$1.1M	5x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009083	−0.209%	$23K	$357K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009301	+2.186%	$2K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009082	−0.220%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009103	+0.011%	$93K	$368K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009076	−0.291%	$186K	$743K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009081	−0.231%	$210K	—	3x	as long as short
Hyperliquid PENGU	+0.0129%	1h	0.009093	−0.099%	$9.8M	$17.0M	5x	as long as short
Reya PENGURUSDPERP	+0.0241%	1h	0.009077	−0.270%	$307	—	10x	as long as short
01 Exchange PENGUUSD	+0.0304%	1h	0.009097	−0.055%	$208	$141	5x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009097	−0.055%	$1.6M	$5.3M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0434% / S −0.0357%	1h	0.009092	−0.110%	$105K	—	100x	as long as short
dYdX PENGU-USD	+0.0968%	1h	0.009109	+0.082%	$20K	$21K	5x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2136%	1h	0.009222	+1.318%	$84K	$95K	50x	as long as short