Funding arb · Price arb /

PENGU

all PENGU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Pacifica against ApeX Omni−0.404%51s7-day average −0.029% · you buy dearer than you sell

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

Long on ApeX Omni Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 4 days (all we have)−0.406%−$41 · spread now −0.404%, 7d avg −0.029%

Together, before fees−0.395%+ Points / potential airdropPacifica: Active · farm board−$39 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: Pacifica is 0.375% cheaper against ApeX Omni than usual: you would sell low and buy high, −$37 on $10k if it goes back to its 7-day average of −0.029%. The two prices were read 51 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	0.009154	0.0100	pay 0.0013% / 1h	23m 58s	$80K	$252K	50x
Short	Pacifica PENGU	0.009117	0.0100	get 0.0013% / 1h	23m 58s	$138K	$267K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.404%Rate

Funding earned: $0
Price spread: −0.404% → −0.029%: −$37.49
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$55.49
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 13 min ago; Pacifica: live order book, 14 min ago. 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 ApeX Omni live order book, 13 min ago	4.91 bp	14.0 bp −$14	99.1 bp −$991	doesn't fit	doesn't fit
Sell Pacifica live order book, 14 min ago	3.28 bp	19.9 bp −$20	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
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.009118	−0.390%	$34K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−3.987%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.009127	−0.295%	$329K	$773K	8x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009133	−0.231%	$145K	$717K	20x	as long as short
Pacifica PENGUshort	+0.0100%	1h	0.009117	−0.404%	$138K	$267K	5x
Binance PENGUUSDT	+0.0100%	4h	0.009125	−0.320%	$40.2M	$193.4M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009114	−0.437%	$24.4M	$45.4M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009117	−0.404%	$8.1M	$56.7M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009120	−0.371%	$18K	$25K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.009120	−0.371%	$3.7M	$17.9M	75x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC PENGU_USDT	+0.0100%	4h	0.009126	−0.306%	$11.3M	$13.1M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009122	−0.350%	$5.0M	$10.3M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009129	−0.273%	$9.0M	$14.4M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.009120	−0.371%	—	$3.9M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009120	−0.371%	$315K	$382K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009119	−0.384%	$932K	$1.1M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009145	−0.098%	$480K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDTlong	+0.0100%	1h	0.009154	long leg	$80K	$252K	50x
Nado PENGU-PERP	+0.0100%	1h	0.009114	−0.442%	$642K	$1.1M	5x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009119	−0.382%	$23K	$287K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009339	+2.021%	$3K	$2.2M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009121	−0.360%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009132	−0.240%	$94K	$414K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009119	−0.381%	$187K	$744K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009116	−0.415%	$211K	—	3x	as long as short
Hyperliquid PENGU	+0.0146%	1h	0.009140	−0.153%	$9.2M	$16.5M	5x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0189%	1h	0.009124	−0.328%	$1K	$29K	10x	as long as short
Reya PENGURUSDPERP	+0.0240%	1h	0.009117	−0.408%	$308	—	10x	as long as short
01 Exchange PENGUUSD	+0.0328%	1h	0.009124	−0.328%	$209	$41	5x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009130	−0.262%	$1.6M	$5.0M	75x	as long as short
dYdX PENGU-USD	+0.0378%	1h	0.009122	−0.348%	$12K	$6K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0434% / S −0.0352%	1h	0.009120	−0.371%	$104K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0535%	1h	0.009124	−0.329%	$356K	$2.6M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1928%	1h	0.009196	+0.459%	$81K	$74K	50x	as long as short