Settings8H · net · $10k
Funding arb · Price arb /

PENGU

all PENGU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0139%/8h= +15.2% APRnext payment +$0.17 per $10,000 · paid last 24h +0.040%
Price spread now: Reya against ApeX Omni+0.507%63s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropReya: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Reya is 0.507% dearer against ApeX Omni than usual: you sell high and buy low: +$51 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni PENGUUSDT0.0089160.0100pay 0.0013% / 1h55m 40s$81K$242K50x
ShortReya PENGURUSDPERP0.0089610.0239get 0.0030% / 1h55m 40s$30310x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya 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

Funding earned
$29.22
Price spread: +0.507% → 0.000%
$50.7
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Reya: 3 bp × 2 orders
−$6
Net
$63.92
Costs to cover
0.160%
Break-even
from the start
Slippage unknown: ApeX Omni: live order book, 61 min ago; Reya: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 61 min ago5.14 bp13.2 bp −$13108.3 bp −$1,083doesn't fitdoesn't fit
Sell Reya no order-book sample
Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PENGU on 34 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) PENGU/USDL +0.0007% / S −0.0003%1h0.008992+0.851%$33K150xas long as short
Injective PENGU/USDC PERP+0.0033%1h0.008789−1.424%$3K$117K5.5xas long as short
01 Exchange PENGUUSD+0.0072%1h0.008966+0.561%$205$645xas long as short
dYdX PENGU-USD+0.0080%1h0.008989+0.815%$12K$5K5xas long as short
Deribit PENGU_USDC-PERPETUAL+0.0083%1h0.009004+0.987%$19K$10K10xas long as short
Lighter PENGU+0.0096%1h0.009001+0.953%$320K$718K8xas long as short
Nado PENGU-PERP+0.0100%1h0.008959+0.485%$602K$1.0M5xas long as short
Hyperliquid PENGU+0.0100%1h0.008996+0.897%$8.4M$14.7M5xas long as short
Aster PENGUUSDT+0.0100%4h0.008975+0.661%$129K$596K20xas long as short
Pacifica PENGU+0.0100%1h0.008992+0.852%$158K$243K5xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance PENGUUSDT+0.0100%4h0.008996+0.894%$38.4M$167.4M75xas long as short
Bybit PENGUUSDT+0.0100%4h0.008995+0.886%$23.8M$40.1M75xas long as short
OKX PENGU-USDT-SWAP+0.0100%4h0.008996+0.897%$7.7M$49.2M50xas long as short
Arcus PENGU-USD+0.0100%1h0.008970+0.606%$19K$24K5xas long as short
Gate PENGU_USDT+0.0100%4h0.008973+0.639%$3.4M$15.9M75xas long as short
MEXC PENGU_USDT+0.0100%4h0.008999+0.931%$11.0M$12.3M125xas long as short
KuCoin PENGUUSDTM+0.0100%4h0.008978+0.695%$4.8M$9.3M75xas long as short
Bitget PENGUUSDT+0.0100%4h0.008991+0.841%$8.8M$12.7M75xas long as short
BingX PENGU-USDC+0.0100%4h0.008970+0.606%$2.3Mas long as short
Backpack PENGU_USDC_PERP+0.0100%1h0.008999+0.931%$301K$330K10xas long as short
Variational Omni PENGU+0.0100%4h0.008998+0.919%$934K$1.0Mas long as short
GRVT PENGU_USDT_Perp+0.0100%4h0.008918+0.018%$476K$2.1M10xas long as short
ApeX Omni PENGUUSDTlong+0.0100%1h0.008916long leg$81K$242K50x
Orderly PERP_PENGU_USDC+0.0100%4h0.009000+0.942%$24K$85K20xas long as short
SunX PENGU-USDT+0.0100%4h0.009225+3.466%$2K$2.1M10xas long as short
SoDEX PENGU-USD+0.0100%1h0.009001+0.953%$1K$5K5xas long as short
HTX PENGU-USDT+0.0100%4h0.009008+1.032%$93K$377K25xas long as short
Extended PENGU-USD+0.0104%1h0.008972+0.629%$185K$943K10xas long as short
Aevo PENGU-PERP+0.0104%1h0.009002+0.965%$208K3xas long as short
Reya PENGURUSDPERPshort+0.0239%1h0.008961+0.507%$30310x
BloFin PENGU-USDT+0.0340%4h0.008980+0.718%$1.5M$4.0M75xas long as short
GMX PENGU/USD [WBTC.b-USDC]L +0.0513% / S −0.0477%1h0.008988+0.808%$126K100xas long as short
Kraken Futures PF_PENGUUSD+0.0607%1h0.009016+1.120%$352K$2.4M50xas long as short
Coinbase International PENGU-PERP-INTX+0.2704%1h0.009069+1.716%$96K$61K50xas long as short